The sports betting industry continues to be one of the fastest-growing businesses in the country, at least where revenue is concerned.
With nearly $120 billion wagered legally across the country in 2023, and trends suggesting an even larger number coming this year, sports betting has established a massive foothold in the American sports scene.
We break down the most up-to-date numbers both in sum and by state, sharing the monthly handle and hold for all legal jurisdictions. These are updated regularly, so check in often.
US Sports Betting Revenue: 2024 vs Previous Years
Let there be no doubt that sports betting continues to grow at a breakneck pace.
After cruising past the $100 billion mark in total legal wagers in 2023, the industry is pacing to set a new yearly record in 2024. A hot start to the year means that the U.S. has now seen more than $426 billion in bets at legal sportsbooks since the Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018.
And as expected, the best sportsbooks in North America have driven the majority of the action in nearly every state.
Here's a look at the yearly handle, revenue and hold percentage by year to date (and check out our handy glossary at the bottom of the page for definitions of these betting terms).
Year-by-Year Data, 2018-24
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $114,558,221,543 | $10,863,075,512 | 9.5% | $2,223,265,841 |
2023 | $121,077,662,156 | $11,053,452,646 | 9.1% | $1,697,209,089 |
2022 | $93,716,164,119 | $7,591,336,024 | 8.1% | $1,169,222,702 |
2021 | $57,525,518,127 | $4,341,696,962 | 7.5% | $436,165,903 |
2020 | $21,476,520,882 | $1,546,743,084 | 7.2% | $149,725,251 |
2019 | $13,073,426,594 | $920,626,754 | 7.0% | $95,860,084 |
2018 | $6,608,072,006 | $441,736,410 | 6.7% | $40,344,788 |
Month-by-Month Data, 2024 to Date
Month | Handle | Gross Revenue | Hold | Taxes |
January | $13,875,554,966 | $1,503,994,173 | 10.8% | $298,296,147 |
February | $11,315,712,953 | $897,972,271 | 7.9% | $175,756,966 |
March | $13,926,298,640 | $1,091,595,030 | 7.8% | $212,076,249 |
April | $12,078,763,498 | $1,182,190,603 | 9.8% | $240,066,322 |
May | $11,054,042,862 | $1,159,643,172 | 10.5% | $248,009,565 |
June | $9,106,391,978 | $859,232,290 | 9.4% | $178,966,678 |
July | $7,924,449,890 | $882,012,665 | 11.1% | $186,860,946 |
August | $9,084,416,726 | $801,431,054 | 8.8% | $165,665,802 |
September (to date) | $14,009,307,490 | $1,572,896,292 | 11.2% | $317,481,193 |
October (to date) | $12,177,744,891 | $910,988,562 | 7.5% | $200,086,487 |
Month-by-Month Data, 2023
Month | Handle | Gross revenue | Hold | Taxes |
January | $11,498,154,406 | $1,065,957,209 | 9.3% | $189,743,789 |
February | $9,014,426,342 | $712,764,443 | 7.9% | $134,403,137 |
March | $11,236,636,554 | $1,068,421,204 | 9.5% | $205,034,587 |
April | $9,176,221,600 | $869,429,328 | 9.5% | $172,752,931 |
May | $8,137,649,326 | $916,328,162 | 11.3% | $184,834,192 |
June | $6,616,003,472 | $548,656,527 | 8.3% | $114,224,498 |
July | $5,898,621,040 | $622,926,008 | 10.6% | $129,002,800 |
August | $6,660,118,021 | $609,167,941 | 9.1% | $121,957,492 |
September | $11,576,828,147 | $1,108,889,239 | 9.6% | $209,172,440 |
October | $12,812,334,808 | $1,242,284,208 | 9.7% | $236,083,223 |
November | $14,470,268,900 | $916,456,015 | 6.3% | $180,100,122 |
December | $13,967,203,848 | $1,366,943,628 | 9.8% | $267,091,035 |
US States Sports Betting Revenue
Arizona Sports Betting Revenue
The Arizona sports betting scene has thrived since becoming a reality in September 2021, generating well over $1.55 billion in gross revenue in its first 2+ years of existence. Retail sportsbooks are taxed at just 8% annually, while online revenue is subject to a 10% tax.
Arizona Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $5,421,451,017 | $514,716,734 | 9.5% | $32,074,730 |
2023 | $6,573,800,271 | $557,533,412 | 8.5% | $27,977,327 |
2022 | $6,036,844,929 | $482,932,554 | 8.0% | $21,314,091 |
Arizona 2024 Monthly Revenue Data
Month | Handle | Gross revenue | Hold | Taxes |
January | $706,382,861 | $70,943,718 | 10.0% | $4,610,005 |
February | $637,485,879 | $54,329,589 | 8.5% | $2,788,885 |
March | $759,807,633 | $59,289,055 | 7.8% | $3,784,200 |
April | $656,322,666 | $63,261,868 | 9.6% | $4,328,378 |
May | $568,493,315 | $62,444,214 | 11.0% | $4,307,143 |
June | $454,116,117 | $47,269,458 | 10.4% | $3,157,087 |
July | $410,140,440 | $42,514,638 | 10.4% | $2,896,319 |
August | $496,602,562 | $37,071,285 | 7.5% | $2,239,781 |
September | $732,099,544 | $76,364,871 | 10.4% | $3,962,932 |
Arizona 2023 Monthly Revenue Data
Month | Handle | Gross revenue | Hold | Taxes |
January | $591,220,793 | $47,486,816 | 8.0% | $2,886,502 |
February | $609,278,096 | $35,392,452 | 5.8% | $1,609,581 |
March | $644,763,990 | $53,523,946 | 8.3% | $3,704,268 |
April | $535,712,027 | $49,163,322 | 9.2% | $3,429,846 |
May | $451,717,025 | $49,595,605 | 10.9% | $3,376,059 |
June | $393,198,857 | $28,331,607 | 7.2% | $1,633,356 |
July | $323,211,485 | $35,343,494 | 10.9% | $2,678,598 |
August | $358,875,474 | $31,681,151 | 8.8% | $2,128,096 |
September | $610,716,285 | $60,115,066 | 9.8% | $3,243,222 |
October | $648,208,573 | $56,868,980 | 8.8% | $3,287,799 |
November | $713,586,703 | $42,333,281 | 5.9% | $2,023,887 |
December | $693,310,960 | $67,697,686 | 9.8% | $4,817,325 |
Arizona 2022 Monthly Revenue Data
Month | Handle | Gross revenue | Hold | Taxes |
January | $563,694,591 | $41,890,200 | 7.4% | $1,952,971 |
February | $491,665,553 | $25,629,834 | 5.2% | $670,686 |
March | $690,979,294 | $38,898,393 | 5.6% | $1,864,457 |
April | $512,877,847 | $30,441,991 | 5.9% | $1,647,450 |
May | $461,450,688 | $56,193,285 | 12.2% | $4,125,125 |
June | $318,774,198 | $12,601,356 | 4.0% | $766,831 |
July | $290,511,532 | $22,684,581 | 7.8% | $1,496,427 |
August | $361,008,835 | $37,161,758 | 10.3% | $2,767,590 |
September | $537,966,148 | $56,428,816 | 10.5% | $3,058,838 |
October | $618,570,296 | $49,392,417 | 8.0% | $2,963,716 |
November | $616,855,044 | $56,028,194 | 9.1% | $3,876,208 |
December | $572,490,899 | $55,581,724 | 9.7% | $3,724,395 |
Arkansas Sports Betting Revenue
Arkansas sports betting saw everyone win in October 2024, though the players made out much better than the government or the betting sites. Sportsbooks took in a record monthly handle but could only manage a 5.2% hold, resulting in a disappointing tax haul. Sportsbooks are taxed at a 13% rate on the first $150 million in revenue, and 20% on every dollar above that.
Arkansas Yearly Revenue Data
Year | Handle | Gross revenue | Hold | Taxes |
2024 | $425,845,892 | $37,195,992 | 8.7% | $5,643,065 |
2023 | $404,764,327 | $37,190,265 | 9.2% | $4,159,607 |
2022 | $185,818,483 | $17,922,004 | 9.6% | $1,608,254 |
Arkansas 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $50,698,701 | $5,855,921 | 11.6% | $894,654 |
February | $40,947,811 | $2,672,209 | 6.5% | $413,682 |
March | $50,031,696 | $3,406,749 | 6.8% | $510,490 |
April | $41,763,742 | $3,788,712 | 9.1% | $568,356 |
May | $39,823,867 | $3,556,977 | 8.9% | $700,934 |
June | $31,416,492 | $3,227,769 | 10.3% | $645,554 |
July | $25,464,080 | $2,677,225 | 10.5% | $348,039 |
August | $32,207,497 | $1,941,927 | 6.0% | $252,451 |
September | $53,056,638 | $6,918,341 | 13.0% | $899,384 |
October | $60,435,368 | $3,150,162 | 5.2% | $409,521 |
Arkansas 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $32,976,264 | $2,868,244 | 8.7% | $439,379 |
February | $29,532,263 | $1,709,714 | 5.8% | $254,925 |
March | $37,474,412 | $4,264,047 | 11.4% | $626,042 |
April | $25,452,659 | $2,336,023 | 9.2% | $349,633 |
May | $22,777,209 | $2,293,281 | 10.1% | $458,656 |
June | $22,708,945 | $1,334,973 | 5.9% | $266,995 |
July | $17,577,626 | $2,077,422 | 11.8% | $270,065 |
August | $22,553,214 | $1,673,538 | 7.4% | $217,560 |
September | $41,002,257 | $3,992,930 | 9.7% | $519,081 |
October | $44,986,803 | $5,825,161 | 12.9% | $757,271 |
November | $54,770,449 | $3,018,845 | 5.5% | $392,450 |
December | $52,952,226 | $5,762,757 | 10.9% | $783,089 |
Arkansas 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $8,775,932 | $1,181,335 | 13.5% | $153,574 |
February | $5,876,444 | $359,103 | 6.1% | $61,390 |
March | $10,686,501 | $791,867 | 7.4% | $119,671 |
April | $8,598,226 | $749,810 | 8.7% | $120,297 |
May | $10,185,647 | $615,576 | 6.0% | $117,426 |
June | $12,632,207 | $4,045 | 0.0% | $12,598 |
July | $9,290,467 | $854,436 | 9.2% | $111,077 |
August | $10,195,911 | $1,015,339 | 10.0% | $131,994 |
September | $21,185,547 | $3,208,032 | 15.1% | $417,044 |
October | $26,879,107 | $2,793,719 | 10.4% | $363,183 |
November | $30,576,009 | $2,999,450 | 9.8% | $452,393 |
December | $30,936,485 | $3,409,972 | 11.0% | $449,690 |
Colorado Sports Betting Revenue
The Colorado sports betting scene is one of the most prolific in the nation (and that's especially true for all of the table tennis enthusiasts in the Centennial State). Strangely, Colorado has seen just four months with double-digit hold since the start of 2022, though two of them have come over the past six months of reporting (along with a 9.8% result in September).
Colorado Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $4,891,185,604 | $389,681,457 | 8.0% | $26,486,894 |
2023 | $5,560,232,285 | $391,773,823 | 7.0% | $22,251,879 |
2022 | $5,181,758,901 | $351,950,256 | 6.8% | $14,469,471 |
Colorado 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $596,685,968 | $53,490,323 | 9.0% | $4,128,369 |
February | $536,988,261 | $25,762,378 | 4.8% | $1,302,174 |
March | $593,094,977 | $45,041,776 | 7.6% | $2,852,592 |
April | $509,508,228 | $32,028,036 | 6.3% | $1,910,656 |
May | $447,561,934 | $44,991,355 | 10.1% | $3,206,326 |
June | $350,425,610 | $28,196,297 | 8.0% | $1,816,861 |
July | $320,396,841 | $32,548,659 | 10.2% | $2,369,730 |
August | $372,378,664 | $33,202,184 | 8.9% | $2,375,443 |
September | $562,923,090 | $55,092,144 | 9.8% | $4,049,802 |
October | $601,222,031 | $39,328,305 | 6.5% | $2,474,941 |
Colorado 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $547,189,025 | $35,482,562 | 6.5% | $2,586,457 |
February | $425,142,877 | $22,599,602 | 5.3% | $1,257,332 |
March | $494,440,210 | $45,935,669 | 9.3% | $3,103,024 |
April | $417,814,147 | $35,148,592 | 8.4% | $2,582,615 |
May | $385,242,136 | $31,406,903 | 8.2% | $2,218,084 |
June | $310,656,478 | $9,223,661 | 3.0% | $441,951 |
July | $281,110,490 | $24,962,106 | 8.9% | $1,778,773 |
August | $306,065,791 | $25,873,058 | 8.5% | $1,806,025 |
September | $512,792,794 | $45,276,517 | 8.8% | $3,126,136 |
October | $554,859,801 | $46,914,492 | 8.5% | $3,351,482 |
November | $608,488,266 | $28,585,606 | 4.7% | $1,489,224 |
December | $716,430,270 | $40,537,499 | 5.7% | $3,682,335 |
Colorado 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $573,720,213 | $34,640,219 | 6.0% | $1,447,952 |
February | $440,508,421 | $19,604,490 | 4.5% | $314,731 |
March | $505,611,080 | $28,238,194 | 5.6% | $1,313,076 |
April | $392,311,737 | $22,571,887 | 5.8% | $1,231,742 |
May | $360,325,438 | $27,119,329 | 7.5% | $1,659,189 |
June | $313,215,081 | $6,781,092 | 2.2% | $268,280 |
July | $258,414,808 | $20,802,881 | 8.1% | $1,092,182 |
August | $290,107,970 | $25,859,270 | 8.9% | $1,822,272 |
September | $450,232,597 | $51,339,659 | 11.4% | $2,989,342 |
October | $526,619,777 | $36,514,974 | 6.9% | $2,330,705 |
November | $552,603,013 | $37,569,022 | 6.8% | $2,581,533 |
December | $518,088,768 | $40,909,238 | 7.9% | $2,583,711 |
Connecticut Sports Betting Revenue
Just how bad were things for the sportsbooks in October 2024? Even Connecticut sports betting, which has consistently generated one of the strongest handle retention rates in the country, came in a whopping 2.6% below its hold rate for the year. And that's not good news for operators, who pay 13.75% on retail revenue and 18% on online earnings.
