US Sports Betting Revenue & Handle: Tracking Betting Market Data 2025

Curious how much each state is betting? Sportsbook Review breaks down the U.S. sports betting revenue picture one state at a time.

James Bisson

Last Updated: June 14, 2025 4:14 PM EDT • 22 minute read

Sports are shown on TVs behind the bar as guests enjoy the grand opening of DraftKings Sports & Social in the Short North. Photo By: Adam Cairns / Columbus Dispatch / USA TODAY NETWORK via Imagn.

Sports betting remains one of the fastest-growing industries in the U.S. – at least when it comes to revenue.

With nearly $150 billion legally wagered nationwide in 2024 — and 2025 tracking slightly ahead of that pace — it’s clear that sports betting has carved out a massive role in the American sports ecosystem.

Below, we break down the most current numbers both nationally and by state, including monthly handle and hold for every legal jurisdiction. This page updates regularly, so check back often.

US Sports Betting Revenue: 2025 vs Previous Years

Let there be no doubt that sports betting continues to grow at a breakneck pace.

After taking in $57.6 billion in total legal wagers for the first five months of 2025, the U.S. has now seen nearly $520 billion in bets at legal sportsbooks since the Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018.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, 2018-25

Year	Handle	Gross Revenue	Hold	Taxes
2025 (to date)	$57,600,734,259	$5,529,470,446	9.6%	$1,247,963,122
2024	$148,745,093,930	$13,630,922,839	9.2%	$2,825,789,182
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, 2025 to Date

Month	Handle	Gross Revenue	Hold	Taxes
January	$15,788,151,641	$1,681,265,226	10.6%	$380,898,032
February	$12,521,625,296	$1,231,658,993	9.8%	$265,362,260
March	$14,653,747,128	$961,655,899	6.6%	$219,613,052
April	$10,543,592,496	$988,025,197	9.4%	$219,082,825
May	$4,093,617,698	$666,865,131	16.3%	$163,006,953

Month-by-Month Data, 2024 to Date

Month	Handle	Gross Revenue	Hold	Taxes
January	$13,875,554,967	$1,503,994,174	10.80%	$297,149,436
February	$11,320,643,092	$898,294,369	7.9%	$175,024,497
March	$13,926,298,636	$1,091,594,989	7.8%	$211,635,220
April	$12,079,357,714	$1,182,790,901	9.8%	$239,533,864
May	$11,054,042,861	$1,159,666,546	10.5%	$247,627,136
June	$9,106,391,978	$859,396,516	9.4%	$178,671,718
July	$7,924,449,890	$882,012,664	11.1%	$186,494,282
August	$9,084,430,021	$801,440,496	8.8%	$165,392,877
September	$14,007,198,262	$1,573,008,423	11.2%	$316,863,318
October	$15,212,896,198	$1,083,526,165	7.1%	$229,478,922
November	$16,237,943,247	$1,723,989,901	10.6%	$367,769,771
December	$15,788,199,465	$932,871,620	5.9%	$212,749,578

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 looked strong to open 2025, beating its 2024 start by 16% in handle, 20% in gross revenue and 25% in taxes. 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
2025	$1,563,973,356	$150,588,278	9.6%	$9,298,560
2024	$7,959,647,194	$707,713,945	8.9%	$42,739,709
2023	$6,573,800,271	$557,533,412	8.5%	$27,977,327

Arizona 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$864,246,556	$85,003,961	9.8%	$5,318,013
February	$699,726,800	$65,584,317	9.4%	$3,980,547

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
October	$791,243,694	$55,622,010	7.0%	$2,353,297
November	$897,635,847	$86,285,876	9.6%	$5,731,498
December	$849,316,636	$51,089,325	6.0%	$2,580,184

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

Arkansas Sports Betting Revenue

Arkansas sports betting is pacing for its second straight hold drop in 2025, but a strong April (9.3%) helped at least partially remove the sour taste of a dismal March (2.9%). 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
2025	$222,934,151	$17,563,982	7.9%	$2,758,824
2024	$557,920,063	$48,201,727	8.6%	$7,090,672
2023	$404,764,327	$37,190,265	9.2%	$4,159,607

Arkansas 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$62,347,910	$6,931,367	11.1%	$1,023,821
February	$46,305,952	$4,386,890	9.5%	$656,426
March	$65,593,042	$1,703,065	2.6%	$248,846
April	$48,687,247	$4,542,660	9.3%	$829,731

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
November	$66,058,203	$9,201,130	13.9%	$1,196,147
December	$66,015,968	$1,804,605	2.7%	$251,460

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

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). And while handle has been flat year-over-year through the first four months of 2025, three solid months of hold have Colorado pacing for a new record in the category this year.

