Legal Sports Betting Revenue Tracker
Discussions regarding legal sports betting revenue is often frustratingly ambiguous, and can sometimes make it tough to discern whether someone is talking about the sportsbooks’ revenue or the state’s tax revenue from sports betting operations. This revenue tracker offers a one-stop-shop for anyone looking to learn more about the state-level economics of sports betting. It also covers some basic concepts of the economics of sports wagering, including the difference between revenue and handle, as well as a book’s hold percentage when available.
Many states that have legalized sports betting release monthly data on their overall handle and revenue. Besides tracking the total volume of money bet on sports in the United States, this page also has data on both the hold percentage and tax contributions of each state’s sports betting industry. The 20+ states that report so far each have different methods for accumulating and distributing data, but this page consolidates and standardizes each of these states’ reports for ease of understanding. This page will be updated as needed when new reports are released and more states pass legislation legalizing sports wagering.
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Getting Revenue From Bovada Tournament Odds
Bovada is one of the top March Madness betting sites out there as they offer plenty of game lines, futures odds and game props for the tournament. Last year, however, in 2020, there was no revenue made as March Madness was canceled due to the start of the COVID-19 pandemic. Looking back at the 2019 March Madness Tournament, it cleared $885 million in revenue as they hit an $8.5 billion betting handle. Bettors this year are shaping up to hit that $1 billion revenue mark once and for all. Looking at Bovada and the odds they offer which led to that high revenue mark, they offer futures odds, game props, game lines and more.
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Sports Betting Revenue By State
Sports betting has been regulated in 32 states (and Washington D.C.), is live in about two dozen, and there are more states having pending bills that could legalize sports betting in its legislation. Some of these states with regulated sports betting release updated figures monthly that detail the total revenue that is taken in through sports betting. Here at LegalSportsBetting, we use the revenue reports to give sports bettors a detailed look into the financial world of legal sports betting. These numbers come directly from the given state’s revenue reports, gaming commissions, and lottery commissions, therefore sports bettors can trust these numbers to be accurate. Sports betting is a constantly updating medium with more states legalizing the practice every year after seeing the added revenue gained from legal sports betting.
Nevada Sports Betting Revenue - As one of the earliest states to have legal sports betting options, Nevada remains among the top revenue-generating states in the country. Although New Jersey has proven to be steep competition for the most profitable sports betting state, Nevada's nearly 200 licensed sportsbooks offer plenty of competition to keep it ahead. In 2020, the state pulled $285 million in revenue; an impressive total considering the state lost several months of revenue to the pandemic. However, the state's sportsbook operators are on track to do far better in 2021, handling over $950 million in January alone. Fortunately for sportsbook operators, the state tax is only 6.75% on sports betting revenue. The state uses the tax money made from sports betting and other forms of gaming for its state general fund, with a focus on education and health services. Delaware Sports Betting Revenue - Delaware's annual reports are fairly consistent every year, with the third and fourth quarters of every year being wh ere the majority of the revenue comes fr om. Delaware has only managed to break $1 million in revenue once in 2021, that being the month of January. However, in previous years Delaware sports betting started generating millions in revenue starting in September with the NFL seasons and remains highly profitable until the season is done. The massive drop in wagering is likely due to an absence of online betting options, making the inconvenience of betting outside of high-profile seasons too high for Delaware residents. The unusually high 50% tax rate generated over $10 million in tax revenue which was then placed into the state's general fund. New Jersey Sports Betting Revenue - Since 2018, New Jersey has only handled less than $100 million once, in June 2020. On average, sportsbooks tend to handle around $500 million most months. In January 2021, New Jersey handled $958 million, making it less than $50 million short of a $1 billion handle for a single month, and more than any other state handled in the same month. Thanks to the 11 retail sportsbooks, and statewide online betting options from more than a dozen online sportsbooks, New Jersey operators have generated over $365 million in revenue in the first two quarters of 2021 alone and are trending for it to be their most profitable year yet by a large margin. New Jersey has a 9.75% on retail sports betting revenue, and 14.25% on online revenue. Since sports betting launched in New Jersey, nearly $150 million has been collected in taxes, which are then placed into the Casino Revenue Fund. Mississippi Sports Betting Revenue - Until recently Mississippi was the top sports betting state in the southeast, only having to contend with Arkansas, a state with enough regulations to remove its potential competition. With 26 legal sports betting options across the state, there are plenty of opportunities for sportsbooks to generate substantial revenue. Since Mississippi sportsbooks launched in 2018, they've handled over $1 billion. While 2020 revenue numbers were unstable due to the pandemic and location-locked mobile options, the first quarter of 2021 has proven very profitable for sportsbooks who made nearly $20 million in revenue in three months. Taxes from sports betting are allocated by the Mississippi Department of Revenue, who has directed the funds to road repairs, sewer systems, and other infrastructure projects. West Virginia Sports Betting Revenue - Five online sportsbooks coupled with the income of five retail establishments have seen monthly revenue breaking $1 million monthly. Since then, West Virginia's monthly revenue has climbed as high as $6 million in December, with $218 million being handled in the first two quarters of 2021 generating $1.6 in tax dollars. The tax