Connecticut Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $1,714,230,199 | $186,532,684 | 10.9% | $20,670,894 |
2023 | $1,763,017,692 | $182,249,354 | 10.3% | $15,550,842 |
2022 | $1,519,890,754 | $145,306,247 | 9.6% | $10,846,699 |
Connecticut 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $202,752,249 | $25,570,170 | 12.6% | $2,864,562 |
February | $162,841,632 | $14,820,348 | 9.1% | $1,598,679 |
March | $187,815,980 | $16,981,438 | 9.0% | $1,892,701 |
April | $154,109,876 | $19,105,482 | 12.4% | $2,133,325 |
May | $163,648,829 | $17,941,322 | 11.0% | $1,973,947 |
June | $148,557,056 | $15,626,345 | 10.5% | $1,695,681 |
July | $121,808,571 | $15,853,217 | 13.0% | $1,748,461 |
August | $129,150,001 | $14,514,077 | 11.2% | $1,577,559 |
September | $214,394,512 | $27,018,896 | 12.6% | $3,072,543 |
October | $229,151,493 | $19,101,389 | 8.3% | $2,113,436 |
Connecticut 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $167,673,044 | $19,610,098 | 11.7% | $1,919,290 |
February | $136,508,300 | $11,626,147 | 8.5% | $1,175,694 |
March | $159,997,579 | $17,029,646 | 10.6% | $1,855,821 |
April | $126,683,869 | $13,610,074 | 10.7% | $1,458,730 |
May | $109,421,369 | $15,271,178 | 14.0% | $1,645,394 |
June | $91,414,677 | $9,752,058 | 10.7% | $961,577 |
July | $91,512,897 | $11,126,316 | 12.2% | $1,215,313 |
August | $91,316,807 | $9,797,155 | 10.7% | $1,027,171 |
September | $180,954,956 | $18,900,892 | 10.4% | $2,048,710 |
October | $189,626,160 | $19,849,187 | 10.5% | $2,243,142 |
November | $205,736,989 | $12,862,839 | 6.3% | $1,416,233 |
December | $212,171,045 | $22,813,764 | 10.8% | $2,569,806 |
Connecticut 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $158,092,481 | $11,891,808 | 7.5% | $1,142,510 |
February | $115,619,953 | $5,844,220 | 5.1% | $501,516 |
March | $140,747,137 | $11,511,388 | 8.2% | $1,037,570 |
April | $116,465,199 | $10,353,842 | 8.9% | $988,263 |
May | $115,180,155 | $10,308,064 | 8.9% | $981,304 |
June | $95,421,852 | $7,142,610 | 7.5% | $669,453 |
July | $78,316,775 | $8,611,816 | 11.0% | $859,094 |
August | $80,037,045 | $10,882,317 | 13.6% | $1,153,125 |
September | $130,547,719 | $17,608,762 | 13.5% | $1,777,391 |
October | $164,170,106 | $17,012,667 | 10.4% | $1,736,473 |
November | $165,026,282 | $17,869,847 | 10.8% | $1,942,387 |
December | $160,266,050 | $16,268,906 | 10.2% | $1,736,006 |
DC Sports Betting Revenue
A little extra competition has had a big impact on the DC sports betting scene, between the replacement of GambetDC with the far superior FanDuel and the introduction of more sports betting options overall. But all those good vibes have come at a steep cost, with DC sportsbooks generating double-digit holds in nine of 10 months so far in 2024.
DC Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $327,981,545 | $40,671,813 | 12.4% | $13,363,101 |
2023 | $169,771,690 | $19,048,327 | 11.2% | $4,430,601 |
2022 | $216,232,122 | $23,209,854 | 10.7% | $4,936,791 |
DC 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $15,957,167 | $1,933,439 | 12.1% | $521,114 |
February | $11,977,394 | $1,219,280 | 10.2% | $313,660 |
March | $15,742,055 | $1,366,515 | 8.7% | $323,907 |
April | $26,649,703 | $3,529,186 | 13.2% | $1,392,454 |
May | $35,444,990 | $5,440,639 | 15.3% | $2,943,299 |
June | $29,627,133 | $3,993,069 | 13.5% | $2,172,561 |
July | $27,347,852 | $3,893,780 | 14.2% | $1,253,034 |
August | $40,583,711 | $4,542,229 | 11.2% | $1,050,503 |
September | $58,817,348 | $8,187,522 | 13.9% | $1,926,237 |
October | $65,834,192 | $6,566,154 | 10.0% | $1,466,332 |
DC 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $20,115,254 | $1,494,441 | 7.4% | $561,314 |
February | $14,634,828 | $1,193,982 | 8.2% | $424,025 |
March | $18,091,768 | $2,275,690 | 12.6% | $636,507 |
April | $14,052,054 | $1,418,907 | 10.1% | $486,723 |
May | $12,532,899 | $2,024,803 | 16.2% | $540,339 |
June | $11,150,333 | $484,844 | 4.3% | $120,020 |
July | $7,722,843 | $1,409,549 | 18.3% | $363,715 |
August | $8,111,021 | $1,048,451 | 12.9% | $304,768 |
September | $14,480,473 | $1,934,261 | 13.4% | $476,272 |
October | $16,435,889 | $2,001,445 | 12.2% | $516,918 |
November | $17,128,831 | $1,227,995 | 7.2% | $345,792 |
December | $15,315,497 | $2,533,959 | 16.5% | $651,735 |
DC 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $18,627,789 | $1,962,256 | 10.5% | $648,862 |
February | $19,072,856 | $740,542 | 3.9% | $283,248 |
March | $20,432,718 | $1,365,996 | 6.7% | $379,705 |
April | $18,379,904 | $1,431,275 | 7.8% | $429,384 |
May | $17,234,140 | $2,016,709 | 11.7% | $545,785 |
June | $13,760,754 | $999,645 | 7.3% | $311,166 |
July | $11,346,178 | $1,166,210 | 10.3% | $333,989 |
August | $13,147,645 | $1,832,685 | 13.9% | $448,312 |
September | $19,361,047 | $3,530,497 | 18.2% | $847,067 |
October | $24,801,500 | $3,111,718 | 12.5% | $709,273 |
November | $21,401,682 | $2,641,693 | 12.3% | $664,840 |
December | $18,665,909 | $2,410,628 | 12.9% | $619,230 |
Delaware Sports Betting Revenue
The coffers in The First State are positively brimming thanks to a 50% tax rate levied on BetRivers, the lone Delaware sports betting operator. That has prompted BetRivers to tighten the odds considerably on most of its betting markets, resulting in hold rates north of 16.5% in both 2022 and 2023 (though that has come down significantly so far in 2024).
Delaware Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $161,404,902 | $13,320,209 | 8.3% | $7,777,201 |
2023 | $65,326,807 | $10,896,745 | 16.7% | $6,069,075 |
2022 | $82,432,393 | $13,990,499 | 17.0% | $7,909,575 |
Delaware 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $17,085,199 | $1,957,473 | 11.5% | $1,306,854 |
February | $13,763,241 | $659,017 | 4.8% | $283,002 |
March | $18,935,525 | $1,168,825 | 6.2% | $639,169 |
April | $15,522,996 | $1,147,601 | 7.4% | $641,491 |
May | $15,107,592 | $1,201,087 | 8.0% | $644,012 |
June | $13,058,698 | $906,777 | 6.9% | $502,258 |
July | $9,927,116 | $1,214,849 | 12.2% | $679,409 |
August | $10,259,279 | $797,507 | 7.8% | $433,720 |
September | $23,242,735 | $3,232,416 | 13.9% | $2,213,505 |
October | $24,502,521 | $1,034,657 | 4.2% | $433,781 |
Delaware 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $8,457,660 | $1,714,167 | 20.3% | $1,441,653 |
February | $4,120,957 | $347,890 | 8.4% | $190,355 |
March | $3,491,183 | $622,285 | 17.8% | $325,556 |
April | $3,450,142 | $757,951 | 22.0% | $239,884 |
May | $2,760,829 | $276,116 | 10.0% | $159,433 |
June | $3,128,258 | $80,201 | 2.6% | $45,282 |
July | $2,256,345 | $311,152 | 13.8% | $203,984 |
August | $2,400,532 | $340,209 | 14.2% | $229,649 |
September | $7,633,259 | $991,828 | 13.0% | $865,047 |
October | $10,663,362 | $2,706,248 | 25.4% | $2,368,232 |
November | $8,126,283 | $600,906 | 7.4% | $509,072 |
December | $8,837,999 | $2,147,792 | 24.3% | $1,859,356 |
Delaware 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $12,637,103 | $2,716,347 | 21.5% | $1,989,974 |
February | $5,436,407 | $74,297 | 1.4% | $15,012 |
March | $5,157,583 | $631,099 | 12.2% | $331,496 |
April | $4,200,298 | $358,171 | 8.5% | $188,322 |
May | $5,127,275 | $565,508 | 11.0% | $296,948 |
June | $3,507,846 | $242,316 | 6.9% | $127,482 |
July | $2,678,686 | $438,069 | 16.4% | $229,305 |
August | $2,902,652 | $399,945 | 13.8% | $226,701 |
September | $8,908,981 | $2,915,961 | 32.7% | $2,419,632 |
October | $13,545,163 | $2,597,717 | 19.2% | $2,084,703 |
November | $10,172,819 | $1,622,874 | 16.0% | $1,270,575 |
December | $8,157,580 | $1,428,195 | 17.5% | $1,196,569 |
Illinois Sports Betting Revenue
Illinois joined the Billion Dollar Club for monthly handle in October 2022 and hasn't looked back, recording 16 billion-dollar months as of September 2024. Illinois sports betting features eight prominent betting sites – and they're about to pay a lot more in tax, with Gov. Pritzker green-lighting a hike that will see top operators pay up to 40% of gross gaming revenue.
Illinois Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $9,547,072,458 | $864,869,140 | 9.1% | $165,322,134 |
2023 | $11,620,474,009 | $1,009,342,552 | 8.7% | $128,816,132 |
2022 | $9,751,301,251 | $806,195,859 | 8.3% | $98,900,467 |
Illinois 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,286,243,926 | $129,511,642 | 10.1% | $21,642,278 |
February | $1,070,625,059 | $77,162,218 | 7.2% | $13,452,317 |
March | $1,264,532,904 | $103,814,124 | 8.2% | $16,006,617 |
April | $1,103,531,944 | $88,204,662 | 8.0% | $14,729,668 |
May | $1,016,698,918 | $102,530,449 | 10.1% | $16,218,547 |
June | $847,966,974 | $81,322,996 | 9.6% | $15,341,233 |
July | $773,703,869 | $76,250,616 | 9.9% | $15,002,646 |
August | $877,957,911 | $71,288,768 | 8.1% | $14,274,080 |
September | $1,305,810,953 | $134,783,665 | 10.3% | $38,654,748 |
Illinois 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,070,033,292 | $88,552,064 | 8.3% | $15,410,653 |
February | $875,387,789 | $63,297,910 | 7.2% | $10,967,295 |
March | $1,072,701,361 | $107,423,414 | 10.0% | $15,650,984 |
April | $898,571,938 | $81,311,927 | 9.0% | $14,429,201 |
May | $821,715,719 | $91,579,820 | 11.1% | $14,348,947 |
June | $665,770,747 | $52,288,208 | 7.9% | $8,862,040 |
July | $611,372,472 | $61,897,923 | 10.1% | $9,686,791 |
August | $676,065,425 | $58,823,721 | 8.7% | $7,549,895 |
September | $1,078,339,446 | $99,829,998 | 9.3% | $13,855,307 |
October | $1,161,060,707 | $104,679,506 | 9.0% | $18,055,019 |
November | $1,375,398,292 | $73,297,758 | 5.3% | $11,666,914 |
December | $1,314,056,821 | $126,360,303 | 9.6% | $20,517,094 |
Illinois 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $867,505,495 | $59,343,378 | 6.8% | $10,687,455 |
February | $679,374,199 | $31,074,381 | 4.6% | $5,720,366 |
March | $971,278,389 | $79,421,037 | 8.2% | $9,758,140 |
April | $839,386,882 | $68,234,791 | 8.1% | $11,321,487 |
May | $764,591,757 | $65,214,388 | 8.5% | $10,838,258 |
June | $628,459,522 | $40,981,475 | 6.5% | $6,576,948 |
July | $516,414,719 | $43,849,539 | 8.5% | $7,392,918 |
August | $564,837,409 | $64,628,599 | 11.4% | $7,694,847 |
September | $831,805,990 | $83,533,801 | 10.0% | $12,559,685 |
October | $1,029,560,184 | $91,569,752 | 8.9% | $16,350,363 |
November | $1,029,615,448 | $96,937,248 | 9.4% | $15,581,846 |
December | $1,028,471,257 | $81,407,470 | 7.9% | $13,186,151 |
Indiana Sports Betting Revenue
Indiana sports betting is enjoying a welcome boon in 2024. The Indiana Pacers' dramatic improvement and the arrival of Caitlin Clark as the WNBA's Next Big Thing have provided a nice jolt in the arm to one of the country's biggest basketball hotbeds. Operators in Indiana pay a reasonable 9.5% tax on both retail and online revenue.
