The Cashout: October Revenue Is Bad For US Sportsbooks So Far
TCL will offer market analysis in the US gambling space in The Cashout every Friday to paid subscribers, along with a news roundup for free subscribers. The weekly post will focus on metrics in the US market as well as regulatory and legal developments as events warrant.
We now have operator-level numbers for October in a variety of states that report sports betting handle and/or revenue. What are the takeaways?
I’ll take a closer look after a roundup of gambling news to end the week:
Gambling roundup
The FBI is reportedly investigating whether a former Temple men’s basketball player “bet on his own games and manipulated the outcome of Owls games he played in.” More at ESPN.
I wrote about the latest AGA numbers for commercial gambling and what they should mean for the future of online gambling.
Massachusetts regulators continue to probe sportsbooks and how they limit bettors.
NHL players are reporting more harassment because of gambling.
Texas sports betting would generate a lot of revenue and tax revenue, but 2025 looks like a long shot for legalization.
The latest on proposed legislation that would limit sports betting ads in Canada.
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The story of October
It was definitely a “customer-friendly” month, as sportsbook revenue was down from September almost across the board despite an increase in handle MoM. That comes as we have heard tales of bettors getting the best of sportsbooks in some weeks of the NFL season.
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