There are few business in the U.S. enjoying a more emphatic hot streak than the sports betting industry.
With nearly $120 billion wagered legally across the country, and early 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: 2023 vs Previous Years
Let there be no doubt that sports betting continues to grow at a breakneck pace.
Cruising past the $100 billion mark in total legal wagers in 2023 was just the latest milestone for an industry that, as of the end of last year, has seen more than $200 billion in bets at legal sportsbooks since the Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018.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, 2018-23
| Year | Handle | Gross Revenue | Hold |
| 2023 | $121,064,466,469 | $11,048,223,917 | 9.1% |
| 2022 | $93,726,726,923 | $7,559,425,190 | 8.1% |
| 2021 | $57,525,518,127 | $4,341,696,962 | 7.5% |
| 2020 | $21,476,520,882 | $1,546,743,084 | 7.2% |
| 2019 | $13,073,426,594 | $920,626,754 | 7.0% |
| 2018 | $6,608,072,006 | $441,736,410 | 6.7% |
Month-by-Month Data, 2024 to Date
| Month | Handle | Gross Revenue | Hold |
| January | $13,887,058,806 | $1,507,276,635 | 10.9% |
| February | $11,038,558,296 | $870,465,133 | 7.9% |
Month-by-Month Data, 2023
| Month | Handle | Gross revenue | Hold |
| January | $11,498,154,406 | $1,065,957,209 | 9.3% |
| February | $9,014,426,342 | $712,764,443 | 7.9% |
| March | $11,236,636,554 | $1,068,421,204 | 9.5% |
| April | $9,176,221,600 | $869,429,328 | 9.5% |
| May | $8,137,649,326 | $916,328,162 | 11.3% |
| June | $6,616,003,472 | $548,656,527 | 8.3% |
| July | $5,898,621,040 | $622,926,008 | 10.6% |
| August | $6,660,118,021 | $609,167,941 | 9.1% |
| September | $11,576,828,147 | $1,108,889,239 | 9.6% |
| October | $12,812,334,808 | $1,242,284,208 | 9.7% |
| November | $14,470,268,900 | $916,456,015 | 6.3% |
| December | $13,967,203,848 | $1,366,943,628 | 9.8% |
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 a billion dollars 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 |
| 2024 | $706,382,861 | $70,943,718 | 10.0% |
| 2023 | $6,573,800,271 | $557,533,412 | 8.5% |
| 2022 | $6,036,844,929 | $482,932,554 | 8.0% |
Arizona 2024 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold |
| January | $706,382,861 | $70,943,718 | 10.0% |
Arizona 2023 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold |
| January | $591,220,793 | $47,486,816 | 8.0% |
| February | $609,278,096 | $35,392,452 | 5.8% |
| March | $644,763,990 | $53,523,946 | 8.3% |
| April | $535,712,027 | $49,163,322 | 9.2% |
| May | $451,717,025 | $49,595,605 | 10.9% |
| June | $393,198,857 | $28,331,607 | 7.2% |
| July | $323,211,485 | $35,343,494 | 10.9% |
| August | $358,875,474 | $31,681,151 | 8.8% |
| September | $610,716,285 | $60,115,066 | 9.8% |
| October | $648,208,573 | $56,868,980 | 8.8% |
| November | $713,586,703 | $42,333,281 | 5.9% |
| December | $693,310,960 | $67,697,686 | 9.8% |
Arizona 2022 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold |
| January | $563,694,591 | $41,890,200 | 7.4% |
| February | $491,665,553 | $25,629,834 | 5.2% |
| March | $690,979,294 | $38,898,393 | 5.6% |
| April | $512,877,847 | $30,441,991 | 5.9% |
| May | $461,450,688 | $56,193,285 | 12.2% |
| June | $318,774,198 | $12,601,356 | 4.0% |
| July | $290,511,532 | $22,684,581 | 7.8% |
| August | $361,008,835 | $37,161,758 | 10.3% |
| September | $537,966,148 | $56,428,816 | 10.5% |
| October | $618,570,296 | $49,392,417 | 8.0% |
| November | $616,855,044 | $56,028,194 | 9.1% |
| December | $572,490,899 | $55,581,724 | 9.7% |
Arkansas Sports Betting Revenue
Arkansas sports betting continues to grow at a steady pace, with November 2023 to January 2024 marking the first three $50 million months in state history from a handle perspective. 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 |
| 2024 | $141,678,208 | $11,934,879 | 8.4% |
| 2023 | $404,764,327 | $37,190,265 | 9.2% |
| 2022 | $185,818,482 | $17,922,004 | 9.6% |
Arkansas 2024 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold |
| January | $50,698,700 | $5,855,921 | 11.6% |
| February | $40,947,811 | $2,672,209 | 6.5% |
| March | $50,031,696 | $3,406,749 | 6.8% |
Arkansas 2023 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold |
| January | $32,976,263 | $2,868,243 | 8.7% |
| February | $29,532,263 | $1,709,714 | 5.8% |
| March | $37,474,412 | $4,264,046 | 11.4% |
| April | $25,452,659 | $2,336,023 | 9.2% |
| May | $22,777,209 | $2,293,280 | 10.1% |
| June | $22,708,944 | $1,334,972 | 5.9% |
| July | $17,577,626 | $2,077,421 | 11.8% |
| August | $22,553,214 | $1,673,538 | 7.4% |
| September | $41,002,256 | $4,026,260 | 9.8% |
| October | $44,986,802 | $5,825,160 | 12.9% |
| November | $54,770,448 | $3,018,845 | 5.5% |
| December | $52,952,226 | $5,762,756 | 10.9% |
Arkansas 2022 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold |
| January | $8,775,931 | $1,181,335 | 13.5% |
| February | $5,876,443 | $331,001 | 5.6% |
| March | $10,686,500 | $791,848 | 7.4% |
| April | $8,598,226 | $749,810 | 8.7% |
| May | $10,185,647 | $583,015 | 5.7% |
| June | $12,632,207 | $4,044 | 0.0% |
| July | $9,290,467 | $854,435 | 9.2% |
| August | $10,195,911 | $1,015,339 | 10.0% |
| September | $21,185,546 | $3,208,032 | 15.1% |
| October | $26,879,106 | $2,793,719 | 10.4% |
| November | $30,576,009 | $2,999,449 | 9.8% |
| December | $30,936,484 | $3,409,971 | 11.0% |
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 Cenennial State). Strangely, Colorado has seen just one month with double-digit hold since the start of 2022, with nearly identical hold rates from 2022 to 2023 (and so far in 2024).