Colorado Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$2,279,716,657	$191,810,337	8.4%	$13,494,856
2024	$6,187,564,045	$475,176,731	7.7%	$31,934,112
2023	$5,560,232,285	$391,773,823	7.0%	$22,251,879

Colorado 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$657,182,798	$60,909,819	9.3%	$4,443,574
February	$496,628,781	$46,377,521	9.3%	$3,431,766
March	$618,044,247	$37,247,841	6.0%	$2,217,394
April	$507,860,831	$47,275,156	9.3%	$3,402,122

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
November	$647,951,807	$55,666,475	8.6%	$3,958,611
December	$648,426,634	$29,828,799	4.6%	$1,488,607

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

Connecticut Sports Betting Revenue

Connecticut sports betting is off to a blazing start in 2025, surpassing its 2024 handle in each of its first four months while pacing toward another double-digit hold showing for the year. Operators pay 13.75% on retail revenue and 18% on online earnings.

Connecticut Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$788,213,098	$84,641,900	10.7%	$9,447,960
2024	$2,175,360,041	$220,927,952	10.2%	$26,089,528
2023	$1,763,017,692	$182,249,354	10.3%	$15,550,842

Connecticut 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$229,341,717	$27,646,389	12.1%	$3,095,758
February	$169,389,080	$20,788,142	12.3%	$2,346,734
March	$207,660,971	$16,887,263	8.1%	$1,873,342
April	$181,821,330	$19,320,106	10.6%	$2,132,126

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
November	$228,155,465	$30,693,791	13.5%	$3,509,155
December	$232,974,377	$3,701,477	1.6%	$1,909,479

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

DC Sports Betting Revenue

The first full year of open competition on the DC sports betting scene has produced predictable results so far, with 2025 handle on pace to shatter the 2024 mark. Gross revenue and tax income should also soar to new heights despite a depressed hold compared with years past.

DC Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$290,163,286	$31,161,549	10.7%	$7,187,854
2024	$461,587,513	$53,736,168	11.6%	$16,319,498
2023	$169,771,690	$19,048,327	11.2%	$4,430,601

DC 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$73,096,228	$9,295,356	12.7%	$2,090,104
February	$59,507,037	$7,349,433	12.4%	$1,684,139
March	$86,014,452	$6,222,044	7.2%	$1,496,244
April	$71,545,569	$8,294,716	11.6%	$1,917,367

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
November	$68,272,811	$9,029,019	13.2%	$2,056,657
December	$65,333,157	$4,035,336	6.2%	$899,740

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

Delaware Sports Betting Revenue

It's a good thing that The First State has seen healthy year-over-year gains in handle, because the state's hold rate remains dismal so far in 2025. BetRivers, the lone Delaware sports betting operator, is forced to hand over 50% of its revenue to the Delaware government, which makes that slim hold rate even more difficult to stomach.

Delaware Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$99,122,353	$6,398,465	6.5%	$3,513,649
2024	$216,240,459	$16,372,416	8.7%	$9,554,383
2023	$65,326,807	$10,896,745	16.7%	$6,069,075

Delaware 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$23,805,707	$1,944,581	8.2%	$1,113,892
February	$18,056,720	$726,313	4.0%	$365,328
March	$21,585,890	$1,033,146	4.8%	$574,475
April	$18,213,653	$1,386,298	7.6%	$754,006
May	$17,460,383	$1,308,127	7.5%	$705,948

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
November	$26,390,185	$2,935,614	11.1%	$1,948,890
December	$28,445,372	$116,593	0.4%	-$171,708

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

Illinois Sports Betting Revenue

The Illinois sports betting landscape remains one of the most vibrant in the U.S. – and state legislators are taking full advantage of its popularity. They've introduced a tax on all wagers moving forward – prompting FanDuel to subsequently announce a bet surcharge in the same amount. DraftKings quickly followed suit.

Illinois Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$4,118,733,364	$364,796,876	8.9%	$135,816,966
2024	$14,012,863,146	$1,203,129,670	8.6%	$276,497,566
2023	$11,620,474,009	$1,009,342,552	8.7%	$128,816,132

Illinois 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$1,473,948,072	$147,771,970	10.0%	$54,048,214
February	$1,150,508,464	$116,066,555	10.1%	$47,116,812
March	$4,118,733,364	$100,958,351	6.8%	$34,651,940

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
October	$1,445,844,471	$87,961,661	6.1%	$25,365,066
November	$1,532,470,270	$155,897,761	10.2%	$49,672,743
December	$1,487,475,947	$94,401,108	6.3%	$36,137,623

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

Indiana Sports Betting Revenue

The Indiana sports betting boon of 2024 has carried over into the early stages of 2025, with the state having pulled in an additional $180 million in handle over the same period in 2024. And that's a welcome sight for operators in the Hoosier State, who pay a reasonable 9.5% tax on both retail and online revenue.