rate is 10%, and the tax revenue from sports betting is deposited in the Public Employees Insurance Agency Financial Stability Fund. Pennsylvania Sports Betting Revenue - Pennsylvania has been in the top three revenue-generating states since launching in 2019, and its market seems to be growing. Pennsylvania sportsbooks broke $49 million in January 2021, making it the most profitable month so far. Although Pennsylvania manages to keep up with New Jersey and Nevada in revenue, it is despite the $10 million licensing fee, the 36% tax rate. The funds from said taxes are allocated to the state's general fund. Pennsylvania has seen $3,174,153,171 wagered on sports in the fiscal year 2020/2021, with 90% of its January wagers coming from online sportsbooks. Rhode Island Sports Betting Revenue - When sports betting began in Rhode Island, the only way to legally participate was in way of the two Twin River casinos. Since that time, however, Rhode Island launched its online wagering option, 'Sportsbook Rhode Island.' Upon launching the app in September 2019, $22 million was handled, more than $12 million more than the $10 million handled the month prior. In the first quarter of 2021, sportsbooks were able to generate over $8 million in revenue, $4 million of which was paid to the state government thanks to Rhode Island's 51% state tax. Tax dollars from sports betting are allocated into the general fund. Arkansas Sports Betting Revenue - In December of 2020, Arkansas managed to break $1 million in monthly sports betting revenue for the first time since launching its operations in July 2019. Before this, however, sportsbook operators struggled to break even $400 thousand. Despite having legal sports betting before most other states, Arkansas doesn't generate nearly as much revenue as other states mostly due to an absence of options for citizens. Arkansas only offers sports betting at three retail casino locations, and there are currently no legal online or mobile sports wagering options. Most sports betting tax revenue goes to the general fund. New York Sports Betting Revenue - New York has handled over $1 million every month of the first two quarters of 2021, with the $356,986 made in January being its most profitable month to date. While the non-tribal sportsbooks do release weekly financial reports, they only include their total revenue, meaning information on their exact handle and hold percentage isn't provided. While revenue numbers in New York are currently lower than that of many other states, this will likely change when online betting is launched. Over $3 million has been made in taxes since sports betting launched, and it's earmarked to education programs, local municipal and county governments, and property tax relief. Iowa Sports Betting Revenue - Sports betting in Iowa launched in the third quarter of 2019, wh ere sportsbooks pulled in over $19 million in revenue. Throughout 2020 sportsbooks had an average daily handle of over $5 million. In the first quarter of 2021, Iowa sportsbook operators have managed to clear $32 million in revenue. That is more than a 500% increase fr om the less than $5 million in revenue they generated in the first quarter of the previous year. Iowa did however perform far better in the third and fourth quarters of 2020, managing to finish the year off with almost $40 million in revenue for the year. Like Nevada, the tax rate in Iowa stands at only 6.75%, making it one of the lowest legal sports betting tax rates in the country. Even with the low tax rate, Iowa still was able to collect $2,809,970, the majority of which was placed into the state general fund. Oregon Sports Betting Revenue - While initially the only way to place sports wagers was from the tribal casinos, it wasn't long before the state lottery delivered an online alternative via the scoreboard app. Since the tribes do not consistently report their earnings, the best trackable revenue data is from said app. 2020 saw Oregon generate nearly $20 million in sports betting revenue, with $16 million being made in just the first two quarters of 2021 placing them on track to beat the previous record. All lottery sports wagering revenue goes to the state and is currently earmarked towards the state's public pension liability. Indiana Sports Betting Revenue - Due to its extensive land-based and online wagering options, Indiana has handled nearly $3 billion and made over $200 million in revenue. Indiana started its first quarter of 2021 by making $29,330,069 worth of revenue in January alone, making it the most profitable month Indiana sportsbooks have seen since launching. $1.7 billion was handled across the 14 retail and 13 online sportsbooks in 2020, generating over $135 million in revenue, and over $10 million in state taxes. The money collected fr om taxes was then placed into the state's general fund, with a set share going to fund programs intended to help gambling addictions. The current tax rate on sports betting is 9.5% Montana Sports Betting Revenue - There is some difficulty accurately tracking sports betting revenue for Montana, as the Montana Lottery doesn't explain how the profits are split between the lottery and Intralot, the sports betting supplier. It's estimated that the state made just under $19 million in revenue during 2020, after launching in March of the same year. 6% of the handle goes to the sales agent, with all lottery revenue going into the state's general fund. New Mexico Sports Betting Revenue - Information regarding gaming revenue in New Mexico remains scarce due to no legal obligation to publicly disclose their finances. 9.3% of New Mexico tribal earnings go to the state as part of their revenue-sharing model; allocation of these funds has not been disclosed. Tennessee Sports Betting Revenue - Tennessee launched its sports betting operations in November of 2020, wh ere over $27 million was made in revenue in just 2 months. Sportsbooks have generated at least $13 million in revenue every month in the first quarter of 2020 making as much as $16 million in March alone. Since launching, Tennessee has outperformed its surrounding states in revenue despite offering no retail sports betting options whatsoever, choosing instead to rely solely on its online wagering options. $21 million has been made in taxes since November, wh ere the funds go to fund education and problem gambling treatment programs. Tennessee currently has seven licensed online sportsbooks. Virginia Sports Betting Revenue - New Hampshire Sports Betting Revenue - In the 20 months since launching legal sports betting in New Hampshire, sportsbooks have only handled