Last updated on: July 20th, 2022

Legal Sports Betting Revenue Tracker

As states release their sports betting handle and revenue numbers monthly, we keep track and calculate their tax contributions to their respective states and cities. We also predict future sports betting markets, as this revenue tracker offers a one-stop-shop for anyone looking to learn more about the money bet on sports in every state. With regulated markets launching in the US every year, the US sports betting handle and revenue numbers have increased drastically creating a multi-billion dollar industry. The 20+ states that report so far each have different methods for accumulating and distributing data, but this page is updated as needed, consolidating and standardizing each of these states’ reports for ease of understanding.

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Sports Betting Revenue By State

Sports betting has been regulated in 33 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

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 pulling in the revenue. In 2020, the state pulled $285 million in revenue; an impressive total considering the state lost several months of revenue to the pandemic. Following that, 2021 saw Nevada become the second state to wager over $1 billion in a single month, just after New Jersey had done the same. 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.

NevadaHandleRevenueHoldState Tax
Mar 2022$863,283,921$36,926,0004.28%$2,492,505
Feb 2022$780,768,853$30,920,0003.96%$2,087,100
Jan 2022$1,109,329,327$49,997,0004.51%$3,374,798
Dec 2021$1,104,986,618$15,960,0001.44%$1,077,300
Nov 2021$1,086,010,454$71,971,0006.63%$4,858,043
Oct 2021$1,100,712,575$48,312,0004.39%$3,261,060
Sep 2021$786,508,562$54,205,0006.89%$3,658,838
Aug 2021$427,425,369$14,342,0003.36%$968,085
Jul 2021$409,659,756$33,278,0008.12%$2,246,265
Jun 2021$544,806,558$29,186,0005.36%$1,970,055
May 2021$477,191,062$27,079,0005.67%$1,827,833
Apr 2021$454,734,387$27,240,0005.99%$1,838,700
Mar 2021$640,984,932$39,346,0006.14%$2,655,855
Feb 2021$742,953,328$46,213,8646.22%$3,119,436
Jan 2021$958,717,526$82,640,9798.62%$5,578,266
Dec 2020$996,300,794$66,386,5166.66%$4,481,090
Nov 2020$609,376,849$61,807,00010.14%$4,171,973
Oct 2020$659,899,331$42,388,0006.42%$2,861,190
Sep 2020$575,144,025$32,895,0005.72%$2,220,413
Aug 2020$474,948,414$16,985,0003.58%$1,146,488
Jul 2020$165,552,030$6,295,0003.8%$424,913
Jun 2020$78,152,387$-483,0000$-32,603
Mar 2020$141,108,201$1,455,0001.03%$98,213
Feb 2020$491,593,677$38,064,0007.74%$2,569,320
Jan 2020$502,233,930$20,152,0004.01%$1,360,260
Dec 2019$571,179,245$36,327,0006.36%$2,452,073
Nov 2019$614,118,812$31,013,0005.05%$2,093,378
Oct 2019$543,552,781$47,887,0008.81%$3,232,373
Sep 2019$546,358,867$52,068,0009.53%$3,514,590
Aug 2019$287,757,296$18,733,0006.51%$1,264,478
Jul 2019$235,659,955$10,534,0004.47%$711,045
Jun 2019$322,077,670$16,587,0005.15%$1,119,623
May 2019$317,380,282$11,267,0003.55%$760,523
Apr 2019$328,121,212$21,656,0006.6%$1,461,780
Mar 2019$596,752,294$32,523,0005.45%$2,195,303
Feb 2019$458,591,549$35,816,0007.81%$2,417,580
Jan 2019$497,482,993$14,626,0002.94%$987,255
Dec 2018$561,859,873$44,106,0007.85%$2,977,155
Nov 2018$581,070,664$27,136,0004.67%$1,831,680
Oct 2018$528,568,873$29,547,0005.59%$1,994,423
Sep 2018$571,034,483$56,304,0009.86%$3,800,520
Aug 2018$247,622,790$12,604,0005.09%$850,770
Jul 2018$244,638,554$4,061,0001.66%$274,118
Jun 2018$286,548,295$20,173,0007.04%$1,361,678
Since PASPA Repeal*$24,522,759,354$1,416,529,3595.78%$95,615,732
Year-To-Date$2,753,382,101$117,843,0004.28%$7,954,403
New Jersey Sports Betting Revenue

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.

New JerseyHandleRevenueHoldState Tax
Apr 2022$926,946,780$50,345,8085.43%$4,279,394
Mar 2022$1,120,904,954$66,404,3705.92%$5,644,371
Feb 2022$985,568,313$30,873,3693.13%$2,624,236
Jan 2022$1,348,860,083$60,195,9024.46%$5,116,652
Dec 2021$1,229,561,891$59,047,6734.8%$5,019,052
Nov 2021$1,258,189,436$114,788,7269.12%$9,757,042
Oct 2021$1,303,198,342$84,152,0356.46%$7,152,923
Sep 2021$1,011,114,310$82,440,4208.15%$7,007,436
Aug 2021$664,675,859$52,023,0817.83%$4,421,962
Jul 2021$578,729,290$54,966,2579.5%$4,672,132
Jun 2021$766,888,420$71,267,5449.29%$6,057,741
May 2021$814,270,654$52,895,4306.5%$4,496,112
Apr 2021$747,986,522$54,839,2177.33%$4,661,333
Mar 2021$859,617,961$60,755,4727.07%$5,164,215
Feb 2021$742,953,328$46,213,8646.22%$3,928,178
Jan 2021$958,717,526$82,640,9798.62%$7,024,483
Dec 2020$996,300,794$66,386,5166.66%$5,642,854
Nov 2020$931,620,415$50,554,5355.43%$4,297,135
Oct 2020$803,096,172$58,508,6477.29%$4,973,235
Sep 2020$748,588,349$45,083,1786.02%$3,832,070
Aug 2020$667,979,150$39,507,1815.91%$3,358,110
Jul 2020$315,118,805$29,551,9879.38%$2,511,919
Jun 2020$165,014,553$12,639,0747.66%$1,074,321
May 2020$117,821,281$9,912,0628.41%$842,525
Apr 2020$54,593,092$2,634,0504.82%$223,894
Mar 2020$181,908,529$13,181,3717.25%$1,120,417
Feb 2020$494,813,807$16,934,5463.42%$1,439,436
Jan 2020$540,113,452$53,561,6269.92%$4,552,738
Dec 2019$557,786,161$31,278,9305.61%$2,658,709
Nov 2019$562,675,543$32,895,5465.85%$2,796,121
Oct 2019$487,924,504$46,393,5379.51%$5,685,164
Sep 2019$445,563,503$37,883,3758.5%$4,544,361
Aug 2019$293,594,862$25,210,3428.59%$3,006,897
Jul 2019$251,371,272$17,884,8007.11%$2,146,045
Jun 2019$273,222,975$9,701,9253.55%$1,136,890
May 2019$318,940,677$15,536,3844.87%$1,937,973
Apr 2019$313,719,562$21,215,7476.76%$2,548,364
Mar 2019$372,451,342$31,669,3878.5%$3,783,605
Feb 2019$320,368,087$12,732,7403.97%$1,660,591
Jan 2019$385,279,662$18,777,5824.87%$2,295,031
Dec 2018$319,173,548$20,834,8676.53%$2,430,242
Nov 2018$330,748,563$21,243,8656.42%$2,455,824
Oct 2018$260,711,301$11,686,1194.48%$1,391,082
Sep 2018$183,948,404$23,775,36612.93%$2,586,456
Aug 2018$95,634,048$9,198,2729.62%$922,401
Jul 2018$40,682,237$3,845,8809.45%$326,900
Jun 2018$16,409,619$3,458,66821.08%$293,987
Since PASPA Repeal*$27,165,357,938$1,817,528,2526.69%$165,502,560
Year-To-Date$4,382,280,130$207,819,4494.74%$17,664,653
Arizona Sports Betting Revenue

Arizona Sports Betting Revenue - Arizona's regulated sports betting market launched on September 9, 2021 and featured both legal in-person and mobile sports betting options. On their first month Arizona sportsbooks generated $31.2 million in revenue with a $292.2 million handle. Their monthly handle then nearly doubled the following month when bookmakers received $486 million in wagers, generating $36.3 million in sports betting revenue in their second month of operation.