Colorado Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $1,133,674,229 | $79,252,700 | 6.9% |
| 2023 | $5,560,232,285 | $391,773,823 | 7.0% |
| 2022 | $5,181,758,901 | $351,950,256 | 6.8% |
Colorado 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $596,685,967 | $53,490,322 | 9.0% |
| February | $536,988,261 | $25,762,378 | 4.8% |
Colorado 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $547,189,024 | $35,482,561 | 6.5% |
| February | $425,142,876 | $22,599,602 | 5.3% |
| March | $494,440,209 | $45,763,226 | 9.3% |
| April | $417,814,147 | $35,148,592 | 8.4% |
| May | $385,242,135 | $31,406,903 | 8.2% |
| June | $310,656,478 | $9,223,661 | 3.0% |
| July | $281,110,490 | $24,962,106 | 8.9% |
| August | $306,065,790 | $25,873,057 | 8.5% |
| September | $512,792,794 | $45,276,516 | 8.8% |
| October | $554,859,801 | $46,914,491 | 8.5% |
| November | $608,488,266 | $28,585,605 | 4.7% |
| December | $716,430,270 | $40,537,499 | 5.7% |
Colorado 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold % |
| January | $573,720,213 | $34,640,219 | 6.0% |
| February | $440,508,420 | $19,604,490 | 4.5% |
| March | $505,611,080 | $28,238,194 | 5.6% |
| April | $392,311,737 | $22,571,887 | 5.8% |
| May | $360,325,437 | $27,119,329 | 7.5% |
| June | $313,215,080 | $6,781,091 | 2.2% |
| July | $258,414,807 | $20,802,880 | 8.1% |
| August | $290,107,969 | $25,859,270 | 8.9% |
| September | $450,232,596 | $51,339,659 | 11.4% |
| October | $526,619,776 | $36,514,974 | 6.9% |
| November | $552,603,012 | $37,569,022 | 6.8% |
| December | $518,088,768 | $40,909,237 | 7.9% |
Connecticut Sports Betting Revenue
Connecticut sports betting has a "hold" on residents, with the state's sports betting sites consistently generating one of the strongest handle retention rates in the country. And that's 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 |
| 2024 | $553,409,861 | $57,371,956 | 10.4% |
| 2023 | $1,762,933,823 | $174,817,802 | 10.1% |
| 2022 | $1,518,393,076 | $135,523,218 | 8.9% |
Connecticut 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $202,752,249 | $24,844,848 | 12.3% |
| February | $162,841,632 | $13,978,597 | 8.6% |
| March | $187,815,980 | $16,981,438 | 9.0% |
Connecticut 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $167,673,044 | $17,562,322 | 10.5% |
| February | $136,508,300 | $10,866,536 | 8.0% |
| March | $159,997,579 | $16,509,118 | 10.3% |
| April | $126,600,000 | $13,146,672 | 10.4% |
| May | $109,421,369 | $14,926,294 | 13.6% |
| June | $91,414,677 | $8,879,045 | 9.7% |
| July | $91,512,897 | $10,624,363 | 11.6% |
| August | $91,316,807 | $9,251,667 | 10.1% |
| September | $180,954,956 | $18,718,687 | 10.3% |
| October | $189,626,160 | $19,428,117 | 10.2% |
| November | $205,736,989 | $12,524,037 | 6.1% |
| December | $212,171,045 | $22,380,944 | 10.5% |
Connecticut 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $158,092,481 | $11,187,162 | 7.1% |
| February | $115,619,953 | $5,028,912 | 4.3% |
| March | $140,747,137 | $10,130,861 | 7.2% |
| April | $116,465,199 | $9,519,496 | 8.2% |
| May | $115,180,155 | $9,353,193 | 8.1% |
| June | $95,421,852 | $6,398,056 | 6.7% |
| July | $78,316,775 | $7,743,423 | 9.9% |
| August | $78,539,367 | $10,091,279 | 12.8% |
| September | $130,547,719 | $16,989,682 | 13.0% |
| October | $164,170,106 | $15,898,881 | 9.7% |
| November | $165,026,282 | $17,414,783 | 10.6% |
| December | $160,266,050 | $15,767,490 | 9.8% |
DC Sports Betting Revenue
DC sports betting is off to a healthy start, but it will be fascinating to see how the move from issue-riddled Gambet to industry-leading FanDuel as the district's lone sportsbook will impact future handle and revenue numbers. Early 2024 trends suggest that the initial shine may have worn off on sports betting in the District of Columbia.
DC Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $27,934,560 | $3,152,719 | 11.2% |
| 2023 | $169,771,690 | $19,048,156 | 11.6% |
| 2022 | $216,231,404 | $23,210,126 | 10.7% |
DC 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $15,957,166 | $1,933,438 | 12.1% |
| February | $11,977,393 | $1,219,280 | 10.2% |
DC 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $20,115,254 | $1,494,441 | 7.4% |
| February | $14,634,828 | $1,193,982 | 8.2% |
| March | $18,091,767 | $2,275,690 | 12.6% |
| April | $14,052,054 | $1,418,907 | 10.1% |
| May | $12,532,898 | $2,024,803 | 16.2% |
| June | $11,150,332 | $484,672 | 4.3% |
| July | $7,722,843 | $1,409,549 | 18.3% |
| August | $8,111,021 | $1,048,451 | 12.9% |
| September | $14,480,473 | $1,934,261 | 13.4% |
| October | $16,435,888 | $2,001,444 | 12.2% |
| November | $17,128,830 | $1,227,995 | 7.2% |
| December | $15,315,496 | $2,533,959 | 16.5% |
DC 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $18,627,788 | $1,962,255 | 10.5% |
| February | $19,072,855 | $740,542 | 3.9% |
| March | $20,432,718 | $1,365,996 | 6.7% |
| April | $18,379,903 | $1,431,275 | 7.8% |
| May | $17,234,139 | $2,016,708 | 11.7% |
| June | $13,760,037 | $999,927 | 7.3% |
| July | $11,346,178 | $1,166,210 | 10.3% |
| August | $13,147,645 | $1,832,685 | 13.9% |
| September | $19,361,047 | $3,530,486 | 18.2% |
| October | $24,801,500 | $3,111,717 | 12.5% |
| November | $21,401,681 | $2,641,693 | 12.3% |
| December | $18,665,909 | $2,410,627 | 12.9% |
Delaware Sports Betting Revenue
The coffers in The First State are positively brimming thanks to a whopping 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 astronomical hold rates north of 20% in both 2022 and 2023.
Delaware Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $49,783,965 | $3,785,315 | 7.6% |
| 2023 | $65,326,807 | $14,539,393 | 22.3% |
| 2022 | $82,471,393 | $17,317,229 | 21% |
Delaware 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $17,085,199 | $1,957,473 | 11.5% |
| February | $13,763,241 | $659,017 | 4.8% |
| March | $18,935,525 | $1,168,825 | 6.2% |
Delaware 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold % |
| January | $8,457,660 | $2,325,156 | 27.5% |
| February | $4,120,957 | $373,701 | 9.10% |
| March | $3,491,183 | $626,371 | 17.9% |
| April | $3,450,142 | $454,657 | 13.2% |
| May | $2,760,829 | $314,900 | 11.4% |
| June | $3,128,258 | $123,625 | 4.0% |
| July | $2,256,345 | $378,416 | 16.8% |
| August | $2,400,532 | $426,015 | 17.7% |
| September | $7,633,258 | $1,544,760 | 20.2% |
| October | $10,663,361 | $3,828,072 | 35.9% |
| November | $8,126,283 | $1,101,041 | 13.5% |
| December | $8,837,999 | $3,042,679 | 34.4% |
Delaware 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $12,637,103 | $2,716,346 | 21.5% |
| February | $5,435,407 | $73,298 | 1.3% |
| March | $5,157,583 | $632,532 | 12.3% |
| April | $4,200,298 | $359,242 | 8.6% |
| May | $5,127,275 | $566,488 | 11.0% |
| June | $3,507,846 | $243,164 | 6.9% |
| July | $2,678,686 | $438,549 | 16.4% |
| August | $2,902,652 | $429,732 | 14.8% |
| September | $8,948,981 | $3,859,442 | 43.1% |
| October | $13,545,163 | $3,629,919 | 26.8% |
| November | $10,172,819 | $2,303,197 | 22.6% |
| December | $8,157,580 | $2,065,320 | 25.3% |
Illinois Sports Betting Revenue
Illinois joined the Billion Dollar Club for monthly handle in October 2022 and hasn't looked back, recording 11 billion-dollar months as of February 2024. Illinois sports betting features eight prominent betting sites, each of which pay a 15% tax on gross gaming revenue.
