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Kentucky Sportsbook Wagers Down 19.2% Month-on-Month in February

Ziv Chen

Last Updated: April 4, 2025 1:49 PM EDT • 1 min 53 sec read.

Kentucky Sportsbook Wagers Down 19.2% Month-on-Month in February
Pictured: Racing Louisville FC midfielder Savannah DeMelo signs autographs for fans after the 2024 NWSL Skills Challenge at KC Women's Soccer Training Complex. Photo by Jon Durr via Imagn Images.

February wasn’t the best month for our best sportsbooks operating in Kentucky.

Online wagers for the Kentucky sports betting market dropped from $270.9 million to $218.9 million, a month-on-month decrease of 19.2%. In comparison, assorted gross revenue also decreased in February, with the Kentucky Horse Racing and Gaming Corporation revealing a fall in revenue from $32.2 million to $28.8 million, a month-on-month decrease of 10.5%.

In contrast, wagers and revenue did increase year-on-year in the Bluegrass State, rising from $191.5 million to $218.9 million and $18.7 million to $32.2 million, respectively - an annual increase of 14.4% and 54.2%. 

Yet, retail sportsbooks located at Churchill Downs, The Mint Cumberland, Ellis Park, Kentucky Downs, Oak Grove, Red Mile, Sany’s, and Turfway Park generated a combined total of $5.7 million in wagers, a month-on-month decrease of 6.1%, and $458,262 in revenue, a decline of 34.2%. 

DraftKings tops the tables

There are currently eight licensed Kentucky sportsbook apps. This includes DraftKings, PENN Sports Interactive, Circa Sportsbook, Fanatics Sportsbook, Caesars Sportsbook, bet365, BetMGM, and FanDuel. 

DraftKings generated the highest wagers and revenue, beating out FanDuel, which had the highest revenue in January. DraftKings produced $80.7 million in wagers, down from $94.9 million reported in January and $11.9 million in revenue, a decrease from $13.1 million in the previous month. 

Each sportsbook operator reported declines in February, with Fanatics Sportsbook reporting the most significant decline. Wagers decreased from $15.1 million to $10.1 million, a month-on-month difference of $5 million or 32.9%.

This was followed by FanDuel, which reported a month-on-month decline of 23.1%, with wagers dropping from $96.2 million to $74 million. 

The remaining sportsbooks also decreased: bet365 dropped from $26.6 million to $23.9 million, BetMGM declined from $13.5 million to $11.2 million, Caesars decreased from $14 million to $10.7 million, PENN Sports fell from $7.4 million to $5.6 million, and Circa Sportsbook dropped from $2.9 million to $2.3 million. 

Despite the dips, there remains numerous Kentucky sportsbook promos available to residents.

LA Dodgers the favorite among BetMGM bettors 

In recent news, the online sportsbook BetMGM revealed that the Los Angeles Dodgers had already broken records for MLB’s Opening Day on its betting site. According to BetMGM, the Dodgers have the highest handle to date at 37%, with bettors believing them to be the favorites to win the 2025 World Series. 

The New York Mets followed this at 9% and the New York Yankees at 7.5%. 

“The Dodgers were clearly the best team in 2024, so there’s no surprise we opened up with them as favorites in 2025 – and that was before free agency,” said Halvor Egeland, BetMGM Trading Manager. “They added the top pitching prospect in Roki Sasaki, a two-time Cy Young winner in Blake Snell, the best reliever on the market in Tanner Scott and 2024 All-Star Kirby Yates to shore up their bullpen.  Add that to the best lineup in baseball, and you’ve got a lot of excitement around the Dodgers chances to repeat in 2025.”

Written By:
Ziv Chen
Ziv has over two decades of experience in the igaming and sports betting industry, having served in senior marketing and business development positions with both B2C and B2B companies, including Playtech and Microgaming. In 2019, Ziv decided to pursue his passion for writing and became a fulltime industry journalist, covering casino, sports, and gambling business news. He’s specialties include casino games and technology, US state gambling regulation, company performance, as well as gambling affiliates and marketing. As a Pitt graduate, Ziv is a diehard fan of all Pittsburgh sports teams, with the Steelers at the top of the list. In his free time, he enjoys reading crime fiction, biographies (mainly of sports personalities, but not only) and American history. Ziv’s Favorite quote: “We're going to pursue perfection, knowing full well we won't catch it, but we're going to relentlessly chase it," Mike Tomlin, Pittsburgh Steelers Head Coach.