Sporttrade becomes 25th brand to leave US sportsbook market: Rhode Island files a lawsuit against prediction Kalshi and Polymarket; New Jersey iGaming outperforms Pennsylvania in April; Betr accelerates prediction markets entry; plus the week’s other news from North America.
Sporttrade becomes 25th brand to leave US sportsbook market
Sporttrade has become the 25th brand to leave the US sports betting sector, but the exchange will pivot to prediction markets instead.
Across the five states where Sporttrade was active, access to the site will end by 25 June at the latest.
In New Jersey, Iowa and Arizona, where brand data is available, Sporttrade reported a combined gross revenue loss of $29,059 in 2024, improving to win of $1.7 million in 2025.
For Q1 2026, Sporttrade’s combined revenue in these states was $124,005.
In Virginia, Sporttrade took just 0.1 per cent of the state’s online sports betting in the first quarter.
Prediction markets might be the hot sector but Sporttrade will find them no less competitive.
Pennsylvania
Pennsylvania’s monthly gambling revenue increased by 7 per cent in April to reach $595.0 million. Sports betting revenue was up by 39 per cent to $59.0 million, while iGaming had an 8 per cent rise to $245.8 million. Growth in the state’s land-based gaming sector was lower at just 1 per cent to $285.4 million, with slots revenue up 2 per cent at $206.7 million, offsetting a 2 per cent drop in table games revenue to $78.7 million. In the smaller gambling sectors, revenue was video gaming terminals was up by 5 per cent to $3.7 million and fantasy contests had a 6 per cent decline to $1.2 million.
Massachusetts
Massachusetts reported online sports wagers of $670.7 million in April, which was a year-on-year drop of 1 per cent. Several of the leading brands had falls in online sports wagers, including market leader DraftKings with a 2 per cent decrease to $335.1 million. FanDuel had a 10 per cent decline to $167.7 million and BetMGM’s wagers were down by 9 per cent to $50.0 million. Monthly online betting revenue increased by 23 per cent to $82.6 million, despite the fall in wagering.
In the state’s land-based gaming sector, Massachusetts’ three casinos won total revenue of $101.1 million in April, up by 3 per cent. Monthly revenue comprised $73.7 million in slot machine revenue (+4 per cent), $26.6 million from gaming tables (-15 per cent) and $864,028 in retail sports betting win (+70 per cent). Encore Boston Harbor was the leading casino in Massachusetts with total revenue of $60.4 million and a 60 per cent market share.
Louisiana
Louisiana’s sports wagers dropped by 2 per cent in April to $338.0 million, with falls in both mobile and retail wagers. Mobile wagering was down by 0.5 per cent to $324.5 million, and retail betting slipped by 24 per cent to $13.5 million. Net proceeds from sports betting grew by 18 per cent to $45.5 million, overcoming the fall in handle.
Delaware
Delaware reported record wagering on sports and iGaming in April, which rose by 42 per cent to $386.0 million. Monthly iGaming wagers jumped by 46 per cent to $368.5 million but sports betting slipped by 4 per cent to $17.5 million. Combined net proceeds grew by 28 per cent to $12.4 million, with $10.9 million from iGaming and $1.5 million from sports betting.
Maryland
Maryland’s sports wagers neared $575 million in April, rising by 12 per cent to $574.2 million. A 13 per cent increase in mobile wagers to $566.1 million compensated for a 34 per cent decline in retail betting to $8.1 million. Gross win was up by 7 per cent to $63.1 million, including a 6 per cent increase in mobile win to $62.1 million, while retail win soared 170 per cent to $964,192, its best total of 2026 so far.
West Virginia
West Virginia reported 22 per cent growth in combined sports betting and iGaming wagers for the five weeks to 2 May to a record $1.09 billion. Wagering on iGaming was up by 24 per cent to $1.05 billion, but sports betting fell by 12 per cent to $38.5 million. Monthly revenue from sports betting and iGaming improved by 27 per cent to $50.0, also a record. Revenue from iGaming was $45.1 million, with $4.9 million derived from sports betting.
New Jersey
New Jersey’s combined gambling revenue increased by 12 per cent to $600.8 million in April, with growth across all sectors. Sports betting revenue increased by a 13 per cent to $102.1 million, while iGaming revenue was up 12 per cent at $263.1 million. The state’s land-based casinos reported a 12 per cent rise in gaming revenue to $235.6 million, and included a 36 per cent jump in table gaming win to $66.2 million. Slot machines in the casinos had a 4 per cent revenue rise in April to $169.4 million.
