US Sports Betting Revenue and Handle 2024

Posted by Admin April 19, 2024 Gambling

There are few business in the U.S. enjoying a more emphatic hot streak than the sports betting industry.

With nearly $120 billion wagered legally across the country, and early trends suggesting an even larger number coming this year, sports betting has established a massive foothold in the American sports scene.

We break down the most up-to-date numbers both in sum and by state, sharing the monthly handle and hold for all legal jurisdictions. These are updated regularly, so check in often.

US Sports Betting Revenue: 2023 vs Previous Years

Let there be no doubt that sports betting continues to grow at a breakneck pace.

Cruising past the $100 billion mark in total legal wagers in 2023 was just the latest milestone for an industry that, as of the end of last year, has seen more than $200 billion in bets at legal sportsbooks since the Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018. And as expected, the best sportsbooks in North America have driven the majority of the action in nearly every state.

Here’s a look at the yearly handle, revenue and hold percentage by year to date (and check out our handy glossary at the bottom of the page for definitions of these betting terms).

Year-by-Year Data, 2018-23

Year	Handle	Gross Revenue	Hold
2023	$121,064,466,469	$11,048,223,917	9.1%
2022	$93,726,726,923	$7,559,425,190	8.1%
2021	$57,525,518,127	$4,341,696,962	7.5%
2020	$21,476,520,882	$1,546,743,084	7.2%
2019	$13,073,426,594	$920,626,754	7.0%
2018	$6,608,072,006	$441,736,410	6.7%

Month-by-Month Data, 2024 to Date

Month	Handle	Gross Revenue	Hold
January	$13,887,058,806	$1,507,276,635	10.9%
February	$11,038,558,296	$870,465,133	7.9%

Month-by-Month Data, 2023

Month	Handle	Gross revenue	Hold
January	$11,498,154,406	$1,065,957,209	9.3%
February	$9,014,426,342	$712,764,443	7.9%
March	$11,236,636,554	$1,068,421,204	9.5%
April	$9,176,221,600	$869,429,328	9.5%
May	$8,137,649,326	$916,328,162	11.3%
June	$6,616,003,472	$548,656,527	8.3%
July	$5,898,621,040	$622,926,008	10.6%
August	$6,660,118,021	$609,167,941	9.1%
September	$11,576,828,147	$1,108,889,239	9.6%
October	$12,812,334,808	$1,242,284,208	9.7%
November	$14,470,268,900	$916,456,015	6.3%
December	$13,967,203,848	$1,366,943,628	9.8%

US States Sports Betting Revenue

Arizona Sports Betting Revenue

The Arizona sports betting scene has thrived since becoming a reality in September 2021, generating well over a billion dollars in gross revenue in its first 2+ years of existence. Retail sportsbooks are taxed at just 8% annually, while online revenue is subject to a 10% tax.

Arizona Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,343,868,740	$125,273,307	9.3%
2023	$6,573,800,271	$557,533,412	8.5%
2022	$6,036,844,929	$482,932,554	8.0%

Arizona 2024 Monthly Revenue Data

Month	Handle	Gross revenue	Hold
January	$706,382,861	$70,943,718	10.0%
February	$637,485,879	$54,329,589	8.5%

Arizona 2023 Monthly Revenue Data

Month	Handle	Gross revenue	Hold
January	$591,220,793	$47,486,816	8.0%
February	$609,278,096	$35,392,452	5.8%
March	$644,763,990	$53,523,946	8.3%
April	$535,712,027	$49,163,322	9.2%
May	$451,717,025	$49,595,605	10.9%
June	$393,198,857	$28,331,607	7.2%
July	$323,211,485	$35,343,494	10.9%
August	$358,875,474	$31,681,151	8.8%
September	$610,716,285	$60,115,066	9.8%
October	$648,208,573	$56,868,980	8.8%
November	$713,586,703	$42,333,281	5.9%
December	$693,310,960	$67,697,686	9.8%

Arizona 2022 Monthly Revenue Data

Month	Handle	Gross revenue	Hold
January	$563,694,591	$41,890,200	7.4%
February	$491,665,553	$25,629,834	5.2%
March	$690,979,294	$38,898,393	5.6%
April	$512,877,847	$30,441,991	5.9%
May	$461,450,688	$56,193,285	12.2%
June	$318,774,198	$12,601,356	4.0%
July	$290,511,532	$22,684,581	7.8%
August	$361,008,835	$37,161,758	10.3%
September	$537,966,148	$56,428,816	10.5%
October	$618,570,296	$49,392,417	8.0%
November	$616,855,044	$56,028,194	9.1%
December	$572,490,899	$55,581,724	9.7%

Arkansas Sports Betting Revenue

Arkansas sports betting continues to grow at a steady pace, with November 2023 to January 2024 marking the first three $50 million months in state history from a handle perspective. Sportsbooks are taxed at a 13% rate on the first $150 million in revenue, and 20% on every dollar above that.