Illinois Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $2,356,868,985 | $206,673,860 | 8.8% |
| 2023 | $11,613,463,222 | $1,002,257,982 | 8.6% |
| 2022 | $9,739,208,276 | $794,102,885 | 8.2% |
Illinois 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,291,606,042 | $129,511,642 | 10.1% |
| February | $1,070,625,059 | $77,162,218 | 7.2% |
Illinois 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,077,486,085 | $96,005,711 | 8.9% |
| February | $880,452,830 | $68,362,951 | 7.8% |
| March | $1,062,509,013 | $97,231,066 | 10.0% |
| April | $906,722,813 | $89,462,802 | 9.9% |
| May | $819,211,197 | $89,075,298 | 10.9% |
| June | $668,151,969 | $54,669,429 | 8.2% |
| July | $609,750,651 | $60,276,102 | 9.9% |
| August | $664,265,657 | $47,023,954 | 7.1% |
| September | $1,064,847,529 | $86,263,444 | 8.1% |
| October | $1,169,105,324 | $112,724,122 | 9.6% |
| November | $1,374,822,624 | $72,722,090 | 5.3% |
| December | $1,316,137,531 | $128,441,014 | 9.8% |
Illinois 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $873,435,399 | $65,273,282 | 7.5% |
| February | $683,577,994 | $35,278,177 | 5.2% |
| March | $953,825,795 | $61,968,444 | 6.5% |
| April | $841,741,787 | $70,589,696 | 8.4% |
| May | $765,815,235 | $66,437,866 | 8.7% |
| June | $628,338,170 | $40,860,123 | 6.5% |
| July | $518,645,316 | $46,080,136 | 8.9% |
| August | $548,006,241 | $47,797,430 | 8.7% |
| September | $826,688,835 | $78,416,646 | 9.5% |
| October | $1,040,078,980 | $102,088,548 | 9.8% |
| November | $1,029,647,400 | $96,969,201 | 9.4% |
| December | $1,029,407,124 | $82,343,338 | 8.0% |
Indiana Sports Betting Revenue
Are we about to see a major boost in Indiana sports betting? The Indiana Pacers' dramatic improvement and the arrival of Caitlin Clark as the WNBA's Next Big Thing could provide 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 |
| 2024 | $1,390,006,149 | $129,007,240 | 9.3% |
| 2023 | $4,337,817,807 | $404,060,030 | 9.3% |
| 2022 | $4,470,774,958 | $386,785,294 | 8.7% |
Indiana 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $480,573,357 | $53,506,697 | 11.1% |
| February | $408,675,533 | $37,601,071 | 9.2% |
| March | $500,757,257 | $37,899,471 | 7.6% |
Indiana 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $427,154,794 | $35,347,154 | 8.3% |
| February | $356,187,759 | $28,076,424 | 7.9% |
| March | $433,022,775 | $43,746,469 | 10.1% |
| April | $321,404,737 | $29,349,149 | 9.1% |
| May | $283,495,510 | $33,542,239 | 11.8% |
| June | $224,070,051 | $19,036,099 | 8.5% |
| July | $203,788,074 | $23,420,740 | 11.5% |
| August | $238,079,854 | $23,329,751 | 9.8% |
| September | $404,141,002 | $40,624,361 | 10.1% |
| October | $429,673,062 | $46,135,347 | 10.7% |
| November | $513,672,424 | $26,848,975 | 5.2% |
| December | $503,127,765 | $54,603,323 | 10.9% |
Indiana 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $500,138,649 | $29,278,178 | 5.9% |
| February | $409,109,103 | $22,396,133 | 5.5% |
| March | $479,695,527 | $32,685,435 | 6.8% |
| April | $360,023,258 | $27,634,094 | 7.7% |
| May | $308,385,684 | $31,951,465 | 10.4% |
| June | $256,307,260 | $15,653,583 | 6.1% |
| July | $206,627,686 | $20,510,069 | 9.9% |
| August | $237,990,177 | $25,978,250 | 10.9% |
| September | $382,507,090 | $50,551,749 | 13.2% |
| October | $446,248,394 | $46,393,925 | 10.4% |
| November | $452,318,954 | $40,197,276 | 8.9% |
| December | $431,423,176 | $43,555,139 | 10.1% |
Iowa Sports Betting Revenue
Iowa sports betting is looking vibrant, though it hasn't quite bounced back to 2022 levels (at least based on early 2024 results). The state's 17 (!) betting sites are at least 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 |
| 2024 | $752,418,741 | $53,868,554 | 7.2% |
| 2023 | $2,420,464,386 | $198,797,419 | 8.2% |
| 2022 | $2,348,065,963 | $165,551,990 | 7.1% |
Iowa 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $259,468,795 | $22,064,697 | 8.5% |
| February | $220,583,731 | $13,608,942 | 6.2% |
| March | $272,366,214 | $18,194,914 | 6.7% |
Iowa 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $233,619,612 | $16,543,361 | 7.1% |
| February | $193,879,638 | $11,871,156 | 6.1% |
| March | $232,614,150 | $19,857,210 | 8.5% |
| April | $172,589,394 | $14,127,483 | 8.2% |
| May | $147,715,126 | $16,599,871 | 11.2% |
| June | $115,595,593 | $7,131,173 | 6.2% |
| July | $109,680,895 | $10,568,989 | 9.6% |
| August | $141,295,039 | $13,507,280 | 9.6% |
| September | $245,759,020 | $24,059,083 | 9.8% |
| October | $255,293,522 | $24,189,825 | 9.5% |
| November | $289,698,466 | $14,090,776 | 4.9% |
| December | $282,723,930 | $26,251,213 | 9.3% |
Iowa 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $303,327,688 | $14,269,557 | 4.7% |
| February | $215,921,313 | $8,579,100 | 4.0% |
| March | $233,525,474 | $14,411,046 | 6.2% |
| Apr | $177,370,317 | $12,398,243 | 7.0% |
| May | $147,913,284 | $12,630,387 | 8.5% |
| June | $122,437,950 | $6,568,678 | 5.4% |
| Julu | $108,556,796 | $11,173,191 | 10.3% |
| August | $122,568,313 | $14,418,923 | 11.8% |
| September | $200,230,741 | $25,417,557 | 12.7% |
| October | $238,788,234 | $19,137,523 | 8.0% |
| November | $247,476,284 | $5,802,261 | 2.3% |
| December | $229,949,570 | $20,745,524 | 9.0% |
Kansas Sports Betting Revenue
After enjoying initial success following its September 2022 launch, analysts and observers wondered how Kansas sports betting would fare over a full year – and they were no doubt impressed. Kansas hit the $250 million mark in handle in back-to-back months late in the year, though operators would have preferred to see a larger share of the pie.
Kansas Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $695,567,001 | $46,089,199 | 6.6% |
| 2023 | $2,121,564,412 | $182,415,461 | 8.6% |
| 2022 | $718,777,570 | $76,505,901 | 10.6% |
Kansas 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $239,618,587 | $20,864,472 | 8.7% |
| February | $203,046,644 | $8,463,732 | 4.2% |
| March | $252,901,770 | $16,760,995 | 6.6% |
Kansas 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $206,060,734 | $15,105,189 | 7.3% |
| February | $194,034,469 | (-$845,377) | (-0.4)% |
| March | $206,287,094 | $20,975,191 | 10.2% |
| April | $132,981,289 | $9,197,202 | 6.9% |
| May | $120,323,444 | $14,550,824 | 12.1% |
| June | $98,125,865 | $8,195,048 | 8.4% |
| July | $79,715,016 | $9,644,263 | 12.1% |
| August | $94,415,479 | $7,662,828 | 8.1% |
| September | $219,293,493 | $18,155,498 | 8.3% |
| October | $249,711,810 | $25,404,712 | 10.2% |
| November | $260,937,284 | $18,017,353 | 6.9% |
| December | $259,678,435 | $30,913,033 | 11.9% |
Kansas 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| September | $160,527,371 | $22,014,698 | 13.7% |
| October | $189,919,311 | $18,582,842 | 9.8% |
| November | $186,353,708 | $19,073,128 | 10.2% |
| December | $181,977,180 | $16,835,233 | 9.3% |
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 $61.3 million in gross revenue in the first two months of 2024 thanks to a 13.2% hold rate.
Kentucky Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $465,483,835 | $61,317,200 | 13.2% |
| 2023 | $886,130,170 | $110,199,075 | 12.4% |
Kentucky 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $257,108,231 | $39,250,213 | 15.3% |
| February | $208,375,604 | $22,066,987 | 10.6% |
Kentucky 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| September | $45,862,901 | $2,560,455 | 5.6% |
| October | $294,950,219 | $54,037,982 | 18.3% |
| November | $281,455,256 | $21,580,783 | 7.7% |
| December | $263,861,793 | $32,019,855 | 12.1% |
Louisiana Sports Betting Revenue
The health of Louisiana sports betting is beyond contestation – and the state's sportsbooks are reaping major benefits. Operators captured a 12.6% hold in 2023 and are pacing to equal that rate so far in 2024; retail establishments are taxed at a 10% rate, while online sportsbooks pay a 15% tax on revenue.