Mississippi
In Mississippi, sports wagers dropped by 25 per cent in April to $18.8 million and were below $20 million for the first time since July 2025. The monthly margin improved slightly to 15.2 per cent, but adjusted gross win was still down by 23 per cent to $2.9 million. Basketball was the main sport for wagering at $6.2 million, although this was a 19 per cent fall on April 2025.
Connecticut
Connecticut’s combined sports betting and iGaming wagers grew by 8 per cent in April to $1.94 billion. iGaming wagering increased by 9 per cent to $1.76 billion, making up for a fall in sports betting, which was down 2 per cent at $179.0 million, comprising $172.5 million from online bets and $6.5 million from retail betting. Total gross win from iGaming and sports betting was up by 11 per cent to $88.5 million.
Ohio
The Ohio Lottery has reported a 7 per cent rise in video lottery terminal (VLT) revenue for April to $128.2 million. There were seven active venues in the state and they had 10,074 VLTs installed, which earned an average of $424 per day. Northfield Park Racino, formerly the MGM Northfield Park, was the market leader with VLT revenue of $28.2 million, ahead of Miami Valley’s $21.6 million and Scioto Downs’ $20.1 million.
Oregon
The Oregon Lottery reported 10 per cent growth in April sports wagers to $86.6 million, making it the best month of 2026 so far. Table tennis wagering soared by 125 per cent to $16.6 million, just behind baseball’s wagers of $18.7 million, which was down by 4 per cent. Basketball was the leading sport for wagering on $31.6 million, up by 11 per cent. Gross win from sports betting increased by 11 per cent to $10.6 million, with a margin of 12.3 per cent (April 2025: 12.2 per cent).
Virginia
Virginia’s five land-based casinos earned a 26 per cent jump in gaming revenue for April to $98.9 million. Slot machine revenue grew by 26 per cent to $74.9 million and the gaming tables posted a 25 per cent revenue rise to $24.0 million. Caesars Virginia topped the market with a 3 per cent increase in revenue to $33.5 million, ahead of Rivers Casino’s $27.3 million and Hard Rock Bristol’s $23.4 million.
Washington DC
Washington DC’s sports wagers rose by 3 per cent in April to $74.0 million, as PENN Entertainment exited the market. FanDuel was the leading brand despite wagers falling 13 per cent to $29.7 million, while DraftKings closed the gap in second place with a 33 per cent increase in wagers to $22.2 million. Fanatics saw wagering more than double to $9.4 million, ahead of BetMGM on $6.6 million and Caesars on $6.1 million.
Vermont
Vermont’s sports wagers grew by 8 per cent in April to $17.5 million, with basketball wagering up 20 per cent at $6.1 million. Baseball wagering fell by 11 per cent to $2.7 million, while tennis wagering jumped by 60 per cent to $1.2 million. A strong margin of 12.8 per cent helped gross win to climb by 35 per cent to $2.2 million.
Maine
Maine’s two land-based casinos reported total gaming revenue of $14.2 million in April, up by 2 per cent compared to the same period last year. Oxford Casino won revenue of $8.2 million but this was a fall of 4 per cent, while Hollywood Casino had a 12 per cent increase in revenue to $5.9 million. All of the growth from the two casinos came from table gaming, which was up by 17 per cent at $2.1 million. Monthly revenue from slot machines was unchanged from April 2025 at $12.0 million.
Kansas
Gaming revenue at Kansas’ four land-based casinos fell by 2 per cent in April to $36.0 million. Only one casino showed year-on-year revenue growth and that was Hollywood Casino, where revenue was up by 4 per cent to $14.9 million. Kansas Star Casino was in second place but revenue fell by 7 per cent to $13.9 million. Boot Hill Casino’s revenue fell 2 per cent to $3.8 million, and Kansas Crossing Casino declinedl to $3.4 million.
Florida
Back into March, Florida’s commercial gaming operators saw a 3 per cent decline in revenue, taking revenue for the first quarter of 2026 to $248.8 million. In the state’s commercial casino sector, monthly revenue was down by 4 per cent to $64.0 million and there was a 1 per cent fall in the number of slot machines to 6,899. Partially offsetting the casino decline, monthly revenue in the state’s card rooms was up by 2 per cent in March to $21.0 million.
