Daily Archives: July 23, 2024

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Sports betting roundup: Xander Schauffele goes from third favorite to first place at British Open - The Caledonian-Record

Sports betting in some states are growing faster than others, and Tennessee has shown almost a 50% increase since last June.

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Across the United States, the sports betting landscape continues to grow at an impressive rate. While the summer months are the slowest for operators and sports bettors, the industry finds itself in a good place.

When you look across the nation as a whole, you see some impressive year-over-year numbers. States such as Iowa and New York have reported their June betting handles, and on average, the June 2024 numbers are about 25% higher than the numbers in June 2023. Thats an extremely healthy rate of growth that operators are surely happy with.

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Must be 21 or older and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA, WV, or WY. Void where prohibited. New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000 (amount equals to lost stake). Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Know When To Stop Before You Start. Gambling Problem? CO, IL, KY, MD, MI, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), LA (Licensed through Horseshoe Bossier City and Harrahs New Orleans), ME (Licensed through the Mikmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrahs Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit mdgamblinghelp.org or WV: visit 1800gambler.net; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF. Data & text rates may apply. Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).

We mentioned earlier that sports betting handles are up nearly 25% across the states that have already reported their June numbers. Overall, the first quarter numbers in 2024 are 22% higher than the first quarter numbers were in 2023.

However, some states are having faster growth than others. In June of 2023, Tennessee took in $230 million worth of sports bets. Fast forward to this past month, and Tennessee operators accepted nearly $345 million in bets. Thats a 49.7% increase year-over-year.

While the summer months are usually bad news for operators, the impact has been far less in Tennessee. With states such as North Carolina, New York and Iowa all reporting betting handles dropped more than 20% from May to June, its quite impressive that the Tennessee handle dropped just 9.7%.

What makes this even more impressive is that Tennessee isnt home to an MLB franchise. Bettors love wagering on their hometown teams, and residents of Tennessee dont have a hometown team to boost their numbers. The University of Tennessee won the college baseball World Series, which could be partly responsible for the steady numbers.

With Tennessee showing massive growth, operators are optimistic about the upcoming football season. Football drives the sports betting calendar, with the highest revenues of the year usually coming in the fall and early winter months.

The University of Tennessee football team has a realistic chance of competing for a spot in the expanded College Football Playoff (+175 odds at FanDuel Sportsbook). A competitive season from the Volunteers will surely lead to an influx of betting opportunities in the state.

The Tennessee Titans are usually competitive, but the NFL generates betting handles no matter how good the local teams are. Bettors bet on player props, parlays and primetime games no matter who is involved.

If the year-over-year trend is a sign of things to come, expect more big numbers to be posted in Tennessee this fall.

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Tennessee sports betting shows impressive year-to-year growth - CBS Sports

On Friday evening, SuperBook announced it would no longer be accepting wagers in eight states. Yet another change in the mobile sports betting landscape across the US. SuperBook posted on their X social media account that they are not taking wagers in Colorado, New Jersey, Arizona, Tennessee, Ohio, Maryland, Iowa, and Virginia after 8:00 p.m. on Friday. In that same post, they did mention that SuperBook would continue to operate through the Westgate SuperBook mobile app. Additionally, retail wagering is set to continue at the SuperBook at the Westgate in Las Vegas.

SuperBook having to withdraw from the market comes not too long after smaller sportsbooks had to make similar cuts. Betways parent company Super Group announced earlier this month that they are leaving the US mobile betting market. Instead, they will be focusing on internet casino gaming in Pennsylvania and New Jersey. On top of that, Betfred is ceasing its operations in Maryland at the end of the month. They ended their operations in Ohio last Friday. These smaller sportsbooks have struggled to have any type of share in the market with FanDuel and DraftKings having so much control.

Of the eight states where SuperBook offered mobile sports betting, only five provide handle and revenue figures. New Jersey only offers revenue figures by operators. The Garden States $481,581 in revenue was less than 0.1% of the overall $573.1 million from all NJ sportsbooks in the first half of 2024. Lack of market share was the common denominator in the states where SuperBook was unsuccessful. From the five states where handle and revenue figures were provided, SuperBook did not exceed 0.2% of the year-to-date mobile handle in any of them. SuperBooks best-performing state in 2024 was Arizona with $42.350 in gross revenue from $3.5 million worth of bets. That gave them a 1.2% hold in the market in 2024.

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Outside of Nevada, SuperBook has ended its mobile sports betting presence in the United States - Sportscasting

The three most important factors in a mobile sports betting app are usability, value and variety.

Here's a rundown of each of those factors and what makes them so important when choosing from the best apps for betting on sports:

The best sports betting apps are very simple to use. You should be able to pick up your smartphone, log in instantly and place a bet in just a few seconds. The sports betting apps are laid out in a neat, intuitive manner, allowing you to find games you want to bet on. Mobile apps also have powerful search functionality.

Speed, reliability and usability are especially important for live betting on mobile betting apps. You need to be able to get your bet in before developments in the game cause the lines or odds to change, so speed matters. Unreliable mobile apps can cause you to miss the chance to place a bet, which is deeply frustrating, especially if that bet would have won, so be sure to stick to the powerful, dependable user-friendly apps like BetMGM, Caesars Sportsbook, FanDuel and DraftKings.

The best mobile sports betting apps offer users a great deal of value. This manifests itself in several ways.

First, the top sports betting apps provide competitive odds. They do not charge more than the standard juice (-110/-110) on their betting lines, and they offer attractive prices on moneylines, props, and futures. Secondly, they provide valuable bonuses, from the sign-up offer to ongoing odds boosts and promotions. Plus, most apps have a quality loyalty program. They also offer value-added features to improve the user experience, such as live streaming.

The best betting apps allow you to place wagers on thousands of sporting events each day. They should be equally strong when it comes to pre-game betting and live betting. These mobile sports betting apps cover more than 20 sports in a very comprehensive fashion. If permitted, they may also offer betting on entertainment markets and eSports, and they offer casino gaming and racebooks in certain states as well.

The top sportsbook apps also provide great variety when it comes to deposit and withdrawal options. You can choose from a wide array of banking methods, and they all pay out quickly.

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9 Best Mobile Sports Betting Apps in the United States - RotoWire