Indiana Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $4,034,345,645 | $386,393,155 | 9.6% | $36,738,905 |
2023 | $4,337,817,508 | $404,363,766 | 9.3% | $30,687,089 |
2022 | $4,467,882,215 | $386,888,311 | 8.7% | $28,941,750 |
Indiana 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $480,573,358 | $53,506,698 | 11.1% | $5,079,594 |
February | $408,675,534 | $37,601,071 | 9.2% | $3,608,431 |
March | $500,757,257 | $37,899,471 | 7.6% | $3,744,875 |
April | $393,855,317 | $39,077,679 | 9.9% | $3,523,226 |
May | $361,590,148 | $38,695,260 | 10.7% | $3,703,601 |
June | $298,166,251 | $30,442,289 | 10.2% | $2,897,586 |
July | $261,071,808 | $29,415,902 | 11.3% | $2,759,651 |
August | $307,902,881 | $29,418,190 | 9.6% | $3,047,576 |
September | $483,843,656 | $55,254,534 | 11.4% | $5,034,784 |
October | $537,909,435 | $35,082,061 | 6.5% | $3,339,581 |
Indiana 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $427,154,794 | $35,347,154 | 8.3% | $3,463,540 |
Februar | $356,187,759 | $28,076,424 | 7.9% | $2,629,963 |
March | $433,022,775 | $43,746,469 | 10.1% | $4,097,409 |
April | $321,404,737 | $29,349,149 | 9.1% | $2,794,279 |
May | $283,495,510 | $33,542,239 | 11.8% | $3,208,916 |
June | $224,070,050 | $19,036,099 | 8.5% | $1,848,269 |
July | $203,788,074 | $23,420,740 | 11.5% | $2,209,488 |
August | $238,079,855 | $23,633,486 | 9.9% | $2,236,234 |
September | $404,140,702 | $40,624,361 | 10.1% | $3,901,903 |
October | $429,673,063 | $46,135,347 | 10.7% | $4,297,088 |
November | $513,672,424 | $26,848,975 | 5.2% | $2,919,257 |
December | $503,127,765 | $54,603,323 | 10.9% | $4,810,719 |
Indiana 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $500,138,648 | $29,278,177 | 5.9% | $3,379,560 |
February | $409,109,104 | $22,396,131 | 5.5% | $1,611,037 |
March | $476,802,783 | $32,788,454 | 6.9% | $3,095,106 |
April | $360,023,255 | $27,634,092 | 7.7% | $2,722,456 |
May | $308,385,687 | $31,951,466 | 10.4% | $2,912,607 |
June | $256,307,260 | $15,653,583 | 6.1% | $1,497,766 |
July | $206,627,688 | $20,510,071 | 9.9% | $1,985,587 |
August | $237,990,176 | $25,978,248 | 10.9% | $2,417,586 |
September | $382,507,090 | $50,551,749 | 13.2% | $4,861,450 |
October | $446,248,394 | $46,393,925 | 10.4% | $4,458,595 |
November | $452,318,954 | $40,197,276 | 8.9% | $3,797,331 |
December | $431,423,176 | $43,555,139 | 10.1% | $4,058,864 |
Iowa Sports Betting Revenue
Iowa sports betting is looking vibrant, and has started to bounce back to 2022 levels based on the most recent 2024 results (including a huge result in October, representing the second-strongest month in state history). Iowa's 17 (!) betting sites are beyond the days of 4% handle, and are fortunate that they're only subject to a 6.75% tax rate on revenue.
Iowa Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $2,161,995,033 | $175,126,337 | 8.1% | $11,838,091 |
2023 | $2,420,464,385 | $198,810,523 | 8.2% | $10,705,962 |
2022 | $2,348,065,964 | $165,551,990 | 7.1% | $9,382,783 |
Iowa 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $259,468,795 | $22,064,697 | 8.5% | $1,487,626 |
February | $220,583,732 | $13,608,943 | 6.2% | $920,400 |
March | $272,366,214 | $18,194,914 | 6.7% | $1,235,155 |
April | $209,522,911 | $16,527,342 | 7.9% | $1,120,126 |
May | $182,461,326 | $16,697,596 | 9.2% | $1,130,475 |
June | $146,682,918 | $12,494,103 | 8.5% | $845,443 |
July | $138,136,616 | $13,880,200 | 10.0% | $936,914 |
August | $166,987,544 | $15,755,187 | 9.4% | $1,063,475 |
September | $270,853,308 | $27,459,491 | 10.1% | $1,853,516 |
October | $294,931,669 | $18,443,864 | 6.3% | $1,244,961 |
Iowa 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $233,619,612 | $16,543,361 | 7.1% | $1,116,677 |
February | $193,879,638 | $11,871,156 | 6.1% | $802,488 |
March | $232,614,150 | $19,857,210 | 8.5% | $1,340,355 |
April | $172,589,394 | $14,117,868 | 8.2% | $953,605 |
May | $147,715,126 | $16,599,871 | 11.2% | $1,122,711 |
June | $115,595,593 | $7,131,173 | 6.2% | $482,852 |
July | $109,680,895 | $10,568,989 | 9.6% | $715,638 |
August | $141,295,039 | $13,507,280 | 9.6% | $913,527 |
September | $245,759,020 | $24,059,083 | 9.8% | $1,625,305 |
October | $255,293,522 | $24,189,825 | 9.5% | $1,632,804 |
November | $289,698,466 | $14,113,494 | 4.9% | $954,073 |
December | $282,723,930 | $26,251,213 | 9.3% | $1,774,335 |
Iowa 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $303,327,688 | $14,269,557 | 4.7% | $963,195 |
February | $215,921,313 | $8,579,100 | 4.0% | $579,089 |
March | $233,525,474 | $14,411,046 | 6.2% | $972,746 |
April | $177,370,317 | $12,398,243 | 7.0% | $836,881 |
May | $147,913,284 | $12,630,387 | 8.5% | $852,551 |
June | $122,437,950 | $6,568,678 | 5.4% | $443,386 |
July | $108,556,796 | $11,173,191 | 10.3% | $754,190 |
August | $122,568,313 | $14,418,923 | 11.8% | $973,277 |
September | $200,230,741 | $25,417,557 | 12.7% | $1,715,685 |
October | $238,788,234 | $19,137,523 | 8.0% | $1,291,783 |
November | $247,476,284 | $5,802,261 | 2.3% | $391,653 |
December | $229,949,570 | $20,745,524 | 9.0% | $1,400,323 |
Kansas Sports Betting Revenue
You can add Kansas sports betting to the list of legal jurisdictions that saw big action but tiny profits in October. The state established a new single-month record for handle but was also hit with its third-lowest handle ever – resulting in a tax figure that ranks second-lowest of any month so far in 2024.
Kansas Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $1,993,763,520 | $166,781,949 | 8.4% | $9,313,985 |
2023 | $2,121,564,412 | $182,415,461 | 8.6% | $7,138,242 |
2022 | $718,777,570 | $76,505,901 | 10.6% | $2,092,630 |
Kansas 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $239,618,587 | $20,864,472 | 8.7% | $1,433,272 |
February | $203,046,644 | $8,463,732 | 4.2% | $305,494 |
March | $252,901,770 | $16,760,995 | 6.6% | $714,697 |
April | $192,085,924 | $17,890,802 | 9.3% | $1,040,396 |
May | $172,204,880 | $17,210,244 | 10.0% | $976,764 |
June | $140,102,333 | $14,518,082 | 10.4% | $936,385 |
July | $122,040,797 | $13,443,364 | 11.0% | $919,947 |
August | $146,975,336 | $10,581,830 | 7.2% | $657,288 |
September | $248,870,846 | $34,077,993 | 13.7% | $1,831,387 |
October | $275,916,403 | $12,970,435 | 4.7% | $498,355 |
Kansas 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $206,060,734 | $15,105,189 | 7.3% | $598,745 |
February | $194,034,469 | -$845,377 | -0.4% | $1,134 |
March | $206,287,094 | $20,975,191 | 10.2% | $911,159 |
April | $132,981,289 | $14,636,899 | 11.0% | $919,720 |
May | $120,323,444 | $14,550,824 | 12.1% | $887,390 |
June | $98,125,865 | $8,195,048 | 8.4% | $409,425 |
July | $79,715,016 | $9,644,263 | 12.1% | $683,176 |
August | $94,415,479 | $7,662,828 | 8.1% | $484,366 |
September | $219,293,493 | $18,155,498 | 8.3% | $806,097 |
October | $249,711,810 | $25,404,712 | 10.2% | $1,437,030 |
November | $260,937,284 | $18,017,353 | 6.9% | $892,968 |
December | $259,678,435 | $30,913,033 | 11.9% | $2,005,261 |
Kansas 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
September | $160,527,371 | $22,014,698 | 13.7% | $129,618 |
October | $189,919,311 | $18,582,842 | 9.8% | $141,088 |
November | $186,353,708 | $19,073,128 | 10.2% | $795,784 |
December | $181,977,180 | $16,835,233 | 9.3% | $1,026,140 |
Kentucky Sports Betting Revenue
Kentucky sports betting is still in its infancy, but you wouldn't know it from the numbers we're seeing come out of The Bluegrass State. Kentucky needed just 4+ months to break the billion-dollar barrier in overall betting handle, and sportsbooks earned a whopping $138.2 million in gross revenue in the first six months of 2024 thanks to an 11.3% hold rate.
Kentucky Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $2,029,196,478 | $221,147,429 | 10.9% | $30,646,150 |
2023 | $885,464,503 | $111,744,248 | 12.6% | $15,490,065 |
Kentucky 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $245,604,391 | $35,967,751 | 14.6% | $4,992,513 |
February | $199,449,415 | $19,491,642 | 9.8% | $2,703,511 |
March | $256,246,092 | $22,107,013 | 8.6% | $3,036,740 |
April | $187,913,248 | $23,299,806 | 12.4% | $3,232,441 |
May | $181,351,570 | $21,603,055 | 11.9% | $2,985,052 |
June | $150,313,715 | $15,766,956 | 10.5% | $2,169,707 |
July | $129,270,001 | $15,431,176 | 11.9% | $2,134,875 |
August | $151,409,420 | $12,143,827 | 8.0% | $1,666,257 |
September | $254,420,884 | $34,129,042 | 13.4% | $4,736,707 |
October | $273,217,742 | $21,207,161 | 7.8% | $2,988,347 |
Kentucky 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
September | $45,519,529 | $2,672,336 | 5.9% | $321,966 |
October | $295,088,668 | $54,341,931 | 18.4% | $7,616,625 |
November | $281,189,728 | $22,448,055 | 8.0% | $3,088,163 |
December | $263,666,578 | $32,281,926 | 12.2% | $4,463,311 |
Louisiana Sports Betting Revenue
Not even a terrible October for sportsbooks nationwide could keep Louisiana sports betting from extending its streak of months with double-digit holds to 13. Operators captured a 12.6% hold in 2023 and are pacing to exceed that rate so far in 2024; retail establishments are taxed at a 10% rate, while online sports betting sites pay a 15% tax on revenue.