Louisiana Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $971,103,419 | $121,499,199 | 12.5% |
| 2023 | $2,905,136,865 | $366,965,819 | 12.6% |
| 2022 | $2,299,760,918 | $214,334,604 | 9.3% |
Louisiana 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $346,320,907 | $52,696,465 | 15.2% |
| February | $274,775,955 | $31,152,229 | 11.3% |
| March | $350,006,557 | $37,682,135 | 10.8% |
Louisiana 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $282,269,901 | $35,729,570 | 12.7% |
| February | $197,709,561 | $23,295,088 | 11.8% |
| March | $249,279,453 | $32,318,327 | 13.0% |
| April | $209,746,932 | $23,414,940 | 11.2% |
| May | $195,123,855 | $29,860,212 | 15.3% |
| June | $160,083,233 | $13,621,060 | 8.5% |
| July | $134,757,491 | $18,282,477 | 13.6% |
| August | $153,933,704 | $18,137,683 | 11.8% |
| September | $280,093,549 | $43,143,474 | 15.4% |
| October | $308,613,008 | $43,338,752 | 14.0% |
| November | $356,479,622 | $29,304,005 | 8.2% |
| December | $377,046,556 | $56,520,231 | 15.0% |
Louisiana 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $89,732,385 | $7,982,840 | 8.9% |
| February | $238,413,596 | $27,316,419 | 11.5% |
| March | $232,730,341 | $30,943,063 | 13.3% |
| April | $208,255,060 | $6,140,843 | 2.9% |
| May | $171,135,819 | $25,691,302 | 15.0% |
| June | $132,438,015 | $10,891,261 | 8.2% |
| July | $118,329,243 | $20,729,894 | 17.5% |
| August | $128,251,857 | $9,713,993 | 7.6% |
| September | $201,553,881 | $32,263,110 | 16.0% |
| October | $255,528,321 | $30,694,282 | 12.0% |
| November | $268,638,967 | (-$25,323,194) | (-9.4)% |
| December | $254,753,433 | $37,290,791 | 14.6% |
Maine Sports Betting Revenue
Welcome to the game, Maine! The goal of introducing legal Maine sports betting was finally achieved in November 2023, and the early results have been promising – though March 2024 was a real mixed bag for operators who saw record monthly handle but also claimed the lowest hold percentage in the history of legal Maine sports wagering.
Maine Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $119,028,546 | $12,324,582 | 10.4% |
| 2023 | $82,091,923 | $9,210,175 | 11.4% |
Maine 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $38,133,928 | $5,553,603 | 14.6% |
| February | $33,725,875 | $4,336,678 | 12.9% |
| March | $47,407,405 | $2,672,964 | 5.6% |
Maine 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| November | $37,605,088 | $4,723,855 | 12.6% |
| December | $44,486,835 | $4,486,320 | 10.1% |
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 |
| 2024 | $1,524,259,454 | $168,550,212 | 11.1% |
| 2023 | $4,617,323,132 | $514,081,189.02 | 11.2% |
| 2022 | $979,584,834 | $149,342,084.06 | 15.2% |
Maryland 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $544,971,369 | $80,000,651 | 14.7% |
| February | $442,557,658 | $43,445,464 | 9.8% |
| March | $536,730,427 | $45,104,096 | 8.4% |
Maryland 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $441,481,779 | $59,601,405 | 13.5% |
| February | $339,421,546 | $40,214,644 | 11.8% |
| March | $385,967,195 | $47,548,313 | 12.3% |
| April | $328,454,397 | $35,644,586 | 10.8% |
| May | $320,199,671 | $42,742,216 | 13.3% |
| June | $254,476,790 | $27,077,118 | 10.6% |
| July | $247,412,348 | $28,114,521 | 11.4% |
| August | $263,729,559 | $24,900,637 | 9.4% |
| September | $442,450,666 | $45,575,923 | 10.3% |
| October | $483,147,391 | $58,701,910 | 12.1% |
| November | $550,716,329 | $41,628,982 | 7.6% |
| December | $559,865,463 | $62,330,932 | 11.1% |
Maryland 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $32,530,831 | $4,375,316 | 13.4% |
| February | $25,526,148 | $955,377 | 3.7% |
| March | $31,025,892 | $3,846,791 | 12.4% |
| April | $26,908,845 | $2,838,501 | 10.5% |
| May | $23,095,542 | $3,019,311 | 13.1% |
| June | $19,121,331 | $1,309,834 | 6.9% |
| July | $15,492,757 | $2,026,548 | 13.1% |
| August | $18,650,802 | $3,231,851 | 17.3% |
| September | $31,376,072 | $6,639,776 | 21.2% |
| October | $39,663,586 | $5,309,436 | 13.4% |
| November | $219,071,374 | $30,620,539 | 14.0% |
| December | $497,121,656 | $85,168,804 | 17.1% |
Massachusetts Sports Betting Revenue
A healthy start to the new year has moved Massachusetts sports betting past the $6 billion mark in total handle all-time (as of February 2024). And a 9.4% hold rate through the first three months of 2024 is a welcome development for the sportsbooks; just a year earlier, Massachusetts opened its legal sports betting era with a negative hold for January 2023.
Massachusetts Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $1,847,859,802 | $174,419,020 | 9.4% |
| 2023 | $4,965,975,601 | $483,059,490 | 9.7% |
Massachusetts 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $651,747,269 | $72,718,240 | 11.2% |
| February | $542,480,675 | $53,860,585 | 9.9% |
| March | $658,740,415 | $47,840,193 | 7.3% |
Massachusetts 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $488,747 | (-$8,227) | (-1.7)% |
| February | $24,435,509 | $1,486,743 | 6.1% |
| March | $568,091,233 | $48,289,185 | 8.5% |
| April | $579,262,823 | $60,281,564 | 10.4% |
| May | $454,965,416 | $62,073,252 | 13.6% |
| June | $331,890,624 | $33,000,352 | 9.9% |
| July | $294,924,777 | $30,132,777 | 10.2% |
| August | $314,923,842 | $23,485,442 | 7.5% |
| September | $512,499,062 | $51,045,187 | 10.0% |
| October | $571,360,625 | $60,560,834 | 10.6% |
| November | $654,435,572 | $50,550,463 | 7.7% |
| December | $658,697,371 | $62,161,918 | 9.4% |
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. It ranks 10th among all legal states in total handle, having generated nearly $15 billion since introducing sports wagering. The state's 13 betting sites each pay an 8.4% tax rate on revenue.
Michigan Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $1,017,401,899 | $78,533,716. | 7.6% |
| 2023 | $4,810,903,876 | $434,348,364 | 9% |
| 2022 | $4,814,088,970 | $102,861,549 | 8.7% |
Michigan 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $601,585,141 | $48,177,009 | 8.0% |
| February | $415,816,758 | $30,356,706 | 7.3% |
Michigan 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $490,904,822 | $33,747,274 | 6.9% |
| February | $357,161,200 | $23,117,568 | 6.5% |
| March | $421,666,037 | $45,996,708 | 10.9% |
| April | $338,127,853 | $36,410,054 | 10.8% |
| May | $305,275,755 | $36,098,430 | 11.8% |
| June | $235,996,767 | $17,911,450 | 7.6% |
| July | $208,808,123 | $22,977,241 | 11.0% |
| August | $228,495,763 | $23,475,314 | 10.3% |
| September | $475,772,391 | $45,561,287 | 9.6% |
| October | $551,127,024 | $46,127,685 | 8.4% |
| November | $584,142,443 | $37,016,055 | 6.3% |
| December | $613,425,699 | $65,909,298 | 10.7% |
Michigan 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $532,681,710 | $36,608,569 | 6.9% |
| February | $423,768,381 | $21,630,857 | 5.1% |
| March | $477,967,947 | $32,404,415 | 6.8% |
| April | $396,009,819 | $32,608,465 | 8.2% |
| May | $356,130,390 | $35,913,103 | 10.1% |
| June | $292,389,429 | $15,813,098 | 5.4% |
| July | $224,966,256 | $22,874,718 | 10.2% |
| August | $229,797,476 | $24,655,179 | 10.7% |
| September | $383,102,602 | $50,409,621 | 13.2% |
| October | $504,336,507 | $51,324,376 | 10.2% |
| November | $498,118,043 | $42,709,152 | 8.6% |
| December | $494,820,409 | $50,437,156 | 10.2% |
Mississippi Sports Betting Revenue
Mississippi sports betting was one of the few legal operations to actually take a step back in 2023, seeing a 12.2% drop in handle and an 18.7% dip in gross revenue. And with the first three months of 2024 all down from the same time the previous year, a bounce-back could be a difficult proposition in Mississippi.