less than $10 million in five of those months, four of them being during the Covid-19 pandemic. Despite only offering two retail sportsbooks, and a single online wagering option, the market for sports betting in New Hampshire is huge. Over $300 million has been handled in the first two quarters of 2021 so far, resulting in $20 million worth of revenue and $6 million in tax dollars. New Hampshire has a 50% tax rate on sports betting and allocates said tax revenue into education programming for the state. Michigan Sports Betting Revenue - In the first two quarters of 2021, Michigan sportsbooks have already handled over $1 billion, putting them on track to crush our previous projection of $1.5 billion annually. Revenue numbers only exist for six months of 2020 due to the shutdowns from the pandemic, but across those six months, Michigan saw roughly $17 million made in revenue. There are currently 12 retail and 13 online sports betting options for citizens hoping to try their hand at the increasingly lucrative hobby. Since legal sports betting launched in March of 2020, the state government has seen over $4 million in taxes that were then distributed to schools and helping firefighters undergoing cancer treatments. Colorado Sports Betting Revenue - Colorado sportsbook operators handled more money every consecutive month fr om the time their operations launched in May of 2020 to the end of that same year, earning roughly $73.5 million in revenue. With dozens of retail and online options for sports betting, residents of the state will find it easy to choose a wagering option suited to their taste. Because of this accessibility, the revenue generated by the hobby has continued to trend upward, managing to break $20 million in monthly revenue twice in 2021 alone. The tax rate on sports betting in Colorado stands at a flat rate of 10%, with the collected tax dollars being used to fund public projects such as the state's water plan. Illinois Sports Betting Revenue - Although late to the sports betting scene having been suspended after just one month of operation in March of 2020, Illinois reopened to phenomenal numbers in June wh ere it managed to finish the year with a handle of $1.8 billion, and over $115 million in revenue. The plethora of retail and online wagering options ensures that any resident interested in placing a wager has the opportunity to, and because of that, the state has seen over $53 million in taxes fr om sports betting since it was launched in March. Those tax dollars are distributed out to schools, recreational facilities, and other infrastructure projects.Nevada Sports Betting Revenue
Nevada Handle Revenue Hold State Tax Aug 2021 $427,425,369 $14,342,000 3.36% $968,085 Jul 2021 $409,659,756 $33,278,000 8.12% $2,246,265 Feb 2021 $742,953,328 $46,213,864 6.22% $3,119,436 Jan 2021 $958,717,526 $82,640,979 8.62% $5,578,266 Dec 2020 $996,300,794 $66,386,516 6.66% $4,481,090 Nov 2020 $609,376,849 $61,807,000 10.14% $4,171,973 Oct 2020 $659,899,331 $42,388,000 6.42% $2,861,190 Sep 2020 $575,144,025 $32,895,000 5.72% $2,220,413 Aug 2020 $474,948,414 $16,985,000 3.58% $1,146,488 Jul 2020 $165,552,030 $6,295,000 3.8% $424,913 Jun 2020 $78,152,387 $-483,000 -0.62% $-32,603 Mar 2020 $141,108,201 $1,455,000 1.03% $98,213 Feb 2020 $491,593,677 $38,064,000 7.74% $2,569,320 Jan 2020 $502,233,930 $20,152,000 4.01% $1,360,260 Dec 2019 $571,179,245 $36,327,000 6.36% $2,452,073 Nov 2019 $614,118,812 $31,013,000 5.05% $2,093,378 Oct 2019 $543,552,781 $47,887,000 8.81% $3,232,373 Sep 2019 $546,358,867 $52,068,000 9.53% $3,514,590 Aug 2019 $287,757,296 $18,733,000 6.51% $1,264,478 Jul 2019 $235,659,955 $10,534,000 4.47% $711,045 Jun 2019 $322,077,670 $16,587,000 5.15% $1,119,623 May 2019 $317,380,282 $11,267,000 3.55% $760,523 Apr 2019 $328,121,212 $21,656,000 6.6% $1,461,780 Mar 2019 $596,752,294 $32,523,000 5.45% $2,195,303 Feb 2019 $458,591,549 $35,816,000 7.81% $2,417,580 Jan 2019 $497,482,993 $14,626,000 2.94% $987,255 Dec 2018 $561,859,873 $44,106,000 7.85% $2,977,155 Nov 2018 $581,070,664 $27,136,000 4.67% $1,831,680 Oct 2018 $528,568,873 $29,547,000 5.59% $1,994,423 Sep 2018 $571,034,483 $56,304,000 9.86% $3,800,520 Aug 2018 $247,622,790 $12,604,000 5.09% $850,770 Jul 2018 $244,638,554 $4,061,000 1.66% $274,118 Jun 2018 $286,548,295 $20,173,000 7.04% $1,361,678 Since PASPA Repeal* $15,573,442,105 $985,387,359 6.33% $66,513,647 Year-To-Date $2,538,755,979 $176,474,843 6.95% $11,912,052 Delaware Sports Betting Revenue
Delaware Handle Revenue Hold State Tax Sep 2021 $13,702,755 $3,202,534 23.37% $1,601,267 Aug 2021 $5,251,471 $453,642 8.64% $226,821 Jul 2021 $4,110,581 $633,084 15.4% $316,542 Jun 2021 $5,958,137 $644,366 10.81% $322,183 May 2021 $7,060,911 $677,441 9.59% $338,721 Apr 2021 $5,470,520 $894,231 16.35% $447,116 Mar 2021 $6,666,115 $965,419 14.48% $482,710 Feb 2021 $7,519,710 $7,519,710 100% $3,759,855 Jan 2021 $15,649,254 $2,491,097 15.92% $1,245,549 Dec 2020 $15,696,681 $3,097,115 19.73% $1,548,558 Nov 2020 $19,510,093 $5,901,515 30.25% $2,950,758 Oct 2020 $17,086,034 $3,483,045 20.39% $1,741,523 Sep 2020 $12,439,302 $1,972,198 15.85% $986,099 Aug 2020 $2,957,634 $367,116 12.41% $183,558 Jul 2020 $209,282 $12,114 5.79% $6,057 Jun 2020 $0 $0 0% $0 May 2020 $0 $0 0% $0 Apr 2020 $0 $0 0% $0 Mar 2020 $3,877,068 $571,486 14.74% $285,743 Feb 2020 $7,031,079 $159,800 2.27% $79,900 Jan 2020 $9,128,658 $1,517,187 16.62% $758,594 Dec 2019 $13,283,636 $1,613,077 12.14% $806,539 Nov 2019 $10,308,159 $1,372,540 13.32% $686,270 Oct 2019 $9,621,404 $1,736,583 18.05% $868,292 Sep 2019 $11,839,818 $2,159,643 18.24% $1,079,822 Aug 2019 $4,419,488 $505,006 11.43% $252,503 Jul 2019 $3,920,974 $507,410 12.94% $253,705 Jun 2019 $6,325,464 $466,705 7.38% $233,353 May 2019 $5,920,766 $406,293 6.86% $203,147 Apr 2019 $6,088,183 $615,772 10.11% $307,886 Mar 2019 $10,483,128 $1,644,164 15.68% $822,082 Feb 2019 $8,487,867 $22,152 0.26% $11,076 Jan 2019 $11,940,123 $1,438,357 12.05% $719,179 Dec 2018 $16,079,670 $2,149,611 13.37% $1,074,806 Nov 2018 $16,392,863 $1,124,979 6.86% $562,490 Oct 2018 $14,738,223 $448,578 3.04% $224,289 Sep 2018 $16,830,010 $3,153,529 18.74% $1,576,765 Aug 2018 $7,721,851 $706,780 9.15% $353,390 Jul 2018 $8,214,765 $461,226 5.61% $230,613 Jun 2018 $7,003,725 $875,216 12.5% $437,608 Since PASPA Repeal* $348,945,402 $55,970,721 16.04% $27,985,361 Year-To-Date $71,389,454 $17,481,524 24.49% $8,740,762 New Jersey Sports Betting Revenue