Indiana Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$1,962,273,133	$180,750,998	9.2%	$16,982,729
2024	$5,212,332,664	$484,972,000	9.3%	$46,245,606
2023	$4,337,817,508	$404,363,766	9.3%	$30,687,089

Indiana 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$538,705,450	$57,029,654	10.6%	$5,231,271
February	$432,889,381	$47,302,722	10.9%	$4,535,783
March	$553,578,453	$34,995,596	6.3%	$3,399,998
April	$437,099,849	$41,423,026	9.5%	$3,815,677

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
November	$614,362,613	$68,820,755	11.2%	$6,516,195
December	$563,624,406	$29,758,090	5.3%	$2,990,506

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

Iowa Sports Betting Revenue

Iowa sports betting hasn't seen a big lift in handle so far in 2025, but improved hold rates in four of the first five months of the year has the state trending positively toward a new record in tax revenue. Iowa's 17 (!) are only subject to a 6.75% tax rate on revenue.

Iowa Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$1,212,137,306	$102,028,393	8.4%	$6,886,916
2024	$2,770,339,581	$218,482,781	7.9%	$14,764,651
2023	$2,420,464,385	$198,810,523	8.2%	$10,705,962

Iowa 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$289,730,209	$26,188,816	9.0%	$1,767,745
February	$216,451,614	$21,272,944	9.8%	$1,435,924
March	$287,826,745	$15,749,320	5.5%	$1,063,079
April	$215,555,373	$18,757,824	8.7%	$1,266,153
May	$202,573,365	$20,059,489	9.9%	$1,354,015

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
November	$315,221,241	$30,069,720	9.5%	$2,029,706
December	$293,123,307	$13,286,724	4.5%	$896,854

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

Kansas Sports Betting Revenue

Might we see Kansas sports betting post its first double-digit yearly hold rate? The early signs are positive, as the state survived a rough March to remain just on the positive side of 10% through the opening four months.

Kansas Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$975,246,270	$98,868,101	10.1%	$6,130,380
2024	$2,546,011,856	$216,734,057	8.5%	$12,745,373
2023	$2,121,564,412	$182,415,461	8.6%	$7,138,242

Kansas 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$301,837,632	$28,162,001	9.3%	$1,615,836
February	$216,186,512	$34,977,452	16.2%	$2,394,014
March	$248,409,034	$15,324,367	6.2%	$803,031
April	$208,813,092	$20,404,281	9.8%	$1,317,499

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
November	$290,968,780	$34,755,047	11.9%	$2,552,778
December	$261,279,556	$15,197,061	5.8%	$878,610

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

Kentucky Sports Betting Revenue

Kentucky sports betting is still in its relative infancy, but you wouldn't know it from the numbers we're seeing come out of The Bluegrass State. Kentucky needed just four months to break the billion-dollar barrier in 2025, and sportsbooks have already earned a whopping $107.9 million in gross revenue through April 2025 thanks to a healthy 10.6% hold rate.

Kentucky Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$1,014,790,681	$107,917,098	10.6%	$14,935,781
2024	$2,619,132,501	$278,847,932	10.6%	$38,616,919
2023	$885,464,503	$111,744,248	12.6%	$15,490,065

Kentucky 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$277,120,575	$33,638,951	12.1%	$4,683,071
February	$224,733,400	$29,873,955	13.3%	$4,152,284
March	$293,176,264	$20,161,754	6.9%	$2,740,108
April	$219,760,442	$24,242,438	11.0%	$3,360,318

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
November	$301,562,499	$36,611,088	12.1%	$5,044,584
December	$285,408,112	$21,053,953	7.4%	$2,916,545

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

Operators won't find a much more hospitable place to set up shop. Louisiana sports betting is among the most consistent when it comes to monthly handle, and the state is trending toward a third straight year with a hold rate north of 12%. 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
2025	$1,494,384,707	$180,007,702	12.0%	$22,879,041
2024	$3,699,656,883	$467,059,532	12.6%	$65,064,043
2023	$2,905,138,040	$367,300,923	12.6%	$32,630,811

Louisiana 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$382,873,920	$53,668,017	14.0%	$5,923,633
February	$381,244,368	$53,876,140	14.1%	$7,034,948
March	$386,427,937	$31,796,443	8.2%	$4,086,575
April	$343,838,482	$40,667,102	11.8%	$5,833,885

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
November	$413,465,532	$58,169,781	14.1%	$8,175,472
December	$390,727,667	$35,101,805	9.0%	$6,441,847

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

Maine Sports Betting Revenue

Maine sports betting is off to a strong start, at least from a hold percentage: Four of five months have yielded a rate of 11.9% or higher, which is a full point above the best single-year showing for the state. One thing to monitor: March and May handles were both flat year-over-year, which could mean that sports betting is losing some of its luster in Maine.