Mississippi Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $133,134,201 | $10,777,379 | 8.1% |
| 2023 | $474,275,129 | $51,224,141 | 11.2% |
| 2022 | $531,951,766 | $60,816,324 | 11.4% |
Mississippi 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $57,223,251 | $5,117,380 | 8.9% |
| February | $31,374,401 | $2,297,096 | 7.3% |
| March | $44,536,548 | $3,362,903 | 7.6% |
Mississippi 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $57,223,251 | $5,117,380 | 8.9% |
| February | $39,807,504 | $3,143,541 | 7.9% |
| March | $46,689,392 | $4,953,171 | 10.6% |
| April | $31,805,004 | $4,347,138 | 13.7% |
| May | $26,761,691 | $3,180,953 | 11.9% |
| June | $20,414,902 | $1,848,676 | 9.1% |
| July | $17,728,739 | $2,463,671 | 13.9% |
| August | $21,392,231 | $2,691,244 | 12.6% |
| September | $51,647,915 | $8,144,028 | 15.8% |
| October | $49,503,679 | $7,344,506 | 14.8% |
| November | $62,412,735 | $3,103,061 | 5.0% |
| December | $48,888,089 | $4,886,771 | 10.0% |
Mississippi 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $66,523,295 | $6,521,389 | 9.8% |
| February | $40,871,618 | $1,887,995 | 4.6% |
| March | $47,889,213 | $4,042,432 | 8.4% |
| April | $35,503,585 | $4,209,290 | 11.9% |
| May | $29,233,786 | $4,006,359 | 13.7% |
| June | $25,096,238 | $2,082,091 | 8.3% |
| July | $18,296,341 | $2,527,212 | 13.8% |
| August | $21,234,898 | $2,687,465 | 12.7% |
| September | $43,139,311 | $8,779,943 | 20.4% |
| October | $56,199,189 | $7,687,183 | 13.7% |
| November | $73,605,361 | $5,087,585 | 6.9% |
| December | $74,358,933 | $11,297,381 | 15.2% |
Montana Sports Betting Revenue
No one will ever confuse the Montana sports betting landscape with the country's heavy hitters – but The Treasure State has seen steady tax contributions through its legal sports wagering operation. Montana produced hold rates in excess of 13.5% in each of its first two years, with operators taxed at 8.5% on gross revenue.
Montana Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $17,154,032 | $1,605,897 | 9.4% |
| 2023 | $62,258,820 | $8,446,611 | 13.6% |
| 2022 | $50.918,515 | $7,173,449 | 13.9% |
Montana 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $5,863,499 | $852,106 | 14.5% |
| February | $4,702,532 | $253,229 | 5.4% |
| March | $6,588,001 | $500,562 | 7.6% |
Montana 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $7,139,581 | $979,495 | 13.7% |
| February | $4,366,807 | $560,668 | 12.8% |
| March | $5,784,045 | $925,542 | 16.0% |
| April | $5,201,964 | $633,005 | 12.2% |
| May | $4,457,829 | $666,686 | 15.0% |
| June | $3,353,974 | $282,263 | 8.4% |
| July | $2,587,209 | $560,046 | 21.6% |
| August | $3,221,337 | $337,442 | 10.5% |
| September | $6,204,965 | $676,451 | 10.9% |
| October | $6,787,517 | $1,102,195 | 16.2% |
| November | $6,996,429 | $717,423 | 10.2% |
| December | $6,157,163 | $1,005,395 | 16.3% |
Montana 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $5,117,844 | $669,464 | 13.1% |
| February | $3,631,705 | $705,841 | 19.4% |
| March | $3,981,218 | $671,606 | 16.9% |
| April | $3,243,425 | $389,693 | 12.0% |
| May | $3,236,702 | $382,130 | 11.8% |
| June | $2,911,455 | $274,694 | 9.4% |
| July | $2,560,000 | $274,000 | 10.7% |
| August | $2,975,100 | $440,591 | 14.8% |
| September | $4,940,321 | $975,542 | 19.7% |
| October | $5,319,627 | $681,222 | 12.8% |
| November | $5,782,523 | $777,488 | 13.4% |
| December | $7,218,595 | $931,178 | 12.9% |
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 sportsbooks, and the low hold percentage is further indication that Nevada-based sportsbooks are just better for the players.
Nevada Yearly Revenue Data
| Year | Handle | Gross revenue | Hold % |
| 2024 | $2,279,981,530 | $142,411,000 | 6.2% |
| 2023 | $8,261,020,999 | $481,863,000 | 5.8% |
| 2022 | $8,708,466,264 | $446,698,000 | 5.1% |
Nevada 2024 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold % |
| January | $782,817,412 | $64,739,000 | 8.3% |
| February | $711,887,072 | $47,910,000 | 6.7% |
| March | $785,277,044 | $29,762,000 | 3.8% |
Nevada 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| Jan | $935,788,497 | $50,439,000 | 5.4% |
| Feb | $659,361,022 | $41,276,000 | 6.3% |
| Mar | $830,511,364 | $43,851,000 | 5.3% |
| Apr | $598,018,291 | $30,533,000 | 5.3% |
| May | $527,438,596 | $32,415,000 | 5.7% |
| June | $479,949,495 | $9,503,000 | 2.0% |
| July | $407,996,769 | $25,255,000 | 6.2% |
| Aug | $431,000,000 | $18,102,000 | 4.2% |
| Sept | $811,158,854 | $62,297,000 | 7.7% |
| Oct | $815,676,647 | $68,109,000 | 8.4% |
| Nov | $921,168,539 | $40,992,000 | 4.5% |
| Dec | $842,952,924 | $59,091,000 | 7.0% |
Nevada 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| Jan | $1,111,044,444 | $49,997,000 | 4.5% |
| Feb | $780,833,333 | $30,921,000 | 4.0% |
| Mar | $862,757,009 | $36,926,000 | 4.3% |
| Apr | $583,149,425 | $25,367,000 | 4.4% |
| May | $561,309,771 | $26,999,000 | 4.8% |
| Jun | $490,411,523 | $23,834,000 | 4.9% |
| Jul | $419,147,287 | $16,221,000 | 3.9% |
| Aug | $408,854,962 | $16,068,000 | 3.9% |
| Sep | $761,099,138 | $70,630,000 | 9.3% |
| Oct | $921,539,708 | $56,859,000 | 6.2% |
| Nov | $927,857,143 | $37,671,000 | 4.1% |
| Dec | $880,462,520 | $55,205,000 | 6.3% |
New Hampshire Sports Betting Revenue
Things are looking up 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 9.7% in 2023 and is trending comfortably toward double digits so far this year. And that's a critical result 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 |
| 2024 | $208,173,349 | $21,990,997 | 10.6% |
| 2023 | $822,107,405 | $80,041,744 | 9.7% |
| 2022 | $891,727,581 | $66,714,382 | 7.5% |
New Hampshire 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $73,301,559 | $9,820,633 | 13.4% |
| February | $62,274,731 | $6,585,297 | 10.6% |
| March | $72,597,059 | $5,585,067 | 7.7% |
New Hampshire 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $97,163,182 | $12,317,536 | 12.7% |
| February | $86,999,460 | $7,112,917 | 8.2% |
| March | $103,390,747 | $4,828,031 | 4.7% |
| April | $65,083,883 | $6,670,481 | 10.2% |
| May | $52,137,614 | $7,042,470 | 13.5% |
| June | $39,707,739 | $4,372,429 | 11.0% |
| July | $36,929,342 | $3,511,867 | 9.5% |