New Jersey Handle Revenue Hold State Tax Sep 2021 $101,111,431 $82,440,420 81.53% $7,007,436 Aug 2021 $664,675,859 $52,023,081 7.83% $4,421,962 Jul 2021 $578,729,290 $54,966,257 9.5% $4,672,132 Jun 2021 $766,888,420 $71,267,544 9.29% $6,057,741 May 2021 $814,270,654 $52,895,430 6.5% $4,496,112 Apr 2021 $747,986,522 $54,839,217 7.33% $4,661,333 Mar 2021 $859,617,961 $60,755,472 7.07% $5,164,215 Feb 2021 $742,953,328 $46,213,864 6.22% $3,928,178 Jan 2021 $958,717,526 $82,640,979 8.62% $7,024,483 Dec 2020 $996,300,794 $66,386,516 6.66% $5,642,854 Nov 2020 $931,620,415 $50,554,535 5.43% $4,297,135 Oct 2020 $803,096,172 $58,508,647 7.29% $4,973,235 Sep 2020 $748,588,349 $45,083,178 6.02% $3,832,070 Aug 2020 $667,979,150 $39,507,181 5.91% $3,358,110 Jul 2020 $315,118,805 $29,551,987 9.38% $2,511,919 Jun 2020 $165,014,553 $12,639,074 7.66% $1,074,321 May 2020 $117,821,281 $9,912,062 8.41% $842,525 Apr 2020 $54,593,092 $2,634,050 4.82% $223,894 Mar 2020 $181,908,529 $13,181,371 7.25% $1,120,417 Feb 2020 $494,813,807 $16,934,546 3.42% $1,439,436 Jan 2020 $540,113,452 $53,561,626 9.92% $4,552,738 Dec 2019 $557,786,161 $31,278,930 5.61% $2,658,709 Nov 2019 $562,675,543 $32,895,546 5.85% $2,796,121 Oct 2019 $487,924,504 $46,393,537 9.51% $5,685,164 Sep 2019 $445,563,503 $37,883,375 8.5% $4,544,361 Aug 2019 $293,594,862 $25,210,342 8.59% $3,006,897 Jul 2019 $251,371,272 $17,884,800 7.11% $2,146,045 Jun 2019 $273,222,975 $9,701,925 3.55% $1,136,890 May 2019 $318,940,677 $15,536,384 4.87% $1,937,973 Apr 2019 $313,719,562 $21,215,747 6.76% $2,548,364 Mar 2019 $372,451,342 $31,669,387 8.5% $3,783,605 Feb 2019 $320,368,087 $12,732,740 3.97% $1,660,591 Jan 2019 $385,279,662 $18,777,582 4.87% $2,295,031 Dec 2018 $319,173,548 $20,834,867 6.53% $2,430,242 Nov 2018 $330,748,563 $21,243,865 6.42% $2,455,824 Oct 2018 $260,711,301 $11,686,119 4.48% $1,391,082 Sep 2018 $183,948,404 $23,775,366 12.93% $2,586,456 Aug 2018 $95,634,048 $9,198,272 9.62% $922,401 Jul 2018 $40,682,237 $3,845,880 9.45% $326,900 Jun 2018 $16,409,619 $3,458,668 21.08% $293,987 Since PASPA Repeal* $18,082,125,260 $1,351,720,369 7.48% $125,908,890 Year-To-Date $6,234,950,991 $558,042,264 8.95% $47,433,592 Mississippi Sports Betting Revenue
Mississippi Handle Revenue Hold State Tax City Tax Aug 2021 $21,436,948 $1,886,405 8.8% $150,912 $75,456 Jul 2021 $30,659,426 $2,887,695 9.42% $231,016 $115,508 Jun 2021 $43,099,180 $3,194,317 7.41% $255,545 $127,773 May 2021 $36,125,896 $3,888,299 10.76% $311,064 $155,532 Apr 2021 $32,917,836 $4,300,968 13.07% $344,077 $172,039 Mar 2021 $50,546,886 $5,237,031 10.36% $418,962 $209,481 Feb 2021 $47,807,574 $4,606,840 9.64% $368,547 $184,274 Jan 2021 $67,707,628 $9,114,483 13.46% $729,159 $364,579 Dec 2020 $55,298,807 $7,762,542 14.04% $621,003 $310,502 Nov 2020 $54,443,370 $8,108,102 14.89% $648,648 $324,324 Oct 2020 $61,192,425 $8,769,600 14.33% $701,568 $350,784 Sep 2020 $52,220,289 $6,598,931 12.64% $527,914 $263,957 Aug 2020 $40,489,135 $3,748,732 9.26% $299,899 $149,949 Jul 2020 $7,916,665 $1,335,763 16.87% $106,861 $53,431 Jun 2020 $1,575,859 $-62,230 -3.95% $-4,978 $-2,489 May 2020 $236,503 $87,697 37.08% $7,016 $3,508 Apr 2020 $0 $0 0% $0 $0 Mar 2020 $10,749,403 $648,647 6.03% $51,892 $25,946 Feb 2020 $34,462,822 $2,105,870 6.11% $168,470 $84,235 Jan 2020 $45,190,371 $4,637,967 10.26% $371,037 $185,519 Dec 2019 $49,076,413 $3,478,919 7.09% $278,314 $139,157 Nov 2019 $56,369,036 $3,784,071 6.71% $302,726 $151,363 Oct 2019 $48,019,481 $12,295,357 25.6% $983,629 $491,814 Sep 2019 $37,870,989 $5,631,583 14.87% $450,527 $225,263 Aug 2019 $19,876,370 $2,884,348 14.51% $230,748 $115,374 Jul 2019 $13,383,383 $1,053,776 7.87% $84,302 $42,151 Jun 2019 $15,190,666 $1,625,113 10.7% $130,009 $65,005 May 2019 $17,438,291 $1,191,957 6.84% $95,357 $47,678 Apr 2019 $19,188,763 $2,057,834 10.72% $164,627 $82,313 Mar 2019 $32,421,264 $4,898,725 15.11% $391,898 $195,949 Feb 2019 $25,148,134 $2,756,439 10.96% $220,515 $110,258 Jan 2019 $35,190,773 $2,793,237 7.94% $223,459 $111,729 Dec 2018 $41,762,048 $6,174,223 14.78% $493,938 $246,969 Nov 2018 $44,499,883 $1,674,250 3.76% $133,940 $66,970 Oct 2018 $32,837,333 $1,178,343 3.59% $94,267 $47,134 Sep 2018 $31,770,269 $5,503,792 17.32% $440,303 $220,152 Aug 2018 $6,270,127 $645,057 10.29% $51,605 $25,802 Since PASPA Repeal* $1,220,390,246 $138,484,684 11.35% $11,078,775 $5,539,387 Year-To-Date $330,301,374 $35,116,038 10.63% $2,809,283 $1,404,642 West Virginia Sports Betting Revenue
West Virginia Handle Revenue Hold State Tax Sep 2021 $60,072,261 $7,141,066 11.89% $606,991 Aug 2021 $22,350,089 $1,993,383 8.92% $169,438 Jul 2021 $21,290,275 $2,295,743 10.78% $195,138 Jun 2021 $29,923,766 $3,466,223 11.58% $294,629 May 2021 $25,484,663 $2,688,065 10.55% $228,486 Apr 2021 $34,449,520 $2,844,020 8.26% $241,742 Mar 2021 $42,751,230 $3,889,447 9.1% $330,603 Feb 2021 $38,212,775 $1,364,161 3.57% $115,954 Jan 2021 $50,700,483 $3,976,358 7.84% $337,990 Dec 2020 $70,134,202 $6,466,132 9.22% $549,621 Nov 2020 $48,532,442 $4,407,576 9.08% $374,644 Oct 2020 $44,633,016 $3,742,779 8.39% $318,136 Sep 2020 $76,951,429 $4,603,811 5.98% $391,324 Aug 2020 $45,897,001 $2,337,229 5.09% $198,664 Jul 2020 $15,853,463 $1,573,845 9.93% $133,777 Jun 2020 $6,338,618 $567,836 8.96% $48,266 May 2020 $6,035,532 $571,831 9.47% $48,606 Apr 2020 $1,901,698 $124,415 6.54% $10,575 Mar 2020 $14,705,300 $234,972 1.6% $19,973 Feb 2020 $48,474,168 $821,614 1.69% $69,837 Jan 2020 $35,398,396 $2,203,189 6.22% $187,271 Dec 2019 $30,343,333 $2,322,915 7.66% $197,448 Nov 2019 $32,968,352 $2,289,056 6.94% $194,570 Oct 2019 $37,022,626 $3,156,830 8.53% $268,331 Sep 2019 $25,620,077 $3,755,760 14.66% $319,240 Aug 2019 $10,743,386 $1,527,324 14.22% $129,823 Jul 2019 $7,764,843 $707,214 9.11% $60,113 Jun 2019 $7,634,979 $379,228 4.97% $32,234 May 2019 $10,704,030 $937,065 8.75% $79,651 Apr 2019 $10,334,722 $617,746 5.98% $52,508 Mar 2019 $13,850,999 $1,552,962 11.21% $132,002 Feb 2019 $16,609,597 $-143,473 -0.86% $-12,195 Jan 2019 $22,431,187 $1,460,541 6.51% $124,146 Dec 2018 $13,332,131 $2,221,521 16.66% $188,829 Nov 2018 $13,020,483 $1,371,803 10.54% $116,603 Oct 2018 $12,760,994 $799,818 6.27% $67,985 Sep 2018 $7,322,255 $2,129,235 29.08% $180,985 Since PASPA Repeal* $1,012,554,320 $82,399,240 8.14% $7,003,935 Year-To-Date $325,235,062 $29,658,466 9.12% $2,520,970 Pennsylvania Sports Betting Revenue
