Last updated on: April 10th, 2025
Legal Sports Betting Revenue Tracker – Sportsbook Revenue By State
As state gaming commissions release their monthly reports, we keep track of the US sportsbook revenue by state. Helpful to predict future industry numbers, this legal sports betting revenue tracker offers a view into the multi-billion-dollar industry.
- The states with sports betting have different methods for distributing data. But this page is updated as needed to consolidate the data for the ease of understanding.
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Sports Betting Revenue By State
Regulated sports betting exists in almost the entire country, though not every state reports their handle or winnings. With legal sports betting everywhere, we’ve compiled monthly revenue reports from states’ gaming commissions to show a look into how much revenue sportsbooks in the US make.
- The first year for each state may not represent an entire calendar year, as their numbers start when they launched that year.
- Even though Nevada previously had sports betting, we started compiling in June 2018 – the first full month after the repeal of PASPA.
- All states are accurate through 2024, with 2025 sports betting revenue filtering in through the summer.
Nevada
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2018 | $3,021,298,706 | $193,929,000 | 6.419% | $13,090,209 |
| 2019 | $5,318,922,640 | $329,037,000 | 6.186% | $22,210,000 |
| 2020 | $4,339,486,867 | $262,800,000 | 6.056% | $17,739,004 |
| 2021 | $8,147,648,361 | $445,116,000 | 5.463% | $30,045,332 |
| 2022 | $8,633,518,183 | $449,071,000 | 5.201% | $30,312,296 |
| 2023 | $7,417,452,705 | $422,307,000 | 5.693% | $28,505,726 |
New Jersey
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2018 | $1,247,307,720 | $94,022,393 | 7.538% | $11,601,261 |
| 2019 | $4,582,898,150 | $299,398,035 | 6.533% | $40,268,621 |
| 2020 | $6,012,531,987 | $398,231,302 | 6.623% | $54,982,359 |
| 2021 | $10,927,585,885 | $814,981,641 | 7.458% | $112,736,461 |
| 2022 | $10,944,593,978 | $762,954,971 | 6.971% | $107,425,899 |
| 2023 | $11,972,320,289 | $1,006,681,602 | 8.408% | $141,517,468 |
Arizona
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $1,743,249,640 | $161,057,784 | 9.239% | $5,955,284 |
| 2022 | $6,036,844,930 | $482,932,555 | 8.000% | $28,914,694 |
| 2023 | $5,166,902,608 | $447,385,347 | 8.659% | $27,977,327 |
Mississippi
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2018 | $158,565,586 | $15,175,667 | 9.571% | $1,821,080 |
| 2019 | $369,173,582 | $44,451,371 | 12.041% | $5,334,165 |
| 2020 | $363,775,649 | $43,741,530 | 12.024% | $5,248,985 |
| 2021 | $586,086,026 | $65,868,088 | 11.239% | $7,904,172 |
| 2022 | $531,585,628 | $60,739,616 | 11.426% | $7,288,754 |
| 2023 | $425,387,043 | $46,337,369 | 10.893% | $5,560,485 |
West Virginia
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2018 | $47,796,234 | $6,623,563 | 13.858% | $662,356 |
| 2019 | $228,285,426 | $19,434,393 | 8.513% | $1,945,349 |
| 2020 | $400,741,355 | $27,286,723 | 6.809% | $2,728,673 |
| 2021 | $546,940,861 | $45,127,957 | 8.251% | $4,512,797 |
| 2022 | $571,317,850 | $50,822,381 | 8.896% | $5,082,238 |
| 2023 | $429,218,366 | $41,406,171 | 9.647% | $4,140,618 |
Pennsylvania
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2018 | $47,796,234 | $6,623,563 | 13.858% | $662,356 |
| 2019 | $228,285,426 | $19,434,393 | 8.513% | $1,945,349 |
| 2020 | $400,741,355 | $27,286,723 | 6.809% | $2,728,673 |
| 2021 | $546,940,861 | $45,127,957 | 8.251% | $4,512,797 |
| 2022 | $571,317,850 | $50,822,381 | 8.896% | $5,082,238 |
| 2023 | $429,218,366 | $41,406,171 | 9.647% | $4,140,618 |
Rhode Island
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2018 | $13,770,713 | $1,030,910 | 7.486% | $525,764 |
| 2019 | $245,811,496 | $17,806,694 | 7.244% | $9,081,413 |