| August | $38,765,940 | $3,344,212 | 8.6% |
| September | $66,848,811 | $6,178,362 | 9.2% |
| October | $77,838,541 | $8,781,951 | 11.3% |
| November | $78,491,464 | $8,228,924 | 10.5% |
| December | $78,750,682 | $7,652,564 | 9.7% |
New Hampshire 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $99,540,825 | $8,029,427 | 8.1% |
| February | $70,866,282 | $1,019,097 | 1.4% |
| March | $78,811,441 | $5,283,248 | 6.7% |
| April | $73,149,079 | $3,436,446 | 4.7% |
| May | $76,199,157 | $5,720,931 | 7.5% |
| June | $53,567,757 | $4,819,197 | 9.0% |
| July | $42,653,152 | $4,476,145 | 10.5% |
| August | $43,372,007 | $4,199,240 | 9.7% |
| September | $78,237,751 | $7,358,206 | 9.4% |
| October | $91,345,018 | $9,078,684 | 9.9% |
| November | $93,090,530 | $4,963,600 | 5.3% |
| December | $90,894,582 | $8,330,161 | 9.2% |
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 |
| 2024 | $4,129,352,751 | $328,010,691 | 7.9% |
| 2023 | $11,972,240,548 | $1,006,587,566 | 8.4% |
| 2022 | $10,944,165,739 | $762,954,905 | 7.0% |
New Jersey 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,719,170,088 | $170,758,334 | 9.9% |
| February | $1,081,171,835 | $67,564,386 | 6.2% |
| March | $1,329,010,828 | $89,687,971 | 6.7% |
New Jersey 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,082,233,033 | $72,330,439 | 6.7% |
| February | $847,405,611 | $54,621,220 | 6.4% |
| March | $1,025,779,225 | $93,039,999 | 9.1% |
| April | $833,900,000 | $72,300,000 | 8.7% |
| May | $778,854,263 | $82,165,404 | 10.5% |
| June | $591,081,897 | $66,356,838 | 11.2% |
| July | $587,019,749 | $61,013,433 | 10.4% |
| August | $725,849,450 | $96,041,019 | 13.2% |
| September | $1,299,016,274 | $111,145,385 | 8.6% |
| October | $1,293,468,722 | $92,258,295 | 7.1% |
| November | $1,623,072,184 | $95,889,050 | 5.9% |
| December | $1,284,560,140 | $109,426,484 | 8.5% |
New Jersey 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,348,860,083 | $60,195,902 | 4.5% |
| February | $985,568,313 | $30,873,369 | 3.1% |
| March | $1,120,904,954 | $66,404,370 | 5.9% |
| April | $926,946,780 | $50,345,808 | 5.4% |
| May | $765,984,114 | $61,594,016 | 8.0% |
| June | $633,184,861 | $39,245,213 | 6.2% |
| July | $531,888,333 | $45,007,343 | 8.5% |
| August | $546,774,394 | $65,272,385 | 11.9% |
| September | $866,719,412 | $97,981,122 | 11.3% |
| October | $1,060,154,535 | $77,907,041 | 7.3% |
| November | $1,101,622,966 | $80,426,931 | 7.3% |
| December | $1,055,556,994 | $87,701,405 | 8.3% |
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 more than $39 billion generated through the first 26 months of operation, the $3.35 billion in total gross revenue generated by operators and the whopping 50% tax rate to which they're subjected, no state has a bigger industry impact.
New York Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $5,599,214,408 | $495,576,264 | 8.9% |
| 2023 | $19,196,867,481 | $1,696,664,242 | 8.8% |
| 2022 | $16,288,073,161 | $1,367,052,768 | 8.4% |
New York 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,965,468,151 | $211,706,706 | 10.8% |
| February | $1,779,072,192 | $131,331,307 | 7.4% |
| March | $1,854,674,065 | $152,553,937 | 8.2% |
New York 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,799,048,366 | $149,886,749 | 8.3% |
| February | $1,474,299,933 | $108,281,940 | 7.3% |
| March | $1,792,885,346 | $163,582,117 | 9.1% |
| April | $1,550,014,914 | $138,820,564 | 8.5% |
| May | $1,363,794,316 | $152,643,135 | 11.2% |
| June | $1,170,989,676 | $103,956,641 | 8.9% |
| July | $966,555,215 | $105,510,884 | 10.9% |
| August | $1,118,163,959 | $99,241,793 | 8.9% |
| September | $1,767,913,850 | $166,834,225 | 9.4% |
| October | $2,017,133,483 | $167,327,704 | 8.3% |
| November | $2,122,331,713 | $151,291,344 | 7.1% |
| December | $2,053,736,710 | $189,287,146 | 9.2% |
New York 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,686,263,898 | $123,810,126 | 7.3% |
| February | $1,534,078,893 | $82,149,599 | 5.4% |
| March | $1,644,789,692 | $114,956,204 | 7.0% |
| April | $1,396,791,941 | $104,535,898 | 7.5% |
| May | $1,269,862,570 | $110,418,075 | 8.7% |
| June | $1,056,694,012 | $72,441,500 | 6.9% |
| July | $804,966,381 | $73,880,416 | 9.2% |
| August | $877,407,454 | $100,760,793 | 11.5% |
| September | $1,265,553,630 | $145,039,867 | 11.5% |
| October | $1,555,051,007 | $146,845,938 | 9.4% |
| November | $1,564,144,673 | $149,244,901 | 9.5% |
| December | $1,632,469,010 | $142,969,451 | 8.8% |
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 a double-digit hold in Month 1.
North Carolina Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $659,308,541 | $66,496,213 | 10.1% |
North Carolina 2024 Monthly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| March | $659,308,541 | $66,496,213 | 10.1% |
Ohio Sports Betting Revenue
Ohio sports betting landed with a sonic boom, exceeding $1.1 billion in handle and $200 million in gross revenue in its opening month (January 2023). Yet strangely, the state has yet to repeat those lofty totals despite seeing consistently strong numbers throughout its first 14 months of operation. Ohio sportsbooks pay an eye-opening 33% tax rate.
Ohio Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $1,472,994,210 | $179,741,678 | 12.2% |
| 2023 | $7,670,544,772 | $936,365,302 | 12.2% |
Ohio 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $806,149,042 | $113,367,294 | 14.1% |
| February | $666,845,168 | $66,374,384 | 10.0% |
Ohio 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $1,114,101,739 | $209,037,382 | 18.8% |
| February | $639,795,553 | $82,879,568 | 13.0% |
| March | $738,613,175 | $95,313,123 | 12.9% |
| April | $521,703,584 | $63,819,857 | 12.2% |
| May | $447,477,360 | $57,828,887 | 13.0% |
| June | $363,066,723 | $32,559,655 | 9.0% |
| July | $331,083,998 | $37,094,807 | 11.2% |
| August | $378,788,183 | $40,722,424 | 10.8% |
| September | $691,660,975 | $81,637,995 | 11.8% |
| October | $747,662,730 | $80,384,455 | 10.8% |
| November | $865,465,266 | $67,853,190 | 7.8% |
| December | $831,125,486 | $87,233,959 | 10.5% |
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 scant 2.3% tax rate on revenue in The Beaver State.