New Hampshire
New Hampshire’s combined gaming revenue from games of chance, VLTs and historic horseracing grew by 21 per cent in March to $44.9 million. In the sixth month of the newly expanded VLT sector, revenue reached $19.4 million, making it the state’s largest sector. Historic horseracing’s revenue fell by 44 per cent to $15.3 million, while games of chance earned $10.2 million, a 5 per cent increase.
Ainsworth Game Technology expects to report a 24 per cent drop in revenue to A$116 million for the first half of 2026, with the North American region the primary contributor to the year-on-year decline.
Bally’s Corporation reported a 28 per cent increase in consolidated revenue to $755.7 million for the first quarter, with revenue from the Casinos & Resorts segment up 8 per cent at $379.7 million.
Bally’s Intralot has seen revenue soar by 180.5 per cent to €268.1 million for the first quarter, buoyed by the first full quarter of results from Bally’s International Interactive.
Playtech reported strong trading during the first four months of 2026, driven by a stronger-than-expected performance in the Americas, including the US and Mexico.
Better Collective reported a 5 per cent increase in revenue to €86.3 million for the first quarter, driven by growth from North America.
GiG Software posted a 2 per cent drop in revenue to €9.0 million for the first quarter, with higher expenses widening the company’s quarterly loss to €5.2 million.
The Commodity Futures Trading Commission (CFTC) has signed a Memorandum of Understanding (MOU) with the National Hockey League (NHL), its second agreement with a US professional sports league.
Rhode Island Attorney General Peter Neronha filed a lawsuit on Thursday against prediction market companies Kalshi and Polymarket.
Betr Holdings is accelerating its entry into the prediction markets space through the acquisition of registered introducing broker Ascent Capital Management.
Kambi has signed a deal to power online sports betting for Canadian Bank Note Company (CBN) across its operations in South and Central America, and the Caribbean.
Alberta’s online gambling regulator has appointed Dan Keene as its permanent chief executive officer.
The CFTC has filed a lawsuit against Minnesota to block a new law that prohibits prediction markets from operating in the state.
Alberta Minister Dale Nally said that the province’s upcoming regulated market has been modelled after Ontario, but would still have its own “Alberta perspective”.
This week’s games round-up from Gaming Intelligence features Relax Gaming, Playtech’s Origins, Pragmatic Play, Bragg Studios’ Indigo Magic, Galaxsys, Play’n GO and PopOK Gaming.
A Senate committee hearing turned combative as lawmakers pressed gaming industry representatives and prediction market advocates over advertising practices and the protection of vulnerable consumers.
The Iowa Lottery posted an 8 per cent increase in its monthly sales for April to $38.2 million.
Polymarket has partnered Nasdaq Private Market (NPM) to launch its first prediction markets tied to private company performance and milestones.
U.S. Senators Katie Britt (R-Ala.) and Richard Blumenthal (D-Conn.) have introduced legislation to protect minors from targeted advertising from sportsbooks and prediction markets.
Bally’s Intralot has been given a further three weeks to announce a firm intention to make an offer for London-listed operator evoke.
Inspired Entertainment has named Craig Wilson as executive vice president and chief financial officer (CFO).
The US House of Representatives has yet to act on a growing push from lawmakers in both parties to restrict members and their staff from placing wagers on prediction markets.
Sporttrade is set to exit the US sports betting market as it looks to pivot to the prediction market sector.
Oklahoma’s legislature voted to override Governor Kevin Stitt’s veto of Senate Bill 1589, making sweepstakes casino operations illegal statewide beginning November 1.
North Carolina legislators are weighing a significant increase to the tax rate paid by the state’s legal sports wagering operators.
Two bills introduced in the New York State Senate could fundamentally reshape outdoor advertising across the state, including billboards that promote gambling and sports betting.
DraftKings will close its retail sportsbook at Wrigley Field on Sunday May 31 after two years in operation.
Wisconsin has become the latest US state to prohibit state government workers from using inside information to bet on prediction markets.
Evolution has opened a second live dealer studio in Michigan, marking the company’s seventh live casino studio in the US.
The Massachusetts Lottery reported a 3 per cent fall in its sales for March to $447.7 million.
The NFL has formally asked the CFTC to ban certain sports-related prediction market contracts.
Wyoming legislators are digging deeper into the state’s booming gambling sector, with a renewed interim committee taking up a number of issues.
Incentive Games is expanding its footprint in the United States after securing an interim gaming licence in Pennsylvania.
Zitro has deployed its slot machines in the US state of Pennsylvania for the first time at Live! Casino & Hotel Philadelphia.
Century Casinos has appointed Lyle Randolph as executive vice president of operations for the US.