Industry News of the Day for April 28, 2021

iDEA Growth Member News: 

New York: 

North Carolina:  


  • Legal Sports Report, 4.27.21: Nevada Sports Betting Takes US Market To $50 Billion In Bets 
    • Pent-up demand for both March Madness and a good time in a Las Vegas sportsbook led to a pretty busy month for Nevada sports betting. Nevada sportsbooks  took $641 million in bets last month, good for the state’s third-best month ever. Sports betting revenue was $39.3 million, good for 6.1% hold. 
  • US Bets, 4.27.21: Nevada Posts Its Third-Highest Sports Betting Handle At $640.8M For March 
    • Buoyed with a strong basketball handle from the NCAA tournament, the Nevada Gaming Control Board reported a handle of nearly $640.8 million for March, the state’s third-highest monthly total in the post-PASPA era. 


  • Play Virginia, 4.27.21: How FanDuel Became The Early King Of Sports Betting At Virginia Sportsbooks 
    • With a key partnership and a big pocketbook, FanDuel has taken the crown as the early king of Virginia sports betting. Through the first two-plus months of legal wagering at Virginia sportsbooks, FanDuel has processed more than half of the market’s sports betting handle. 


  • Legal Sports Report, 4.27.21: Opaque State Report Shows TN Sports Betting Handle, Revenue Up 
    • The TN sports betting market returned to growth in March as both handle and revenue increased over February. Total handle was $205.9 million, the second-best month the still-young Tennessee market has had so far. Only January and its $211.3 million in handle was better. 




  • Legal Sports Report, 4.28.21: Colorado Sports Betting Back On The Upswing With March Madness Boost 
    • After its first monthly handle dip in February, Colorado sports betting increased again in March. Colorado bettors wagered $301 million in March, according to a Colorado Division of Gaming report released Tuesday. Since launching in May 2020, the state has now surpassed $2 billion in handle. 
  • Play Colorado, 4.27.21: March Madness Betting Boosts Colorado to $300 Million Handle 
    • Colorado sports betting has topped another major milestone. The state has brought in over $2 billion in handle. Yes, you read that number correctly. In the 11 months since sports betting launched here, bettors have put up $2 billion. The Centennial State is the sixth market in the U.S. to reach that milestone. 
  • IGB, 4.27.21: Colorado Surpasses $2bn In Sports Bets Since Launch As March Wagers Hit $300m 
    • Players in Colorado have spent more than $2.0bn on sports betting since the state opened its regulated market in May 2020, with figures from the Colorado Department of Revenue showing over $300.0m was wagered in March this year. 
  • CBS Denver, 4.28.21: Sports Betting Wagers In Colorado Reached The $2 Billion Mark In March 
    • The Colorado Department of Revenue’s Division of Gaming says total wages hit the $2 billion mark in March 2021. That’s double the number that the state hit in December, when the state first reached the $1 billion milestone.