Louisiana Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $2,895,463,684 | $373,787,946 | 12.9% | $50,446,724 |
2023 | $2,905,138,040 | $367,300,923 | 12.6% | $32,630,811 |
2022 | $2,302,509,284 | $215,680,964 | 9.4% | $25,596,095 |
Louisiana 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $346,320,907 | $52,679,515 | 15.2% | $5,681,508 |
February | $274,775,955 | $31,137,549 | 11.3% | $3,765,778 |
March | $350,006,557 | $37,682,135 | 10.8% | $4,910,457 |
April | $283,059,884 | $40,347,029 | 14.3% | $5,387,113 |
May | $256,659,997 | $34,693,005 | 13.5% | $5,767,757 |
June | $212,056,544 | $27,197,149 | 12.8% | $3,850,037 |
July | $184,543,537 | $25,022,373 | 13.6% | $3,511,412 |
August | $234,512,847 | $27,049,506 | 11.5% | $3,698,568 |
September | $351,679,502 | $55,191,433 | 15.7% | $7,642,906 |
October | $401,847,954 | $42,788,252 | 10.6% | $6,231,188 |
Louisiana 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $282,269,901 | $35,725,850 | 12.7% | $3,330,035 |
February | $197,709,561 | $23,295,088 | 11.8% | $2,554,375 |
March | $249,280,628 | $32,319,508 | 13.0% | $3,590,725 |
April | $209,746,932 | $23,414,940 | 11.2% | $2,945,211 |
May | $195,123,855 | $29,860,212 | 15.3% | $3,579,595 |
June | $160,083,233 | $13,981,060 | 8.7% | $1,697,439 |
July | $134,757,491 | $18,282,477 | 13.6% | $2,185,154 |
August | $153,933,704 | $18,137,683 | 11.8% | $2,109,829 |
September | $280,093,549 | $43,143,474 | 15.4% | $5,318,554 |
October | $308,613,008 | $43,338,752 | 14.0% | $5,319,894 |
November | $356,479,622 | $29,290,043 | 8.2% | $3,245,327 |
December | $377,046,556 | $56,511,836 | 15.0% | $7,590,704 |
Louisiana 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $89,757,060 | $7,992,540 | 8.9% | $533,259 |
February | $238,413,596 | $27,316,419 | 11.5% | $2,421,541 |
March | $232,730,341 | $30,943,063 | 13.3% | $3,413,595 |
April | $208,255,060 | $6,140,843 | 2.9% | $2,573,658 |
May | $171,135,819 | $25,691,302 | 15.0% | $2,663,220 |
June | $132,438,215 | $10,891,261 | 8.2% | $1,424,413 |
July | $118,522,225 | $20,980,159 | 17.7% | $2,442,246 |
August | $128,251,857 | $9,587,258 | 7.5% | $1,775,179 |
September | $203,807,226 | $33,390,478 | 16.4% | $4,040,335 |
October | $255,805,485 | $30,774,673 | 12.0% | $4,308,649 |
November | $268,638,967 | -$25,318,031 | -9.4% | $4,244,196 |
December | $254,753,433 | $37,290,999 | 14.6% | $4,365,471 |
Maine Sports Betting Revenue
Maine sports betting continues to gather momentum, putting up its first consecutive $50 million months to kick off the NFL season. And while the October handle was a significant reduction from the September figure, Maine fared better than the majority of other legal sports betting states in that regard.
Maine Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $416,515,054 | $41,603,847 | 10.0% | $4,331,974 |
2023 | $81,822,435 | $8,940,687 | 10.9% | $902,035 |
Maine 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $38,010,991 | $5,430,666 | 14.3% | $546,149 |
February | $33,610,150 | $4,220,952 | 12.6% | $425,602 |
March | $47,407,405 | $2,672,964 | 5.6% | $270,607 |
April | $38,203,545 | $4,063,250 | 10.6% | $414,356 |
May | $39,649,761 | $3,174,572 | 8.0% | $331,278 |
June | $39,123,547 | $3,137,935 | 8.0% | $342,513 |
July | $41,909,343 | $5,283,156 | 12.6% | $603,284 |
August | $35,342,087 | $3,364,627 | 9.5% | $355,576 |
September | $51,376,494 | $6,483,745 | 12.6% | $664,355 |
October | $51,881,731 | $3,771,980 | 7.3% | $378,254 |
Maine 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
November | $37,467,976 | $4,586,743 | 12.2% | $464,151 |
December | $44,354,459 | $4,353,944 | 9.8% | $437,884 |
Maryland Sports Betting Revenue
Proximity to other heavy-hitting legal states hasn't hurt Maryland sports betting one bit. The Mid-Atlantic gem generated more than $4.6 billion in handle in 2023, and is pacing to cruise past that number in 2024. A dozen operators toil in Maryland; they pay 15% tax on revenue.
Maryland Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $4,663,418,202 | $507,753,391 | 10.9% | $63,985,251 |
2023 | $4,617,323,134 | $514,081,188 | 11.1% | $36,483,974 |
2022 | $979,584,836 | $149,480,586 | 15.3% | $4,955,733 |
Maryland 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $544,971,369 | $80,000,652 | 14.7% | $8,246,847 |
February | $442,557,658 | $43,445,464 | 9.8% | $4,210,511 |
March | $536,730,427 | $45,104,096 | 8.4% | $4,853,985 |
April | $486,319,124 | $50,420,705 | 10.4% | $5,686,446 |
May | $431,528,137 | $51,065,131 | 11.8% | $6,991,255 |
June | $384,687,982 | $39,668,882 | 10.3% | $5,728,503 |
July | $333,269,669 | $43,764,980 | 13.1% | $6,254,056 |
August | $377,381,689 | $39,249,994 | 10.4% | $5,584,303 |
September | $532,866,676 | $65,431,800 | 12.3% | $9,379,598 |
October | $593,105,471 | $49,601,687 | 8.4% | $7,049,747 |
Maryland 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $441,481,779 | $59,601,405 | 13.5% | $2,114,613 |
February | $339,421,546 | $40,214,644 | 11.8% | $2,796,880 |
March | $385,967,195 | $47,548,313 | 12.3% | $5,310,057 |
April | $328,454,397 | $35,644,586 | 10.9% | $3,864,686 |
May | $320,199,671 | $42,742,217 | 13.3% | $4,650,711 |
June | $254,476,790 | $27,077,118 | 10.6% | $2,835,051 |
July | $247,412,348 | $28,114,521 | 11.4% | $3,312,633 |
August | $263,729,559 | $24,900,637 | 9.4% | $2,555,671 |
September | $442,450,666 | $45,575,923 | 10.3% | $3,231,427 |
October | $483,147,391 | $58,701,910 | 12.1% | $5,812,245 |
November | $550,716,329 | $41,628,982 | 7.6% | $3,199,529 |
December | $559,865,463 | $62,330,932 | 11.1% | $6,482,403 |
Maryland 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $32,530,831 | $4,375,316 | 13.4% | $644,098 |
February | $25,526,148 | $955,377 | 3.7% | $134,628 |
March | $31,025,892 | $3,927,573 | 12.7% | $577,019 |
April | $26,908,845 | $2,838,501 | 10.5% | $415,801 |
May | $23,095,542 | $3,077,031 | 13.3% | $452,897 |
June | $19,121,331 | $1,309,834 | 6.9% | $189,323 |
July | $15,492,757 | $2,026,548 | 13.1% | $298,177 |
August | $18,650,802 | $3,231,851 | 17.3% | $477,840 |
September | $31,376,072 | $6,639,776 | 21.2% | $984,308 |
October | $39,663,586 | $5,309,436 | 13.4% | $781,642 |
November | $219,071,374 | $30,620,539 | 14.0% | $704,728 |
December | $497,121,656 | $85,168,804 | 17.1% | $440,043 |
Massachusetts Sports Betting Revenue
September 2024 was a month of milestones for Massachusetts sports betting. Not only did it surpass the $5 billion mark in handle for the year (surpassing all of 2023 in the process), it also reached the $10 billion mark all-time. And an 11.1% hold rate for the month drove the state's total tax take past the $150 million barrier, as well.
Massachusetts Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $5,840,597,513 | $529,424,963 | 9.1% | $102,649,929 |
2023 | $4,989,588,998 | $483,524,736 | 9.7% | $71,959,208 |
Massachusetts 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $650,279,922 | $72,718,241 | 11.2% | $14,165,773 |
February | $538,839,465 | $53,860,586 | 10.0% | $10,514,991 |
March | $658,740,415 | $47,840,148 | 7.3% | $9,208,586 |
April | $601,732,077 | $51,131,274 | 8.5% | $9,918,583 |
May | $587,433,477 | $59,025,991 | 10.0% | $11,485,181 |
June | $505,365,090 | $42,440,977 | 8.4% | $8,235,270 |
July | $414,278,424 | $42,232,314 | 10.2% | $8,180,118 |
August | $453,064,946 | $34,491,160 | 7.6% | $6,646,501 |
September | $679,118,731 | $75,354,989 | 11.1% | $14,632,218 |
October | $751,665,344 | $50,321,644 | 6.7% | $9,659,885 |
Massachusetts 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $642,630 | $65,076 | 10.1% | $9,712 |
February | $24,979,240 | $1,486,743 | 6.0% | $212,125 |
March | $584,520,728 | $48,321,254 | 8.3% | $9,345,767 |
April | $574,829,883 | $60,509,931 | 10.5% | $11,799,200 |
May | $457,140,440 | $62,096,790 | 13.6% | $12,092,020 |
June | $332,312,764 | $32,918,844 | 9.9% | $6,409,217 |
July | $296,640,882 | $30,132,704 | 10.2% | $5,842,074 |
August | $320,736,344 | $23,533,469 | 7.3% | $4,532,848 |
September | $519,792,909 | $51,033,638 | 9.8% | $9,898,638 |
October | $567,157,528 | $60,716,300 | 10.7% | $11,817,607 |
November | $654,856,914 | $50,548,069 | 7.7% | $9,770,276 |
December | $655,978,736 | $62,161,918 | 9.5% | $12,045,361 |
Michigan Sports Betting Revenue
Michigan continues to be one of the most consistent states in the country when it comes to handle, gross revenue and tax proceedings. Michigan sports betting ranks 10th among all legal states in total handle, having generated well over $17.9 billion since introducing sports wagering. The state's betting sites each pay an 8.4% tax rate on revenue.
Michigan Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $4,222,290,744 | $389,620,687 | 9.2% | $18,285,477 |
2023 | $4,810,903,876 | $434,438,031 | 9.0% | $18,394,340 |
2022 | $4,814,088,970 | $102,861,549 | 8.7% | $16,812,652 |
Michigan 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $601,585,142 | $48,197,778 | 8.0% | $2,026,498 |
February | $415,816,758 | $30,361,417 | 7.3% | $1,289,879 |
March | $497,622,752 | $43,534,858 | 8.7% | $2,466,112 |
April | $414,426,339 | $43,437,160 | 10.5% | $2,616,238 |
May | $354,836,011 | $42,766,351 | 12.1% | $2,597,165 |
June | $285,170,266 | $31,802,442 | 11.2% | $1,598,793 |
July | $256,764,457 | $29,041,633 | 11.3% | $1,449,451 |
August | $289,680,651 | $29,053,190 | 10.0% | $1,303,865 |
September | $523,776,650 | $59,216,535 | 11.3% | $2,029,809 |
October | $582,611,718 | $32,209,323 | 5.5% | $907,667 |
Michigan 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $490,904,822 | $33,785,629 | 6.9% | $1,727,227 |
February | $357,161,200 | $23,134,728 | 6.5% | $959,332 |
March | $421,666,037 | $46,016,812 | 10.9% | $2,900,149 |
April | $338,127,853 | $36,275,215 | 10.7% | $2,403,415 |
May | $305,275,755 | $36,125,966 | 11.8% | $2,152,149 |
June | $235,996,767 | $17,928,415 | 7.6% | $858,495 |
July | $208,808,123 | $22,985,461 | 11.0% | $1,529,187 |
August | $228,495,763 | $23,480,419 | 10.3% | $1,472,826 |
September | $475,772,391 | $45,606,094 | 9.6% | $1,853,777 |
October | $551,127,024 | $46,135,708 | 8.4% | $2,537,783 |
November | $584,142,443 | $37,043,266 | 6.3% | $1,180,415 |
December | $613,425,699 | $65,920,318 | 10.7% | $4,021,700 |
Michigan 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $532,681,710 | $36,647,758 | 6.9% | $2,135,046 |
February | $423,768,381 | $21,633,471 | 5.1% | $581,548 |
March | $477,967,947 | $32,445,133 | 6.8% | $1,466,772 |
April | $396,009,819 | $32,630,491 | 8.2% | $1,696,097 |
May | $356,130,390 | $35,920,231 | 10.1% | $1,992,223 |
June | $292,389,429 | $15,826,610 | 5.4% | $569,834 |
July | $224,966,256 | $22,874,582 | 10.2% | $1,307,287 |
August | $229,797,476 | $25,654,849 | 11.2% | $1,490,223 |
September | $383,102,602 | $50,442,748 | 13.2% | $2,601,351 |
October | $504,336,507 | $51,362,299 | 10.2% | $2,972,271 |
November | $498,118,043 | $42,758,230 | 8.6% | $2,494,635 |
December | $494,820,409 | $50,450,735 | 10.2% | $2,827,280 |
Mississippi Sports Betting Revenue
Mississippi sports betting continues on a disappointing trajectory relative to previous years' performance. Not only did the state see a reduction in handle from September to October, but it also saw its streak of months with double-digit holds broken at four thanks to its lowest hold rate since November 2023.
