US online betting handle falls 3% in March as gaming revenue rises
US online betting handle fell about 3% year on year in March, while gross gaming revenue increased as hold rates approached 9.6%, according to an industry tracker compiled by Stifel analysts. The tracker also reported online casino revenue growth of around 20% year on year in February; analysts noted that state reporting differences limit comparisons.
Operators face weaker betting volumes even as higher hold supports revenue, while state reporting differences complicate market comparisons.