MaximBet Closes US Sportsbook Operations, Cites ‘Cost Prohibitive Marketplace’

For the second time in a month, a US sportsbook is calling it quits. This time, it’s MaximBet, which made the announcement to its bettors Wednesday.The online sports betting operator owned by the Carousel Group, which partnered with men’s lifestyle publication Maxim Magazine, told bettors that “challenging macroeconomic conditions and an increasingly cost prohibitive marketplace” hastened the decision.MaximBet did not launch in Indiana until Sept. 30. According to data from the Indiana Gaming Commission (IGC), it reported a $397,012 handle for October. That was less than .09% of the $446.2 million handle the 28 retail sportsbooks and online apps reported. The company’s gross receipts totaled $43,928.
 
Back
Top