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    Quick Hits

    Sports Betting Success

    By
    Oct 06, 2020 | 07:15 pm
    UPDATED Oct 06, 2020 | 08:39 pm
    Melvin Gordon
    Ron Chenoy-USA TODAY Sports

    August was the fourth straight month of the U.S. gaming industry’s recovery — which includes casino, sports betting and online gaming revenue. Nationwide revenue from the segments were up 5.6% compared to July, but down 19.8% year-over-year, according to the American Gaming Association.

    At the heart of the recovery was the largest sports betting month ever, with Americans wagering $2.1 billion. The record handle generated $119.4 million in revenue, the second-highest grossing month on record. 

    Sports betting and online gaming — a big growth point for companies like DraftKings and Penn National — are helping buoy slots and table gaming slides. Gross gaming revenues from sports betting and online gaming are up 31.5% and 203.3% on the year, respectively.

    Sportsbook Awareness Level in U.S. via CivicScience:

    • DraftKings — 41%
    • FanDuel — 38%
    • Barstool — 27%
    • FoxBet — 25%
    • BetRivers — 22%
    • PointsBet — 22%
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