Mississippi Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $350,676,363 | $32,870,952 | 9.4% | $3,944,514 |
2023 | $474,275,129 | $51,224,141 | 10.8% | $5,188,118 |
2022 | $531,585,628 | $60,739,616 | 11.4% | $5,322,558 |
Mississippi 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $57,223,251 | $5,117,380 | 8.9% | $614,086 |
February | $31,374,402 | $2,297,096 | 7.3% | $275,652 |
March | $44,536,548 | $3,362,903 | 7.6% | $403,548 |
April | $34,259,933 | $3,123,104 | 9.1% | $374,772 |
May | $27,005,663 | $2,058,986 | 7.6% | $247,078 |
June | $19,373,328 | $1,942,407 | 10.0% | $233,089 |
July | $13,919,354 | $1,876,206 | 13.5% | $225,145 |
August | $22,634,557 | $3,184,653 | 14.1% | $382,158 |
September | $51,767,998 | $7,043,852 | 13.6% | $845,262 |
October | $48,581,329 | $2,864,365 | 5.9% | $343,724 |
Mississippi 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $57,223,251 | $5,117,380 | 8.9% | $614,086 |
February | $39,807,504 | $3,143,541 | 7.9% | $377,225 |
March | $46,689,392 | $4,953,171 | 10.6% | $594,381 |
April | $31,805,004 | $4,347,138 | 13.7% | $521,657 |
May | $26,761,691 | $3,180,953 | 11.9% | $381,714 |
June | $20,414,902 | $1,848,676 | 9.1% | $221,841 |
July | $17,728,739 | $2,463,671 | 13.9% | $295,641 |
August | $21,392,231 | $2,691,244 | 12.6% | $322,949 |
September | $51,647,915 | $8,144,028 | 15.8% | $977,283 |
October | $49,503,679 | $7,344,506 | 14.8% | $881,341 |
November | $62,412,735 | $3,103,061 | 5.0% | $372,367 |
December | $48,888,089 | $4,886,771 | 10.0% | $586,413 |
Mississippi 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $66,523,295 | $6,521,389 | 9.8% | $782,567 |
February | $40,871,618 | $1,887,995 | 4.6% | $226,559 |
March | $47,523,073 | $3,965,723 | 8.3% | $475,887 |
April | $35,503,585 | $4,209,290 | 11.9% | $505,115 |
May | $29,233,786 | $4,006,359 | 13.7% | $480,763 |
June | $25,096,238 | $2,082,091 | 8.3% | $249,851 |
July | $18,296,341 | $2,527,212 | 13.8% | $303,265 |
August | $21,234,898 | $2,687,465 | 12.7% | $322,496 |
September | $43,139,311 | $8,779,943 | 20.4% | $1,053,593 |
October | $56,199,189 | $7,687,183 | 13.7% | $922,462 |
November | $73,605,361 | $5,087,585 | 6.9% | $610,510 |
December | $74,358,933 | $11,297,381 | 15.2% | $1,355,686 |
Montana Sports Betting Revenue
Score one for the residents of Big Sky Country. Montana sports bettors took sportsbooks to the proverbial cleaners in October, leading to a negative hold and completely reversing the previous three months worth of tax revenue in the process. Operators are taxed at 8.5% on gross revenue.
Montana Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $52,486,309 | $5,429,255 | 10.3% | $108,375 |
2023 | $62,258,820 | $8,446,611 | 13.6% | $1,087,962 |
2022 | $50,918,515 | $7,173,449 | 14.1% | $1,003,827 |
Montana 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $5,863,499 | $852,106 | 14.5% | $159,454 |
February | $4,702,532 | $253,229 | 5.4% | -$130,215 |
March | $6,588,001 | $500,562 | 7.6% | -$94,943 |
April | $5,486,090 | $644,653 | 11.8% | $57,626 |
May | $4,865,206 | $599,685 | 12.3% | $67,899 |
June | $3,880,623 | $427,612 | 11.0% | $23,730 |
July | $2,947,631 | $567,829 | 19.3% | $163,840 |
August | $3,782,754 | $717,347 | 19.0% | $203,443 |
September | $6,779,010 | $893,171 | 13.2% | $129,162 |
October | $7,590,963 | -$26,939 | -0.4% | -$471,621 |
Montana 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $7,139,581 | $979,495 | 13.7% | $159,322 |
February | $4,366,807 | $560,668 | 12.8% | $74,392 |
March | $5,784,045 | $925,542 | 16.0% | $208,283 |
April | $5,201,964 | $633,005 | 12.2% | $67,685 |
May | $4,457,829 | $666,686 | 15.0% | $132,542 |
June | $3,353,974 | $282,263 | 8.4% | -$31,881 |
July | $2,587,209 | $560,046 | 21.6% | $180,795 |
August | $3,221,337 | $337,442 | 10.5% | $9,185 |
September | $6,204,965 | $676,451 | 10.9% | $33,573 |
October | $6,787,517 | $1,102,195 | 16.2% | $254,066 |
November | $6,996,429 | $717,423 | 10.3% | $10,668 |
December | $6,157,163 | $1,005,395 | 16.3% | $233,807 |
Montana 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $5,117,844 | $669,464 | 13.1% | $94,608 |
February | $3,631,705 | $705,841 | 19.4% | $205,602 |
March | $3,981,218 | $671,606 | 16.9% | $164,091 |
April | $3,243,425 | $389,693 | 12.0% | $39,210 |
May | $3,236,702 | $382,130 | 11.8% | $35,076 |
June | $2,911,455 | $274,694 | 9.4% | -$9,871 |
July | $2,560,000 | $274,000 | 10.7% | $10,800 |
August | $2,975,100 | $440,591 | 14.8% | $85,849 |
September | $4,940,321 | $975,542 | 19.7% | $288,906 |
October | $5,319,627 | $681,222 | 12.8% | $89,556 |
November | $5,782,523 | $777,488 | 13.4% | $119,541 |
December | $7,218,595 | $931,178 | 12.9% | $125,591 |
Nevada Sports Betting Revenue
U.S. sports wagering's O.G. might not be the only game in town anymore, but Nevada sports betting is still the gold standard. You won't find more market selection or competitive odds than with Nevada sports betting operators, and the consistently low hold percentage is further indication that Nevada-based sportsbooks are just better for players.
Nevada Yearly Revenue Data
Year | Handle | Gross revenue | Hold % | Taxes |
2024 | $5,441,806,279 | $370,707,000 | 6.8% | $25,022,725 |
2023 | $8,261,437,885 | $481,397,000 | 5.8% | $25,738,766 |
2022 | $8,633,518,183 | $449,071,000 | 5.2% | $24,043,233 |
Nevada 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $782,980,978 | $64,739,000 | 8.3% | $4,369,883 |
February | $712,628,161 | $47,910,000 | 6.7% | $3,233,925 |
March | $784,568,642 | $29,762,000 | 3.8% | $2,008,935 |
April | $569,327,626 | $30,792,000 | 5.4% | $2,078,460 |
May | $515,290,019 | $36,027,000 | 7.0% | $2,431,823 |
June | $481,245,342 | $29,809,000 | 6.2% | $2,012,108 |
July | $376,042,234 | $25,787,000 | 6.9% | $1,740,623 |
August | $455,229,623 | $25,025,000 | 5.5% | $1,689,188 |
September | $764,493,654 | $80,856,000 | 10.6% | $5,457,780 |
Nevada 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $935,792,553 | $50,440,000 | 5.4% | $3,404,700 |
February | $659,079,542 | $41,277,000 | 6.3% | $2,786,198 |
March | $829,842,964 | $43,851,000 | 5.3% | $2,959,943 |
April | $598,010,327 | $32,415,000 | 5.4% | $2,188,013 |
May | $527,205,770 | $30,064,000 | 5.7% | $2,029,320 |
June | $479,039,381 | $9,503,000 | 2.0% | $641,453 |
July | $408,261,712 | $25,256,000 | 6.2% | $1,704,780 |
August | $431,597,004 | $18,101,000 | 4.2% | $1,221,818 |
September | $811,353,568 | $62,297,000 | 7.7% | $4,205,048 |
October | $815,650,207 | $68,111,000 | 8.4% | $4,597,493 |
November | $921,619,677 | $40,992,000 | 4.4% | $2,766,960 |
December | $843,985,180 | $59,090,000 | 7.0% | $3,988,575 |
Nevada 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,034,818,801 | $49,997,000 | 4.8% | $3,374,798 |
February | $780,768,853 | $30,920,000 | 4.0% | $2,087,100 |
March | $863,283,921 | $36,926,000 | 4.3% | $2,492,505 |
April | $582,529,725 | $25,368,000 | 4.4% | $1,712,340 |
May | $562,000,848 | $26,999,000 | 4.8% | $1,822,433 |
June | $490,558,644 | $23,835,000 | 4.9% | $1,608,863 |
July | $419,372,311 | $18,591,000 | 4.4% | $1,254,893 |
August | $408,935,554 | $16,072,000 | 3.9% | $1,084,860 |
September | $760,891,578 | $70,629,000 | 9.3% | $4,767,458 |
October | $920,931,244 | $56,859,000 | 6.2% | $3,837,983 |
November | $929,046,456 | $37,671,000 | 4.1% | $2,542,793 |
December | $880,380,248 | $55,204,000 | 6.3% | $3,726,270 |
New Hampshire Sports Betting Revenue
Things are good for operators in the New Hampshire sports betting circle. After settling for a hum-drum 7.5% hold rate in 2022, that number shot up to 9.8% in 2023 and is trending toward a similar result this year despite a rough summer. And that's a critical outcome for sports betting sites who face a staggering 51% tax rate on revenue in NH.
New Hampshire Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $625,261,435 | $61,155,699 | 9.8% | $26,971,854 |
2023 | $821,707,403 | $80,288,654 | 9.8% | $28,601,927 |
2022 | $891,727,580 | $66,714,384 | 7.5% | $24,983,906 |
New Hampshire 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $73,301,559 | $9,820,633 | 13.4% | $4,452,042 |
February | $62,274,731 | $6,585,297 | 10.6% | $2,864,800 |
March | $72,597,059 | $5,585,067 | 7.7% | $2,431,041 |
April | $59,854,282 | $5,331,763 | 8.9% | $2,306,465 |
May | $58,030,362 | $6,516,847 | 11.2% | $2,835,815 |
June | $49,390,844 | $5,277,087 | 10.7% | $2,294,205 |
July | $48,323,804 | $3,530,238 | 7.3% | $1,533,618 |
August | $49,374,544 | $3,382,540 | 6.9% | $1,705,782 |
September | $72,763,323 | $9,259,141 | 12.7% | $3,998,068 |
October | $79,350,927 | $5,867,086 | 7.4% | $2,550,018 |
New Hampshire 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $97,163,182 | $12,564,448 | 12.9% | $5,715,688 |
February | $86,999,460 | $7,112,918 | 8.2% | $3,238,963 |
March | $103,390,747 | $4,828,031 | 4.7% | $2,126,879 |
April | $65,083,883 | $6,670,481 | 10.2% | $2,997,574 |
May | $52,137,614 | $7,042,469 | 13.5% | $3,078,160 |
June | $39,307,739 | $4,372,429 | 11.1% | $1,944,484 |
July | $36,929,342 | $3,511,866 | 9.5% | $1,551,250 |
August | $38,765,940 | $3,344,211 | 8.6% | $1,454,175 |
September | $66,848,811 | $6,178,362 | 9.2% | $2,687,999 |
October | $77,838,540 | $8,781,951 | 11.3% | $3,806,755 |
November | $78,491,464 | $8,228,924 | 10.5% | $3,593,339 |
December | $78,750,681 | $7,652,564 | 9.7% | $3,377,024 |
New Hampshire 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $99,540,825 | $8,029,427 | 8.1% | $3,875,782 |
February | $70,866,282 | $1,019,098 | 1.4% | $458,353 |
March | $78,811,441 | $5,283,248 | 6.7% | $2,506,863 |
April | $73,149,079 | $3,436,446 | 4.7% | $1,514,431 |
May | $76,199,157 | $5,720,931 | 7.5% | $2,637,599 |
June | $53,567,757 | $4,819,197 | 9.0% | $2,216,742 |
July | $42,653,152 | $4,476,145 | 10.5% | $2,115,043 |
August | $43,372,007 | $4,199,240 | 9.7% | $1,927,109 |
September | $78,237,751 | $7,358,206 | 9.4% | $3,249,389 |
October | $91,345,018 | $9,078,684 | 9.9% | $4,482,595 |
November | $93,090,530 | $4,963,601 | 5.3% | $2,176,120 |
December | $90,894,581 | $8,330,161 | 9.2% | $3,809,372 |
New Jersey Sports Betting Revenue
It should come as no surprise to see the state that spearheaded the quest to have PASPA repealed is also one of the most prolific when it comes to sports betting handle and revenue. New Jersey sports betting produced nearly $12 billion in action in 2023, up from just under $11 billion the year before. Operators pay 14.25% in tax, though lawmakers want to increase that to 30% as part of the 2024-25 state budget.
