* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Entertainment

Maine’s Sports Betting Tax Revenue Declined as Fans Won Big

May 6, 2024
in Entertainment
Maine’s Sports Betting Tax Revenue Declined as Fans Won Big
Share on FacebookShare on Twitter

The Maine Gambling Control Unit has disclosed information about the local sports betting market’s performance in March. While the month attracted a record-breaking volume of bets, operators’ hold percentage was quite low, resulting in a decline in tax revenue.

For context, Maine’s sportsbooks recorded approximately $48 million in bets. This figure represents a month-on-month increase of almost $14 million, reflecting the local fans’ excitement about March’s big events.

For context, the March figures were fueled by March Madness, which is considered to be one of the biggest sporting events for betting.

However, the Maine fans, who struggled to place winning bets in prior months, surprised the industry by placing a myriad of successful wagers. And, as it turns out, the fans were the biggest winners in March.

According to Steven Silver, chair of Maine’s Gambling Control Unit, sportsbooks’ hold rate declined to a single-digit figure (5%). As a result, the industry paid only $270,000 to the state in March, representing a decline of over $150,000 from February.

Silver noted that sports fans did not perform so well in earlier months and congratulated the fans for doing so well during March Madness. For context, sports betting in Maine was legalized last year.

March was an anomaly because, since launch in November, Mainers have not been good at winning.

Steven Silver, chair, Maine Gambling Control Unit

Why Was March Different?

According to experts, the results were significantly affected by the impressive performance of fan-favorite players. Analysts pointed out that March Madness tends to attract wagers from non-regular gamblers who usually wager on their favorite athletes.

Silver added that another factor was the fact that the players in Maine had more time to get used to the available apps. In the months since the legalization of betting, fans were able to better understand the sportsbooks and many moved from the high-risk-high-reward parlays to more reliable wagers.

Yet, Silver said that the sportsbooks’ suboptimal performance wasn’t the cause for industry concerns. According to him, the state’s operators are still on track to generate $5-6 million in tax revenue by the end of the year.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : GamblingNews – https://www.gamblingnews.com/news/maines-sports-betting-tax-revenue-declined-as-fans-won-big/

Tags: entertainmentMaine'sSports
Previous Post

Joaquin Buckley vs. Nursulton Ruziboev UFC on ESPN 56 Odds, Time, and Prediction

Next Post

Rebel Rousin’ Rock Guitarist Duane Eddy Dies — Aged 86

FAU tells ‘story’ of Atlantic’s sargassum surge using 40 years of data – EurekAlert!

FAU Reveals the Untold Story Behind Four Decades of Atlantic Sargassum Surge

August 30, 2025
This Week in Science: Brain-Boosting Smells, The Brightest Flash Ever, And More! – ScienceAlert

This Week in Science: Brain-Boosting Scents, The Brightest Flash Ever, and Exciting Discoveries!

August 30, 2025
7 Speed Mike Stewart Science Bodyboard Launch Flex 7 Polypropylene (Polypro) Crescent Tail Morey Mach 7ss – The Michigan Review

Unleash Your Potential with the 7 Speed Mike Stewart Science Bodyboard Featuring Flex 7 Polypropylene and Crescent Tail

August 30, 2025
Cardiologists Struggle With Lifestyle Recommendations – Medscape

Cardiologists Struggle With Lifestyle Recommendations – Medscape

August 30, 2025
Propelling solar technology into a perovskite future – CORDIS

Propelling solar technology into a perovskite future – CORDIS

August 30, 2025
Brian Schottenheimer addresses Micah Parsons trade, says Cowboys can’t win Super Bowl ‘with just one person’ – CBS Sports

Brian Schottenheimer Explains Why the Cowboys Need More Than One Star to Win the Super Bowl

August 30, 2025

First Human Case of New World Screwworm in the US: What You Need to Know

August 30, 2025
Canadian Economy Contracts 0.4%; US Tariffs Drive Losses – Mexico Business News

Canadian Economy Contracts 0.4% Amid Rising US Tariff Pressures on Trade

August 30, 2025
Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

August 30, 2025
The vaccine and public health debate at the center of CDC upheaval, explained – CNBC

The vaccine and public health debate at the center of CDC upheaval, explained – CNBC

August 30, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (798)
  • Economy (817)
  • Entertainment (21,696)
  • General (16,761)
  • Health (9,858)
  • Lifestyle (831)
  • News (22,149)
  • People (818)
  • Politics (824)
  • Science (16,027)
  • Sports (21,315)
  • Technology (15,797)
  • World (798)

Recent News

FAU tells ‘story’ of Atlantic’s sargassum surge using 40 years of data – EurekAlert!

FAU Reveals the Untold Story Behind Four Decades of Atlantic Sargassum Surge

August 30, 2025
This Week in Science: Brain-Boosting Smells, The Brightest Flash Ever, And More! – ScienceAlert

This Week in Science: Brain-Boosting Scents, The Brightest Flash Ever, and Exciting Discoveries!

August 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version