ArizonaHandleRevenueHoldState Tax
Feb 2022$491,665,554$25,629,8355.21%$2,562,984
Jan 2022$563,694,591$41,890,2007.43%$4,189,020
Dec 2021$499,213,733$39,822,9287.98%$3,982,293
Nov 2021$466,725,687$51,416,14311.02%$5,141,614
Oct 2021$486,097,352$36,326,5427.47%$3,632,654
Sep 2021$291,212,868$31,238,32210.73%$3,123,832
Since PASPA Repeal*$2,798,609,785$226,323,9708.09%$22,632,397
Year-To-Date$1,055,360,145$67,520,0356.4%$6,752,004
Mississippi Sports Betting Revenue

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.

MississippiHandleRevenueHoldState TaxCity Tax
Apr 2022$35,503,585$4,209,29011.86%$336,743$168,372
Mar 2022$47,889,213$4,042,2328.44%$323,379$161,689
Feb 2022$40,871,618$1,887,9954.62%$151,040$75,520
Jan 2022$66,523,295$6,521,3899.8%$521,711$260,856
Dec 2021$56,839,743$3,238,7305.7%$259,098$129,549
Nov 2021$60,582,141$9,520,84615.72%$761,668$380,834
Oct 2021$83,527,015$9,146,35310.95%$731,708$365,854
Sep 2021$54,835,753$8,846,12116.13%$707,690$353,845
Aug 2021$21,436,948$1,886,4058.8%$150,912$75,456
Jul 2021$30,659,426$2,887,6959.42%$231,016$115,508
Jun 2021$43,099,180$3,194,3177.41%$255,545$127,773
May 2021$36,125,896$3,888,29910.76%$311,064$155,532
Apr 2021$32,917,836$4,300,96813.07%$344,077$172,039
Mar 2021$50,546,886$5,237,03110.36%$418,962$209,481
Feb 2021$47,807,574$4,606,8409.64%$368,547$184,274
Jan 2021$67,707,628$9,114,48313.46%$729,159$364,579
Dec 2020$55,298,807$7,762,54214.04%$621,003$310,502
Nov 2020$54,443,370$8,108,10214.89%$648,648$324,324
Oct 2020$61,192,425$8,769,60014.33%$701,568$350,784
Sep 2020$52,220,289$6,598,93112.64%$527,914$263,957
Aug 2020$40,489,135$3,748,7329.26%$299,899$149,949
Jul 2020$7,916,665$1,335,76316.87%$106,861$53,431
Jun 2020$1,575,859$-62,2300$-4,978$-2,489
May 2020$236,503$87,69737.08%$7,016$3,508
Apr 2020$0$00$0$0
Mar 2020$10,749,403$648,6476.03%$51,892$25,946
Feb 2020$34,462,822$2,105,8706.11%$168,470$84,235
Jan 2020$45,190,371$4,637,96710.26%$371,037$185,519
Dec 2019$49,076,413$3,478,9197.09%$278,314$139,157
Nov 2019$56,369,036$3,784,0716.71%$302,726$151,363
Oct 2019$48,019,481$12,295,35725.6%$983,629$491,814
Sep 2019$37,870,989$5,631,58314.87%$450,527$225,263
Aug 2019$19,876,370$2,884,34814.51%$230,748$115,374
Jul 2019$13,383,383$1,053,7767.87%$84,302$42,151
Jun 2019$15,190,666$1,625,11310.7%$130,009$65,005
May 2019$17,438,291$1,191,9576.84%$95,357$47,678
Apr 2019$19,188,763$2,057,83410.72%$164,627$82,313
Mar 2019$32,421,264$4,898,72515.11%$391,898$195,949
Feb 2019$25,148,134$2,756,43910.96%$220,515$110,258
Jan 2019$35,190,773$2,793,2377.94%$223,459$111,729
Dec 2018$41,762,048$6,174,22314.78%$493,938$246,969
Nov 2018$44,499,883$1,674,2503.76%$133,940$66,970
Oct 2018$32,837,333$1,178,3433.59%$94,267$47,134
Sep 2018$31,770,269$5,503,79217.32%$440,303$220,152
Aug 2018$6,270,127$645,05710.29%$51,605$25,802
Since PASPA Repeal*$1,666,962,609$185,897,64011.15%$14,871,811$7,435,906
Year-To-Date$190,787,711$16,660,9068.73%$1,332,872$666,436
West Virginia Sports Betting Revenue

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.

West VirginiaHandleRevenueHoldState Tax
Apr 2022$35,864,019$3,081,4918.59%$261,927
Mar 2022$61,482,860$3,336,2845.43%$283,584
Feb 2022$49,271,583$1,954,9993.97%$166,175
Jan 2022$58,894,228$4,098,1386.96%$348,342
Dec 2021$57,274,811$4,144,8697.24%$352,314
Nov 2021$84,259,419$7,107,9708.44%$604,177
Oct 2021$61,679,909$2,667,2224.32%$226,714
Sep 2021$60,072,261$7,141,06611.89%$606,991
Aug 2021$22,350,089$1,993,3838.92%$169,438
Jul 2021$21,290,275$2,295,74310.78%$195,138
Jun 2021$29,923,766$3,466,22311.58%$294,629
May 2021$25,484,663$2,688,06510.55%$228,486
Apr 2021$34,449,520$2,844,0208.26%$241,742
Mar 2021$42,751,230$3,889,4479.1%$330,603
Feb 2021$38,212,775$1,364,1613.57%$115,954
Jan 2021$50,700,483$3,976,3587.84%$337,990
Dec 2020$70,134,202$6,466,1329.22%$549,621
Nov 2020$48,532,442$4,407,5769.08%$374,644
Oct 2020$44,633,016$3,742,7798.39%$318,136
Sep 2020$76,951,429$4,603,8115.98%$391,324
Aug 2020$45,897,001$2,337,2295.09%$198,664
Jul 2020$15,853,463$1,573,8459.93%$133,777
Jun 2020$6,338,618$567,8368.96%$48,266
May 2020$6,035,532$571,8319.47%$48,606
Apr 2020$1,901,698$124,4156.54%$10,575
Mar 2020$14,705,300$234,9721.6%$19,973
Feb 2020$48,474,168$821,6141.69%$69,837
Jan 2020$35,398,396$2,203,1896.22%$187,271
Dec 2019$30,343,333$2,322,9157.66%$197,448
Nov 2019$32,968,352$2,289,0566.94%$194,570
Oct 2019$37,022,626$3,156,8308.53%$268,331
Sep 2019$25,620,077$3,755,76014.66%$319,240
Aug 2019$10,743,386$1,527,32414.22%$129,823
Jul 2019$7,764,843$707,2149.11%$60,113
Jun 2019$7,634,979$379,2284.97%$32,234
May 2019$10,704,030$937,0658.75%$79,651
Apr 2019$10,334,722$617,7465.98%$52,508
Mar 2019$13,850,999$1,552,96211.21%$132,002
Feb 2019$16,609,597$-143,4730$-12,195
Jan 2019$22,431,187$1,460,5416.51%$124,146
Dec 2018$13,332,131$2,221,52116.66%$188,829
Nov 2018$13,020,483$1,371,80310.54%$116,603
Oct 2018$12,760,994$799,8186.27%$67,985
Sep 2018$7,322,255$2,129,23529.08%$180,985
Since PASPA Repeal*$1,421,281,149$108,790,2137.65%$9,247,168
Year-To-Date$205,512,690$12,470,9126.07%$1,060,028
Pennsylvania Sports Betting Revenue

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.