New Jersey Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $10,333,501,371 | $912,830,205 | 8.8% | $129,168,791 |
2023 | $11,972,320,289 | $1,006,681,602 | 8.4% | $112,695,193 |
2022 | $10,944,593,978 | $762,954,971 | 7.0% | $83,484,754 |
New Jersey 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,719,170,088 | $170,758,334 | 9.9% | $24,161,228 |
February | $1,081,171,835 | $67,564,386 | 6.2% | $9,539,850 |
March | $1,329,010,828 | $89,687,971 | 6.7% | $12,600,303 |
April | $1,044,283,588 | $106,227,937 | 10.2% | $15,124,636 |
May | $838,946,057 | $78,750,983 | 9.4% | $11,354,892 |
June | $748,417,965 | $60,066,927 | 8.0% | $8,572,940 |
July | $652,275,524 | $80,027,220 | 12.3% | $11,324,107 |
August | $698,839,707 | $62,726,713 | 9.0% | $8,839,082 |
September | $1,089,701,413 | $119,556,334 | 11.0% | $16,681,410 |
October | $1,131,684,366 | $77,463,400 | 6.8% | $10,970,343 |
New Jersey 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,082,233,033 | $72,330,439 | 6.7% | $10,345,867 |
February | $847,405,611 | $54,621,220 | 6.4% | $7,808,167 |
March | $1,025,779,225 | $93,039,999 | 9.1% | $13,083,369 |
April | $833,980,925 | $72,304,036 | 8.7% | $10,118,510 |
May | $778,854,263 | $82,165,404 | 10.5% | $11,496,202 |
June | $591,081,897 | $66,356,838 | 11.2% | $9,218,174 |
July | $587,019,749 | $61,013,433 | 10.4% | $8,467,678 |
August | $725,849,450 | $96,041,019 | 13.2% | $13,546,446 |
September | $1,299,016,274 | $111,145,385 | 8.6% | $15,658,931 |
October | $1,293,468,722 | $92,258,295 | 7.1% | $12,951,849 |
November | $1,623,072,184 | $95,889,050 | 5.9% | $13,508,016 |
December | $1,284,558,956 | $109,516,484 | 8.5% | $15,314,259 |
New Jersey 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,348,860,083 | $60,195,902 | 4.5% | $8,774,160 |
February | $985,568,313 | $30,873,369 | 3.1% | $4,678,782 |
March | $1,120,904,954 | $66,404,370 | 5.9% | $9,068,529 |
April | $926,946,780 | $50,345,808 | 5.4% | $7,055,550 |
May | $766,412,352 | $61,594,016 | 8.0% | $8,773,059 |
June | $633,184,861 | $39,245,213 | 6.2% | $5,404,026 |
July | $531,888,333 | $45,007,343 | 8.5% | $6,386,976 |
August | $546,774,395 | $65,272,385 | 11.9% | $9,138,137 |
September | $866,719,412 | $97,981,122 | 11.3% | $13,352,085 |
October | $1,060,154,535 | $77,907,041 | 7.3% | $10,853,450 |
November | $1,101,622,966 | $80,426,931 | 7.3% | $11,497,129 |
December | $1,055,556,994 | $87,701,471 | 8.3% | $12,444,016 |
New York Sports Betting Revenue
New York sports betting has been all about big numbers since its much-ballyhooed launch back in January 2022. Between the nearly $53.5 billion generated through the first 34 months of operation, the more than $4.7 billion in total gross revenue generated by operators and the whopping 50% tax rate to which they're subjected, no state has a bigger impact.
New York Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $18,141,101,692 | $1,666,779,161 | 9.2% | $848,133,782 |
2023 | $19,196,867,479 | $1,697,297,617 | 8.8% | $688,369,480 |
2022 | $16,288,073,156 | $1,367,052,768 | 8.4% | $545,805,019 |
New York 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,965,468,151 | $211,706,706 | 10.8% | $107,887,645 |
February | $1,779,072,192 | $131,315,621 | 7.4% | $67,016,794 |
March | $1,854,674,065 | $152,553,937 | 8.2% | $77,451,054 |
April | $1,969,945,755 | $184,032,347 | 9.3% | $93,757,818 |
May | $1,978,317,034 | $203,760,343 | 10.3% | $103,748,517 |
June | $1,477,842,947 | $134,169,779 | 9.1% | $68,328,721 |
July | $1,265,934,085 | $140,856,540 | 11.1% | $71,620,801 |
August | $1,440,577,943 | $125,961,724 | 8.7% | $63,846,496 |
September | $2,079,869,074 | $206,067,211 | 9.9% | $104,538,204 |
October | $2,329,400,446 | $176,354,953 | 7.6% | $89,937,732 |
New York 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,799,048,366 | $149,886,749 | 8.3% | $76,253,908 |
February | $1,474,299,932 | $108,470,835 | 7.4% | $55,242,679 |
March | $1,792,885,345 | $163,582,116 | 9.1% | $83,117,519 |
April | $1,550,014,914 | $139,265,045 | 9.0% | $70,842,936 |
May | $1,363,794,316 | $152,643,135 | 11.2% | $77,571,580 |
June | $1,170,989,676 | $103,956,640 | 8.9% | $51,883,313 |
July | $966,555,215 | $105,510,883 | 10.9% | $53,655,339 |
August | $1,118,163,959 | $99,241,793 | 8.9% | $50,310,977 |
September | $1,767,913,849 | $166,834,226 | 9.4% | $84,563,885 |
October | $2,017,133,484 | $167,327,704 | 8.3% | $84,927,344 |
November | $2,122,331,713 | $151,291,345 | 7.1% | $76,999,480 |
December | $2,053,736,710 | $189,287,146 | 9.2% | $96,131,764 |
New York 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,686,263,898 | $123,810,126 | 7.3% | $63,277,984 |
February | $1,534,078,892 | $82,149,599 | 5.4% | $41,995,722 |
March | $1,644,789,691 | $114,956,204 | 7.0% | $58,351,263 |
April | $1,396,791,941 | $104,535,898 | 7.5% | $53,151,656 |
May | $1,269,862,570 | $110,418,075 | 8.7% | $56,055,234 |
June | $1,056,694,011 | $72,441,501 | 6.9% | $36,936,704 |
July | $804,966,381 | $73,880,416 | 9.2% | $37,449,978 |
August | $877,407,454 | $100,760,793 | 11.5% | $50,912,979 |
September | $1,265,553,629 | $145,039,867 | 11.5% | $73,270,471 |
October | $1,555,051,006 | $146,845,937 | 9.4% | $74,403,028 |
November | $1,564,144,672 | $149,244,901 | 9.5% | $75,695,441 |
December | $1,632,469,011 | $142,969,451 | 8.8% | $72,422,558 |
North Carolina Sports Betting Revenue
North Carolina sports betting launched March 11, 2024, and the early returns are quite encouraging. The state brought in more than $650 million in handle in just three weeks of operation, and sportsbooks were no doubt delighted to see double-digit holds in each of the first five months (along with an 11.4% rate so far in Year 1).
North Carolina Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $4,103,690,606 | $469,830,103 | 11.4% | $76,315,531 |
North Carolina 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
March | $657,246,516 | $66,496,213 | 10.1% | $9,974,432 |
April | $643,653,645 | $105,251,673 | 16.4% | $15,787,751 |
May | $521,747,982 | $63,080,347 | 12.1% | $9,462,052 |
June | $395,044,526 | $40,302,263 | 10.2% | $6,045,339 |
July | $337,612,217 | $42,226,012 | 12.5% | $7,600,687 |
August | $367,458,900 | $33,751,015 | 9.2% | $6,075,183 |
September | $571,622,319 | $70,062,819 | 12.3% | $12,611,330 |
October | $609,304,501 | $48,659,761 | 8.0% | $8,758,757 |
Ohio Sports Betting Revenue
Ohio sports betting hit the start of the NFL season like a sledgehammer, with September and October representing the best monthly handles of the year – and the best is yet to come, with two more months of gridiron action sure to drive the overall number well past last year's $7.6-billion figure. Ohio sportsbooks pay an eye-opening 33% tax rate.
Ohio Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $6,847,220,139 | $727,189,652 | 10.6% | $146,082,111 |
2023 | $7,594,120,425 | $934,231,849 | 12.3% | $102,115,317 |
Ohio 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $806,149,042 | $113,367,294 | 14.1% | $22,697,038 |
February | $666,845,011 | $66,374,384 | 10.0% | $13,549,429 |
March | $803,788,678 | $63,854,035 | 7.9% | $12,804,401 |
April | $668,027,816 | $74,028,160 | 11.1% | $14,813,313 |
May | $606,573,141 | $67,365,769 | 11.1% | $13,506,810 |
June | $525,612,343 | $51,266,301 | 9.8% | $10,270,112 |
July | $471,787,174 | $55,180,850 | 11.7% | $11,077,799 |
August | $543,099,825 | $48,711,645 | 9.0% | $9,771,850 |
September | $858,027,650 | $105,766,825 | 12.3% | $21,261,333 |
October | $897,309,459 | $81,274,389 | 9.1% | $16,330,026 |
Ohio 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $1,090,962,383 | $209,588,460 | 19.2% | $20,960,774 |
February | $635,426,359 | $80,948,666 | 12.7% | $8,105,312 |
March | $732,913,170 | $94,818,023 | 12.9% | $9,485,427 |
April | $515,184,616 | $63,250,102 | 12.3% | $6,332,871 |
May | $441,711,971 | $57,826,959 | 13.1% | $5,787,967 |
June | $357,571,919 | $32,623,897 | 9.1% | $3,277,310 |
July | $328,811,653 | $37,273,216 | 11.3% | $7,466,419 |
August | $375,076,377 | $40,786,643 | 10.9% | $8,175,341 |
September | $686,244,860 | $81,639,905 | 11.9% | $16,375,764 |
October | $742,945,929 | $80,385,098 | 10.8% | $16,148,132 |
November | $861,170,611 | $67,855,418 | 7.9% | $13,650,718 |
December | $826,100,577 | $87,235,462 | 10.6% | $17,486,186 |
Oregon Sports Betting Revenue
The 2023 NFL season proved to be a difference maker for Oregon sports betting, which saw its five strongest-ever months in overall handle from October 2023 to February 2024. That's great news for DraftKings Sportsbook, which exclusively powers mobile operations in Oregon. DK pays a 50% tax rate on revenue in The Beaver State.
Oregon Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $687,122,825 | $76,750,498 | 11.2% | $38,375,252 |
2023 | $675,932,833 | $75,729,585 | 11.2% | $29,335,671 |
2022 | $497,985,675 | $49,519,353 | 9.9% | $18,703,692 |
Oregon 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $69,889,711 | $9,898,882 | 14.2% | $4,949,441 |
February | $67,902,925 | $7,786,241 | 11.5% | $3,893,121 |
March | $69,398,182 | $7,298,922 | 10.5% | $3,649,461 |
April | $72,297,347 | $7,370,254 | 10.2% | $3,685,127 |
May | $76,231,393 | $8,856,797 | 11.6% | $4,428,399 |
June | $64,745,093 | $7,216,231 | 11.1% | $3,608,116 |
July | $53,280,681 | $6,082,761 | 11.4% | $3,041,381 |
August | $56,210,589 | $5,068,500 | 9.0% | $2,534,250 |
September | $75,431,509 | $11,423,213 | 15.1% | $5,711,607 |
October | $81,735,395 | $5,748,697 | 7.0% | $2,874,349 |
Oregon 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $62,328,292 | $7,546,964 | 12.1% | $3,773,482 |
February | $48,425,409 | $4,261,284 | 8.8% | $2,130,642 |
March | $50,456,710 | $6,088,343 | 12.1% | $3,044,172 |
April | $55,167,184 | $7,051,979 | 12.8% | $3,525,990 |
May | $52,122,284 | $6,462,472 | 12.4% | $3,231,236 |
June | $43,861,201 | $4,336,367 | 9.9% | $2,168,184 |
July | $40,428,203 | $4,150,626 | 10.3% | $2,075,313 |
August | $44,542,070 | $3,507,635 | 7.9% | $1,753,818 |
September | $61,354,332 | $6,720,396 | 11.0% | $3,360,198 |
October | $71,903,468 | $8,545,271 | 11.9% | $4,272,636 |
November | $71,231,497 | $7,292,146 | 10.2% | $3,646,073 |
December | $74,112,183 | $9,766,102 | 13.2% | $4,883,051 |
Oregon 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $42,899,736 | $2,389,280 | 5.6% | $1,194,640 |
February | $39,458,431 | $3,335,165 | 8.5% | $1,667,583 |
March | $36,208,012 | $3,620,610 | 10.0% | $1,810,305 |
April | $42,936,414 | $3,824,163 | 8.9% | $1,912,082 |
May | $41,708,882 | $5,034,037 | 12.1% | $2,517,019 |
June | $33,966,897 | $2,548,191 | 7.5% | $1,274,096 |
July | $28,453,425 | $2,700,257 | 9.5% | $1,350,129 |
August | $28,196,192 | $2,707,041 | 9.6% | $1,353,521 |
September | $39,292,036 | $5,465,182 | 13.9% | $2,732,591 |
October | $55,555,465 | $5,783,451 | 10.4% | $2,891,726 |
November | $55,503,997 | $6,418,578 | 11.6% | $3,209,289 |
December | $53,806,188 | $5,693,398 | 10.6% | $2,846,699 |
Pennsylvania Sports Betting Revenue
The Keystone State is the fifth-highest revenue producer all-time since the repeal of PASPA, with Pennsylvania sports betting generating more than $2.8 billion on a whopping $33.2 billion in handle. It certainly helps that the state has one of the most competitive markets in the country, with 12 betting sites in operation despite a sky-high 36% tax rate.