Maine Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$226,059,807	$26,845,518	11.9%	$2,708,370
2024	$520,039,827	$53,455,790	10.3%	$5,518,700
2023	$81,822,435	$8,940,687	10.9%	$902,035

Maine 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$50,253,633	$6,990,187	13.9%	$698,264
February	$41,037,515	$5,227,371	12.7%	$525,022
March	$48,860,790	$4,113,135	8.4%	$414,802
April	$45,960,567	$5,448,560	11.9%	$555,116
May	$39,947,302	$5,066,265	12.7%	$515,166

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
November	$51,280,750	$7,878,434	15.4%	$790,413
December	$52,244,023	$3,973,509	7.6%	$396,313

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

It's one thing to post big revenue numbers in January – but the $66.3 million Maryland sports betting operators took home in May 2025 was lower than just two months in all of 2024. That's a great sign for the dozen operators who toil in Maryland; they pay 15% tax on revenue.

Maryland Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$2,701,197,459	$315,400,486	11.7%	$33,120,386
2024	$5,940,586,767	$635,714,970	10.7%	$82,294,052
2023	$4,617,323,134	$514,081,188	11.1%	$36,483,974

Maryland 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$618,824,226	$82,095,604	13.3%	$8,244,612
February	$475,708,504	$59,974,564	12.6%	$6,350,174
March	$588,500,308	$47,851,962	8.1%	$4,419,403
April	$513,716,232	$59,168,444	11.5%	$6,359,834
May	$504,448,189	$66,309,912	13.1%	$7,746,363

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
November	$639,867,400	$82,338,595	12.9%	$11,798,035
December	$637,301,167	$45,622,988	7.2%	$6,510,765

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

Massachusetts Sports Betting Revenue

Might we see the first billion-dollar monthly handle in Massachusetts sports betting history? Get your popcorn ready for NFL season, with the state having already surpassed its January-to-April handle from 2024 by a whopping $400 million overall. And with the hold rate pacing to be a new Massachusetts record, operators and legislators have to be over the moon.

Massachusetts Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$2,848,393,804	$285,353,207	10.0%	$55,514,247
2024	$7,404,008,773	$671,433,440	9.1%	$130,198,988
2023	$4,989,588,998	$483,524,736	9.7%	$71,959,208

Massachusetts 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$762,349,450	$96,372,001	12.6%	$18,836,029
February	$622,888,989	$67,108,767	10.8%	$13,103,806
March	$775,092,727	$54,246,757	7.0%	$10,410,483
April	$688,062,638	$67,625,682	9.8%	$13,163,929

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
November	$779,193,225	$82,589,650	10.6%	$16,049,678
December	$784,218,035	$59,418,827	7.6%	$11,499,381

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

Not even a massive January has people feeling all that great about Michigan sports betting so far in 2025. April marked the first time the state surpassed its 2024 monthly tally, and despite the improved bet volume, taxes were down year-over-year for the second month in a row. That said, If the Tigers continue to dominate, we could see a dramatic turnaround over the summer.

Michigan Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$1,876,864,600	$208,880,962	11.1%	$9,742,781
2024	$5,511,011,496	$470,314,022	8.5%	$21,208,985
2023	$4,810,903,876	$434,438,031	9.0%	$18,394,340

Michigan 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$574,628,174	$85,560,634	14.9%	$4,344,539
February	$388,079,420	$46,811,512	12.1%	$2,235,236
March	$487,163,311	$33,549,825	6.9%	$1,204,008
April	$426,993,695	$42,958,991	10.1%	$1,958,998

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
November	$671,219,907	$60,207,253	9.0%	$2,673,011
December	$617,500,845	$20,486,082	3.3%	$250,497

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

Mississippi Sports Betting Revenue

Happy days have returned to the Mississippi sports betting scene after April resulted in the state's highest monthly hold percentage since October 2023. And that couldn't have come at a better time for Mississippi operators, who had seen hold rates at 5.5% or lower in three of the previous four months.

