Kansas Sports Betting Activity Sees Rise in Revenue for July

Sportsbooks in Kansas started the new fiscal year on a positive note, rebounding from the previous month's performance, starting what could be the upward trend in betting leading up to football season. Kansas sports betting activity may have a lower handle, but revenue for sportsbooks have increased.

When becoming a bookie, revenue is always the bottom line in terms of the data you can find in your sportsbook. Naturally, wanting a higher handle is always better, but if your hold is low, then revenue will not be as good as you would want it to be.

According to the Kansas Lottery, the adjusted revenue for July reached $6.8 million, marking a significant 66% increase compared to the previous month. This growth was driven by a total betting handle of $79.7 million from both online and retail sportsbooks in the state. 

 

 

 

Kansas Sports Betting Activity Continues to Improve

The rise in revenue was attributed to a reduction in promotional deductions, decreasing from $3.2 million in June to $1.8 million in July. Consequently, the state received a higher tax payment of $683,176 in July, up from the $409,425 recorded in the previous month.

Although the betting handle for July in the Sunflower State dipped by 18.8% on a month-on-month basis, the hold saves sportsbooks and gives us an increase in revenue. Sportsbooks report a 12.1% hold on the $9.6 million Gross Gaming Revenue (GGR). The GGR also increases by 18% from the previous month. As a bookie, you can easily add more revenue if you get players to also play online casino games through your bookie software.

If you look at the numbers for Kansas, online sports betting remains the more popular option, taking 97% of the market at $77.4 million. Historically, numbers will start to improve as we get closer to football season. August will still have the same betting options, with the addition of international basketball as well as the NFL preseason. Your bookie pay per head software will offer all the events available, and will hopefully yield a better handle and revenue for the sports betting market this August.

 

Alcaraz Faces Tough Match Against David Goffin

 

Get the latest eSports news and check out sportsbooks to bet on in this 888sport sportsbook review. Meanwhile in tennis, in his first match since battling to the Wimbledon title, Carlos Alcaraz was made to work hard by David Goffin in the Hopman Cup in Nice on Friday. In the men's singles, top-ranked Alcaraz had to fight to overcome the 111th ranked Belgian 4-6, 6-4, 10/8.

Goffin broke the 20-year-old Spaniard twice to take the first set and led 3-1 in the second before Alcaraz fought back to take the match to a super tiebreak 10/8 after falling 4-0 behind.After Elise Mertens defeated Rebeka Masarova in the first women's singles match by scores of 7-6 (7/3), 2-6, and 10/5, Spain's victory brought the match to a tie.

Mertens and Goffin defeated Masarova and Alcaraz 6-3, 6-1 in the decisive doubles match to give the Belgian team the championship in just over an hour.

The Hopman Cup is a mixed tournament with two-player teams from six different countries divided into two pools of three.

Each nation competes against the other two groups in its pool. Women's singles, men's singles, and mixed doubles are played first in each tie. In their debut match, Donna Vekic and Borna Coric of Croatia defeated Belgium. On Saturday, Spain will play Croatia with a chance to go to the championship game still alive.

Arizona Sports Betting See Decline in Activity, But Better Hold

If you are learning how to be a bookie, studying the trends in betting may be a bit confusing, especially in the recent months. In March, most sportsbooks reported higher handles and revenues. And in April? It depends on the market. But Arizona sports betting see a decline in sports betting for the month of April.

According to the Arizona Department of Gaming (ADG), the sportsbooks in the state took in $535.7 million in bets. While half a billion seems like such a great number for those starting out in the bookie PPH business, it is actually 16.8% lower than Arizona’s handle back in March.

Arizona Sports Betting Market Still Does Well

When you own an online sportsbook through a pay per head service, you will gain familiarity with the concept of the hold percentage, which is the percentage that sportsbooks get to keep for every dollar wagered. The hold percentage is a good indicator of a good month for revenue. Which is exactly what is happening with sportsbooks in Arizona.

Sportsbooks have a 8.9% hold percentage, which is higher than March’s 8.3%. As you can see, the hold percentage is actually inversely related to the handle. After expenses on promotions are deducted, sportsbooks have an adjusted gross revenue of $34.3 million. It’s a little less compared to March’s $37.1 million, but a lot more than expected given the decrease in handle.

But even though the state is reporting a slower season, the numbers are still better than that of the same period in 2022. A 4.5% increase in handle year-on-year tells us that the market still continues to grow. And for those interested in online sports betting in the state, online sportsbooks still take in the most wagers. In fact, almost 99% of all wagers placed in the state during April are from online sportsbooks.

 

 

Ja Morant Gets 25 Game Suspension

Check this bookie software checklist to make sure you are going to get the best sportsbook software you can have. Make sure to keep track of MLB trends and NBA updates, among others. Meanwhile, in the latest in the NBA, Ja Morant, a player for the Memphis Grizzlies, was seen flashing a gun in a social media video for the second time this year and received a 25-game suspension from the NBA on Friday.

One of the NBA's most promising young players, Morant, had previously completed an eight-game suspension in March following another video in which he was seen flashing a gun in a club.

NBA commissioner Adam Silver stated in a statement that the latest suspension of Morant would be a sign that the league will crack down on "reckless behavior" with weapons.