| 2020 | $221,916,076 | $24,067,477 | 10.845% | $12,274,413 |
| 2021 | $454,457,990 | $38,751,495 | 8.527% | $19,763,261 |
| 2022 | $532,609,814 | $49,298,062 | 9.256% | $25,142,012 |
| 2023 | $365,101,422 | $32,717,606 | 8.961% | $16,685,978 |
Arkansas
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2018 | $13,770,713 | $1,030,910 | 7.486% | $525,764 |
| 2019 | $245,811,496 | $17,806,694 | 7.244% | $9,081,413 |
| 2020 | $221,916,076 | $24,067,477 | 10.845% | $12,274,413 |
| 2021 | $454,457,990 | $38,751,495 | 8.527% | $19,763,261 |
| 2022 | $532,609,814 | $49,298,062 | 9.256% | $25,142,012 |
| 2023 | $365,101,422 | $32,717,606 | 8.961% | $16,685,978 |
New York
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2019 | $67,960,787 | $7,783,423 | 11.453% | $778,343 |
| 2020 | $98,109,146 | $10,768,728 | 10.976% | $1,076,872 |
| 2021 | $197,476,663 | $23,321,149 | 11.810% | $2,332,112 |
| 2022 | $16,288,073,156 | $1,367,052,768 | 8.393% | $693,923,018 |
| 2023 | $19,196,867,479 | $1,697,297,617 | 8.842% | $862,582,466 |
Iowa
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2019 | $212,225,668 | $19,283,690 | 9.086% | $1,301,649 |
| 2020 | $575,248,472 | $41,623,877 | 7.236% | $2,809,753 |
| 2021 | $2,053,708,513 | $125,512,412 | 6.112% | $8,472,088 |
| 2022 | $2,348,065,964 | $165,551,990 | 7.051% | $11,174,759 |
| 2023 | $2,420,464,385 | $199,027,690 | 8.223% | $13,434,370 |
Oregon
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2019 | $45,272,116 | $2,924,340 | 6.459% | $1,462,171 |
| 2020 | $218,246,341 | $20,072,419 | 9.197% | $10,036,212 |
| 2021 | $331,599,514 | $30,398,008 | 9.167% | $15,199,008 |
| 2022 | $497,985,675 | $49,519,353 | 9.944% | $24,759,680 |
| 2023 | $601,820,650 | $65,963,483 | 10.961% | $32,981,744 |
Indiana
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2019 | $435,996,520 | $41,576,946 | 9.536% | $3,931,772 |
| 2020 | $1,769,270,606 | $136,395,416 | 7.709% | $13,165,417 |
| 2021 | $3,829,411,987 | $308,304,353 | 8.051% | $29,089,084 |
| 2022 | $4,467,882,215 | $386,888,311 | 8.659% | $36,797,945 |
| 2023 | $4,337,817,508 | $404,363,766 | 9.322% | $38,417,065 |
Montana
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2020 | $18,770,480 | $2,368,463 | 12.618% | $294,849 |
| 2021 | $47,215,732 | $6,406,223 | 13.568% | $1,010,790 |
| 2022 | $50,918,515 | $7,173,449 | 14.088% | $1,248,959 |
| 2023 | $62,258,820 | $8,446,611 | 13.567% | $1,332,437 |
Louisiana
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $67,388,583 | $10,066,406 | 14.938% | $1,006,641 |
| 2022 | $2,302,509,284 | $215,680,964 | 9.367% | $34,205,762 |
| 2023 | $2,528,091,484 | $310,789,087 | 12.293% | $35,876,138 |
Tennessee
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2020 | $312,344,523 | $27,124,908 | 8.684% | $5,443,918 |
| 2021 | $2,730,459,000 | $239,872,000 | 8.785% | $39,300,000 |
| 2022 | $3,850,547,906 | $379,409,891 | 9.853% | $68,052,961 |
| 2023 | $4,292,352,235 | $451,028,296 | 10.508% | $83,557,513 |
Maryland
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $16,552,430 | $3,170,001 | 19.151% | $469,297 |
| 2022 | $979,584,836 | $149,480,586 | 15.260% | $6,100,504 |
| 2023 | $4,617,323,134 | $514,081,188 | 11.134% | $46,165,906 |
Virginia
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $3,221,790,714 | $285,895,559 | 8.874% | $20,340,023 |
| 2022 | $4,914,954,449 | $481,233,605 | 9.791% | $51,765,686 |
| 2023 | $4,315,837,488 | $453,263,732 | 10.502% | $58,350,376 |
New Hampshire
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $3,221,790,714 | $285,895,559 | 8.874% | $20,340,023 |
| 2022 | $4,914,954,449 | $481,233,605 | 9.791% | $51,765,686 |
| 2023 | $4,315,837,488 | $453,263,732 | 10.502% | $58,350,376 |
Connecticut
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $336,444,408 | $33,267,269 | 9.888% | $3,154,423 |