Oregon Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $207,190,818 | $24,984,045 | 12.1% |
| 2023 | $635,565,166 | $75,663,580 | 11.2% |
| 2022 | $497,985,326 | $49,519,545 | 9.9% |
Oregon 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $69,889,711 | $9,898,882 | 14.2% |
| February | $67,902,926 | $7,786,240 | 11.5% |
| March | $69,398,182 | $7,298,922 | 10.5% |
Oregon 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $62,328,293 | $7,546,966 | 12.1% |
| February | $48,425,409 | $4,261,284 | 8.8% |
| March | $50,456,710 | $6,088,343 | 12.1% |
| April | $55,167,184 | $7,051,980 | 12.8% |
| May | $52,122,283 | $6,462,472 | 12.4% |
| June | $43,861,20 | $4,336,368 | 9.9% |
| July | $40,428,203 | $4,150,625 | 10.3% |
| August | $44,542,070 | $3,507,634 | 7.9% |
| September | $61,354,332 | $6,720,396 | 11.0% |
| October | $71,903,468 | $8,545,270 | 11.9% |
| November | $71,231,497 | $7,292,147 | 10.2% |
| December | $73,219,597 | $9,700,095 | 13.2% |
Oregon 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $42,899,735 | $2,389,280 | 5.6% |
| February | $39,458,431 | $3,335,165 | 8.5% |
| March | $36,208,011 | $3,620,610 | 10.0% |
| April | $42,936,415 | $3,824,165 | 8.9% |
| May | $41,708,884 | $5,034,036 | 12.1% |
| June | $33,966,896 | $2,548,192 | 7.5% |
| July | $28,453,075 | $2,700,447 | 9.5% |
| August | $28,196,193 | $2,707,041 | 9.6% |
| September | $39,292,037 | $5,465,182 | 13.9% |
| October | $55,555,464 | $5,783,452 | 10.4% |
| November | $55,503,996 | $6,418,578 | 11.6% |
| December | $53,806,189 | $5,693,397 | 10.6% |
Pennsylvania Sports Betting Revenue
The Keystone State is the fifth-highest revenue producer all-time since the repeal of PASPA, with Pennsylvania sports betting producing more than $2.3 billion on a whopping $28.1 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 |
| 2024 | $2,320,611,647 | $211,822,680 | 9.1% |
| 2023 | $7,682,694,849 | $686,856,678 | 8.9% |
| 2022 | $7,251,428,759 | $597,364,960 | 8.2% |
Pennsylvania 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $858,152,502 | $97,681,399 | 11.4% |
| February | $661,740,812 | $50,425,678 | 7.6% |
| March | $800,718,331 | $63,715,603 | 8.0% |
Pennsylvania 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $772,289,648 | $57,982,069 | 7.5% |
| February | $599,529,429 | $62,214,502 | 10.4% |
| March | $723,545,806 | $66,465,774 | 9.2% |
| April | $572,152,803 | $51,786,464 | 6.5% |
| May | $495,585,360 | $57,533,744 | 11.6% |
| June | $373,171,415 | $33,866,725 | 9.1% |
| July | $338,450,263 | $39,406,353 | 11.6% |
| August | $393,007,298 | $30,614,565 | 7.8% |
| September | $726,259,712 | $66,109,574 | 9.1% |
| October | $829,002,595 | $73,631,197 | 8.9% |
| November | $934,130,152 | $49,147,979 | 5.3% |
| December | $925,570,368 | $98,097,732 | 10.6% |
Pennsylvania 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $793,722,787 | $53,403,655 | 6.7% |
| February | $597,064,049 | $22,160,553 | 3.7% |
| March | $714,976,578 | $48,512,264 | 6.8% |
| April | $572,817,741 | $49,083,331 | 8.6% |
| May | $493,350,519 | $47,828,553 | 9.7% |
| June | $393,494,222 | $22,889,554 | 5.8% |
| July | $336,507,932 | $33,226,517 | 9.9% |
| August | $363,046,972 | $42,185,145 | 11.6% |
| September | $645,242,681 | $75,319,093 | 11.7% |
| October | $797,124,732 | $61,519,576 | 7.7% |
| November | $789,230,672 | $69,997,949 | 8.9% |
| December | $754,849,873 | $71,238,770 | 9.4% |
Rhode Island Sports Betting Revenue
As you might expect from a state with a population of just over 1.1 million people, Rhode Island sports betting has provided a modest boost to the state's tax coffers. It is notable, though, that while the majority of legal betting jurisdictions saw year-over-year increases in 2023, Rhode Island actually had a 15.4% drop in handle and a 22.4% dip in revenue.
Rhode Island Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $128,462,658 | $10,991,340 | 8.6% |
| 2023 | $461,553,426 | $40,277,816 | 8.7% |
| 2022 | $532,609,814 | $49,298,062 | 9.3% |
Rhode Island 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $44,808,686 | $4,999,921 | 11.2% |
| February | $38,758,578 | $2,888,343 | 7.5% |
| March | $44,895,394 | $3,103,076 | 6.9% |
Rhode Island 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $62,317,384 | $5,164,799 | 8.3% |
| February | $43,065,996 | $3,612,113 | 8.4% |
| March | $41,546,643 | $3,968,567 | 9.6% |
| April | $37,496,094 | $3,009,679 | 8.0% |
| May | $30,754,497 | $3,898,405 | 12.7% |
| June | $23,723,659 | $1,783,530 | 7.5% |
| July | $20,238,844 | $1,896,983 | 9.4% |
| August | $22,742,561 | $1,365,807 | 6.0% |
| September | $37,645,368 | $3,472,089 | 9.2% |
| October | $45,840,376 | $4,545,634 | 9.9% |
| November | $48,277,794 | $3,413,200 | 7.1% |
| December | $47,904,210 | $4,147,010 | 8.7% |
Rhode Island 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $58,614,487 | $5,228,277 | 8.9% |
| February | $42,143,261 | $3,566,393 | 8.5% |
| March | $45,766,958 | $3,738,223 | 8.2% |
| April | $40,186,632 | $2,632,134 | 6.5% |
| May | $41,103,489 | $2,336,733 | 5.7% |
| June | $34,229,823 | $2,352,896 | 6.9% |
| July | $25,208,531 | $2,872,076 | 11.4% |
| August | $27,744,694 | $3,000,421 | 10.8% |
| September | $41,670,257 | $6,361,823 | 15.3% |
| October | $55,527,937 | $6,156,914 | 11.1% |
| November | $61,208,319 | $4,862,856 | 7.9% |
| December | $59,205,426 | $6,189,316 | 10.5% |
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 |
| 2024 | $1,564,831 | $56,349 | 2.7% |
| 2023 | $9,088,690 | $1,009,930 | 11.1% |
| 2022 | $7,192,828 | $871,511 | 12.1% |
South Dakota 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $868,815 | $94,755 | 10.9% |
| February | $696,016 | (-$38,405) | (-5.5)% |
| March | $1,242,270 | $91,215 | 7.3% |
South Dakota 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $910,312 | $123,365 | 13.6% |
| February | $771,137 | $82,853 | 10.7% |
| March | $923,904 | $161,368 | 17.5% |
| April | $493,045 | $22,503 | 4.6% |
| May | $528,562 | $22,536 | 4.3% |
| June | $417,025 | (-$9,254) | (-2.2)% |
| July | $413,368 | $20,087 | 4.9% |
| August | $518,052 | $37,453 | 7.2% |
| September | $979,694 | $170,129 | 17.4% |
| October | $1,021,660 | $174,906 | 17.1% |
| November | $967,994 | $49,887 | 5.2% |
| December | $1,143,938 | $154,098 | 13.5% |
South Dakota 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $835,252 | $82,291 | 9.9% |
| February | $685,631 | $71,807 | 10.5% |
| March | $975,347 | $32,389 | 3.3% |
| April | $368,517 | (-$13,735) | (-3.7)% |
| May | $307,995 | $25,102 | 8.2% |
| June | $301,217 | $27,869 | 9.3% |
| July | $259,180 | $16,143 | 6.2% |
| August | $266,673 | $59,053 | 22.1% |
| September | $711,577 | $211,612 | 29.7% |
| October | $862,170 | $131,749 | 15.3% |
| November | $861,660 | $75,856 | 8.8% |
| December | $757,610 | $151,374 | 20.0% |
Tennessee Sports Betting Revenue
Tennessans 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 ($12.5 billion) and revenue ($1.23 billion), generating more than $220 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 |
| 2024 | $1,319,796,387 | $131,979,639 | 10.0% |
| 2023 | $4,292,352,235 | $451,028,296 | 10.5% |
| 2022 | $3,850,547,906 | $378,409,891 | 9.8% |
Tennessee 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $467,403,058 | $46,740,306 | 10.0% |
| February | $380,390,401 | $38,039,040 | 10.0% |
| March | $473,595,403 | $47,359,540 | 10.0% |
Tennessee 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $410,773,606 | $41,392,586 | 10.1% |
| February | $327,326,201 | $33,943,931 | 10.4% |
| March | $392,667,304 | $45,506,700 | 11.6% |
| April | $318,416,216 | $34,257,592 | 10.8% |
| May | $279,794,996 | $37,097,192 | 13.3% |
| June | $230,337,515 | $25,526,655 | 11.1% |
| July | $214,114,055 | $21,411,406 | 10.0% |
| August | $243,456,822 | $24,345,682 | 10.0% |
| September | $418,063,447 | $41,806,345 | 10.0% |
| October | $445,192,913 | $44,519,291 | 10.0% |
| November | $517,141,377 | $51,714,138 | 10.0% |
| December | $495,067,783 | $49,506,778 | 10.0% |
Tennessee 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $386,059,756 | $36,249,453 | 9.4% |
| February | $313,298,305 | $20,945,018 | 6.7% |
| March | $370,230,004 | $26,520,468 | 7.2% |
| April | $292,796,670 | $26,142,800 | 8.9% |
| May | $261,582,468 | $27,315,928 | 10.4% |
| June | $215,774,186 | $15,855,649 | 7.3% |
| July | $182,769,323 | $18,174,226 | 9.9% |
| August | $205,863,860 | $27,200,883 | 13.2% |
| September | $336,933,437 | $46,285,200 | 13.7% |
| October | $405,337,575 | $37,295,159 | 9.2% |
| November | $439,456,908 | $47,248,222 | 10.8% |
| December | $440,445,414 | $49,176,885 | 11.2% |
Vermont Sports Betting Revenue
Vermont sports betting is one of the newest operations in the U.S., having just launched at the start of 2024. And the early returns have been good for the books, with a 13.5% hold percentage through the first three months. 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 |
| 2024 | $61,099,422 | $8,273,017 | 13.5% |
Vermont 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $19,913,914 | $4,211,197 | 21.1% |
| February | $21,249,828 | $2,547,167 | 12.0% |
| March | $19,935,678 | $1,514,552 | 7.6% |
Virginia Sports Betting Revenue
The Old Dominion State is thriving like few others in the wagering space. Virginia sports betting has welcomed a whopping 16 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 ($14.9 billion) all-time since launching in 2021.
