The sports betting industry continues to be one of the fastest-growing businesses in the country, at least where revenue is concerned.
With nearly $120 billion wagered legally across the country in 2023, and legal states having already blown past that total with a month left to report in 2024, 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: 2025 vs Previous Years
Let there be no doubt that sports betting continues to grow at a breakneck pace.
After taking in nearly $150 billion in total legal wagers in 2024 – and already pacing well ahead of last year's pace through January – the U.S. has now seen nearly $500 billion in bets at legal sportsbooks since the Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018.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) | $13,163,965,906 | $1,362,856,469 | 10.4% | $316,495,407 |
| 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 | $13,163,965,906 | $1,362,856,469 | 10.4% | $316,495,407 |
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 | $14,915,312,058 | $871,292,153 | 5.8% | $210,148,141 |
Month-by-Month Data, 2023
| Month | Handle | Gross revenue | Hold | Taxes |
| January | $11,498,154,406 | $1,065,957,209 | 9.3% | $189,743,789 |
| February | $9,014,426,342 | $712,764,443 | 7.9% | $134,403,137 |
| March | $11,236,636,554 | $1,068,421,204 | 9.5% | $205,034,587 |
| April | $9,176,221,600 | $869,429,328 | 9.5% | $172,752,931 |
| May | $8,137,649,326 | $916,328,162 | 11.3% | $184,834,192 |
| June | $6,616,003,472 | $548,656,527 | 8.3% | $114,224,498 |
| July | $5,898,621,040 | $622,926,008 | 10.6% | $129,002,800 |
| August | $6,660,118,021 | $609,167,941 | 9.1% | $121,957,492 |
| September | $11,576,828,147 | $1,108,889,239 | 9.6% | $209,172,440 |
| October | $12,812,334,808 | $1,242,284,208 | 9.7% | $236,083,223 |
| November | $14,470,268,900 | $916,456,015 | 6.3% | $180,100,122 |
| December | $13,967,203,848 | $1,366,943,628 | 9.8% | $267,091,035 |
US States Sports Betting Revenue
Arizona Sports Betting Revenue
The Arizona sports betting scene has thrived since becoming a reality in September 2021, generating over $1.6 billion in gross revenue in its first 2+ years of existence. Retail sportsbooks are taxed at just 8% annually, while online revenue is subject to a 10% tax.
Arizona Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2024 | $7,110,330,558 | $656,624,620 | 9.2% | $40,159,525 |
| 2023 | $6,573,800,271 | $557,533,412 | 8.5% | $27,977,327 |
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 |
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
A record-breaking November gave way to a miserable December for Arkansas sports betting; the end result: A drop in average hold rate for the second consecutive year (though revenue and tax intake rose). 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 | $62,347,910 | $6,931,367 | 11.1% | $1,023,821 |
| 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 | | |
| January | $62,347,910 | $6,931,367 | 11.1% | $1,023,821 |
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). Strangely, Colorado has seen just four months with double-digit hold since the start of 2022, though two of them have come over the past six months of reporting (along with a 9.8% result in September).
Colorado Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $657,182,798 | $60,909,819 | 9.3% | $4,443,574 |
| 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 |
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 took it on the chin in December 2024, taking in nearly $27 million less gross revenue than a month prior. And that's not good news for operators, who pay 13.75% on retail revenue and 18% on online earnings.
Connecticut Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $229,341,717 | $27,646,389 | 12.1% | $3,095,758 |
| 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 |
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
A little extra competition has had a big impact on the DC sports betting scene, between the replacement of GambetDC with the far superior FanDuel and the introduction of more sports betting options overall. But all those good vibes have come at a steep cost, with DC sportsbooks generating double-digit holds in 10 of 12 months in 2024.
DC Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $73,096,228 | $9,295,356 | 12.7% | $2,090,104 |
| 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 |
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
The coffers in The First State are positively brimming thanks to a 50% tax rate levied on BetRivers, the lone Delaware sports betting operator. That prompted BetRivers to tighten the odds considerably on most of its betting markets, resulting in hold rates north of 16.5% in both 2022 and 2023 – but that was cut nearly in half in 2024.
Delaware Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $23,805,707 | $1,944,581 | 8.2% | $1,113,892 |
| 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 |
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
Illinois joined the Billion Dollar Club for monthly handle in October 2022 and hasn't looked back, recording 20 billion-dollar months as of December 2024. Illinois sports betting features eight prominent betting sites – and some pay a lot more in tax than they used to, with Gov. Pritzker green-lighting a hike in 2024 that sees top operators pay up to 40% of gross gaming revenue.
Illinois Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 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 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
Indiana sports betting enjoyed a welcome boon in 2024. The Indiana Pacers' dramatic improvement and the arrival of Caitlin Clark as the WNBA's Next Big Thing provided a nice jolt in the arm to one of the country's biggest basketball hotbeds. Operators in Indiana pay a reasonable 9.5% tax on both retail and online revenue.