Pennsylvania Handle Revenue Hold State Tax City Tax Sep 2021 $578,760,746 $48,113,670 8.31% $16,358,648 $962,273 Aug 2021 $348,520,369 $25,315,958 7.26% $8,607,426 $506,319 Jul 2021 $304,415,503 $27,482,519 9.03% $9,344,056 $549,650 Jun 2021 $420,193,377 $42,495,332 10.11% $14,448,413 $849,907 May 2021 $447,465,027 $37,419,313 8.36% $12,722,566 $748,386 Apr 2021 $479,411,021 $36,033,727 7.52% $12,251,467 $720,675 Mar 2021 $560,259,181 $41,029,269 7.32% $13,949,951 $820,585 Feb 2021 $509,547,820 $33,171,120 6.51% $11,278,181 $663,422 Jan 2021 $615,294,827 $49,305,268 8.01% $16,763,791 $986,105 Dec 2020 $548,590,065 $45,344,348 8.27% $15,417,078 $906,887 Nov 2020 $491,910,713 $48,500,443 9.86% $16,490,151 $970,009 Oct 2020 $525,802,524 $47,834,647 9.1% $16,263,780 $956,693 Sep 2020 $462,787,392 $18,277,566 3.95% $6,214,372 $365,551 Aug 2020 $364,985,422 $27,593,677 7.56% $9,381,850 $551,874 Jul 2020 $164,782,229 $13,651,865 8.28% $4,641,634 $273,037 Jun 2020 $89,000,563 $6,660,157 7.48% $2,264,453 $133,203 May 2020 $74,810,033 $4,828,988 6.46% $1,641,856 $96,580 Apr 2020 $46,102,988 $2,833,470 6.15% $963,380 $56,669 Mar 2020 $131,330,059 $8,606,119 6.55% $2,926,080 $172,122 Feb 2020 $329,765,782 $4,722,251 1.43% $1,605,565 $94,445 Jan 2020 $348,381,707 $22,841,192 6.56% $7,766,005 $456,824 Dec 2019 $342,560,390 $11,374,482 3.32% $3,867,324 $227,490 Nov 2019 $316,468,265 $18,233,154 5.76% $6,199,272 $364,663 Oct 2019 $241,186,065 $14,948,246 6.2% $5,082,404 $298,965 Sep 2019 $194,504,622 $14,924,871 7.67% $5,074,456 $298,497 Aug 2019 $109,038,051 $9,887,737 9.07% $3,361,831 $197,755 Jul 2019 $59,331,959 $5,079,634 8.56% $1,727,076 $101,593 Jun 2019 $46,334,245 $3,126,381 6.75% $1,062,970 $62,528 May 2019 $35,934,215 $2,861,852 7.96% $973,030 $57,237 Apr 2019 $36,769,146 $4,221,482 11.48% $1,435,304 $84,430 Mar 2019 $44,527,574 $5,519,340 12.4% $1,876,576 $110,387 Feb 2019 $31,500,743 $1,946,817 6.18% $661,918 $38,936 Jan 2019 $32,011,838 $2,607,215 8.14% $886,453 $52,144 Dec 2018 $16,173,089 $2,007,592 12.41% $682,581 $40,152 Nov 2018 $1,414,587 $508,997 35.98% $173,059 $10,180 Since PASPA Repeal* $9,349,872,137 $689,308,699 7.37% $234,364,958 $13,786,174 Year-To-Date $4,263,867,871 $340,366,176 7.98% $115,724,500 $6,807,324 Rhode Island Sports Betting Revenue
Rhode Island Handle Revenue Hold State Tax Aug 2021 $24,042,834 $1,129,859 4.7% $576,228 Jul 2021 $22,095,960 $3,263,276 14.77% $1,664,271 Jun 2021 $29,468,571 $3,666,029 12.44% $1,869,675 May 2021 $28,252,139 $2,772,910 9.81% $1,414,184 Apr 2021 $29,040,966 $3,168,532 10.91% $1,615,951 Mar 2021 $38,583,919 $3,976,140 10.31% $2,027,831 Feb 2021 $34,110,104 $1,555,824 4.56% $793,470 Jan 2021 $39,817,327 $3,717,200 9.34% $1,895,772 Dec 2020 $22,770,472 $2,533,090 11.12% $1,291,876 Nov 2020 $35,098,445 $6,281,321 17.9% $3,203,474 Oct 2020 $34,704,413 $4,388,841 12.65% $2,238,309 Sep 2020 $31,293,150 $2,352,788 7.52% $1,199,922 Aug 2020 $23,116,965 $1,423,391 6.16% $725,929 Jul 2020 $6,738,626 $351,425 5.22% $179,227 Jun 2020 $2,100,736 $101,328 4.82% $51,677 May 2020 $1,533,114 $163,472 10.66% $83,371 Apr 2020 $591,377 $27,381 4.63% $13,964 Mar 2020 $8,949,157 $841,767 9.41% $429,301 Feb 2020 $28,177,862 $2,323,432 8.25% $1,184,950 Jan 2020 $26,939,692 $3,279,241 12.17% $1,672,413 Dec 2019 $31,670,511 $2,571,755 8.12% $1,311,595 Nov 2019 $31,465,062 $2,746,518 8.73% $1,400,724 Oct 2019 $28,281,024 $2,457,136 8.69% $1,253,139 Sep 2019 $22,195,789 $2,516,061 11.34% $1,283,191 Aug 2019 $10,060,066 $851,788 8.47% $434,412 Jul 2019 $8,321,947 $827,579 9.94% $422,065 Jun 2019 $14,736,667 $2,149,999 14.59% $1,096,499 May 2019 $18,900,152 $899,165 4.76% $458,574 Apr 2019 $16,859,818 $1,970,110 11.69% $1,004,756 Mar 2019 $23,582,716 $1,548,230 6.57% $789,597 Feb 2019 $20,686,618 $-890,623 -4.31% $-454,218 Jan 2019 $19,051,125 $159,978 0.84% $81,589 Dec 2018 $13,087,999 $957,913 7.32% $488,536 Nov 2018 $682,714 $72,997 10.69% $37,228 Since PASPA Repeal* $727,008,037 $66,155,853 9.1% $33,739,485 Year-To-Date $245,411,820 $23,249,770 9.47% $11,857,383 Arkansas Sports Betting Revenue
Arkansas Handle Revenue Hold State Tax Sep 2021 $7,007,774 $809,404 11.55% $105,223 Aug 2021 $2,892,285 $310,481 10.73% $40,363 Jun 2021 $3,895,683 $359,000 9.22% $46,670 May 2021 $3,687,207 $498,325 13.51% $64,782 Apr 2021 $4,065,703 $761,536 18.73% $99,000 Mar 2021 $5,947,427 $807,091 13.57% $104,922 Feb 2021 $4,469,442 $655,356 14.66% $85,196 Jan 2021 $7,187,194 $1,388,258 19.32% $180,474 Dec 2020 $6,415,446 $1,054,272 16.43% $137,055 Nov 2020 $6,288,249 $975,984 15.52% $126,878 Oct 2020 $6,559,859 $940,514 14.34% $122,267 Sep 2020 $3,958,748 $397,095 10.03% $51,622 Aug 2020 $1,008,992 $69,625 6.9% $9,051 Jul 2020 $179,315 $-19,633 -10.95% $-2,552 Jun 2020 $1,189 $10 0.84% $1 May 2020 $509 $-115,000 -22593.32% $-14,950 Apr 2020 $0 $0 0% $0 Mar 2020 $1,588,403 $222,373 14% $28,908 Feb 2020 $4,294,366 $411,589 9.58% $53,507 Jan 2020 $2,587,732 $254,811 9.85% $33,125 Dec 2019 $2,633,806 $455,368 17.29% $59,198 Nov 2019 $2,978,235 $181,497 6.09% $23,595 Oct 2019 $2,216,369 $380,006 17.15% $49,401 Sep 2019 $2,252,196 $183,044 8.13% $23,796 Aug 2019 $778,249 $58,858 7.56% $7,652 Jul 2019 $416,160 $76,885 18.47% $9,995 Since PASPA Repeal* $83,310,538 $11,116,749 13.34% $1,445,177 Year-To-Date $39,152,715 $5,589,451 14.28% $726,629 New York Sports Betting Revenue
New York Handle Revenue Hold State Tax Sep 2021 $17,355,782 $3,187,045 18.36% $270,899 Aug 2021 $9,153,602 $1,080,571 11.8% $91,849 Jul 2021 $9,338,107 $1,273,621 13.64% $108,258 Jun 2021 $1,858,642 $185,864 10% $15,798 May 2021 $1,590,114 $159,011 10% $13,516 Apr 2021 $1,322,623 $132,262 10% $11,242 Mar 2021 $1,845,685 $184,569 10% $15,688 Feb 2021 $1,153,276 $115,328 10% $9,803 Jan 2021 $3,569,855 $356,986 10% $30,344 Dec 2020 $2,258,771 $225,877 10% $19,200 Nov 2020 $2,619,676 $261,968 10% $22,267 Oct 2020 $2,623,464 $262,346 10% $22,299 Sep 2020 $1,403,543 $140,354 10% $11,930 Mar 2020 $99,514 $9,951 10% $846 Feb 2020 $-179,593 $0 -0% $0 Jan 2020 $1,943,361 $194,336 10% $16,519 Dec 2019 $780,418 $78,042 10% $6,634 Nov 2019 $1,308,296 $130,830 10% $11,121 Oct 2019 $2,233,227 $223,323 10% $18,982 Sep 2019 $2,283,865 $228,387 10% $19,413 Aug 2019 $828,152 $82,815 10% $7,039 Jul 2019 $349,468 $34,947 10% $2,970 Since PASPA Repeal* $65,739,848 $8,548,433 13% $726,617 Year-To-Date $47,187,686 $6,675,257 14.15% $567,397 Iowa Sports Betting Revenue