Mississippi Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$132,464,120	$11,978,206	9.0%	$1,437,384
2024	$465,001,047	$40,048,448	8.6%	$4,805,814
2023	$474,275,129	$51,224,141	10.8%	$5,188,118

Mississippi 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$42,524,280	$5,083,475	12.0%	$610,017
February	$30,544,101	$1,294,775	4.2%	$155,373
March	$34,455,293	$1,910,770	5.5%	$229,292
April	$24,940,446	$3,689,186	14.8%	$442,702

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
November	$57,887,406	$8,048,596	13.9%	$965,832
December	$56,437,278	-$871,100	-1.5%	-$104,532

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

Montana Sports Betting Revenue

Montana is known for wild variance in hold rate and tax revenue – but even the most optimistic of us couldn't have expected to see the state more than double its entire 2024 tax haul in just five months in 2025. A strong May, guided by a 15.3% hold rate that would have ranked fourth across all of 2024 – has Montana sky-high in the early going of 2025.

Montana Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$26,882,762	$3,682,562	13.7%	$596,572
2024	$66,470,003	$7,133,020	10.7%	$291,613
2023	$62,258,820	$8,446,611	13.6%	$1,087,962

Montana 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$5,750,903	$1,289,382	22.4%	$428,575
February	$3,743,226	$185,247	4.9%	-$113,445
March	$6,200,120	$685,026	11.0%	$39,008
April	$6,207,185	$759,848	12.2%	$83,478
May	$4,981,328	$763,059	15.3%	$158,956

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
November	$7,427,896	$1,593,724	21.5%	$510,561
December	$6,555,798	$110,041	1.7%	-$327,323

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

Nevada Sports Betting Revenue

February's swoon looks more like an anomaly by the day, with Nevada sports betting having seen year-over-year handle growth in every other reported month so far this year. A nice April hold rebound was welcome news to operators, after March Madness losses cratered the state's tax income for the second year in a row.

Nevada Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$2,881,022,316	$178,731,000	6.2%	$12,064,344
2024	$7,898,235,434	$482,120,000	6.1%	$32,543,103
2023	$8,261,437,885	$481,397,000	5.8%	$25,738,766

Nevada 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$796,959,784	$72,594,000	9.1%	$4,900,095
February	$604,311,147	$41,307,000	6.8%	$2,788,223
March	$860,915,341	$22,259,000	2.6%	$1,502,483
April	$618,836,044	$42,571,000	6.9%	$2,873,543

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
October	$794,780,220	$28,930,000	3.6%	$1,912,345
November	$837,874,812	$67,529,000	8.1%	$4,558,208
December	$823,644,619	$14,954,000	1.8%	$1,009,395

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

New Hampshire Sports Betting Revenue

New Hampshire sports betting has nailed the recipe for success in the early stages of 2025. Handle has risen year-over-year every month so far, while the state is also 4-for-4 in hold rate and tax revenue increases. And those are critical outcomes 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
2025	$288,437,424	$33,584,636	11.6%	$14,721,207
2024	$793,382,689	$79,068,326	10.0%	$34,855,576
2023	$821,707,403	$80,288,654	9.8%	$28,601,927

New Hampshire 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$78,945,312	$11,139,731	14.1%	$4,944,910
February	$63,260,876	$8,000,193	12.6%	$3,487,741
March	$77,467,758	$6,792,080	8.8%	$2,962,111
Apri	$68,763,478	$7,652,632	11.1%	$3,326,445

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
November	$87,260,891	$10,477,103	12.0%	$4,633,499
December	$80,860,363	$7,435,524	9.2%	$3,250,223

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 Jersey Sports Betting Revenue

The bloom is off the rose when it comes to New Jersey sports betting so far in 2025. Handle has shrunk year-over-year each month, resulting in a staggering drop of more than $930 million to date. Operators pay 14.25% in tax, though lawmakers want to increase that to 30% as part of the latest state budget.

New Jersey Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$4,242,653,455	$357,608,845	8.4%	$50,518,677
2024	$12,774,039,219	$1,094,630,610	8.6%	$154,847,474
2023	$11,972,320,289	$1,006,681,602	8.4%	$112,695,193

New Jersey 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$1,152,144,676	$122,194,865	10.6%	$17,249,213
February	$988,882,908	$73,558,549	7.4%	$10,445,073
March	$1,107,191,055	$71,344,935	6.4%	$10,016,794
April	$994,434,816	$90,510,496	9.1%	$12,807,597

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
November	$1,224,883,112	$118,962,664	9.7%	$16,769,526
December	$1,215,654,736	$62,837,741	5.2%	$8,909,155

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 York Sports Betting Revenue

While neighbouring New Jersey is struggling, New York sports betting is on another planet. NY operators have seen an increase of more than $1.72 billion in handle over the opening five months of 2024 – and with the state trending toward a new yearly hold, the state's whopping 50% tax rate has resulted in tax income of more than $550 million through May.