Pennsylvania Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $6,592,516,051 | $596,904,123 | 9.1% | $148,230,015 |
2023 | $7,683,099,581 | $686,944,388 | 8.9% | $134,382,975 |
2022 | $7,251,428,758 | $597,364,960 | 8.2% | $105,733,049 |
Pennsylvania 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $858,152,503 | $97,681,399 | 11.4% | $25,172,653 |
February | $661,740,812 | $50,425,678 | 7.6% | $10,890,946 |
March | $800,718,332 | $63,715,603 | 8.0% | $16,409,365 |
April | $646,061,065 | $59,050,708 | 9.1% | $15,268,504 |
May | $591,912,627 | $61,680,936 | 10.4% | $15,916,627 |
June | $464,534,792 | $42,998,076 | 9.3% | $10,761,524 |
July | $414,673,804 | $52,727,378 | 12.7% | $13,883,648 |
August | $485,289,137 | $45,435,752 | 9.4% | $10,800,927 |
September | $811,283,985 | $95,815,550 | 11.8% | $19,271,526 |
October | $858,148,994 | $27,373,043 | 3.2% | $9,854,295 |
Pennsylvania 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $772,293,543 | $57,983,054 | 7.5% | $14,130,499 |
February | $599,574,795 | $62,220,957 | 10.4% | $15,565,188 |
March | $723,567,880 | $66,472,109 | 9.2% | $18,234,574 |
April | $572,172,929 | $51,791,466 | 9.1% | $13,334,805 |
May | $495,606,075 | $57,534,901 | 11.6% | $14,798,069 |
June | $373,197,330 | $33,868,719 | 9.1% | $8,302,345 |
July | $338,469,149 | $39,413,145 | 11.6% | $11,554,768 |
August | $393,027,699 | $30,623,078 | 7.8% | $7,932,535 |
September | $726,314,855 | $66,117,904 | 9.1% | $13,190,909 |
October | $829,069,257 | $73,645,815 | 8.9% | $17,339,283 |
November | $934,179,622 | $49,162,024 | 5.3% | $4,643,308 |
December | $925,626,447 | $98,111,216 | 10.6% | $26,107,175 |
Pennsylvania 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $793,722,787 | $53,403,655 | 6.7% | $11,581,175 |
February | $597,064,049 | $22,160,553 | 3.7% | -$159,425 |
March | $714,976,578 | $48,512,264 | 6.8% | $10,944,209 |
April | $572,817,741 | $49,083,331 | 8.6% | $12,120,141 |
May | $493,350,519 | $47,828,553 | 9.7% | $12,603,546 |
June | $393,494,222 | $22,889,554 | 5.8% | $4,597,039 |
July | $336,507,932 | $33,226,517 | 9.9% | $9,160,020 |
August | $363,046,972 | $42,185,145 | 11.6% | $12,223,188 |
September | $645,242,681 | $75,319,093 | 11.7% | $18,078,109 |
October | $797,124,732 | $61,519,576 | 7.7% | $14,585,047 |
November | $789,230,672 | $69,997,949 | 8.9% | $19,037,133 |
December | $754,849,873 | $71,238,770 | 9.4% | $19,664,738 |
Rhode Island Sports Betting Revenue
Rhode Island sports betting responded from its worst period of the year (generating its first sub-$1 million tax month) with what is easily its best, surpassing $50 million in handle for September. That's the best single-month result since January 2023, and produced a whopping $2.9 million in tax revenue. October, on the other hand? Much, much worse.
Rhode Island Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $389,223,967 | $32,137,078 | 8.3% | $16,389,909 |
2023 | $461,283,426 | $40,277,816 | 8.7% | $16,685,978 |
2022 | $532,609,814 | $49,298,062 | 9.3% | $19,505,404 |
Rhode Island 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $44,808,686 | $4,999,921 | 11.2% | $2,549,960 |
February | $38,758,578 | $2,888,343 | 7.5% | $1,473,055 |
March | $44,895,394 | $3,103,076 | 6.9% | $1,582,569 |
April | $37,709,038 | $2,740,781 | 7.3% | $1,397,798 |
May | $37,252,539 | $3,343,552 | 9.0% | $1,705,212 |
June | $33,010,501 | $2,664,593 | 8.1% | $1,358,942 |
July | $24,848,015 | $2,723,789 | 11.0% | $1,389,132 |
August | $28,371,561 | $1,864,079 | 6.6% | $950,680 |
September | $50,165,493 | $5,690,742 | 11.3% | $2,902,278 |
October | $49,404,162 | $2,118,202 | 4.3% | $1,080,283 |
Rhode Island 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $62,317,384 | $5,164,799 | 8.3% | $2,634,047 |
February | $43,065,996 | $3,612,113 | 8.4% | $1,842,178 |
March | $41,546,643 | $3,968,567 | 9.6% | $2,023,969 |
April | $37,496,094 | $3,009,679 | 8.0% | $1,534,936 |
May | $30,754,497 | $3,898,405 | 12.7% | $1,988,187 |
June | $23,723,659 | $1,783,530 | 7.5% | $909,600 |
July | $20,238,844 | $1,896,983 | 9.4% | $967,461 |
August | $22,472,561 | $1,365,807 | 6.1% | $696,562 |
September | $37,645,368 | $3,472,089 | 9.2% | $1,770,765 |
October | $45,840,376 | $4,545,634 | 9.9% | $2,318,273 |
November | $48,277,794 | $3,413,200 | 7.1% | $1,740,732 |
December | $47,904,210 | $4,147,010 | 8.7% | $2,114,975 |
Rhode Island 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $58,614,487 | $5,228,277 | 8.9% | $2,666,421 |
February | $42,143,261 | $3,566,393 | 8.5% | $1,818,860 |
March | $45,766,958 | $3,738,223 | 8.2% | $1,906,494 |
April | $40,186,632 | $2,632,134 | 6.5% | $1,342,388 |
May | $41,103,489 | $2,336,733 | 5.7% | $1,191,734 |
June | $34,229,823 | $2,352,896 | 6.9% | $1,199,977 |
July | $25,208,531 | $2,872,076 | 11.4% | $1,464,759 |
August | $27,744,694 | $3,000,421 | 10.8% | $1,530,215 |
September | $41,670,257 | $6,361,823 | 15.3% | $3,244,530 |
October | $55,527,937 | $6,156,914 | 11.1% | $3,140,026 |
November | $61,208,319 | $4,862,856 | 7.9% | $2,480,057 |
December | $59,205,426 | $6,189,316 | 10.5% | $3,156,551 |
South Dakota Sports Betting Revenue
South Dakota sports betting numbers might not be the largest in the U.S., but they might be the most fascinating. South Dakota has had some of the craziest variance in monthly hold since legalizing sports betting: Since 2022 alone, operators have seen hold rates ranging from 29.7% in September 2022 down to -5.5% in February 2024.
South Dakota Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $7,205,866 | $652,783 | 9.1% | $58,750 |
2023 | $9,034,691 | $1,009,931 | 11.2% | $72,536 |
2022 | $7,192,828 | $871,511 | 12.1% | $57,985 |
South Dakota 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $868,815 | $94,756 | 10.9% | $8,528 |
February | $696,017 | -$38,406 | -5.5% | -$3,457 |
March | $1,242,270 | $91,215 | 7.3% | $8,209 |
April | $503,508 | -$11,700 | -2.3% | -$1,053 |
May | $495,491 | $51,486 | 10.4% | $4,634 |
June | $557,595 | $20,680 | 3.7% | $1,861 |
July | $452,755 | $77,421 | 17.1% | $6,968 |
August | $505,986 | $105,719 | 20.9% | $9,515 |
September | $967,837 | $215,820 | 22.3% | $19,424 |
October | $915,592 | $45,792 | 5.0% | $4,121 |
South Dakota 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $910,312 | $123,365 | 13.6% | $11,103 |
February | $717,137 | $82,853 | 11.6% | $7,457 |
March | $923,904 | $161,368 | 17.5% | $14,523 |
April | $493,045 | $22,503 | 4.6% | $2,025 |
May | $528,562 | $22,536 | 4.3% | $2,028 |
June | $417,025 | -$9,254 | -2.2% | -$833 |
July | $413,368 | $20,087 | 4.9% | $1,808 |
August | $518,052 | $37,453 | 7.2% | $3,371 |
September | $979,694 | $170,129 | 17.4% | $15,312 |
October | $1,021,660 | $174,906 | 17.1% | $15,742 |
November | $967,994 | $49,887 | 5.2% | $4,490 |
December | $1,143,938 | $154,098 | 13.5% | $13,869 |
South Dakota 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $835,252 | $82,291 | 9.9% | $7,406 |
February | $685,631 | $71,807 | 10.5% | $6,463 |
March | $975,347 | $32,389 | 3.3% | $2,915 |
April | $368,517 | -$13,735 | -3.7% | -$1,236 |
May | $307,995 | $25,102 | 8.2% | $2,259 |
June | $301,217 | $27,869 | 9.3% | $2,508 |
July | $259,180 | $16,143 | 6.2% | $1,453 |
August | $266,673 | $59,053 | 22.1% | $5,315 |
September | $711,577 | $211,612 | 29.7% | $19,045 |
October | $862,170 | $131,749 | 15.3% | $11,857 |
November | $861,660 | $75,856 | 8.8% | $6,827 |
December | $757,610 | $151,374 | 20.0% | $13,624 |
Tennessee Sports Betting Revenue
Tennesseans have come out in droves to wager on their beloved sports teams. Tennessee sports betting ranks just outside the top-10 all-time in handle ($15.3 billion) and revenue ($1.5 billion), generating more than $272 million in taxes in the process. The mobile-only state hosts a dozen operators, each of whom pay a 20% tax on gross gaming revenue.
(NOTE: Tennessee began requiring its operators to retain 10% hold as of July 2023)
Tennessee Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $4,104,277,297 | $410,427,729 | 10.0% | $75,675,020 |
2023 | $4,292,352,235 | $451,028,296 | 10.5% | $64,939,658 |
2022 | $3,850,547,906 | $378,409,891 | 9.8% | $49,620,988 |
Tennessee 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $465,810,583 | $46,581,058 | 10.0% | $8,596,621 |
February | $380,390,401 | $38,039,040 | 10.0% | $6,980,317 |
March | $473,595,403 | $47,359,540 | 10.0% | $8,710,419 |
April | $380,904,093 | $38,090,409 | 10.0% | $7,029,494 |
May | $379,220,245 | $37,922,025 | 10.0% | $6,998,418 |
June | $342,198,408 | $34,219,841 | 10.0% | $6,315,166 |
July | $271,538,207 | $27,153,821 | 10.0% | $5,011,204 |
August | $342,021,374 | $34,202,137 | 10.0% | $6,311,946 |
September | $520,834,560 | $52,083,456 | 10.0% | $9,612,392 |
October | $547,764,023 | $54,776,402 | 10.0% | $10,109,043 |
Tennessee 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $410,773,606 | $41,392,586 | 10.1% | $7,269,600 |
February | $327,326,201 | $33,943,931 | 10.4% | $6,380,150 |
March | $392,667,304 | $45,506,700 | 11.6% | $8,752,898 |
April | $318,416,216 | $34,257,592 | 10.8% | $6,435,653 |
May | $279,794,996 | $37,097,192 | 13.3% | $7,145,077 |
June | $230,337,515 | $25,526,655 | 11.1% | $4,635,761 |
July | $214,114,055 | $21,411,406 | 10.0% | $3,951,411 |
August | $243,456,822 | $24,345,682 | 10.0% | $4,462,942 |
September | $418,063,447 | $41,806,345 | 10.0% | $7,715,705 |
October | $445,192,913 | $44,519,291 | 10.0% | $8,190,461 |
November | $517,141,377 | $51,714,138 | 10.0% | $9,513,707 |
December | $495,067,783 | $49,506,778 | 10.0% | $9,104,148 |
Tennessee 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $386,059,756 | $36,249,453 | 9.4% | $5,817,504 |
February | $313,298,305 | $20,945,018 | 6.7% | $3,026,574 |
March | $370,230,004 | $26,520,468 | 7.2% | $4,550,242 |
April | $292,796,670 | $27,142,800 | 9.3% | $4,649,129 |
May | $261,582,468 | $27,315,928 | 10.4% | $4,766,458 |
June | $215,774,186 | $15,855,649 | 7.3% | $2,559,649 |
July | $182,769,323 | $18,174,226 | 9.9% | $3,668,804 |
August | $205,863,860 | $27,200,883 | 13.2% | $4,875,847 |
September | $336,933,437 | $46,285,200 | 13.7% | $8,716,963 |
October | $405,337,575 | $37,295,159 | 9.2% | $6,989,818 |
November | $439,456,908 | $47,248,222 | 10.8% | $9,030,021 |
December | $440,445,414 | $49,176,885 | 11.2% | $9,401,952 |
Vermont Sports Betting Revenue
Vermont sports betting reached one milestone (surpassing $100 million in total handle) in August 2024, but narrowly missed another (falling just short of $15 million in gross revenue all-time). DraftKings, FanDuel and Fanatics Sportsbook are the first sportsbooks to launch in Vermont; they each pay a 20% tax rate.