PennsylvaniaHandleRevenueHoldState TaxCity Tax
Apr 2022$572,817,741$49,083,3318.57%$16,688,333$981,667
Mar 2022$714,976,578$48,512,2646.79%$16,494,170$970,245
Feb 2022$597,064,049$22,160,5533.71%$7,534,588$443,211
Jan 2022$793,722,787$53,403,6556.73%$18,157,243$1,068,073
Dec 2021$750,388,696$37,953,4745.06%$12,904,181$759,069
Nov 2021$761,574,597$84,921,69311.15%$28,873,376$1,698,434
Oct 2021$776,277,954$42,282,4055.45%$14,376,018$845,648
Sep 2021$578,760,746$48,113,6708.31%$16,358,648$962,273
Aug 2021$348,520,369$25,315,9587.26%$8,607,426$506,319
Jul 2021$304,415,503$27,482,5199.03%$9,344,056$549,650
Jun 2021$420,193,377$42,495,33210.11%$14,448,413$849,907
May 2021$447,465,027$37,419,3138.36%$12,722,566$748,386
Apr 2021$479,411,021$36,033,7277.52%$12,251,467$720,675
Mar 2021$560,259,181$41,029,2697.32%$13,949,951$820,585
Feb 2021$509,547,820$33,171,1206.51%$11,278,181$663,422
Jan 2021$615,294,827$49,305,2688.01%$16,763,791$986,105
Dec 2020$548,590,065$45,344,3488.27%$15,417,078$906,887
Nov 2020$491,910,713$48,500,4439.86%$16,490,151$970,009
Oct 2020$525,802,524$47,834,6479.1%$16,263,780$956,693
Sep 2020$462,787,392$18,277,5663.95%$6,214,372$365,551
Aug 2020$364,985,422$27,593,6777.56%$9,381,850$551,874
Jul 2020$164,782,229$13,651,8658.28%$4,641,634$273,037
Jun 2020$89,000,563$6,660,1577.48%$2,264,453$133,203
May 2020$74,810,033$4,828,9886.46%$1,641,856$96,580
Apr 2020$46,102,988$2,833,4706.15%$963,380$56,669
Mar 2020$131,330,059$8,606,1196.55%$2,926,080$172,122
Feb 2020$329,765,782$4,722,2511.43%$1,605,565$94,445
Jan 2020$348,381,707$22,841,1926.56%$7,766,005$456,824
Dec 2019$342,560,390$11,374,4823.32%$3,867,324$227,490
Nov 2019$316,468,265$18,233,1545.76%$6,199,272$364,663
Oct 2019$241,186,065$14,948,2466.2%$5,082,404$298,965
Sep 2019$194,504,622$14,924,8717.67%$5,074,456$298,497
Aug 2019$109,038,051$9,887,7379.07%$3,361,831$197,755
Jul 2019$59,331,959$5,079,6348.56%$1,727,076$101,593
Jun 2019$46,334,245$3,126,3816.75%$1,062,970$62,528
May 2019$35,934,215$2,861,8527.96%$973,030$57,237
Apr 2019$36,769,146$4,221,48211.48%$1,435,304$84,430
Mar 2019$44,527,574$5,519,34012.4%$1,876,576$110,387
Feb 2019$31,500,743$1,946,8176.18%$661,918$38,936
Jan 2019$32,011,838$2,607,2158.14%$886,453$52,144
Dec 2018$16,173,089$2,007,59212.41%$682,581$40,152
Nov 2018$1,414,587$508,99735.98%$173,059$10,180
Since PASPA Repeal*$14,316,694,539$1,027,626,0747.18%$349,392,865$20,552,521
Year-To-Date$2,678,581,155$173,159,8036.46%$58,874,333$3,463,196
Rhode Island Sports Betting Revenue

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.

Rhode IslandHandleRevenueHoldState Tax
Apr 2022$40,186,632$2,632,1346.55%$1,342,388
Mar 2022$45,766,958$3,738,2238.17%$1,906,494
Feb 2022$42,143,261$3,566,3938.46%$1,818,860
Jan 2022$58,614,487$5,228,2778.92%$2,666,421
Dec 2021$54,935,498$1,777,7173.24%$906,636
Nov 2021$52,747,831$6,703,14412.71%$3,418,603
Oct 2021$60,158,844$3,608,5706%$1,840,371
Sep 2021$41,203,997$4,012,2959.74%$2,046,270
Aug 2021$24,042,834$1,129,8594.7%$576,228
Jul 2021$22,095,960$3,263,27614.77%$1,664,271
Jun 2021$29,468,571$3,666,02912.44%$1,869,675
May 2021$28,252,139$2,772,9109.81%$1,414,184
Apr 2021$29,040,966$3,168,53210.91%$1,615,951
Mar 2021$38,583,919$3,976,14010.31%$2,027,831
Feb 2021$34,110,104$1,555,8244.56%$793,470
Jan 2021$39,817,327$3,717,2009.34%$1,895,772
Dec 2020$22,770,472$2,533,09011.12%$1,291,876
Nov 2020$35,098,445$6,281,32117.9%$3,203,474
Oct 2020$34,704,413$4,388,84112.65%$2,238,309
Sep 2020$31,293,150$2,352,7887.52%$1,199,922
Aug 2020$23,116,965$1,423,3916.16%$725,929
Jul 2020$6,738,626$351,4255.22%$179,227
Jun 2020$2,100,736$101,3284.82%$51,677
May 2020$1,533,114$163,47210.66%$83,371
Apr 2020$591,377$27,3814.63%$13,964
Mar 2020$8,949,157$841,7679.41%$429,301
Feb 2020$28,177,862$2,323,4328.25%$1,184,950
Jan 2020$26,939,692$3,279,24112.17%$1,672,413
Dec 2019$31,670,511$2,571,7558.12%$1,311,595
Nov 2019$31,465,062$2,746,5188.73%$1,400,724
Oct 2019$28,281,024$2,457,1368.69%$1,253,139
Sep 2019$22,195,789$2,516,06111.34%$1,283,191
Aug 2019$10,060,066$851,7888.47%$434,412
Jul 2019$8,321,947$827,5799.94%$422,065
Jun 2019$14,736,667$2,149,99914.59%$1,096,499
May 2019$18,900,152$899,1654.76%$458,574
Apr 2019$16,859,818$1,970,11011.69%$1,004,756
Mar 2019$23,582,716$1,548,2306.57%$789,597
Feb 2019$20,686,618$-890,6230$-454,218
Jan 2019$19,051,125$159,9780.84%$81,589
Dec 2018$13,087,999$957,9137.32%$488,536
Nov 2018$682,714$72,99710.69%$37,228
Since PASPA Repeal*$1,122,765,545$97,422,6068.68%$49,685,529
Year-To-Date$186,711,338$15,165,0278.12%$7,734,164
Arkansas Sports Betting Revenue

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.