| 2022 | $1,519,890,754 | $145,306,247 | 9.560% | $14,525,092 |
| 2023 | $1,550,846,647 | $159,435,590 | 10.281% | $16,967,075 |
South Dakota
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $2,651,489 | $254,582 | 9.601% | $22,913 |
| 2022 | $7,192,829 | $1,046,997 | 14.556% | $94,229 |
| 2023 | $7,890,753 | $855,833 | 10.846% | $77,026 |
Washington DC
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $2,651,489 | $254,582 | 9.601% | $22,913 |
| 2022 | $7,192,829 | $1,046,997 | 14.556% | $94,229 |
| 2023 | $7,890,753 | $855,833 | 10.846% | $77,026 |
Michigan
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2020 | $130,763,498 | $18,276,857 | 13.977% | $1,535,256 |
| 2021 | $3,965,906,303 | $319,522,216 | 8.057% | $13,612,812 |
| 2022 | $4,814,088,969 | $418,647,137 | 8.696% | $22,059,404 |
| 2023 | $4,197,478,178 | $368,517,713 | 8.780% | $19,450,529 |
Wyoming
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2021 | $40,348,146 | $4,012,816 | 9.945% | $111,914 |
| 2022 | $144,522,130 | $14,787,230 | 10.232% | $843,171 |
| 2023 | $153,223,568 | $15,444,324 | 10.080% | $922,831 |
Colorado
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2020 | $1,185,754,618 | $75,841,207 | 6.396% | $2,965,322 |
| 2021 | $3,847,527,102 | $250,048,945 | 6.499% | $11,701,499 |
| 2022 | $5,181,758,903 | $351,950,255 | 6.792% | $19,634,715 |
| 2023 | $4,235,313,749 | $322,823,162 | 7.622% | $22,251,879 |
Illinois
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2020 | $1,882,620,542 | $137,410,656 | 7.299% | $20,191,143 |
| 2021 | $7,021,763,064 | $534,086,819 | 7.606% | $84,691,181 |
| 2022 | $9,751,301,251 | $806,195,859 | 8.268% | $127,668,464 |
| 2023 | $8,931,018,896 | $809,684,491 | 9.066% | $128,816,132 |
All States
| Year | Yearly Betting Handle | Sportsbook Revenue | Hold Rate | Tax Responsibilities |
|---|---|---|---|---|
| 2022 | $4,506,326,636 | $313,298,122 | 6.952% | $28,606,642 |
| 2023 | $13,008,349,237 | $894,803,020 | 6.879% | $116,787,191 |
| 2024 | $21,516,361,612 | $1,537,352,103 | 7.145% | $233,351,369 |
| 2025 | $57,643,256,951 | $4,329,879,307 | 7.512% | $561,385,988 |
| 2026 | $92,914,954,162 | $7,501,015,109 | 8.073% | $1,501,155,758 |
| 2027 | $95,231,336,904 | $8,486,914,348 | 8.912% | $1,765,960,341 |
Where is Sports Betting Legal?
States With Most Tax Revenue
| State | Tax Revenue | Tax Rate |
|---|---|---|
| New York | $2,846,083,525 | 51% |
| Pennsylvania | $736,579,860 | 36% |
| Illinois | $724,096,708 | 15% |
| New Jersey | $650,993,458 | Varies |
- Over 60% of the sports betting tax benefits in the US come from these four states: New York, Pennsylvania, Illinois, and New Jersey.
- New York is the largest benefiter of sportsbook taxes, seeing roughly 35% of the U.S. total due to their high handle and massive tax rate.
Sports Betting Revenue News
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New York Sports Betting Taxes Top $3 Billion Milestone
New York’s 51% sportsbook tax rate has allowed the state to collect over $3 billion from sports betting since its launch. States with similar betting handles are nowhere close to this figure due to their lower tax rate (New Jersey: $675 million in taxes collected)....
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Americans Have Won Over $450 Billion Betting On Sports
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U.S. Sports Betting Handle Surpasses Half a Trillion Dollars
The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in...
$2B Deficit Puts Indiana Sports Betting Tax in Spotlight
Indiana faces a projected $2 billion revenue shortfall over the next two years, forcing lawmakers to consider new revenue sources and potential budget cuts. With the state’s sports betting industry now taking in roughly $5 billion annually, raising Indiana’s low 9.5%...