New York Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$11,286,415,247	$1,036,586,712	9.2%	$551,156,733
2024	$22,703,977,143	$2,049,143,425	9.0%	$1,043,129,984
2023	$19,196,867,479	$1,697,297,617	8.8%	$688,369,480

New York 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$2,487,676,801	$248,001,821	10.0%	$149,118,074
February	$1,979,914,659	$184,512,125	9.3%	$94,224,398
March	$2,445,290,864	$162,142,924	6.6%	$82,567,299
April	$2,158,082,654	$192,616,928	8.9%	$98,263,902
May	$2,215,450,269	$249,312,914	11.3%	$126,983,060

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
November	$2,273,599,386	$232,209,891	10.2%	$118,164,737
December	$2,289,276,065	$150,154,372	6.6%	$76,831,465

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

North Carolina Sports Betting Revenue

North Carolina sports betting has established itself as a national powerhouse, generating more than $8.3 billion in handle through its first 15 months of operation. And while the 2025 hold rate has some catching up to do (thanks largely to soft showings in April and May), the NFL season should bring record numbers to the Tar Heel State.

North Carolina Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$2,995,932,999	$280,356,045	9.4%	$50,464,838
2024	$5,385,208,105	$583,643,054	10.8%	$96,802,336

North Carolina 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$643,024,306	$74,530,133	11.6%	$13,415,422
February	$540,852,560	$55,658,913	10.3%	$10,018,603
March	$681,791,403	$38,138,715	5.6%	$6,865,264
April	$572,116,884	$46,801,165	8.2%	$8,424,668
May	$558,147,846	$65,227,119	11.0%	$11,740,881

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
November	$654,911,449	$78,096,645	11.9%	$14,057,587
December	$626,606,050	$35,716,306	5.7%	$6,429,218

Ohio Sports Betting Revenue

The nationwide parlay phenomenon apparently hasn't made its way into the Ohio sports betting environment quite yet. We (partly) jest, but there has to be some reason for the state's rock-bottom hold rate, which is trending to be a full four points lower than its first-year figure. Ohio sportsbooks pay an eye-opening 33% tax rate.

Ohio Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$3,548,200,108	$295,840,293	8.3%	$59,709,568
2024	$7,867,399,301	$844,247,017	10.7%	$169,534,916
2023	$7,594,120,425	$934,231,849	12.3%	$102,115,317

Ohio 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$1,004,746,058	$80,237,445	8.0%	$16,242,492
February	$756,587,575	$75,312,866	10.0%	$15,131,748
March	$985,822,838	$66,528,277	6.7%	$13,313,346
April	$801,043,637	$73,761,705	9.2%	$15,021,982

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
November	$1,020,179,162	$117,057,365	11.5%	$23,452,805

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

Things are looking up for Oregon sports betting, which produced its first-ever $10 million+ gross revenue month outside the NFL season. And with those hold rates continuing to sizzle, Oregon is already halfway to surpassing its 2024 tax income rate with the entire 2025 NFL season still to come. Sole operator DraftKings pays a 50% tax rate on revenue in The Beaver State.

Oregon Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$378,413,190	$49,394,921	13.1%	$24,697,462
2024	$864,688,481	$94,436,598	10.9%	$47,218,303
2023	$675,932,833	$75,729,585	11.2%	$29,335,671

Oregon 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$83,571,528	$12,489,739	14.9%	$6,244,870
February	$68,262,719	$9,673,275	14.2%	$4,836,638
March	$67,466,178	$7,289,890	10.8%	$3,644,945
April	$78,498,557	$9,607,805	12.2%	$4,803,903
May	$80,614,208	$10,334,212	12.8%	$5,167,106

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
November	$87,387,636	$11,895,589	13.6%	$5,947,795
December	$90,178,020	$5,790,511	6.4%	$2,895,256

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

Pennsylvania Sports Betting Revenue

Is the Keystone State on the road to recovery? Pennsylvania sports betting got off to an absolutely dismal start to 2025, but April saw handle, gross revenue and tax income all rise year-over-year – the first time that has happened all year. The state is still pacing well behind its 2024 numbers across the board. Go Eagles / Steelers / Phillies / 76ers / Flyers / Penguins?