Indiana Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $538,705,450 | $57,029,654 | 10.6% | $5,231,271 |
| 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 |
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 smashed through one 2024 milestone in November (surpassing $200 million in gross revenue) and reached another in December ($2.5+ billion in handle for the year). Iowa's 17 (!) betting sites are beyond the days of 4% handle, and are fortunate that they're only subject to a 6.75% tax rate on revenue.
Iowa Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $289,730,209 | $26,188,816 | 9.0% | $1,767,745 |
| 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 |
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
You can add Kansas sports betting to the list of legal jurisdictions that saw big action but tiny profits to end 2024. The state established a new single-month record for handle in October but was also hit with its third-lowest handle ever – and December wasn't much better. Thankfully, the numbers bounced back in a big way to open 2025.
Kansas Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $301,837,632 | $28,162,001 | 9.3% | $1,615,836 |
| 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 |
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 infancy, but you wouldn't know it from the numbers we're seeing come out of The Bluegrass State. Kentucky needed just 4+ months to break the billion-dollar barrier in overall betting handle, and sportsbooks earned a whopping $138.2 million in gross revenue in the first six months of 2024 thanks to an 11.3% hold rate.
Kentucky Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2024 | $2,619,132,501 | $278,847,932 | 10.6% | $38,616,919 |
| 2023 | $885,464,503 | $111,744,248 | 12.6% | $15,490,065 |
Kentucky 2024 Monthly Revenue Data
| Month | Handle | Gross Revenue | Hold | Taxes |
| January | $245,604,391 | $35,967,751 | 14.6% | $4,992,513 |
| February | $199,449,415 | $19,491,642 | 9.8% | $2,703,511 |
| March | $256,246,092 | $22,107,013 | 8.6% | $3,036,740 |
| April | $187,913,248 | $23,299,806 | 12.4% | $3,232,441 |
| May | $181,351,570 | $21,603,055 | 11.9% | $2,985,052 |
| June | $150,313,715 | $15,766,956 | 10.5% | $2,169,707 |
| July | $129,270,001 | $15,431,176 | 11.9% | $2,134,875 |
| August | $151,409,420 | $12,143,827 | 8.0% | $1,666,257 |
| September | $254,420,884 | $34,129,042 | 13.4% | $4,736,707 |
| October | $273,217,742 | $21,207,161 | 7.8% | $2,988,347 |
| 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
After surviving a difficult October nationwide, Louisiana sports betting operators finally saw their streak of months with double-digit holds end at 13 with a putrid December showing. Sportsbooks captured a 12.6% hold in 2024, equaling the rate from a year ago; 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 | $382,873,920 | $2,561,193 | 0.7% | $5,923,633 |
| 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 | $40,800,000 | 10.8% | $5,923,633 |
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 finished 2024 with plenty of momentum, putting up four consecutive $51 million months over the course of the NFL regular season. And November was a strong month for both the sportsbooks (15.4% hold) and the tax man (all-time high of $790K in revenue).
Maine Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $50,253,633 | $6,990,187 | 13.9% | $698,264 |
| 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 |
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
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 has blown past that en route to finishing just shy of the $6 billion club in 2024. A dozen operators toil in Maryland; they pay 15% tax on revenue.
Maryland Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $618,824,226 | $82,095,604 | 13.3% | $8,244,612 |
| 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 |
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
September 2024 was a month of milestones for Massachusetts sports betting. Not only did it surpass the $5 billion mark in handle for the year (surpassing all of 2023 in the process), it also reached the $10 billion mark all-time. And an 11.1% hold rate for the month drove the state's total tax take past the $150 million barrier, as well.
Massachusetts Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $762,349,450 | $96,372,001 | 12.6% | $18,836,029 |
| 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 |
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
Michigan sports betting overcame a dreadful finish to 2024 with one of its best months on record to kick off 2025. The 14.9% hold rate – likely due in large part to swaths of Lions fans betting and losing on the home team – was the highest of all-time, allowing the state to collect more than $4 million in taxes for just the second time in history.
Michigan Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $574,628,174 | $85,560,634 | 14.9% | $4,344,539 |
| 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 |
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
Any hopes of a third straight year with double-digit hold rates were dashed emphatically in December, when Mississippi sports betting sites combined for a loss of nearly $900,000. That resulted in a second straight year of declining handle, gross revenue, hold rate and taxes. All is not well in the Mississippi sports betting world.
Mississippi Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $42,524,280 | $5,083,475 | 12.0% | $610,017 |
| 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 |
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
Now that's how you start a year. Montana sports betting kicked off 2025 with emphasis, establishing a single-month hold record to take some of the sting out of dreadful showings in October and December. January 2025's tax haul exceeded what Montana pulled in for all of 2024.
Montana Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $5,750,903 | $1,289,382 | 22.4% | $428,575 |
| 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 |
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
U.S. sports wagering's O.G. might not be the only game in town anymore, but Nevada sports betting is still the gold standard. You won't find more market selection or competitive odds than with Nevada sports betting operators, and the consistently low hold percentage is further indication that Nevada-based sportsbooks are just better for players.
