Sport Sports Betting Revenue Remains Strong Amid Nationwide Drop in Handles in June
Sports betting in Georgia: When it will be legalized, how to bet online, where to find picks, top-tier promos
When will sports betting be legal in Georgia? Lawmakers in Georgia want to make online sports betting a realityIf Georgia sportsbooks get the green light, the latest Georgia sports book deposit promo and Georgia sports book promo code could be a big hit with first-time bettors. Now is the perfect time to brush up on sports betting terminology with this helpful guide from SportsLine so you can wager like a pro if Georgia legalizes online sports betting.
Sports betting revenue remains strong despite handles dipping in June. New York was the the only state with a $1 billion handle.
While inflation and gas prices continue to negatively affect the lives of Americans, states around the country continue to report sizable revenue in sports betting.
Although handles dipped across the board in June, bettors are still seeking investments on sporting events as an alternative to the declining values of 401K portfolios. June was highlighted by action involving, , , the , UFC and the .
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June 2022: Top States in Reported Sports Betting Handles
1. New York: $1,056,694,012 2. New Jersey: $633,184,861 3. Nevada: $490,310,834 4. Pennsylvania: $393,494,222
1. New York: $1,056,694,012
2. New Jersey: $633,184,861
3. Nevada: $490,310,834
4. Pennsylvania: $393,494,222
continues to be the only reported state with a billion-dollar handle.
The Empire State, despite witnessing its worst revenue generating month of 2022, still brought in $72,441,500 off $1,056,694,012 in total sports betting handle in June.
The success of the , who went 22-6 in the month of June, was not enough to propel New York bettors to a winning month over the sportsbooks. While the excitement of the Yankees and the both boosted handles, the early summer sports were not enough to carry bettors to a financial win as sportsbooks posted an impressive hold percentage above 5.0% for the fourth consecutive month.
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AFC South Future Odds Betting Breakdown
The Titans have won the AFC South in back-to-back years but the Colts are the division favorites at SI Sportsbook. But is a sleeper lurking? Based on the summer over/under win totals and division betting odds at SI Sportsbook, the Colts are the favorites to win the AFC South (+110) but their wins total over/under (9.5) is the same as the back-to-back division champions Titans (+150).The Jaguars (+600) and Texans (+2500), based on the odds and their wins totals, project to have losing records with almost no chance to compete for the division title.
saw a decrease in total sports betting handle for the third consecutive month, falling from $926,946,780 in April to $39,245,213 in June.
The Garden State brought in $39,245,213 in sports betting revenue for June, which displays a significant 44.9% drop from June of 2021 posted figure of $71,267,544.
However, New Jersey enjoyed its second-best hold percentage (6.2%) of the year behind May (8.0%) despite witnessing its second-lowest revenue generating month since August of 2020.
While bettors could not wager on the NBA draft in New York, they could in New Jersey. ESPN’s Adrian Wojnarowski’s tweet of Jabari Smith going No. 1 overall was perhaps followed too strongly by those in the Garden State who were on the wrong side of thethat the top honors would belong to Paolo Banchero.
Although schools are on break, family trips to Atlantic City beaches and casinos did not translate into increased handle for sportsbooks in the first month of summer.
Saints Over/Under Wins Total Betting Breakdown
The Saints haven’t had a losing season since 2016 but their over/under at SI Sportsbook for the upcoming season is just 7.5 wins. Quarterback Jameis Winston returns from his season-ending ACL surgery after leading the Saints to a 5-2 start in 2021.Head coach Sean Payton has retired but the Saints promoted Dennis Allen from within the organization and they retained offensive play-caller Pete Carmichael.It also looks like Michael Thomas will be ready to start the season.Is Las Vegas disrespecting the Saints? Let’s break it down.
Nevada sportsbooks will likely fall out of the top three once Illinois releases its numbers soon. Las Vegas sportsbooks directors continue to be “reluctant” to adapt to what other operators are offering and that is negatively affecting handle and revenue.
Nevada brought in $23,833,068 (4.9% hold percentage) in sports betting revenue off of $490,310,834 in handle in June.
Those figures revealed a 18.3% decline from the $29,186,000 in revenue in June 2021.
The Silver State, which witnessed a boom in strip tourism thanks to the World Series of Poker, did not see the spike translate into sports betting success.witnessed its lowest sports betting handle of 2022, dropping below the $500 million mark for the first time since August 2021.
While many states around the country offered intriguing markets around the NBA draft, Vegas stubbornly refused to offer patrons similar investment opportunities. The unwillingness to match markets is resulting in bettors contacting friends or family outside the state for the desired action.
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reported its worst handle ($393,494,222) of 2022, which represented a 20.2% drop from the previous month of May ($493,350,519).
The Keystone State still managed to post $22,889,554 in revenue, which resulted in a hold percentage of 5.8%.
It appears that bettors still failed to yield a victory over the sportsbooks despite the hometown going 19-8 June, which included a nine-game winning streak.
is a successful high-stakes fantasy football player who created the first-ever DFS program ever offered in a Las Vegas sportsbook. Frankie is SI Betting's Senior Analyst and provides his significant experience and resources in the sports betting scene. You can follow Frankie on Twitter for his latest betting and fantasy insights from Las Vegas.
Notre Dame College Football Future Odds Breakdown
Notre Dame’s over/under wins total at SI Sportsbook is 9.5 wins and the Fighting Irish have +4000 odds to win the national title. Despite enjoying an impressive 92–39 (.702) record during Brian Kelly’s tenure in South Bend, Notre Dame fans were disappointed after being blown out in its only National championship game appearance (2013) and witnessing two first-round playoff exits (2018, 2020) by a combined margin of 44 points.Kelly proved unable in each matchup to devise successful game plans against powerhouse programs Alabama (twice) and Clemson.
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Broncos Over/Under Wins Total Betting Breakdown .
Expectations are high in Denver with new quarterback Russell Wilson and the Broncos’ over/under wins total at SI Sportsbook is 9.5 wins. While the expectations for Russell Wilson and the Broncos in 2022 continue to soar, the betting odds in the club’s future markets are becoming more prohibitive.The veteran quarterback joins a talented Broncos offense that has been missing reliable play under center since Peyton Manning retired. In the post-Manning era, Denver has produced just one winning season in 2016 and since endured five consecutive losing seasons while posting a disappointing 30-51 (.3790) record.