Eric Ramsey - Profile and Journalist Details
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Verified
Lead Writer, Legal Sports Report
Maine
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Content
By Eric Ramsey Verified| Legal Sports Report Verified Pennsylvania sportsbooks had a February of mixed emotions, enjoying a significant surge in volume while also enduring a sharp decline in revenue. Operators in the commonwealth combined to generate $757 million in handle for the month, up 14% year over year to reach a new February record. Gross revenue tumbled 33% to just $34.0 million, though, the market’s lowest output in 18 months. Effects on net revenue were further magnified by a 30%+ increase in promo spend.
By Eric Ramsey Verified| St. Louis Post-Dispatch Verified Regulated sportsbooks in the US are once again gearing up for the biggest event on the calendar: Super Bowl Sunday. The NFL season peaks on Feb. 9 with a powerhouse Super Bowl 59 matchup between the Philadelphia Eagles and the Kansas City Chiefs that will generate more than $1.5 billion in legal wagers nationwide. Record-setting handle for the game creates nine figures of revenue potential for sports betting operators, though how much customers win or lose hinges on the result.
By Eric Ramsey Verified| Legal Sports Report Verified Pennsylvania sportsbooks had a February of mixed emotions, enjoying a significant surge in volume while also enduring a sharp decline in revenue. Operators in the commonwealth combined to generate $757 million in handle for the month, up 14% year over year to reach a new February record. Gross revenue tumbled 33% to just $34.0 million, though, the market’s lowest output in 18 months. Effects on net revenue were further magnified by a 30%+ increase in promo spend.
Company Info
Legal Sports Report
Las Vegas, Nevada, United States