Nevada Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $796,959,784 | $72,594,000 | 9.1% | $4,900,095 |
| 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 |
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
Things are good for operators in the New Hampshire sports betting circle. After settling for a hum-drum 7.5% hold rate in 2022, that number shot up to 9.8% in 2023 and broke double digits in 2024 despite a rough summer. And that's a critical outcome for sports betting sites who face a staggering 51% tax rate on revenue in NH.
New Hampshire Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $78,945,312 | $11,139,731 | 14.1% | $4,944,910 |
| 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 |
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
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 $12.8 billion in action in 2024, up from just under $12 billion the year before. 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 | $1,152,144,676 | $122,194,865 | 10.6% | $17,249,213 |
| 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 |
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
New York sports betting has been all about big numbers since its much-ballyhooed launch back in January 2022. Between the more than $58 billion generated through the first 36 months of operation, the more than $5 billion in total gross revenue generated by operators and the whopping 50% tax rate to which they're subjected, no state has a bigger impact.
New York Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $2,487,676,801 | $248,001,821 | 10.0% | $149,118,074 |
| 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 |
| Janaury | $2,487,676,801 | $248,001,821 | 10.0% | $149,118,074 |
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 probably wish the year had ended better, but it's fair to say that the first 10 months of legal wagering in the Tar Heel State were a tremendous success. The state brought in nearly $5.4 billion in handle, and sportsbooks were no doubt delighted to see double-digit holds in seven of the first 10 months (along with a healthy 10.8% overall rate in Year 1).
North Carolina Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $643,024,307 | $74,530,134 | 11.6% | $13,415,424 |
| 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 | $643,024,307 | $74,530,134 | 11.6% | $13,415,424 |
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 NFL season was quite kind to Ohio sports betting sites, with September and October representing the best monthly handles of the year and November surpassing both with the first billion-dollar month since January 2023. Ohio sportsbooks pay an eye-opening 33% tax rate.
Ohio Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $1,004,746,058 | $80,237,445 | 8.0% | $16,242,492 |
| 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 |
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
Oregon sports betting enjoyed a significant boon in 2024, one which resulted in the state finishing with some of the best year-over-year numbers in the country. That's great news for DraftKings Sportsbook, which exclusively powers mobile operations in Oregon. DK pays a 50% tax rate on revenue in The Beaver State.
Oregon Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $83,571,528 | $12,489,739 | 14.9% | $6,244,870 |
| 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 |
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
The Keystone State is the fifth-highest revenue producer all-time since the repeal of PASPA, with Pennsylvania sports betting generating more than $3.1 billion on a whopping $36 billion in handle. It certainly helps that the state has one of the most competitive markets in the country, with 12 betting sites in operation despite a sky-high 36% tax rate.
Pennsylvania Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $873,149,858 | $84,272,113 | 9.7% | $18,540,165 |
| 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 |
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 already done something in January 2025 it accomplished just three times in 2024: Finishing with a double-digit hold rate for the month. That's welcome news for operators in the state, which endured a truly horrid December and saw only a modest increase in tax revenue year-over-year.
Rhode Island Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $47,358,801 | $5,074,927 | 10.7% | $2,588,213 |
| 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 |
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 | $1,024,920 | $108,976 | 10.6% | $9,808 |
| 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 |
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
Tennesseans have come out in droves to wager on their beloved sports teams. Tennessee sports betting ranks just outside the top-10 all-time in handle and revenu, generating more than $273 million in taxes in the process. The mobile-only state hosts a dozen operators, each of whom pay a 20% tax on gross gaming revenue.
(NOTE: Tennessee began requiring its operators to retain 10% hold as of July 2023)
Tennessee Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $543,646,737 | $54,364,674 | 10.0% | $10,032,973 |
| 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 |
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 came up just short of the $200 million mark in handle in Year 1, but breezed past $20 million in gross revenue, which marks a solid debut year. 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 | $23,870,532 | $3,242,704 | 13.6% | $806,070 |
| 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 |
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 is thriving like few others in the wagering space. Virginia sports betting has welcomed 12 operators into the fold, with more likely on the way. And there's plenty of room for everyone, at least based on the numbers: Virginia has generated the ninth-most betting handle ($20.0 billion) all-time since launching in 2021.
Virginia Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | |
| 2025 | $736,667,692 | $87,381,242 | 11.9% | $12,137,426 |
| 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 |
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 weathered nation-wide sportsbook slumps in October and December to surpass 2023 handle, hold and tax numbers. And while the state wasn't quite able to match its 2022 bet volume, trends are looking positive going into 2025.
West Virginia Yearly Revenue Data
| Year | Handle | Gross Revenue | Hold | Taxes |
| 2025 | $52,652,101 | $6,267,271 | 11.9% | $626,727 |
| 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% | $626,727 |
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
Things turned out mighty fine in The Cowboy State in 2024. Wyoming sports betting revenue and tax remittance finished well past the state's 2023 tallies, even with those underwhelming December figures. BetMGM, Caesars, FanDuel and DraftKings all operate in Wyoming; they each pay a 20% tax on gross gaming revenue.
Wyoming Yearly Revenue Data
| Year | Handle | Gross revenue | Hold % | Taxes |
| 2025 | $25,274,561 | $2,896,369 | 11.5% | $171,278 |
| 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 |
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:
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.