ArkansasHandleRevenueHoldState Tax
Apr 2022$8,598,226$749,8118.72%$97,475
Mar 2022$10,686,501$791,8487.41%$102,940
Feb 2022$5,876,444$331,0015.63%$43,030
Jan 2022$8,415,932$1,181,33514.04%$153,574
Dec 2021$7,794,292$47,5990.61%$6,188
Nov 2021$8,380,191$1,623,43519.37%$211,047
Oct 2021$9,506,183$803,5578.45%$104,462
Sep 2021$7,007,774$809,40411.55%$105,223
Aug 2021$2,892,285$310,48110.73%$40,363
Jun 2021$3,895,683$359,0009.22%$46,670
May 2021$3,687,207$498,32513.51%$64,782
Apr 2021$4,065,703$761,53618.73%$99,000
Mar 2021$5,947,427$807,09113.57%$104,922
Feb 2021$4,469,442$655,35614.66%$85,196
Jan 2021$7,187,194$1,388,25819.32%$180,474
Dec 2020$6,415,446$1,054,27216.43%$137,055
Nov 2020$6,288,249$975,98415.52%$126,878
Oct 2020$6,559,859$940,51414.34%$122,267
Sep 2020$3,958,748$397,09510.03%$51,622
Aug 2020$1,008,992$69,6256.9%$9,051
Jul 2020$179,315$-19,6330$-2,552
Jun 2020$1,189$100.84%$1
May 2020$509$-115,0000$-14,950
Apr 2020$0$00$0
Mar 2020$1,588,403$222,37314%$28,908
Feb 2020$4,294,366$411,5899.58%$53,507
Jan 2020$2,587,732$254,8119.85%$33,125
Dec 2019$2,633,806$455,36817.29%$59,198
Nov 2019$2,978,235$181,4976.09%$23,595
Oct 2019$2,216,369$380,00617.15%$49,401
Sep 2019$2,252,196$183,0448.13%$23,796
Aug 2019$778,249$58,8587.56%$7,652
Jul 2019$416,160$76,88518.47%$9,995
Since PASPA Repeal*$142,568,307$16,645,33511.68%$2,163,894
Year-To-Date$33,577,103$3,053,9959.1%$397,019
New York Sports Betting Revenue

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.

New YorkHandleRevenueHoldState Tax
Apr 2022$1,396,791,941$104,535,8987.48%$8,885,551
Mar 2022$1,644,789,692$114,956,2046.99%$9,771,277
Feb 2022$1,534,078,894$81,424,5985.31%$6,921,091
Jan 2022$1,686,263,898$123,130,1267.3%$10,466,061
Dec 2021$21,129,981$764,6143.62%$64,992
Nov 2021$21,519,094$3,956,49018.39%$336,302
Oct 2021$25,567,296$1,718,6146.72%$146,082
Sep 2021$17,355,782$3,187,04518.36%$270,899
Aug 2021$9,153,602$1,080,57111.8%$91,849
Jul 2021$9,338,107$1,273,62113.64%$108,258
Jun 2021$1,858,642$185,86410%$15,798
May 2021$1,590,114$159,01110%$13,516
Apr 2021$1,322,623$132,26210%$11,242
Mar 2021$1,845,685$184,56910%$15,688
Feb 2021$1,153,276$115,32810%$9,803
Jan 2021$3,569,855$356,98610%$30,344
Dec 2020$2,258,771$225,87710%$19,200
Nov 2020$2,619,676$261,96810%$22,267
Oct 2020$2,623,464$262,34610%$22,299
Sep 2020$1,403,543$140,35410%$11,930
Mar 2020$99,514$9,95110%$846
Feb 2020$-179,593$00$0
Jan 2020$1,943,361$194,33610%$16,519
Dec 2019$780,418$78,04210%$6,634
Nov 2019$1,308,296$130,83010%$11,121
Oct 2019$2,233,227$223,32310%$18,982
Sep 2019$2,283,865$228,38710%$19,413
Aug 2019$828,152$82,81510%$7,039
Jul 2019$349,468$34,94710%$2,970
Since PASPA Repeal*$6,395,880,644$439,034,9776.86%$37,317,973
Year-To-Date$6,261,924,425$424,046,8266.77%$36,043,980
Iowa Sports Betting Revenue

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.

IowaHandleRevenueHoldState Tax
Apr 2022$177,370,317$12,398,2436.99%$836,881
Mar 2022$233,525,474$14,411,0466.17%$972,746
Feb 2022$215,921,313$8,579,1003.97%$579,089
Jan 2022$303,327,688$14,269,5574.7%$963,195
Dec 2021$266,518,049$13,371,1975.02%$902,556
Nov 2021$287,247,116$19,746,2666.87%$1,332,873
Oct 2021$280,899,986$6,556,2182.33%$442,545
Sep 2021$210,434,586$5,716,0382.72%$385,833
Aug 2021$108,417,527$6,604,6476.09%$445,814
Jul 2021$88,963,377$7,097,8267.98%$479,103
Jun 2021$111,176,671$8,424,6997.58%$568,667
May 2021$114,882,963$6,133,4775.34%$414,010
Apr 2021$118,355,535$7,725,2726.53%$521,456
Mar 2021$161,439,561$13,454,1588.33%$908,156
Feb 2021$143,615,170$7,708,1485.37%$520,300
Jan 2021$149,524,789$11,343,3037.59%$765,673
Dec 2020$104,815,630$7,537,0047.19%$508,748
Nov 2020$87,169,919$8,144,0969.34%$549,726
Oct 2020$81,902,416$9,098,99511.11%$614,182
Sep 2020$72,397,241$5,167,8197.14%$348,828
Aug 2020$50,313,674$3,003,9035.97%$202,763
Jul 2020$22,859,622$2,244,0219.82%$151,471
Jun 2020$12,711,201$620,6804.88%$41,896
May 2020$6,976,637$501,0527.18%$33,821
Apr 2020$1,568,497$150,3319.58%$10,147
Mar 2020$19,546,985$1,171,1645.99%$79,054
Feb 2020$56,920,783$755,3341.33%$50,985
Jan 2020$58,027,141$3,234,7945.57%$218,349
Dec 2019$59,258,838$2,904,2574.9%$196,037
Nov 2019$59,344,805$3,599,7496.07%$242,983
Oct 2019$46,500,443$5,658,33312.17%$381,937
Sep 2019$38,528,921$4,956,34712.86%$334,553
Aug 2019$8,576,246$2,162,68825.22%$145,981
Nov -0001$0$00$0
Nov -0001$0$00$0
Nov -0001$0$00$0
Nov -0001$0$00$0
Nov -0001$0$00$0
Since PASPA Repeal*$3,759,039,121$224,449,7625.97%$15,150,359
Year-To-Date$930,144,792$49,657,9465.34%$3,351,911
Oregon Sports Betting Revenue

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.