Virginia Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $1,197,948,179 | $124,378,087 | 10.3% |
| 2023 | $5,590,022,862 | $560,201,501 | 10% |
| 2022 | $4,914,954,449 | $481,245,370 | 9.8% |
Virginia 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $652,879,750 | $74,337,290 | 11.4% |
| February | $545,068,429 | $50,040,797 | 9.2% |
Virginia 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $513,154,592 | $49,721,327 | 9.7% |
| February | $433,807,108 | $39,766,908 | 9.2% |
| March | $511,614,541 | $55,258,910 | 10.8% |
| April | $425,982,859 | $45,121,878 | 10.6% |
| May | $403,719,160 | $48,144,550 | 11.9% |
| June | $325,455,052 | $32,668,024 | 10.0% |
| July | $293,611,789 | $32,471,396 | 11.1% |
| August | $319,005,942 | $32,359,888 | 10.1% |
| September | $520,304,187 | $54,081,414 | 10.4% |
| October | $571,354,817 | $63,996,952 | 11.2% |
| November | $638,831,057 | $43,003,244 | 6.7% |
| December | $633,181,758 | $63,607,010 | 10.0% |
Virginia 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $485,544,417 | $39,050,067 | 8.0% |
| February | $401,889,135 | $27,508,998 | 6.8% |
| March | $469,484,017 | $33,700,016 | 7.2% |
| April | $399,478,366 | $36,275,264 | 9.1% |
| May | $351,452,931 | $42,537,524 | 12.1% |
| June | $295,235,271 | $25,965,182 | 8.8% |
| July | $266,001,583 | $26,024,408 | 9.8% |
| August | $284,671,331 | $36,978,897 | 13.0% |
| September | $411,273,323 | $53,822,282 | 13.1% |
| October | $528,029,938 | $51,164,199 | 9.7% |
| November | $518,818,987 | $57,531,255 | 11.1% |
| December | $503,075,150 | $50,687,278 | 10.1% |
West Virginia Sports Betting Revenue
The West Virginia sports betting picture isn't as rosy as operators in The Mountain State would like it to be. The state saw a drop of nearly $90 million in handle from 2022 to 2023, resulting in a $3.1 million reduction in gross revenue. And early 2024 trends suggest that the state's nine sports betting sites might find themselves treading water this year.
West Virginia Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold |
| 2024 | $137,052,844 | $14,429,043 | 10.5% |
| 2023 | $483,227,416 | $47,723,640 | 9.9% |
| 2022 | $571,317,847 | $50,822,382 | 8.9% |
West Virginia 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $50,562,352 | $6,472,411 | 12.8% |
| February | $39,271,363 | $3,545,480 | 9.0% |
| March | $47,219,129 | $4,411,150 | 9.3% |
West Virginia 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $49,384,637 | $4,019,360 | 8.1% |
| February | $39,740,983 | $2,726,640 | 6.9% |
| March | $45,538,667 | $4,469,377 | 9.8% |
| April | $40,827,987 | $3,107,176 | 7.6% |
| May | $35,140,815 | $3,849,530 | 11.0% |
| June | $23,695,286 | $2,053,727 | 8.7% |
| July | $22,301,062 | $2,719,702 | 12.2% |
| August | $23,959,192 | $2,595,871 | 10.8% |
| September | $44,472,879 | $4,333,428 | 9.7% |
| October | $47,737,777 | $6,376,269 | 13.4% |
| November | $56,419,080 | $5,155,090 | 9.1% |
| December | $54,009,052 | $6,317,472 | 11.7% |
West Virginia 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $65,125,042 | $4,528,101 | 7.0% |
| February | $48,476,816 | $1,904,490 | 3.9% |
| March | $55,672,438 | $3,117,541 | 5.6% |
| April | $38,655,331 | $3,067,780 | 7.9% |
| May | $40,439,679 | $3,748,227 | 9.3% |
| June | $30,145,409 | $2,066,930 | 6.9% |
| July | $25,769,135 | $2,706,044 | 10.5% |
| August | $28,553,358 | $3,455,974 | 12.1% |
| September | $49,859,709 | $7,217,919 | 14.5% |
| October | $56,968,266 | $5,427,011 | 9.5% |
| November | $72,947,153 | $5,521,747 | 7.6% |
| December | $58,705,514 | $8,060,617 | 13.7% |
Wyoming Sports Betting Revenue
Things are looking mighty fine in The Cowboy State to kick off 2024. Wyoming sports betting revenue is at $6.3 million through the first two months, putting it well on pace to surpass last year's $17.3 million take. 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 % |
| 2024 | $53,474,579 | $6,327,865 | 11.8% |
| 2023 | $172,247,303 | $17,293,649 | 10% |
| 2022 | $144,525,803 | $14,790,230 | 10.2% |
Wyoming 2024 Monthly Revenue Data
| Month | Handle | Gross revenue | Hold |
| January | $20,272,552 | $2,662,549 | 13.1% |
| February | $15,511,285 | $1,946,593 | 12.5% |
| March | $17,690,741 | $1,718,721 | 9.7% |
Wyoming 2023 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $14,339,351 | $1,587,273 | 11.1% |
| February | $11,591,163 | $1,105,841 | 9.5% |
| March | $14,777,639 | $1,837,412 | 12.4% |
| April | $12,623,675 | $1,264,212 | 10.0% |
| May | $12,778,371 | $1,306,929 | 10.2% |
| June | $9,483,450 | $775,389 | 8.2% |
| July | $8,145,480 | $998,740 | 12.3% |
| August | $10,464,584 | $1,207,821 | 11.5% |
| September | $19,259,607 | $1,525,986 | 7.9% |
| October | $21,234,828 | $2,271,665 | 10.7% |
| November | $18,525,420 | $1,562,756 | 8.4% |
| December | $19,023,734 | $1,849,624 | 9.7% |
Wyoming 2022 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold |
| January | $13,977,632 | $1,098,460 | 7.9% |
| February | $10,301,603 | $722,631 | 7.0% |
| March | $12,704,938 | $1,104,236 | 8.7% |
| April | $9,999,592 | $1,007,796 | 10.1% |
| May | $9,340,833 | $1,011,714 | 10.8% |
| June | $7,322,852 | $673,269 | 9.2% |
| July | $7,246,352 | $680,740 | 9.4% |
| August | $10,990,904 | $1,237,815 | 11.3% |
| September | $13,575,173 | $1,932,519 | 14.2% |
| October | $17,275,317 | $2,039,620 | 11.8% |
| November | $16,702,867 | $1,478,158 | 8.8% |
| December | $15,087,739 | $1,803,272 | 12.0% |
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.
