Another sportsbook is folding its online operations.
On Friday, SuperBook Sports announced they will no longer accept bets or deposits in Arizona, Colorado, Iowa, New Jersey, Tennessee, Ohio, Maryland and Virginia. SuperBook was licensed for online operation in those eight states.
"We regret to inform you that SuperBook Sports will no longer be accepting wagers, deposits or new accounts in Colorado, New Jersey, Arizona, Tennessee, Ohio, Iowa, Maryland and Virginia effective July 19, 2024 at 8:00pm ET," a statement released by SuperBook read.
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SuperBook wrote it will continue to operate at Westgate SuperBook in Nevada and bettors in Nevada will be able to access mobile betting through the Westgate SuperBook mobile app.
The SuperBook sportsbook at Westgate in Nevada is one of the most popular sportsbooks in Las Vegas. It appears they were unable to parlay the retail success into online wagering success.
In Ohio, for example, SuperBook accounted for .08% of the state's total handle and .02% of the gross revenue from January 2024 (legalization) to May 2024.
That put SuperBook on par with Parx and Betr and a long way from some of the mid-tier sportsbooks such as Caesars, Fanatics and ESPN BET which hold about 5% of the share.
For those with funds still in SuperBook apps, there appears to be no current deadline yet for when you will be allowed to withdraw. It will be highly recommended to do it as soon as possible. Otherwise, it is likely they will be sending checks in the mail.
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