OregonHandleRevenueHoldState Tax
Apr 2022$42,936,415$3,824,1658.91%$87,956
Mar 2022$36,208,011$3,620,61010%$83,274
Feb 2022$39,458,431$3,335,1658.45%$76,709
Jan 2022$42,899,735$2,389,2805.57%$54,953
Dec 2021$33,743,754$2,597,5037.7%$59,743
Nov 2021$32,673,216$4,428,65813.55%$101,859
Oct 2021$37,639,041$3,022,2988.03%$69,513
Sep 2021$25,070,339$1,259,7445.02%$28,974
Aug 2021$17,686,198$1,063,1356.01%$24,452
Jul 2021$18,189,572$2,173,57211.95%$49,992
Jun 2021$24,903,118$2,841,76711.41%$65,361
May 2021$27,780,213$2,350,2908.46%$54,057
Apr 2021$25,323,061$2,729,27710.78%$62,773
Mar 2021$24,054,960$1,374,3775.71%$31,611
Feb 2021$29,600,150$2,684,7779.07%$61,750
Jan 2021$34,935,891$3,872,60411.08%$89,070
Dec 2020$26,987,303$3,050,78511.3%$70,168
Nov 2020$25,039,884$4,116,31416.44%$94,675
Oct 2020$29,455,228$2,751,1479.34%$63,276
Sep 2020$26,174,303$1,527,2435.83%$35,127
Aug 2020$25,845,403$1,662,4066.43%$38,235
Jul 2020$14,042,425$1,003,0377.14%$23,070
Jun 2020$7,921,864$777,9039.82%$17,892
May 2020$7,290,190$598,0618.2%$13,755
Apr 2020$4,430,648$392,7678.86%$9,034
Mar 2020$9,007,680$937,75010.41%$21,568
Feb 2020$20,899,825$1,481,1977.09%$34,068
Jan 2020$21,151,604$1,773,7578.39%$40,796
Dec 2019$22,551,453$1,743,2317.73%$40,094
Nov 2019$17,115,416$960,7145.61%$22,096
Oct 2019$5,605,244$220,3963.93%$5,069
Since PASPA Repeal*$756,620,575$66,563,9308.8%$1,530,970
Year-To-Date$161,502,592$13,169,2208.15%$302,892
Indiana Sports Betting Revenue

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%

IndianaHandleRevenueHoldState Tax
Apr 2022$360,023,255$28,657,4337.96%$2,722,456
Mar 2022$476,802,783$32,275,3316.77%$3,066,156
Feb 2022$409,109,104$16,958,3394.15%$1,611,042
Jan 2022$500,138,648$35,572,3557.11%$3,379,374
Dec 2021$463,015,613$25,772,4285.57%$2,448,381
Nov 2021$463,684,739$47,654,49210.28%$4,527,177
Oct 2021$461,131,242$27,683,0356%$2,629,888
Sep 2021$355,425,184$33,878,2399.53%$3,218,433
Aug 2021$215,636,824$16,537,6817.67%$1,571,080
Jul 2021$194,492,669$17,453,1798.97%$1,658,052
Jun 2021$246,321,671$25,464,80010.34%$2,419,156
May 2021$254,445,226$18,853,1927.41%$1,791,053
Apr 2021$236,403,308$20,079,1768.49%$1,907,522
Mar 2021$316,717,762$26,350,6398.32%$2,503,311
Feb 2021$273,893,073$16,955,9046.19%$1,610,811
Jan 2021$348,244,676$29,330,0698.42%$2,786,357
Dec 2020$313,112,474$24,306,6957.76%$2,309,136
Nov 2020$251,403,994$25,332,12010.08%$2,406,551
Oct 2020$230,932,251$21,098,4609.14%$2,004,354
Sep 2020$207,450,106$14,283,7026.89%$1,356,952
Aug 2020$169,018,238$9,834,8815.82%$934,314
Jul 2020$70,876,622$6,658,4659.39%$632,554
Jun 2020$29,783,580$2,922,1089.81%$277,600
May 2020$37,394,940$3,179,9688.5%$302,097
Apr 2020$26,304,128$1,559,8845.93%$148,189
Mar 2020$74,818,801$5,495,6397.35%$522,086
Feb 2020$187,186,223$11,092,7525.93%$1,053,811
Jan 2020$170,813,163$12,861,0147.53%$1,221,796
Dec 2019$161,808,925$11,989,9097.41%$1,139,041
Nov 2019$147,276,915$9,298,5536.31%$883,363
Oct 2019$91,697,393$11,538,53312.58%$1,096,161
Sep 2019$35,215,416$8,558,97424.3%$813,103
Since PASPA Repeal*$7,780,578,946$599,487,9497.7%$56,951,355
Year-To-Date$1,746,073,790$113,463,4586.5%$10,779,029
Montana Sports Betting Revenue

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.

MontanaHandleRevenueHoldState Tax
Mar 2022$3,982,000$672,00016.88%$57,120
Feb 2022$3,632,000$706,00019.44%$60,010
Jan 2022$5,117,000$670,00013.09%$56,950
Dec 2021$4,920,000$643,00013.07%$54,655
Nov 2021$4,530,000$879,00019.4%$74,715
Oct 2021$4,400,000$568,00012.91%$48,280
Sep 2021$3,020,000$560,00018.54%$47,600
Aug 2021$3,350,000$475,00014.18%$40,375
Jul 2021$2,630,000$450,00017.11%$38,250
Jun 2021$3,700,000$400,00010.81%$34,000
May 2021$4,000,000$500,00012.5%$42,500
Apr 2021$3,200,000$500,00015.63%$42,500
Mar 2021$4,410,000$652,00014.78%$55,420
Feb 2021$3,870,000$312,0008.06%$26,520
Jan 2021$5,140,000$487,0009.47%$41,395
Dec 2020$5,570,000$595,00010.68%$50,575
Nov 2020$3,180,000$465,00014.62%$39,525
Oct 2020$2,930,000$491,00016.76%$41,735
Sep 2020$2,450,000$303,00012.37%$25,755
Aug 2020$2,610,000$241,0009.23%$20,485
Jul 2020$1,550,000$171,00011.03%$14,535
Jun 2020$346,600$68,71419.83%$5,841
May 2020$113,283$30,50226.93%$2,593
Apr 2020$434$28966.59%$25
Mar 2020$8,051$3,13038.88%$266
Since PASPA Repeal*$78,659,368$10,842,63513.78%$921,624
Year-To-Date$12,731,000$2,048,00016.09%$174,080
New Mexico Sports Betting Revenue

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.

Louisiana Sports Betting Revenue

Louisiana Sports Betting Revenue - Sports betting in Louisiana launched in October of 2021, nearly a year after it was legalized. The Louisiana Gaming Control Board is responsible for regulating both land-based and mobile wagering. Louisiana’s first reported month started strong in November, with a $276 million handle generating $5.6 million in revenue - a massive 20.6% hold rate on the first month of operation.

LouisianaHandleRevenueHoldState Tax
Apr 2022$208,255,060$5,607,4282.69%$1,155,130
Mar 2022$232,730,341$30,140,81812.95%$6,209,009
Feb 2022$238,413,596$17,294,6917.25%$3,562,706
Jan 2022$89,732,385$3,666,0724.09%$755,211
Dec 2021$39,495,003$4,380,93011.09%$902,472
Nov 2021$27,639,592$5,685,70620.57%$1,171,255
Since PASPA Repeal*$836,265,977$66,775,6457.98%$13,755,783
Year-To-Date$769,131,382$56,709,0097.37%$11,682,056
Tennessee Sports Betting Revenue

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.