Pennsylvania Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$3,184,502,251	$229,207,355	7.2%	$46,276,527
2024	$8,421,417,830	$778,420,571	9.2%	$183,858,070
2023	$7,683,099,581	$686,944,388	8.9%	$134,382,975

Pennsylvania 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$873,149,858	$84,272,113	9.7%	$18,540,165
February	$756,926,216	$33,961,978	4.5%	$2,694,664
March	$842,856,961	$49,189,301	5.8%	$9,729,658
April	$711,569,216	$61,783,963	8.7%	$15,312,040

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
November	$935,530,170	$103,268,288	11.0%	$27,755,097
December	$893,371,609	$47,488,741	5.3%	$7,872,958

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

Rhode Island Sports Betting Revenue

Rhode Island sports betting has flattened out year-over-year, just as it had in 2024. That's of little surprise given the state's sparse population and lack of sports betting options, but still can't sit well either with operators or with those who reap the tax benefits. One positive: Hold rate is trending to return to happier 2023 days.

Rhode Island Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$162,831,050	$12,995,158	8.0%	$6,627,532
2024	$483,506,264	$37,871,914	7.8%	$19,314,677
2023	$461,283,426	$40,277,816	8.7%	$16,685,978

Rhode Island 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$47,358,801	$5,074,927	10.7%	$2,588,213
February	$35,164,802	$2,976,309	8.5%	$1,517,918
March	$43,701,613	$2,242,452	5.1%	$1,143,651
April	$36,605,834	$2,701,470	7.4%	$1,377,750

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
November	$50,647,990	$5,008,203	9.9%	$2,554,184
December	$50,195,014	$1,145,319	2.3%	$584,113

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

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
2025	$3,969,063	$294,743	7.4%	$26,527
2024	$9,236,714	$776,042	8.4%	$69,843
2023	$9,034,691	$1,009,931	11.2%	$72,536

South Dakota 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$1,024,920	$108,976	10.6%	$9,808
February	$733,611	-$18,296	-2.5%	-$1,647
March	$1,575,140	$152,244	9.7%	$13,702
April	$635,392	$51,819	8.2%	$4,664

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
November	$1,001,806	$145,591	14.5%	$13,103
December	$1,029,042	-$22,332	-2.2%	-$2,010

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

Tennessee Sports Betting Revenue

Tennessee sports betting has seen incredible growth in 2025, pacing to easily surpass the $5.27 billion in handle it generated in 2024. The state has passed its year-over-year total across all five months so far, with eight-figure tax earnings over six of the past eight months overall. 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
2025	$2,406,886,391	$240,688,640	10.0%	$44,418,903
2024	$5,268,513,950	$526,851,395	10.0%	$97,160,563
2023	$4,292,352,235	$451,028,296	10.5%	$64,939,658

Tennessee 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$543,646,737	$54,364,674	10.0%	$10,032,973
February	$413,505,815	$41,350,582	10.0%	$7,631,217
March	$548,598,949	$54,859,895	10.0%	$10,124,355
April	$463,591,024	$46,359,102	10.0%	$8,555,547
May	$437,543,866	$43,754,387	10.0%	$8,074,811

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
November	$594,387,437	$59,438,744	10.0%	$10,969,178
December	$569,849,216	$56,984,922	10.0%	$10,516,365

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

Vermont Sports Betting Revenue

Vermont sports betting has seen modest handle gains year-over-year, though April marked the first time in 2025 that the state failed to surpass its 2024 tally. DraftKings, FanDuel and Fanatics Sportsbook were the first sportsbooks to launch in Vermont; they each pay a 20% tax rate.

Vermont Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$84,587,945	$8,791,233	10.4%	$2,387,541
2024	$198,754,297	$21,923,506	11.0%	$6,343,164

Vermont 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$23,870,532	$3,242,704	13.6%	$806,070
February	$21,534,379	$2,402,541	11.2%	$693,284
March	$22,945,015	$1,490,783	6.5%	$405,942
April	$16,238,019	$1,655,205	10.2%	$482,245

Vermont 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$19,913,914	$4,211,298	21.1%	$1,146,703
February	$21,249,830	$2,547,167	12.0%	$731,874
March	$20,196,054	$1,534,333	7.6%	$441,030
April	$17,083,302	$1,807,282	10.6%	$532,457
May	$12,607,502	$1,275,226	10.1%	$382,430
June	$10,049,903	$1,030,762	10.3%	$294,847
July	$9,466,746	$1,231,459	13.0%	$366,664
August	$11,312,537	$951,673	8.4%	$273,126
September	$16,665,000	$2,248,257	13.5%	$656,455
October	$17,332,715	$1,164,278	6.7%	$339,378
November	$18,423,719	$2,155,615	11.7%	$653,891
December	$24,453,075	$1,766,156	7.2%	$524,309

Virginia Sports Betting Revenue

The Old Dominion State continues to 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 breezed past its 2024 handle in every month so far, and is pacing for a third straight year with double-digit hold.

