Six states started sports betting in 2018. Revenues fell short of projections in four of the states. Several reasons why. Among them – slower than expected rollout, lack of online betting and even the Super Bowl.<\/p>\n
Rhode Island projected monthly revenues of $1 million. The reality \u2013 about $50,000 a month. Rhode Island is the only New England state that offers sports betting. Who\u2019s going to bet against Tom Brady and the Pats who, as expected, covered the spread in a lackluster Super Bowl. Also, Rhode Island didn\u2019t offer online betting until this month.<\/p>\n
West Virginia projected annual revenue of $5.5 million. Through the first eight months of their fiscal year, actual revenue amounted to $862,000. A contract dispute led to a shutdown of two sports books and the only sports betting app at the outset of the NCAA basketball tournament.<\/p>\n
Mississippi and Pennsylvania have generated revenues about half of what was projected. Mississippi faces competition from a gambling complex in Arkansas and Pennsylvania doesn\u2019t allow online sports betting. Although Pennsylvania hopes to offer online betting sometime this summer.<\/p>\n
New Jersey and Delaware are the only states to meet projections. For New Jersey, the availability of online betting is significant. State tax revenues of $1.8 million monthly is nearly the same as Nevada, which has had sports betting for decades. In Delaware, football betting is established, having been around since 2009.<\/p>\n","protected":false},"excerpt":{"rendered":"
Six states started sports betting in 2018. Revenues fell short of projections in four of the states. Several reasons why. Among them – slower than expected rollout, lack of online betting and even the Super Bowl. Rhode Island projected monthly revenues of $1 million. The reality \u2013 about $50,000 a month. Rhode Island is the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[18],"tags":[19,41,86],"class_list":["post-2551","post","type-post","status-publish","format-standard","hentry","category-promotions","tag-gambling","tag-revenue","tag-sports-betting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p87ey3-F9","_links":{"self":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts\/2551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2551"}],"version-history":[{"count":1,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts\/2551\/revisions"}],"predecessor-version":[{"id":2552,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=\/wp\/v2\/posts\/2551\/revisions\/2552"}],"wp:attachment":[{"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ohiogaming.keglerbrown.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}