Iowa Handle Revenue Hold State Tax Sep 2021 $210,434,586 $5,716,038 2.72% $385,833 Aug 2021 $108,417,527 $6,604,647 6.09% $445,814 Jul 2021 $88,963,377 $7,097,826 7.98% $479,103 Jun 2021 $111,176,671 $8,424,699 7.58% $568,667 May 2021 $114,882,963 $6,133,477 5.34% $414,010 Apr 2021 $118,355,535 $7,725,272 6.53% $521,456 Mar 2021 $161,439,561 $13,454,158 8.33% $908,156 Feb 2021 $143,615,170 $7,708,148 5.37% $520,300 Jan 2021 $149,524,789 $11,343,303 7.59% $765,673 Dec 2020 $104,815,630 $7,537,004 7.19% $508,748 Nov 2020 $87,169,919 $8,144,096 9.34% $549,726 Oct 2020 $81,902,416 $9,098,995 11.11% $614,182 Sep 2020 $72,397,241 $5,167,819 7.14% $348,828 Aug 2020 $50,313,674 $3,003,903 5.97% $202,763 Jul 2020 $22,859,622 $2,244,021 9.82% $151,471 Jun 2020 $12,711,201 $620,680 4.88% $41,896 May 2020 $6,976,637 $501,052 7.18% $33,821 Apr 2020 $1,568,497 $150,331 9.58% $10,147 Mar 2020 $19,546,985 $1,171,164 5.99% $79,054 Feb 2020 $56,920,783 $755,334 1.33% $50,985 Jan 2020 $58,027,141 $3,234,794 5.57% $218,349 Dec 2019 $59,258,838 $2,904,257 4.9% $196,037 Nov 2019 $59,344,805 $3,599,749 6.07% $242,983 Oct 2019 $46,500,443 $5,658,333 12.17% $381,937 Sep 2019 $38,528,921 $4,956,347 12.86% $334,553 Aug 2019 $8,576,246 $2,162,688 25.22% $145,981 Nov -0001 $0 $0 0% $0 Nov -0001 $0 $0 0% $0 Nov -0001 $0 $0 0% $0 Nov -0001 $0 $0 0% $0 Nov -0001 $0 $0 0% $0 Since PASPA Repeal* $1,994,229,178 $135,118,135 6.78% $9,120,474 Year-To-Date $1,206,810,179 $74,207,568 6.15% $5,009,011 Oregon Sports Betting Revenue
Oregon Handle Revenue Hold State Tax Sep 2021 $25,070,339 $1,259,744 5.02% $28,974 Aug 2021 $17,686,198 $1,063,135 6.01% $24,452 Jul 2021 $18,189,572 $2,173,572 11.95% $49,992 Jun 2021 $24,903,118 $2,841,767 11.41% $65,361 May 2021 $27,780,213 $2,350,290 8.46% $54,057 Apr 2021 $25,323,061 $2,729,277 10.78% $62,773 Mar 2021 $24,054,960 $1,374,377 5.71% $31,611 Feb 2021 $29,600,150 $2,684,777 9.07% $61,750 Jan 2021 $34,935,891 $3,872,604 11.08% $89,070 Dec 2020 $26,987,303 $3,050,785 11.3% $70,168 Nov 2020 $25,039,884 $4,116,314 16.44% $94,675 Oct 2020 $29,455,228 $2,751,147 9.34% $63,276 Sep 2020 $26,174,303 $1,527,243 5.83% $35,127 Aug 2020 $25,845,403 $1,662,406 6.43% $38,235 Jul 2020 $14,042,425 $1,003,037 7.14% $23,070 Jun 2020 $7,921,864 $777,903 9.82% $17,892 May 2020 $7,290,190 $598,061 8.2% $13,755 Apr 2020 $4,430,648 $392,767 8.86% $9,034 Mar 2020 $9,007,680 $937,750 10.41% $21,568 Feb 2020 $20,899,825 $1,481,197 7.09% $34,068 Jan 2020 $21,151,604 $1,773,757 8.39% $40,796 Dec 2019 $22,551,453 $1,743,231 7.73% $40,094 Nov 2019 $17,115,416 $960,714 5.61% $22,096 Oct 2019 $5,605,244 $220,396 3.93% $5,069 Since PASPA Repeal* $491,061,972 $43,346,251 8.83% $996,964 Year-To-Date $227,543,502 $20,349,543 8.94% $468,039 Indiana Sports Betting Revenue
Indiana Handle Revenue Hold State Tax Sep 2021 $355,425,184 $33,878,239 9.53% $3,218,433 Aug 2021 $215,636,824 $16,537,681 7.67% $1,571,080 Jul 2021 $194,492,669 $17,453,179 8.97% $1,658,052 Jun 2021 $246,321,671 $25,464,800 10.34% $2,419,156 May 2021 $254,445,226 $18,853,192 7.41% $1,791,053 Apr 2021 $236,403,308 $20,079,176 8.49% $1,907,522 Mar 2021 $316,717,762 $26,350,639 8.32% $2,503,311 Feb 2021 $273,893,073 $16,955,904 6.19% $1,610,811 Jan 2021 $348,244,676 $29,330,069 8.42% $2,786,357 Dec 2020 $313,112,474 $24,306,695 7.76% $2,309,136 Nov 2020 $251,403,994 $25,332,120 10.08% $2,406,551 Oct 2020 $230,932,251 $21,098,460 9.14% $2,004,354 Sep 2020 $207,450,106 $14,283,702 6.89% $1,356,952 Aug 2020 $169,018,238 $9,834,881 5.82% $934,314 Jul 2020 $70,876,622 $6,658,465 9.39% $632,554 Jun 2020 $29,783,580 $2,922,108 9.81% $277,600 May 2020 $37,394,940 $3,179,968 8.5% $302,097 Apr 2020 $26,304,128 $1,559,884 5.93% $148,189 Mar 2020 $74,818,801 $5,495,639 7.35% $522,086 Feb 2020 $187,186,223 $11,092,752 5.93% $1,053,811 Jan 2020 $170,813,163 $12,861,014 7.53% $1,221,796 Dec 2019 $161,808,925 $11,989,909 7.41% $1,139,041 Nov 2019 $147,276,915 $9,298,553 6.31% $883,363 Oct 2019 $91,697,393 $11,538,533 12.58% $1,096,161 Sep 2019 $35,215,416 $8,558,974 24.3% $813,103 Since PASPA Repeal* $4,646,673,562 $384,914,536 8.28% $36,566,881 Year-To-Date $2,441,580,393 $204,902,879 8.39% $19,465,774 Montana Sports Betting Revenue
Montana Handle Revenue Hold State Tax Sep 2021 $3,020,000 $560,000 18.54% $47,600 Aug 2021 $3,350,000 $475,000 14.18% $40,375 Jul 2021 $2,630,000 $450,000 17.11% $38,250 Jun 2021 $3,700,000 $400,000 10.81% $34,000 May 2021 $4,000,000 $500,000 12.5% $42,500 Apr 2021 $3,200,000 $500,000 15.63% $42,500 Mar 2021 $4,410,000 $652,000 14.78% $55,420 Feb 2021 $3,870,000 $312,000 8.06% $26,520 Jan 2021 $5,140,000 $487,000 9.47% $41,395 Dec 2020 $5,570,000 $595,000 10.68% $50,575 Nov 2020 $3,180,000 $465,000 14.62% $39,525 Oct 2020 $2,930,000 $491,000 16.76% $41,735 Sep 2020 $2,450,000 $303,000 12.37% $25,755 Aug 2020 $2,610,000 $241,000 9.23% $20,485 Jul 2020 $1,550,000 $171,000 11.03% $14,535 Jun 2020 $346,600 $68,714 19.83% $5,841 May 2020 $113,283 $30,502 26.93% $2,593 Apr 2020 $434 $289 66.59% $25 Mar 2020 $8,051 $3,130 38.88% $266 Since PASPA Repeal* $52,078,368 $6,704,635 12.87% $569,894 Year-To-Date $33,320,000 $4,336,000 13.01% $368,560 New Mexico Sports Betting Revenue
Tennessee Sports Betting Revenue
Tennessee Handle Revenue Hold State Tax Aug 2021 $144,500,000 $13,200,000 9.13% $2,640,000 Jul 2021 $144,500,000 $13,400,000 9.27% $2,680,000 Jun 2021 $174,500,000 $16,100,000 9.23% $3,220,000 May 2021 $160,900,000 $13,700,000 8.51% $2,740,000 Apr 2021 $172,400,000 $14,400,000 8.35% $2,880,000 Mar 2021 $205,900,000 $16,100,000 7.82% $3,220,000 Feb 2021 $176,300,000 $13,000,000 7.37% $2,600,000 Jan 2021 $211,300,000 $21,800,000 10.32% $4,360,000 Dec 2020 $180,900,000 $13 0% $3 Nov 2020 $131,444,523 $13,244,908 10.08% $2,648,982 Since PASPA Repeal* $1,702,644,523 $134,944,921 7.93% $26,988,984 Year-To-Date $1,390,300,000 $121,700,000 8.75% $24,340,000 Virginia Sports Betting Revenue
Virginia Handle Revenue Hold State Tax Aug 2021 $182,418,252 $17,967,427 9.85% $2,695,114 Jul 2021 $161,901,955 $19,965,556 12.33% $2,994,833 Jun 2021 $234,943,435 $22,006,296 9.37% $3,300,944 May 2021 $226,963,573 $23,173,549 10.21% $3,476,032 Apr 2021 $236,432,524 $19,442,317 8.22% $2,916,348 Mar 2021 $304,066,245 $26,573,877 8.74% $3,986,082 Feb 2021 $265,778,306 $12,238,780 4.6% $1,835,817 Jan 2021 $58,896,564 $3,586,077 6.09% $537,912 Since PASPA Repeal* $1,671,400,854 $144,953,879 8.67% $21,743,082 Year-To-Date $1,671,400,854 $144,953,879 8.67% $21,743,082 New Hampshire Sports Betting Revenue
New Hampshire Handle Revenue Hold State Tax Aug 2021 $36,319,740 $1,594,235 4.39% $159,424 Jul 2021 $36,724,165 $3,062,545 8.34% $306,255 Jun 2021 $39,268,179 $3,302,340 8.41% $330,234 May 2021 $42,367,381 $3,115,230 7.35% $311,523 Apr 2021 $46,700,713 $3,302,340 7.07% $330,234 Mar 2021 $55,800,096 $4,254,732 7.62% $425,473 Feb 2021 $50,995,349 $1,787,930 3.51% $178,793 Jan 2021 $59,795,433 $4,197,029 7.02% $419,703 Dec 2020 $51,649,897 $4,537,653 8.79% $453,765 Nov 2020 $46,523,447 $4,770,459 10.25% $477,046 Oct 2020 $47,055,486 $4,203,875 8.93% $420,388 Sep 2020 $41,373,620 $2,290,364 5.54% $229,036 Aug 2020 $27,496,050 $1,367,516 4.97% $136,752 Jul 2020 $11,623,208 $1,268,688 10.92% $126,869 Jun 2020 $8,138,772 $691,103 8.49% $69,110 May 2020 $7,180,450 $424,947 5.92% $42,495 Apr 2020 $3,774,668 $262,393 6.95% $26,239 Mar 2020 $8,768,769 $818,605 9.34% $81,861 Feb 2020 $22,130,928 $1,359,395 6.14% $135,940 Jan 2020 $16,834,974 $1,643,793 9.76% $164,379 Dec 2019 $360,726 $44,759 12.41% $4,476 Since PASPA Repeal* $660,882,051 $48,299,931 7.31% $4,829,993 Year-To-Date $367,971,056 $24,616,381 6.69% $2,461,638 Michigan Sports Betting Revenue