"Ja Morant's decision to once again wield a firearm on social media is alarming and disconcerting given his similar conduct in March for which he was already suspended eight games," Silver said. "The potential for other young people to emulate Ja's conduct is particularly concerning. Under these circumstances, we believe a suspension of 25 games is appropriate and makes clear that engaging in reckless and irresponsible behavior with guns will not be tolerated."

However, the National Basketball Players Association, the league's players union, criticized the severity of Morant's suspension, calling it "excessive and inappropriate." Friday's suspension is just the latest setback in what has been a difficult year for Morant, who is regarded as one of the most talented basketball players in the world.

A high school student who claims Morant punched him during a pick-up basketball game at the athlete's house in July 2022 has also filed a lawsuit against the 23-year-old.The player's agent claimed that the player was acting in self defense in that event, which resulted in no charges being filed.

In February, the NBA looked into claims made by the Indiana Pacers that Morant's entourage "aggressively confronted" members of the team's traveling party and may have even pointed a red laser at them after a game in Memphis.

Virginia Betting Handle Reaches Half Billion Mark in March

 

In the latest news, the Virginia betting handle is up, breaking the half a billion mark in March. This March, the Virginia Lottery disclosed that its retail sportsbooks and online sportsbooks received $511.6 million in wagers. This gives us a 20% increase in handle from February's $433.8 million. This March's handle also marked a 9% year-on-year increase, and this tells us that it is profitable to be part of the gambling industry workforce.

Out of the total amount wagered in March, sportsbooks paid out $456.3 million to winners, keeping a gross revenue of $55.3 million. In comparison, February's revenue was only $39.8 million. Your sportsbook pay perhead business will likely reflect similar increases in handle and revenue. March is typically one of the busiest months in sports betting in the US.

Virginia Betting Handle and Revenue are Up

Looking at the hold percentage, January had 9.7%, which dropped to 9.1% in February. It again increased in March, with a 10.8% hold. Out of all of the wagers made, only 0.9% come from retail sportsbooks. This means that online sports betting is the most popular way for Virginia residents to be able to bet on sports.

If you keep track of sports news, specifically basketball and hockey news, you will be able to easily see the potential for your sportsbook to earn a lot in the next month. April will play host to the NBA season entering the playoffs, as well as other sports like hockey and baseball. We would not be surprised if we will see even higher numbers for the next month. 

 

 

 

 

 

 

Celtics Advance in Playoffs

If you want to earn more, you need to learn what you need to know about your bookie software. Also check the news for the NFL Draft, and other important events. In the latest in the NBA, the Boston Celtics defeated the Atlanta Hawks in a thrilling 128-120 victory on Thursday to win their NBA Eastern Conference first-round playoff series. Jaylen Brown and Jayson Tatum scored 62 points in total. Boston also tightened its defense in the closing minutes.

The Boston Celtics, who lost to the Golden State Warriors in the NBA Finals last season, won the best-of-seven series 4-2, setting up a matchup with the Philadelphia 76ers, a squad including Joel Embiid and James Harden, in the conference semifinals.

Trae Young led the Hawks to a 119-117 comeback victory in Game 5 on Tuesday, extending the series. Young finished with 30 points and 10 assists.However, Young ran out of steam in the second half, scoring just five points after the intermission and shooting nine out of 28 overall.

The Celtics used an 11-0 run in the fourth quarter to finally seize control of a game that had 22 lead changes and 15 ties. The lead changed hands seven times in the fourth quarter alone. Brown scored 32 points and Tatum had 30, for the Celtics. With 3:35 left, Al Horford, a former Hawk, made a three-pointer to give the Celtics a permanent lead.

Tatum made a second three-pointer after that, Brown made a block, and Tatum tipped in a Horford miss to finish the 11-0 run that put the Celtics up by eight with 2:07 remaining.

Most Popular Sports Leagues to Bet on in the US

 

When we are talking about sports betting, there are a lot of options available. You only need to look at the lines in a sportsbook pay per head site to see hundreds of wagers on dozens of sports events happening around the world.

But if you are learning how to run a bookie PPH business in the US, you will need to know which sports leagues are the most popular and get the most number of wagers in sportsbooks. Here are the top sports leagues in the US- these leagues are known as the Big 4. They enjoy a large fan base, viewership, and sportsbooks take in a lot of bets.

Popular Sports Leagues to Bet on in the US

First, you have the National Football League, or the NFL. American football is the top sport that Americans bet on, so they really are very popular, for both college and professional football. The NFL’s regular season runs from September to January. The playoffs being in January, with the Super Bowl on February. Many who want to become a bookie do so before this happens, given how popular the league is.

Next, you have the National Basketball Association, or the NBA. The top basketball league in the world runs from October to April, and their playoffs start in April. The NBA Finals happens around June. If you want to get started before the playoffs, these bookie pay per head reviews will help you.

Third, is the Major League Baseball, or the MLB. The popular pro baseball league runs from April to September, with the playoffs starting in October. The World Series happens around late October or early in November.

Lastly, is the National Hockey League, or the NHL. Their regular season happens between October to April. The playoffs begin in April, and the Stanley Cup Final happens in June.