Vermont Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $151,238,018 | $17,482,448 | 11.6% | $10,026,785 |
Vermont 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $19,913,914 | $4,211,298 | 21.1% | $2,293,406 |
February | $21,249,830 | $2,547,167 | 12.0% | $1,463,748 |
March | $20,196,054 | $1,534,333 | 7.6% | $882,060 |
April | $17,083,302 | $1,807,282 | 10.6% | $1,064,914 |
May | $12,607,502 | $1,275,226 | 10.1% | $764,860 |
June | $10,049,903 | $1,030,762 | 10.3% | $589,694 |
July | $9,466,746 | $1,231,459 | 13.0% | $733,328 |
August | $11,312,537 | $951,673 | 8.4% | $546,252 |
September | $13,599,562 | $1,834,702 | 13.5% | $1,071,407 |
October | $15,758,668 | $1,058,546 | 6.7% | $617,116 |
Virginia Sports Betting Revenue
The Old Dominion State is thriving like few others in the wagering space. Virginia sports betting has welcomed 12 operators into the fold, with more likely on the way. And there's plenty of room for everyone, at least based on the numbers: Virginia has generated the ninth-most betting handle ($19.2 billion) all-time since launching in 2021.
Virginia Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | |
2024 | $5,430,486,417 | $549,046,988 | 10.1% | $73,557,133 |
2023 | $5,590,022,863 | $560,201,506 | 10% | $58,350,376 |
2022 | $4,914,954,449 | $481,233,605 | 9.8% | $40,681,159 |
Virginia 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $652,879,751 | $74,337,291 | 11.4% | $9,932,122 |
February | $545,068,429 | $50,040,797 | 9.2% | $6,342,927 |
March | $635,593,137 | $47,694,659 | 7.5% | $6,251,083 |
April | $563,495,540 | $60,594,584 | 10.8% | $8,210,372 |
May | $505,594,449 | $59,966,998 | 11.9% | $8,087,375 |
June | $415,360,427 | $45,490,748 | 11.0% | $6,212,254 |
July | $377,641,472 | $44,966,093 | 11.9% | $6,054,606 |
August | $416,689,216 | $40,143,865 | 9.6% | $5,241,930 |
September | $622,060,604 | $71,538,700 | 11.5% | $9,875,140 |
October | $696,103,392 | $54,273,253 | 7.8% | $7,349,324 |
Virginia 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $513,154,592 | $49,721,328 | 9.7% | $6,368,899 |
February | $433,807,108 | $39,766,908 | 9.2% | $4,682,125 |
March | $511,614,541 | $55,258,910 | 10.8% | $7,413,213 |
April | $425,982,859 | $45,121,878 | 10.6% | $5,799,965 |
May | $403,719,160 | $48,144,551 | 11.9% | $6,285,305 |
June | $325,455,052 | $32,668,025 | 10.0% | $3,939,701 |
July | $293,611,789 | $32,471,396 | 11.1% | $4,115,218 |
August | $319,005,943 | $32,359,889 | 10.1% | $4,155,221 |
September | $520,304,187 | $54,081,414 | 10.4% | $7,040,532 |
October | $571,354,817 | $63,996,952 | 11.2% | $8,550,197 |
November | $638,831,057 | $43,003,244 | 6.7% | $5,480,552 |
December | $633,181,758 | $63,607,011 | 10.0% | $8,465,776 |
Virginia 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $485,544,417 | $39,050,067 | 8.0% | $2,876,609 |
February | $401,889,135 | $27,498,133 | 6.8% | $1,406,280 |
March | $469,484,017 | $33,700,016 | 7.2% | $2,116,289 |
April | $399,478,366 | $36,275,264 | 9.1% | $3,040,327 |
May | $351,452,931 | $42,537,524 | 12.1% | $3,896,270 |
June | $295,235,271 | $25,965,182 | 8.8% | $1,871,961 |
July | $266,001,583 | $26,024,408 | 9.8% | $3,725,308 |
August | $284,671,331 | $36,978,897 | 13.0% | $5,185,810 |
September | $411,273,323 | $53,821,382 | 13.1% | $8,285,587 |
October | $528,029,938 | $51,164,199 | 9.7% | $8,276,718 |
November | $518,818,987 | $57,531,255 | 11.1% | $9,079,686 |
December | $503,075,150 | $50,687,278 | 10.1% | $8,284,517 |
West Virginia Sports Betting Revenue
West Virginia sports betting weathered that nation-wide sportsbook slump to remain well on target to surpass its 2023 handle, hold and tax numbers. After a slow start to 2024, things are turning around – and a strong finish to the NFL season could put this year's figures ahead of 2022.
West Virginia Yearly Revenue Data
Year | Handle | Gross Revenue | Hold | Taxes |
2024 | $392,103,856 | $44,944,928 | 11.5% | $4,494,492 |
2023 | $483,227,418 | $47,723,640 | 9.9% | $3,625,109 |
2022 | $571,317,850 | $50,822,382 | 8.9% | $3,724,001 |
West Virginia 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $50,562,352 | $6,472,412 | 12.8% | $647,241 |
February | $39,271,363 | $3,545,481 | 9.0% | $354,548 |
March | $47,219,129 | $4,411,150 | 9.3% | $441,115 |
April | $36,508,941 | $3,729,072 | 10.2% | $372,907 |
May | $32,951,615 | $3,707,617 | 11.3% | $370,762 |
June | $27,404,227 | $3,417,618 | 12.5% | $341,762 |
July | $23,911,409 | $3,026,553 | 12.7% | $302,655 |
August | $28,418,980 | $4,139,945 | 14.6% | $413,994 |
September | $49,846,374 | $7,621,383 | 15.3% | $762,138 |
October | $56,009,466 | $4,873,697 | 8.7% | $487,370 |
West Virginia 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $49,384,637 | $4,019,360 | 8.1% | $401,936 |
February | $39,740,983 | $2,726,640 | 6.9% | $272,664 |
March | $45,538,667 | $4,469,377 | 9.8% | $446,938 |
April | $40,827,987 | $3,107,176 | 7.6% | $310,718 |
May | $35,140,816 | $3,849,531 | 11.0% | $384,953 |
June | $23,695,286 | $2,053,727 | 8.7% | $205,373 |
July | $22,301,062 | $2,719,702 | 12.2% | $271,970 |
August | $23,959,192 | $2,595,871 | 10.8% | $259,587 |
September | $44,472,879 | $4,333,428 | 9.7% | $433,343 |
October | $47,737,777 | $6,376,269 | 13.4% | $637,627 |
November | $56,419,080 | $5,155,090 | 9.1% | $515,509 |
December | $54,009,052 | $6,317,472 | 11.7% | $631,747 |
West Virginia 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $65,125,042 | $4,528,101 | 7.0% | $452,810 |
February | $48,476,816 | $1,904,490 | 3.9% | $190,449 |
March | $55,672,438 | $3,117,541 | 5.6% | $311,754 |
April | $38,655,331 | $3,067,780 | 7.9% | $306,778 |
May | $40,439,679 | $3,748,227 | 9.3% | $374,823 |
June | $30,145,409 | $2,066,930 | 6.9% | $206,693 |
July | $25,769,135 | $2,706,044 | 10.5% | $270,604 |
August | $28,553,358 | $3,455,974 | 12.1% | $345,597 |
September | $49,859,709 | $7,217,919 | 14.5% | $721,792 |
October | $56,968,266 | $5,427,011 | 9.5% | $542,701 |
November | $72,947,153 | $5,521,747 | 7.6% | $552,175 |
December | $58,705,514 | $8,060,617 | 13.7% | $806,062 |
Wyoming Sports Betting Revenue
Things are looking mighty fine in The Cowboy State this year. Wyoming sports betting revenue and tax remittance have already cruised past the state's 2023 tallies with two months of reporting left. BetMGM, Caesars, FanDuel and DraftKings all operate in Wyoming; they each pay a 20% tax on gross gaming revenue.
Wyoming Yearly Revenue Data
Year | Handle | Gross revenue | Hold % | Taxes |
2024 | $161,545,562 | $18,549,749 | 11.5% | $1,136,302 |
2023 | $172,247,302 | $17,293,948 | 10% | $826,360 |
2022 | $144,522,130 | $14,787,230 | 10.2% | $608,061 |
Wyoming 2024 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $20,272,552 | $2,662,550 | 13.1% | $177,183 |
February | $15,511,286 | $1,946,594 | 12.5% | $114,530 |
March | $17,690,741 | $1,718,721 | 9.7% | $112,306 |
April | $15,428,621 | $1,499,242 | 9.7% | $94,165 |
May | $12,506,784 | $1,664,699 | 13.3% | $115,659 |
June | $10,886,389 | $1,080,628 | 9.9% | $61,646 |
July | $9,721,357 | $1,503,414 | 15.5% | $104,057 |
August | $12,202,468 | $1,593,257 | 13.1% | $116,181 |
September | $22,875,228 | $2,953,222 | 12.9% | $144,962 |
October | $24,450,136 | $1,927,422 | 7.9% | $95,613 |
Wyoming 2023 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $14,339,351 | $1,587,273 | 11.1% | $94,081 |
February | $11,591,163 | $1,106,141 | 9.5% | $54,296 |
March | $14,777,639 | $1,837,412 | 12.4% | $130,677 |
April | $12,623,675 | $1,264,212 | 10.0% | $82,848 |
May | $12,778,371 | $1,306,929 | 10.2% | $81,448 |
June | $9,483,450 | $775,389 | 8.2% | $37,705 |
July | $8,145,480 | $998,740 | 12.3% | $68,363 |
August | $10,464,584 | $1,207,821 | 11.5% | $84,103 |
September | $19,259,607 | $1,525,986 | 7.9% | $51,752 |
October | $21,234,828 | $2,271,665 | 10.7% | $141,087 |
November | $18,525,420 | $1,562,756 | 8.4% | $96,471 |
December | $19,023,734 | $1,849,624 | 9.7% | $139,849 |
Wyoming 2022 Monthly Revenue Data
Month | Handle | Gross Revenue | Hold | Taxes |
January | $13,977,632 | $1,098,460 | 7.9% | $46,565 |
February | $10,301,603 | $722,631 | 7.0% | $18,824 |
March | $12,704,938 | $1,101,236 | 8.7% | $44,806 |
April | $9,995,920 | $1,007,796 | 10.1% | $51,187 |
May | $9,340,833 | $1,011,714 | 10.8% | $53,163 |
June | $7,322,852 | $673,269 | 9.2% | $38,036 |
July | $7,246,352 | $680,740 | 9.4% | $38,365 |
August | $10,990,904 | $1,237,815 | 11.3% | $85,672 |
September | $13,575,173 | $1,932,519 | 14.2% | $115,550 |
October | $17,275,317 | $2,039,620 | 11.8% | $115,893 |
November | $16,702,867 | $1,478,158 | 8.8% | $100,009 |
December | $15,087,739 | $1,803,272 | 12.0% | $135,101 |
States with Potential to Legalize Sports Betting
While more than three-quarters of all U.S. states have some form of legal sports wagering, there are still some notable holdouts. Here's a look at states that appear to have a path to legalized sports betting at some point in the future:
Future of US Sports Betting Revenue
What does the future hold for sports betting handles, revenues and hold percentages across the United States? Here are some factors that should pay a role in how these figures evolve:
More Legal States: Sports betting is now legal in 38 states and districts, with the majority of those welcoming business from the best sports betting apps. And while there aren't any states presently on the verge of joining the mix, it's quite possible that we could see further legalization in late 2024 or 2025, thereby increasing overall revenue potential.
Available Betting Markets: Developments here could have a dramatic positive or negative impact on sportsbooks' earning potential. While betting sites are constantly introducing new betting markets across a variety of sports, some – most notably, college player props – are being removed by legislators due to ongoing issues with player harassment.
More Betting Options: With Phase 1 of the U.S. sports betting maturity process (initial player acquisition and retention) essentially over, sports betting sites have now moved on to Phase 2: innovation. And both players and sportsbooks should reap the benefits here, between new ways to parlay picks, more niche sports coverage and a larger emphasis on microbetting.
Increased Notoriety: This is the biggest wild-card in the U.S. sports betting landscape. While we've seen positive examples of increased betting activity due to external factors (Taylor Swift, anyone?), a spate of controversial betting practices has cast a shadow over the industry, and further incidents are sure to adversely affect sports betting revenues.
Reduced Promo Spend: Access to many of the best sportsbook promos helped fuel a meteoric rise in sign-ups – but those days might be coming to an end. With only a handful of states yet to launch, and the majority of the best sports betting sites having curtailed their promotional spend, new customers might be tougher to pull in moving forward.
Glossary of Betting Market Terms
Handle: The "handle" refers to the total amount of money wagered by bettors on a particular event or series of events. It's a term commonly used in sports betting, horse racing, and other forms of gambling.
Gross Revenue: Gross revenue in sports betting refers to the total amount of money that a sportsbook or betting operator collects from bettors through wagers minus all winning bets. It represents the total revenue generated by the sportsbook before deducting expenses such as operating costs, taxes, and any other fees.
Hold: The "hold" refers to the percentage of the total wagers placed that the sportsbook keeps as profit after paying out winning bets. The hold is calculated by dividing the sportsbook's gross revenue (total amount of money collected from losing bets) by the total amount of money wagered.
Tickets: Also known as "receipts", tickets represent the total number of bets placed during a specific period or on a specific bet type or market. Bet amount is immaterial to ticket count.