TennesseeHandleRevenueHoldState Tax
Apr 2022$292,796,670$27,142,8009.27%$5,428,560
Mar 2022$370,230,004$26,520,4687.16%$5,304,094
Feb 2022$313,298,305$20,945,0186.69%$4,189,004
Jan 2022$386,059,756$36,249,4539.39%$7,249,891
Dec 2021$341,800,000$24,600,0007.2%$4,920,000
Nov 2021$365,700,000$36,900,00010.09%$7,380,000
Oct 2021$375,300,000$23,300,0006.21%$4,660,000
Sep 2021$257,300,000$25,600,0009.95%$5,120,000
Aug 2021$144,500,000$13,200,0009.13%$2,640,000
Jul 2021$144,500,000$13,400,0009.27%$2,680,000
Jun 2021$174,500,000$16,100,0009.23%$3,220,000
May 2021$160,900,000$13,700,0008.51%$2,740,000
Apr 2021$172,400,000$14,400,0008.35%$2,880,000
Mar 2021$205,900,000$16,100,0007.82%$3,220,000
Feb 2021$176,300,000$13,000,0007.37%$2,600,000
Jan 2021$211,300,000$21,800,00010.32%$4,360,000
Dec 2020$180,900,000$13,900,0007.68%$2,780,000
Nov 2020$131,444,523$13,244,90810.08%$2,648,982
Since PASPA Repeal*$4,405,129,258$370,102,6478.4%$74,020,529
Year-To-Date$1,362,384,735$110,857,7398.14%$22,171,548
Maryland Sports Betting Revenue

Maryland Sports Betting Revenue - Going live roughly half-way through December of 2021, Maryland's legal sports betting market went live just in time for fans to place their wagers on the Super Bowl. In January, their first full month of operation, Maryland sportsbooks handled over $32.5 million in sports wagers, generating $4.3 million in revenue. The Maryland state government saw $1.1 million in taxes from the first month and a half of sports betting.

MarylandHandleRevenueHoldState Tax
Apr 2022$26,908,845$2,838,50110.55%$425,775
Mar 2022$32,025,892$3,927,57312.26%$589,136
Feb 2022$25,526,148$955,3773.74%$143,307
Jan 2022$32,580,831$4,375,31613.43%$656,297
Dec 2021$16,552,430$3,170,00019.15%$475,500
Since PASPA Repeal*$133,594,146$15,266,76711.43%$2,290,015
Year-To-Date$117,041,716$12,096,76710.34%$1,814,515
Virginia Sports Betting Revenue

Virginia Sports Betting Revenue - Virginia's regulated sports betting market quickly became a powerhouse of US wagering, as Virginia residents bet over $3.2 billion in the first year of operation. The regulated sportsbooks themselves generated over $285.8 million in revenue, $20.3 million of which went to state taxes. By 2022, Virginia had the ninth largest Year-to-date sports betting handle, despite being active for less time than many of the states it was above.

VirginiaHandleRevenueHoldState Tax
Apr 2022$399,478,366$36,275,2649.08%$5,441,290
Mar 2022$469,484,017$33,700,0167.18%$5,055,002
Jan 2022$485,544,417$39,050,0678.04%$5,857,510
Dec 2021$426,596,891$31,515,0157.39%$4,727,252
Nov 2021$402,621,132$48,337,03712.01%$7,250,556
Oct 2021$427,320,306$30,160,3857.06%$4,524,058
Sep 2021$293,851,531$30,929,24310.53%$4,639,386
Aug 2021$182,418,252$17,967,4279.85%$2,695,114
Jul 2021$161,901,955$19,965,55612.33%$2,994,833
Jun 2021$234,943,435$22,006,2969.37%$3,300,944
May 2021$226,963,573$23,173,54910.21%$3,476,032
Apr 2021$236,432,524$19,442,3178.22%$2,916,348
Mar 2021$304,066,245$26,573,8778.74%$3,986,082
Feb 2021$265,778,306$12,238,7804.6%$1,835,817
Jan 2021$58,896,564$3,586,0776.09%$537,912
Since PASPA Repeal*$4,576,297,514$394,920,9068.63%$59,238,136
Year-To-Date$1,354,506,800$109,025,3478.05%$16,353,802
New Hampshire 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.

New HampshireHandleRevenueHoldState Tax
Apr 2022$73,149,079$3,436,4464.7%$343,645
Mar 2022$78,811,441$5,283,2486.7%$528,325
Feb 2022$423,768,381$21,633,4715.11%$2,163,347
Jan 2022$99,540,825$8,029,4278.07%$802,943
Dec 2021$86,449,528$2,645,9343.06%$264,593
Nov 2021$83,168,812$6,172,5867.42%$617,259
Oct 2021$98,191,306$5,409,1975.51%$540,920
Sep 2021$68,123,241$3,767,1155.53%$376,712
Aug 2021$36,319,740$1,594,2354.39%$159,424
Jul 2021$36,724,165$3,062,5458.34%$306,255
Jun 2021$39,268,179$3,302,3408.41%$330,234
May 2021$42,367,381$3,115,2307.35%$311,523
Apr 2021$46,700,713$3,302,3407.07%$330,234
Mar 2021$55,800,096$4,254,7327.62%$425,473
Feb 2021$50,995,349$1,787,9303.51%$178,793
Jan 2021$59,795,433$4,197,0297.02%$419,703
Dec 2020$51,649,897$4,537,6538.79%$453,765
Nov 2020$46,523,447$4,770,45910.25%$477,046
Oct 2020$47,055,486$4,203,8758.93%$420,388
Sep 2020$41,373,620$2,290,3645.54%$229,036
Aug 2020$27,496,050$1,367,5164.97%$136,752
Jul 2020$11,623,208$1,268,68810.92%$126,869
Jun 2020$8,138,772$691,1038.49%$69,110
May 2020$7,180,450$424,9475.92%$42,495
Apr 2020$3,774,668$262,3936.95%$26,239
Mar 2020$8,768,769$818,6059.34%$81,861
Feb 2020$22,130,928$1,359,3956.14%$135,940
Jan 2020$16,834,974$1,643,7939.76%$164,379
Dec 2019$360,726$44,75912.41%$4,476
Since PASPA Repeal*$1,672,084,664$104,677,3556.26%$10,467,736
Year-To-Date$675,269,726$38,382,5925.68%$3,838,259
Connecticut Sports Betting Revenue

Connecticut Sports Betting Revenue - The Connecticut sports betting market launched on October 7, 2021. Currently boasting six land-based sportsbooks, and three online sports betting apps, Connecticut's regulated wagering industry took in over $54 million in sports bets from the first month of activation alone. This resulted in over $4.9 million in revenue, $1.2 million of which went to taxes. All sports wagering tax revenue is allocated to the state's general fund.

ConnecticutHandleRevenueHoldState Tax
Apr 2022$116,465,199$9,235,0207.93%$1,269,815
Mar 2022$140,747,137$9,785,4206.95%$1,345,495
Feb 2022$115,619,953$4,749,4894.11%$653,055
Jan 2022$158,092,481$11,187,1627.08%$1,538,235
Jan 2022$158,092,481$11,187,1627.08%$1,538,235
Dec 2021$150,073,755$8,879,7335.92%$1,220,963
Nov 2021$131,729,179$16,655,20512.64%$2,290,091
Oct 2021$54,641,474$4,903,1718.97%$674,186
Since PASPA Repeal*$1,025,461,659$76,582,3627.47%$10,530,075
Year-To-Date$689,017,251$46,144,2536.7%$6,344,835
South Dakota Sports Betting Revenue

South Dakota Sports Betting Revenue - South Dakota sportsbooks began accepting sports wagers on September 9, 2021, where they handled $443,365 in sports bets in their first month. September sports betting generated $71,320 in revenue, while October saw just $2k shy of $100,000 in revenue. South Dakota's six sportsbooks are all located in Deadwood, where 9% of all sports betting revenue goes to state taxes. Those taxes are then included in the rest of South Dakota's gaming revenue tax allocation plan: 70% to the general fund, 10% to municipalities in Lawrence County (except Deadwood), 10% to school districts in Lawrence County, and 10% to Deadwood for deposit in historic restoration and preservation fund.