Michigan Handle Revenue Hold State Tax Sep 2021 $386,780,231 $27,138,074 7.02% $2,279,598 Aug 2021 $208,565,955 $17,537,778 8.41% $1,473,173 Jul 2021 $206,267,088 $20,766,255 10.07% $1,744,365 Jun 2021 $259,504,202 $27,244,793 10.5% $2,288,563 May 2021 $257,748,035 $21,228,714 8.24% $1,783,212 Apr 2021 $274,212,630 $21,922,961 7.99% $1,841,529 Mar 2021 $383,691,892 $35,238,593 9.18% $2,960,042 Feb 2021 $325,569,037 $9,395,302 2.89% $789,205 Jan 2021 $150,849,896 $17,423,564 11.55% $1,463,579 Dec 2020 $9,720,393 $1,883,240 19.37% $158,192 Nov 2020 $25,080,140 $2,337,638 9.32% $196,362 Oct 2020 $46,120,824 $7,596,972 16.47% $638,146 Sep 2020 $33,503,929 $4,376,407 13.06% $367,618 Aug 2020 $15,744,256 $1,977,052 12.56% $166,072 Jul 2020 $0 $0 0% $0 Jun 2020 $0 $0 0% $0 May 2020 $0 $0 0% $0 Apr 2020 $0 $0 0% $0 Mar 2020 $593,956 $105,548 17.77% $8,866 Since PASPA Repeal* $2,583,952,464 $216,172,891 8.37% $18,158,523 Year-To-Date $2,453,188,966 $197,896,034 8.07% $16,623,267 Colorado Sports Betting Revenue
Colorado Handle Revenue Hold State Tax Aug 2021 $211,918,185 $15,228,343 7.19% $472,079 Jul 2021 $181,327,995 $15,652,461 8.63% $485,226 Jun 2021 $229,764,688 $19,730,957 8.59% $611,660 May 2021 $248,968,193 $15,154,761 6.09% $469,798 Apr 2021 $244,446,760 $17,563,939 7.19% $544,482 Mar 2021 $300,990,842 $20,365,119 6.77% $631,319 Feb 2021 $266,549,207 $10,444,810 3.92% $323,789 Jan 2021 $326,903,462 $23,144,535 7.08% $717,481 Dec 2020 $284,551,472 $17,151,867 6.03% $531,708 Nov 2020 $231,238,842 $18,354,655 7.94% $568,994 Oct 2020 $210,719,821 $17,402,409 8.26% $539,475 Sep 2020 $207,655,943 $4,166,334 2.01% $129,156 Aug 2020 $128,646,209 $7,519,599 5.85% $233,108 Jul 2020 $59,183,620 $5,196,599 8.78% $161,095 Jun 2020 $38,136,949 $3,484,014 9.14% $108,004 May 2020 $25,621,762 $2,565,729 10.01% $79,538 Since PASPA Repeal* $3,196,623,950 $213,126,131 6.67% $6,606,910 Year-To-Date $2,010,869,332 $137,284,925 6.83% $4,255,833 Illinois Sports Betting Revenue
Illinois Handle Revenue Hold State Tax Aug 2021 $400,359,760 $26,849,155 6.71% $4,333,454 Jul 2021 $369,134,820 $37,292,354 10.1% $6,018,986 Jun 2021 $476,517,309 $48,187,783 10.11% $7,777,508 May 2021 $507,279,761 $36,230,990 7.14% $5,847,682 Apr 2021 $537,158,723 $43,605,926 8.12% $7,037,996 Mar 2021 $633,614,957 $44,317,702 6.99% $7,152,877 Feb 2021 $509,794,592 $35,393,768 6.94% $5,712,554 Jan 2021 $581,553,300 $47,945,298 8.24% $7,738,371 Dec 2020 $491,720,536 $23,873,152 4.86% $3,853,127 Nov 2020 $449,239,162 $41,286,027 9.19% $6,663,565 Oct 2020 $434,310,957 $42,200,300 9.72% $6,811,128 Sep 2020 $305,222,938 $6,837,289 2.24% $1,103,538 Aug 2020 $140,065,649 $7,233,360 5.16% $1,167,464 Jul 2020 $52,524,820 $3,623,985 6.9% $584,911 Jun 2020 $8,281,803 $368,651 4.45% $59,500 May 2020 $0 $0 0% $0 Apr 2020 $0 $0 0% $0 Mar 2020 $997,739 $72,028 7.22% $11,625 Since PASPA Repeal* $5,897,776,826 $445,317,768 7.55% $71,874,288 Year-To-Date $4,015,413,222 $319,822,976 7.96% $51,619,428 All States Sports Betting Revenue
Month Handle Revenue Hold State Tax City Tax Sep 2021 $1,758,741,089 $213,446,234 12.14% $31,910,900 $962,273 Aug 2021 $3,054,921,267 $215,592,781 7.06% $29,108,046 $581,775 Jul 2021 $2,784,430,539 $263,393,943 9.46% $35,232,741 $665,158 Jun 2021 $3,101,885,049 $298,982,110 9.64% $43,926,747 $977,679 May 2021 $3,209,271,956 $241,438,997 7.52% $36,519,297 $903,918 Apr 2021 $3,229,297,965 $254,245,701 7.87% $37,756,768 $892,713 Mar 2021 $3,956,904,719 $305,525,635 7.72% $44,369,173 $1,030,067 Feb 2021 $4,174,692,241 $251,337,486 6.02% $37,118,160 $847,696 Jan 2021 $4,644,505,631 $398,761,087 8.59% $52,705,367 $1,350,685 Dec 2020 $4,182,793,737 $282,191,817 6.75% $37,643,756 $1,217,389 Nov 2020 $3,449,720,163 $304,849,661 8.84% $45,931,353 $1,294,333 Oct 2020 $3,239,024,221 $275,161,577 8.5% $40,374,990 $1,307,477 Sep 2020 $2,861,014,307 $151,273,079 5.29% $19,031,677 $629,509 Aug 2020 $2,181,122,192 $124,871,668 5.73% $18,202,743 $701,823 Jul 2020 $909,010,732 $72,918,161 8.02% $9,696,340 $326,468 Jun 2020 $447,504,674 $28,356,348 6.34% $3,980,982 $130,714 May 2020 $285,014,234 $22,749,309 7.98% $3,082,722 $100,088 Apr 2020 $139,267,530 $7,984,980 5.73% $1,405,447 $56,669 Mar 2020 $608,057,615 $34,375,550 5.65% $5,686,698 $198,068 Feb 2020 $1,725,571,729 $80,231,780 4.65% $8,445,789 $178,680 Jan 2020 $1,778,744,181 $128,154,907 7.2% $18,363,283 $642,343 Dec 2019 $1,843,293,855 $106,182,644 5.76% $13,017,481 $366,646 Nov 2019 $1,852,396,896 $106,505,228 5.75% $14,856,218 $516,026 Oct 2019 $1,543,860,561 $146,895,280 9.51% $18,924,880 $790,779 Sep 2019 $1,362,234,064 $132,866,045 9.75% $17,457,050 $523,761 Aug 2019 $745,672,166 $61,903,906 8.3% $8,841,362 $313,129 Jul 2019 $580,519,961 $36,706,245 6.32% $5,417,317 $143,744 Jun 2019 $685,522,666 $34,036,351 4.97% $4,811,578 $127,532 May 2019 $725,218,412 $33,099,716 4.56% $4,508,253 $104,915 Apr 2019 $731,081,406 $52,354,691 7.16% $6,975,225 $166,743 Mar 2019 $1,094,069,317 $79,355,808 7.25% $9,991,062 $306,336 Feb 2019 $881,392,595 $52,240,052 5.93% $4,505,267 $149,194 Jan 2019 $1,003,387,701 $41,862,910 4.17% $5,317,111 $163,874 Dec 2018 $981,468,358 $78,451,727 7.99% $8,336,087 $287,121 Nov 2018 $987,829,757 $53,132,891 5.38% $5,310,824 $77,150 Oct 2018 $849,616,724 $43,659,858 5.14% $3,772,046 $47,134 Sep 2018 $810,905,421 $90,865,922 11.21% $8,585,029 $220,152 Aug 2018 $357,248,816 $23,154,109 6.48% $2,178,165 $25,802 Jul 2018 $293,535,556 $8,368,106 2.85% $831,630 $0 Jun 2018 $309,961,639 $24,506,884 7.91% $2,093,272 $0 Nov -0001 $0 $0 0% $0 $0 Since PASPA Repeal* $69,360,711,640 $5,161,991,185 7.44% $706,222,837 $19,325,561 Year-To-Date $29,914,650,456 $2,442,723,974 8.17% $348,647,199 $8,211,965
How Revenue From Sports Betting Has Helped States During COVID-19
States with legal sports betting industries, especially those with mobile sportsbooks, were able to make make additional revenue for their state during the outbreak of COVID-19. The entire country underwent major budget deficits because of the pandemic, and states wh ere there are legal sportsbooks have been able to contribute some sort of funding to their economy to help ease the burden. This has led to other parts of the country that have not yet made gambling on sporting events legal begin to take notice and see the industry in a different light.
