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Sports gambling app tied to Bingo World in Brooklyn Park makes small profit in early days of legalized wagering

December 19, 2022

Since mobile sports betting launched in Maryland before Thanksgiving, only one of the seven gambling apps that are live made a profit in the first nine days of wagering, according to a report from the Maryland Lottery and Gaming Control. BetRivers, the betting app tied to Bingo World in Brooklyn Park, made a profit of just over $28,000 between the formal launch at 9 a.m. Nov. 23 and Nov. 30 and eight hours of wagering allowed on Nov. 21. The other six sportsbooks, Barstool Sportsbook, BetMGM, Caesars, DraftKings, FanDuel and PointsBet, handled far more money but reported losses of around $38 million as they used promotional deals like free bets to attract new customers.

Article Source: Capital Gazette

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