SuperBook Shutters Its Mobile Sports Betting Outside Nevada
Regulation · 2024-07-22

SuperBook Shutters Its Mobile Sports Betting Outside Nevada

The mobile sports betting landscape in the United States had another notable contraction Friday night after SuperBook announced it would no longer be taking online wagers in eight states.

A message on its Twitter account posted at 5:38 p.m. PDT on Friday notified bettors that SuperBook would stop taking wagers in Colorado, New Jersey, Arizona, Tennessee, Ohio, Iowa, Maryland, and Virginia as of 8 p.m. EDT that night.

The message added that SuperBook Nevada would continue to operate through the Westgate SuperBook mobile app and retail wagering would continue at the SuperBook at the Westgate in Las Vegas.

Thank you for being a loyal customer of SuperBook Sports. pic.twitter.com/5uXpbU8pEx

— SuperBook Sports (@SuperBookSports) July 20, 2024

SuperBook’s multi-state withdrawal comes on the heels of other smaller mobile sportsbooks doing likewise. Super Group, the parent company of Betway, announced earlier this month announced it would be leaving the U.S. mobile sports betting marketplace to focus on internet casino gaming in New Jersey and Pennsylvania.

Betfred will cease operations in Maryland at the end of the month and announced Friday it will close up shop in Ohio. BetMGM subsidiary LeoVegas purchased Tipico’s U.S. sports betting platform in late June. Multiple smaller sports betting apps in the U.S. have found it challenging to grab a foothold as FanDuel and DraftKings command an overwhelming share of the marketplace in almost every state where both are taking wagers, often reaching 75% of a state’s total handle between them.

7/x #SportsBettingX

— Chris Altruda (@AlTruda73) July 16, 2024

Of the eight states were SuperBook offered mobile betting, five provide handle and revenue figures. New Jersey only offers revenue figures by operator, something the Division of Gaming Enforcement began this year. The $481,581 in revenue from the Garden State was less than 0.1% of the overall $573.1 million accrued by all sportsbooks in the first half of 2024.

The common thread in the five states with handle and revenue available was a lack of pronounced market share: SuperBook did not exceed 0.2% of the year-to-date mobile handle in any of them. Its best-performing state in 2024 in terms of market share and handle was Arizona, where it accepted $3.5 million worth of bets and finished with $42,350 in gross revenue — good for only a 1.2% hold.

SuperBook’s most recent entry was in Virginia last October, and that was its best state in terms of performance with a near-6% win rate. But it accounted for 0.1% of the mobile handle this year with nearly $3 million and totaled $177,343 in gross revenue.

Additionally, SuperBook could not escape the drag of its promotional spend. In the four states that provided such figures in 2024, SuperBook’s known promotional spend equaled at least 30% of its gross revenue in all of them. In Ohio, the $50,966 in credits and bonuses equaled 52.6% of its $96,874 in GGR.

SuperBook was able to reach seven figures in gross winnings in Arizona all-time with more than $1.8 million, but its known promotional spend since taking its first bets in December 2021 was close to $1.7 million. The $712,200 outlay in Ohio nearly matched its $780,100 in gross winnings; it was slightly less pronounced in Maryland, where the $256,400 spend equaled 62.5% of its gross winnings.

SuperBook was still eligible to deduct promotional spend against gross revenue in Virginia at the time of Friday’s announcement, and the $95,600 in credits equaled 42.7% of its $223,600 in winnings.

熱門文章
What’s on the SBC Summit Conference Agenda in 2026?
Marketing
Vietnam's tightening online gaming policy creates new market opportunities
Southeast Asia
Global Game Connect (GGC) 2027 Officially Opens Sponsorship & Exhibition Opportunities in Sri Lanka!
HUIDU Focus
Super PAC Raises $48 Million: Sports Betting Forces Ramp Up Political Push
Regulation
Vietnam’s Controlled Gaming Shift Gains Ground, But Domestic Demand Still Lags
Southeast Asia
New Jersey July Gambling Revenue Hits $606M, Sweeps Casinos Banned
Regulation
Institutional Academy that exceeded expectations marked the opening of GAT CDMX
Online Game
British gambling levy rates confirmed for each vertical
Regulation
Gaming & Technology Expo Makes a Powerful Entrance in CDMX
Marketing
PropellerAds Positions Itself as a Go-To Traffic Source for iGaming Advertisers Ahead of a High-Demand Season
Marketing
SBC Summit Canada to Make Player Safety a Key Pillar of 2026 Agenda
Marketing
GAT Expo CDMX 2026 Kicks Off Today in Mexico with a Sold-Out Opening Reception at Big Bola Casino Santa Fe
Marketing
Brazil Proposes Raising Gambling Tax Rate to 24%, With Revenue Allocated to Social Security and Healthcare
Regulation
Manila delivers: Highlights from SiGMA Asia 2026 
Southeast Asia
PropellerAds Shared a New iGaming Case Study: 97,674 Installs and 12,701 Deposits in 3 Months
Marketing
首頁
遊戲
合作
發現
我的