South DakotaHandleRevenueHoldState Tax
Apr 2022$368,517$13,7353.73%$1,236
Mar 2022$975,347$32,3893.32%$2,915
Feb 2022$685,631$71,80710.47%$6,463
Jan 2022$835,252$82,2919.85%$7,406
Dec 2021$675,312$10,3061.53%$928
Nov 2021$717,775$74,91910.44%$6,743
Oct 2021$1,258,402$98,0377.79%$8,823
Sep 2021$443,365$71,32016.09%$6,419
Since PASPA Repeal*$5,959,601$454,8047.63%$40,932
Year-To-Date$2,864,747$200,2226.99%$18,020
Washington DC Sports Betting Revenue

Washington DC Sports Betting Revenue - Since 2020, Washington DC has been a slow addition to the regulated sportsbook party. Having their state-run betting app, GamBet, bettors in DC also add to the handle through other local sportsbooks located at stadiums, bars, or around town. DC is saved by the NFL season, accounting for roughly $25 million in total money bet in DC for each of those months. To compare, the DC sportsbooks handle drop about 50% during the offseasion. Taxed at 10% of sportsbook revenue, the District has collected over $3 million in sports betting tax benefits. By the numbers, DC is one of the worst betting jurisdictions as far as bettors' success goes. With the sportsbooks averaging a 12-13% hold, this is nearly double the typical average of 5-7%.

Washington DCHandleRevenueHoldState Tax
Apr 2022$18,379,904$1,431,2757.79%$143,128
Mar 2022$20,432,719$1,365,9966.69%$136,600
Feb 2022$19,072,856$740,5423.88%$74,054
Jan 2022$18,627,789$1,962,25510.53%$196,226
Dec 2021$19,220,227$1,398,7067.28%$139,871
Nov 2021$21,419,454$4,434,92220.71%$443,492
Oct 2021$26,332,228$1,570,6615.96%$157,066
Sep 2021$20,706,473$3,883,67418.76%$388,367
Aug 2021$12,445,312$1,492,90112%$149,290
Jul 2021$12,808,240$1,801,74814.07%$180,175
Jun 2021$19,518,408$2,191,48611.23%$219,149
May 2021$13,772,411$2,008,09114.58%$200,809
Apr 2021$10,746,937$2,087,24019.42%$208,724
Mar 2021$15,275,215$1,867,03412.22%$186,703
Feb 2021$15,303,079$1,333,0198.71%$133,302
Jan 2021$15,746,168$2,805,49217.82%$280,549
Dec 2020$16,696,995$2,708,65216.22%$270,865
Nov 2020$17,600,534$3,611,20020.52%$361,120
Oct 2020$18,535,847$3,539,86919.1%$353,987
Sep 2020$15,455,160$1,804,29911.67%$180,430
Aug 2020$11,262,442$1,703,41615.12%$170,342
Jul 2020$743,330$144,02019.37%$14,402
Jun 2020$223,730$36,98516.53%$3,699
May 2020$9,723$2402.47%$24
Since PASPA Repeal*$360,335,181$45,923,72312.74%$4,592,372
Year-To-Date$76,513,268$5,500,0687.19%$550,007
Michigan Sports Betting Revenue

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.

MichiganHandleRevenueHoldState Tax
Apr 2022$396,009,819$32,630,4918.24%$2,740,961
Mar 2022$477,967,947$32,445,1336.79%$2,725,391
Feb 2022$423,768,381$21,633,4715.11%$1,817,212
Jan 2022$532,681,710$36,608,5696.87%$3,075,120
Dec 2021$514,630,536$35,870,4376.97%$3,013,117
Nov 2021$500,521,376$58,448,72911.68%$4,909,693
Oct 2021$497,565,425$26,949,8535.42%$2,263,788
Sep 2021$386,780,231$27,138,0747.02%$2,279,598
Aug 2021$208,565,955$17,537,7788.41%$1,473,173
Jul 2021$206,267,088$20,766,25510.07%$1,744,365
Jun 2021$259,504,202$27,244,79310.5%$2,288,563
May 2021$257,748,035$21,228,7148.24%$1,783,212
Apr 2021$274,212,630$21,922,9617.99%$1,841,529
Mar 2021$383,691,892$35,238,5939.18%$2,960,042
Feb 2021$325,569,037$9,395,3022.89%$789,205
Jan 2021$150,849,896$17,423,56411.55%$1,463,579
Dec 2020$9,720,393$1,883,24019.37%$158,192
Nov 2020$25,080,140$2,337,6389.32%$196,362
Oct 2020$46,120,824$7,596,97216.47%$638,146
Sep 2020$33,503,929$4,376,40713.06%$367,618
Aug 2020$15,744,256$1,977,05212.56%$166,072
Jul 2020$0$00$0
Jun 2020$0$00$0
May 2020$0$00$0
Apr 2020$0$00$0
Mar 2020$593,956$105,54817.77%$8,866
Since PASPA Repeal*$5,927,097,658$460,759,5747.77%$38,703,804
Year-To-Date$1,830,427,857$123,317,6646.74%$10,358,684
Wyoming Sports Betting Revenue

Wyoming Sports Betting Revenue - After launching a sports betting on September 1, 2021, sportsbooks were off to a rough start losing money in their first month. For the month of September, Wyoming sportsbooks lost over $123,000 in sports betting revenue. They did however, handle over $6.2 million, meaning that Wyoming residents bet over $6.2 million on sports in the first month of regulated Wyoming sports wagering. 10% of all sports betting revenue goes to taxes, $300,000 of which will be earmarked to gambling treatment every year. The rest will go into the general fund.

WyomingHandleRevenueHoldState Tax
Apr 2022$9,995,920$1,007,79610.08%$100,780
Mar 2022$12,704,938$1,104,2368.69%$110,424
Feb 2022$10,301,603$722,6317.01%$72,263
Jan 2022$13,977,632$1,098,4607.86%$109,846
Dec 2021$12,285,012$813,5046.62%$81,350
Nov 2021$10,973,008$1,363,69612.43%$136,370
Oct 2021$10,847,657$881,2008.12%$88,120
Sep 2021$6,242,469$954,41615.29%$95,442
Since PASPA Repeal*$87,328,239$7,945,9399.1%$794,594
Year-To-Date$46,980,093$3,933,1238.37%$393,312
Colorado Sports Betting Revenue

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.

ColoradoHandleRevenueHoldState Tax
Mar 2022$505,611,080$28,238,1945.58%$875,384
Feb 2022$440,508,421$19,604,4904.45%$607,739
Jan 2022$573,720,213$34,640,2196.04%$1,073,847
Dec 2021$461,448,574$24,732,4975.36%$766,707
Nov 2021$500,521,376$58,448,72911.68%$1,811,911
Oct 2021$497,565,425$26,949,8535.42%$835,445
Sep 2021$408,314,625$22,658,6305.55%$702,418
Aug 2021$211,918,185$15,228,3437.19%$472,079
Jul 2021$181,327,995$15,652,4618.63%$485,226
Jun 2021$229,764,688$19,730,9578.59%$611,660
May 2021$248,968,193$15,154,7616.09%$469,798
Apr 2021$244,446,760$17,563,9397.19%$544,482
Mar 2021$300,990,842$20,365,1196.77%$631,319
Feb 2021$266,549,207$10,444,8103.92%$323,789
Jan 2021$326,903,462$23,144,5357.08%$717,481
Dec 2020$284,551,472$17,151,8676.03%$531,708
Nov 2020$231,238,842$18,354,6557.94%$568,994
Oct 2020$210,719,821$17,402,4098.26%$539,475
Sep 2020$207,655,943$4,166,3342.01%$129,156
Aug 2020$128,646,209$7,519,5995.85%$233,108
Jul 2020$59,183,620$5,196,5998.78%$161,095
Jun 2020$38,136,949$3,484,0149.14%$108,004
May 2020$25,621,762$2,565,72910.01%$79,538
Since PASPA Repeal*$6,584,313,664$428,398,7436.51%$13,280,361
Year-To-Date$1,519,839,714$82,482,9035.43%$2,556,970
Illinois Sports Betting Revenue

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.