Virginia Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2025	$2,592,883,601	$261,012,785	10.1%	$36,714,138
2024	$6,191,451,867	$635,398,228	10.3%	$85,658,309
2023	$5,590,022,863	$560,201,506	10%	$58,350,376

Virginia 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$736,667,692	$87,381,242	11.9%	$12,137,426
February	$556,836,877	$66,806,615	12.0%	$9,303,968
March	$689,665,044	$50,678,283	7.3%	$6,754,928
April	$609,713,988	$56,146,645	10.3%	$8,517,816

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
November	$760,965,450	$86,351,240	11.3%	$12,101,176
December	$734,380,460	$49,554,0434	6.7%	$6,598,301

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

West Virginia Sports Betting Revenue

West Virginia sports betting is well on its way to recovering from a rough March. A 14.6% hold percentage in May is the highest for the state since September 2024, enabling the state to generate nearly $200,000 more in tax revenue year-over-year for the month. Handle, on the other hand, remains flat compared to 2024 (and even 2023).

West Virginia Yearly Revenue Data

Year	Handle	Gross Revenue	Hold	Taxes
2025	$212,224,039	$22,043,768	10.4%	$3,375,265
2024	$505,414,813	$55,997,650	11.1%	$5,599,764
2023	$483,227,418	$47,723,640	9.9%	$3,625,109

West Virginia 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$52,652,101	$6,267,271	11.9%	$802,647
February	$38,329,029	$4,259,018	11.1%	$938,801
March	$51,498,749	$2,654,302	5.2%	$582,517
April	$37,293,218	$4,133,529	11.1%	$490,653
May	$32,450,942	$4,729,648	14.6%	$560,647

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
November	$58,674,357	$7,179,488	12.2%	$717,949
December	$54,636,599	$3,873,233	7.1%	$387,323

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

Wyoming Sports Betting Revenue

April saw a nice rebound for Wyoming sports betting operators, putting the state closer to its 2024 revenue and tax income paces through the first four months. That handle continues to grow year-over-year is a positive sign, and with the 2025 NFL season fast approaching, Wyoming should be in good shape to surpass its 2024 numbers.

Wyoming Yearly Revenue Data

Year	Handle	Gross revenue	Hold %	Taxes
2025	$78,885,649	$7,938,884	10.1%	$479,230
2024	$209,605,808	$22,810,652	10.9%	$1,405,867
2023	$172,247,302	$17,293,948	10%	$826,360

Wyoming 2025 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold	Taxes
January	$25,274,561	$2,896,369	11.5%	$171,278
February	$16,831,678	$2,106,645	12.5%	$139,552
March	$20,936,441	$1,140,417	5.4%	$50,881
April	$15,842,969	$1,795,453	11.3%	$117,519

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
November	$22,824,032	$3,422,167	15.0%	$241,071
December	$25,236,214	$838,736	3.3%	$28,494

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

States That Will Legalize Sports Betting in 2025

At least one state will be adopting legal sports betting in 2025; others may follow, though that will depend on how each prospective state's legislative session goes. Here's a look at the state(s) that will be introducing legal sports wagering this year:

Missouri

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, including a nine-year stint with The Canadian Press and more than five years at theScore. He has covered dozens of marquee events including the 2010 Winter Olympics, the 2006 Stanley Cup final and Wrestlemania 23, and his work has appeared in more than 200 publications, including the Los Angeles Times, the Guardian, Yahoo! Sports, the Toronto Star and The Globe and Mail. His book, “100 Greatest Canadian Sports Moments”, was a hardcover best-seller in Canada in 2008 and earned him appearances on CBC Radio and Canada AM. He has written more than 50 sportsbook reviews, more than 200 industry news articles and dozens of other sportsbook-related content articles. A graduate of the broadcast journalism program at Ryerson University (now Toronto Metropolitan University), James has been an avid bettor since the early 2000s, and cites bet365 as his favorite sports betting site due to its superior functionality and quick payouts. His favorite piece of sports betting advice: "Stay in your lane. You're much more likely to have success betting sports you know, and focusing on finding angles and edges there."

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