US Sports Betting Revenue & Handle: Tracking Betting Market Data 2024

James Bisson

Last Updated: December 7, 2024 12:05 AM EST • 12 min 64 sec read. Twitter link Google News Link

Feb 4, 2024; Las Vegas: The BetMGM Sportsbook at the MGM Grand Las Vegas on the Las Vegas strip. Kirby Lee - Imagn Images

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than $426 billion in bets at legal sportsbooks since the Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018.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.

Written By:
James Bisson

James Bisson is the Editor-in-Chief of Sportsbook Review. He has been a writer, reporter and editor for more than 20 years, and his work has appeared in more than 200 publications across North America. His first book, “100 Greatest Canadian Sports Moments”, was a hardcover best-seller in Canada in 2008. He has written more than 50 sportsbook reviews and dozens of other sportsbook-related content articles. James has also been quoted as a sports betting expert in USA Today and Sports Illustrated.