IllinoisHandleRevenueHoldState Tax
Mar 2022$971,278,389$60,629,3276.24%$9,785,573
Feb 2022$679,374,199$35,600,0855.24%$5,745,854
Jan 2022$867,505,495$59,343,3786.84%$9,578,021
Dec 2021$789,600,348$36,677,2084.65%$5,919,701
Nov 2021$779,853,367$78,227,18910.03%$12,625,868
Oct 2021$840,440,436$48,316,6445.75%$7,798,306
Sep 2021$596,455,694$44,579,5647.47%$7,195,142
Aug 2021$400,359,760$26,849,1556.71%$4,333,454
Jul 2021$369,134,820$37,292,35410.1%$6,018,986
Jun 2021$476,517,309$48,187,78310.11%$7,777,508
May 2021$507,279,761$36,230,9907.14%$5,847,682
Apr 2021$537,158,723$43,605,9268.12%$7,037,996
Mar 2021$633,614,957$44,317,7026.99%$7,152,877
Feb 2021$509,794,592$35,393,7686.94%$5,712,554
Jan 2021$581,553,300$47,945,2988.24%$7,738,371
Dec 2020$491,720,536$23,873,1524.86%$3,853,127
Nov 2020$449,239,162$41,286,0279.19%$6,663,565
Oct 2020$434,310,957$42,200,3009.72%$6,811,128
Sep 2020$305,222,938$6,837,2892.24%$1,103,538
Aug 2020$140,065,649$7,233,3605.16%$1,167,464
Jul 2020$52,524,820$3,623,9856.9%$584,911
Jun 2020$8,281,803$368,6514.45%$59,500
May 2020$0$00$0
Apr 2020$0$00$0
Mar 2020$997,739$72,0287.22%$11,625
Since PASPA Repeal*$11,422,284,754$808,691,1637.08%$130,522,754
Year-To-Date$2,518,158,083$155,572,7906.18%$25,109,448
All States Sports Betting Revenue
MonthHandleRevenueHoldState TaxCity Tax
Apr 2022$5,138,846,290$379,136,3607.38%$52,589,424$1,150,038
Mar 2022$8,573,298,197$562,859,2306.57%$73,865,364$1,131,935
Feb 2022$7,885,766,891$372,278,4194.72%$45,270,957$518,731
Jan 2022$9,962,792,966$646,027,0456.48%$81,887,079$1,328,929
Dec 2021$7,409,150,295$379,836,0025.13%$50,469,843$888,619
Nov 2021$7,412,988,992$739,466,5819.98%$98,641,732$2,079,268
Oct 2021$7,520,258,398$435,385,8505.79%$56,212,931$1,211,502
Sep 2021$5,480,239,791$440,989,4008.05%$58,370,148$1,316,118
Aug 2021$3,062,115,108$216,632,0407.07%$29,030,515$581,775
Jul 2021$2,793,128,198$264,562,6079.47%$35,096,373$665,158
Jun 2021$3,660,251,878$329,715,2309.01%$45,793,768$977,679
May 2021$3,693,174,518$269,848,6477.31%$38,209,218$903,918
Apr 2021$3,689,308,769$282,678,7107.66%$39,357,077$892,713
Mar 2021$4,606,498,751$345,773,2507.51%$46,729,021$1,030,067
Feb 2021$4,182,475,610$245,150,7955.86%$33,491,607$847,696
Jan 2021$4,644,602,545$399,075,4828.59%$51,740,368$1,350,685
Dec 2020$4,183,794,051$295,703,3417.07%$39,146,062$1,217,389
Nov 2020$3,447,810,604$302,559,3468.78%$43,341,716$1,294,333
Oct 2020$3,240,474,034$275,218,4018.49%$38,987,455$1,307,477
Sep 2020$2,864,030,165$151,105,1805.28%$18,226,008$629,509
Aug 2020$2,189,427,000$126,207,9685.76%$18,189,527$701,823
Jul 2020$909,544,780$73,050,0678.03%$9,704,685$326,468
Jun 2020$447,728,404$28,393,3336.34%$3,984,681$130,714
May 2020$285,023,957$22,749,5497.98%$3,082,746$100,088
Apr 2020$139,267,530$7,984,9805.73%$1,405,447$56,669
Mar 2020$604,180,547$33,804,0645.6%$5,400,955$198,068
Feb 2020$1,718,540,650$80,071,9804.66%$8,365,889$178,680
Jan 2020$1,769,615,523$126,637,7207.16%$17,604,689$642,343
Dec 2019$1,830,010,219$104,569,5675.71%$12,210,942$366,646
Nov 2019$1,842,088,737$105,132,6885.71%$14,169,948$516,026
Oct 2019$1,534,239,157$145,158,6979.46%$18,056,589$790,779
Sep 2019$1,350,394,246$130,706,4029.68%$16,377,229$523,761
Aug 2019$741,252,678$61,398,9008.28%$8,588,859$313,129
Jul 2019$576,598,987$36,198,8356.28%$5,163,612$143,744
Jun 2019$679,197,202$33,569,6464.94%$4,578,225$127,532
May 2019$719,297,646$32,693,4234.55%$4,305,106$104,915
Apr 2019$724,993,223$51,738,9197.14%$6,667,339$166,743
Mar 2019$1,083,586,189$77,711,6447.17%$9,168,980$306,336
Feb 2019$872,904,728$52,217,9005.98%$4,494,191$149,194
Jan 2019$991,447,578$40,424,5534.08%$4,597,933$163,874
Dec 2018$965,388,688$76,302,1167.9%$7,261,281$287,121
Nov 2018$971,436,894$52,007,9125.35%$4,748,335$77,150
Oct 2018$834,878,501$43,211,2805.18%$3,547,757$47,134
Sep 2018$794,075,411$87,712,39311.05%$7,008,265$220,152
Aug 2018$349,526,965$22,447,3296.42%$1,824,775$25,802
Jul 2018$285,320,791$7,906,8802.77%$601,017$0
Jun 2018$302,957,914$23,631,6687.8%$1,655,664$0
Nov -0001$0$00$0$0
Since PASPA Repeal*$128,963,930,194$9,017,642,3306.99%$1,179,221,329$27,988,427
Year-To-Date$31,560,704,344$1,960,301,0546.21%$253,612,823$4,129,632

Top 10 Sports Betting Markets 2022

  1. New York $6.26B
  2. New Jersey $4.38B
  3. Nevada $3.33B
  4. Pennsylvania $2.68B
  5. Illinois $2.52B
  6. Colorado $1.91B
  7. Michigan $1.83B
  8. Virginia $1.76B
  9. Indiana $1.75B
  10. Tennessee $1.362B

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.

States With Most Tax Revenue

State Tax Revenue Tax %
New York $311,340,328 51%
Pennsylvania $270,174,562 36%
New Jersey $242,021,240 8.5%
Illinois $152,589,033 15%

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).