Lawmakers in states without a legal sports betting industry are now considering its legalization in upcoming sessions because of the revenue stream that the market has steadily provided. And the states with only retail-based establishments are looking at mobile platforms to be made legal so they too can receive more revenue from the industry as prior to the pandemic 80% of sports bets were placed using these outlets in states that allowed them. With the outbreak of COVID-19, mobile sports wagering revenue has skyrocketed even further making more states that are without it want that part of the industry to become legal as well.
The Real Size Of The US Sports Betting Market
As revenue reports are released over time, the ability to correctly analyze the entire size of the legal US sports betting market is made much easier. The first year of operations since the PASPA repeal has given us a more defined scope, as gambling industry analysts estimated that the annual betting handle is somewhere between $200 and $400 billion. Through the first year, every licensed sportsbook (which besides New Mexico are subject to monthly reports from their states) have accumulated for a total handle of over $9 billion.
This yearly handle will be sure to increase drastically as time goes on with more states legalizing sports betting and bettors’ comfort of using in-state licensed sportsbooks over the offshore betting sites. Additionally, the expansion into mobile betting will expedite the betting handle get closer to the aforementioned estimations. In New Jersey alone, sports betting occurs over mobile devices at a rate of 4 to 1 compared to that of retail betting parlors. Once the majority of states move toward this allowance, the size of the US sports betting market will increase in every category from handle and revenue to the states’ tax revenue.
Sports Betting Tax Revenue
States are quite different in the amount of handle they receive each month. The large market states like New Jersey and Nevada easily surpass the $300 million handle milestone but this does not equate to high tax revenue. Because each state regulates its industry independently, the tax rates range immensely. For example, Nevada receives only 6.75% of their books’ sports betting revenue; however, other states like Pennsylvania tax sports betting at 36%.
Take a record month for Nevada in March 2019. The books collected over $596 million for the betting handle, keeping $32.5 million as revenue. At 6.75%, the State of Nevada received just shy of $2.2 million in tax revenue for the month. Compare that to the first month of Pennsylvania sports betting that introduced mobile sports betting – June 2019. With a handle of $46 million and $3.1 of that kept by the books, it came nowhere near Nevada’s record month. However, Pennsylvania collected over $1 million in revenue due to the fact their tax rate is over 5 times that of Nevada’s.
With a large betting market, Nevada can get away with a rate of 6.75%. Smaller markets like Rhode Island and Delaware tax their industry at 51% and 50%, respectively, and are currently the highest tax rates of the legal sports betting states. Not every state is able to tax the industry this high; however, as both of these states use their lottery as the retailer, they remove the middle man. Currently, the tax rates of the legal sports betting states that have launched are:
- Arkansas – 13% of first $150 million in receipts, then 20%
- Colorado – 10% of revenue
- Delaware – 50% of revenue
- District of Columbia – 10% of revenue
- Illinois – 15% of revenue
- Indiana – 9.5% of revenue
- Iowa – 6.75% of revenue
- Michigan – 8.4% of revenue
- Mississippi – 12% of revenue
- Montana – 8.5%
- Nevada – 6.75% of revenue
- New Hampshire – 51% online; 50% retail
- New Jersey – 8.5% of land-based revenue; 13% of online revenue
- New Mexico – 26% of revenue
- New York – 8.5% on land-based revenue; 12% on online revenue
- North Carolina – Tribal Lands
- Oregon – 2.3%
- Pennsylvania – 36% of revenue
- Rhode Island – 51% of revenue
- Tennessee – 20% of revenue
- West Virginia – 10% of revenue
Every state allocates the money they collect into different coffers. The ones who allow horse-racing tracks to offer sports betting use a small percentage to boost the purses for the races. However, on the grand scale, the majority of states use the funds to help fund the new industry with administrative costs, marketing efforts, and policing the sportsbooks. After this amount is taken out, infrastructure projects like rebuilding roads, tunnels, and bridges are amongst the highest priorities. With most of the state’s allocating the money to their state’s general fund, they also assist in providing essential programs for education and further developing the health services department. Some states (Mississippi, Pennsylvania, and Arkansas) even provide a small percentage to the city or county that hosts the sportsbooks.
Glossary Of Sports Betting Terms
- Action – Any submitted wager.
- Arbitrage – Betting on the same game in a different fashion to guarantee a profit.
- Bad Beat – Action that took a turn for the worst in the final moments of a contest.
- Bankroll – The total amount of money a bettor has available.
- Bookmaker – An operator who accepts action.
- Buying Points – Adjusting the odds to receive a more favorable point spread.
- Even – Odds that do no cost vigorish.
- Favorite – The team projected to win (aka chalk).
- Field – A collection of players or teams not listed in a specific wager.
- Futures – A wager that involves a long-term proposition.
- Grand Salami – The projected number of runs/points/goals for all games within a league.
- Handle – The total amount of money wagered by bettors and received by Bookmakers.
- Hedge – A method to control losing money by wagering on the opposite side of the original wager.
- Hold – The percentage of revenue divided by the handle (aka keep).
- Hook – A half-point line movement.
- In-Play – The ability to wager on games while they are taking place (aka live betting).
- Liability – The total amount of money a Bookmaker will lose in the result of a game’s conclusion.
- Limit – The highest amount of money a Bookmaker will accept for a wager (aka circled game).
- Lock – A wager that seems like it can’t lose.
- Longshot – A wager that is highly unlikely but pays out well.
- Middle – Submitting two wagers to create a channel. Bettors can win both bets or lose one’s vigorish.
- Moneyline – Odds for selecting a team to win a match regardless of points.
- Odds – The payout associated with a wager.
- Odds Board – The display which features betting lines and odds on all of the available wagers.
- Off the Board – A wager that has been removed the odds board due to unknown circumstances.
- Parlay – A combination of multiple wagers in which all must be correct to win.
- Pick ‘Em – When no favorite is declared and odds are even or extremely close to.
- Propositional Bet – A wager involving an independent aspect of a game/season (aka prop bet).
- Point Spread – The projected margin of victory or defeat for a sporting event (aka line).
- Push – A bet that ends in a tie and returns the bettor’s wager amount (aka draw or no action).
- Revenue – The amount kept by sportsbooks from losing wagers.
- Round Robin – A combination of multiple wagers broken down into varying parlays.
- Sharp – A professional gambler or one with enough money to influence the odds.
- Teaser – A parlay that involves moving the spreads in the bettor’s favor for lessened odds.
- Total – The projected number of points scored for a sporting event (aka over/under).
- Tout – One who sells picks or their advice to other bettors.
- Underdog – The team projected to lose (aka dog).
- Unit – A percentage of a bettor’s bankroll, usually 1%.
- Vigorish – The commission made from a Bookmaker accepting a wager (aka vig or juice).