Arkansas Yearly Revenue Data

Year	Handle	Gross revenue	Hold
2024	$141,678,208	$11,934,879	8.4%
2023	$404,764,327	$37,190,265	9.2%
2022	$185,818,482	$17,922,004	9.6%

Arkansas 2024 Monthly Revenue Data

Month	Handle	Gross revenue	Hold
January	$50,698,700	$5,855,921	11.6%
February	$40,947,811	$2,672,209	6.5%
March	$50,031,696	$3,406,749	6.8%

Arkansas 2023 Monthly Revenue Data

Month	Handle	Gross revenue	Hold
January	$32,976,263	$2,868,243	8.7%
February	$29,532,263	$1,709,714	5.8%
March	$37,474,412	$4,264,046	11.4%
April	$25,452,659	$2,336,023	9.2%
May	$22,777,209	$2,293,280	10.1%
June	$22,708,944	$1,334,972	5.9%
July	$17,577,626	$2,077,421	11.8%
August	$22,553,214	$1,673,538	7.4%
September	$41,002,256	$4,026,260	9.8%
October	$44,986,802	$5,825,160	12.9%
November	$54,770,448	$3,018,845	5.5%
December	$52,952,226	$5,762,756	10.9%

Arkansas 2022 Monthly Revenue Data

Month	Handle	Gross revenue	Hold
January	$8,775,931	$1,181,335	13.5%
February	$5,876,443	$331,001	5.6%
March	$10,686,500	$791,848	7.4%
April	$8,598,226	$749,810	8.7%
May	$10,185,647	$583,015	5.7%
June	$12,632,207	$4,044	0.0%
July	$9,290,467	$854,435	9.2%
August	$10,195,911	$1,015,339	10.0%
September	$21,185,546	$3,208,032	15.1%
October	$26,879,106	$2,793,719	10.4%
November	$30,576,009	$2,999,449	9.8%
December	$30,936,484	$3,409,971	11.0%

Colorado Sports Betting Revenue

The Colorado sports betting scene is one of the most prolific in the nation (and that’s especially true for all of the table tennis enthusiasts in the Cenennial State). Strangely, Colorado has seen just one month with double-digit hold since the start of 2022, with nearly identical hold rates from 2022 to 2023 (and so far in 2024).

Colorado Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,133,674,229	$79,252,700	6.9%
2023	$5,560,232,285	$391,773,823	7.0%
2022	$5,181,758,901	$351,950,256	6.8%

Colorado 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$596,685,967	$53,490,322	9.0%
February	$536,988,261	$25,762,378	4.8%

Colorado 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$547,189,024	$35,482,561	6.5%
February	$425,142,876	$22,599,602	5.3%
March	$494,440,209	$45,763,226	9.3%
April	$417,814,147	$35,148,592	8.4%
May	$385,242,135	$31,406,903	8.2%
June	$310,656,478	$9,223,661	3.0%
July	$281,110,490	$24,962,106	8.9%
August	$306,065,790	$25,873,057	8.5%
September	$512,792,794	$45,276,516	8.8%
October	$554,859,801	$46,914,491	8.5%
November	$608,488,266	$28,585,605	4.7%
December	$716,430,270	$40,537,499	5.7%

Colorado 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold %
January	$573,720,213	$34,640,219	6.0%
February	$440,508,420	$19,604,490	4.5%
March	$505,611,080	$28,238,194	5.6%
April	$392,311,737	$22,571,887	5.8%
May	$360,325,437	$27,119,329	7.5%
June	$313,215,080	$6,781,091	2.2%
July	$258,414,807	$20,802,880	8.1%
August	$290,107,969	$25,859,270	8.9%
September	$450,232,596	$51,339,659	11.4%
October	$526,619,776	$36,514,974	6.9%
November	$552,603,012	$37,569,022	6.8%
December	$518,088,768	$40,909,237	7.9%

Connecticut Sports Betting Revenue

Connecticut sports betting has a “hold” on residents, with the state’s sports betting sites consistently generating one of the strongest handle retention rates in the country. And that’s good news for operators, who pay 13.75% on retail revenue and 18% on online earnings.

Connecticut Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$553,409,861	$57,371,956	10.4%
2023	$1,762,933,823	$174,817,802	10.1%
2022	$1,518,393,076	$135,523,218	8.9%

Connecticut 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$202,752,249	$24,844,848	12.3%
February	$162,841,632	$13,978,597	8.6%
March	$187,815,980	$16,981,438	9.0%

Connecticut 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$167,673,044	$17,562,322	10.5%
February	$136,508,300	$10,866,536	8.0%
March	$159,997,579	$16,509,118	10.3%
April	$126,600,000	$13,146,672	10.4%
May	$109,421,369	$14,926,294	13.6%
June	$91,414,677	$8,879,045	9.7%
July	$91,512,897	$10,624,363	11.6%
August	$91,316,807	$9,251,667	10.1%
September	$180,954,956	$18,718,687	10.3%
October	$189,626,160	$19,428,117	10.2%
November	$205,736,989	$12,524,037	6.1%
December	$212,171,045	$22,380,944	10.5%

Connecticut 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$158,092,481	$11,187,162	7.1%
February	$115,619,953	$5,028,912	4.3%
March	$140,747,137	$10,130,861	7.2%
April	$116,465,199	$9,519,496	8.2%
May	$115,180,155	$9,353,193	8.1%
June	$95,421,852	$6,398,056	6.7%
July	$78,316,775	$7,743,423	9.9%
August	$78,539,367	$10,091,279	12.8%
September	$130,547,719	$16,989,682	13.0%
October	$164,170,106	$15,898,881	9.7%
November	$165,026,282	$17,414,783	10.6%
December	$160,266,050	$15,767,490	9.8%

DC Sports Betting Revenue

DC sports betting is off to a healthy start, but it will be fascinating to see how the move from issue-riddled Gambet to industry-leading FanDuel as the district’s lone sportsbook will impact future handle and revenue numbers. Early 2024 trends suggest that the initial shine may have worn off on sports betting in the District of Columbia.

DC Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$27,934,560	$3,152,719	11.2%
2023	$169,771,690	$19,048,156	11.6%
2022	$216,231,404	$23,210,126	10.7%

DC 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$15,957,166	$1,933,438	12.1%
February	$11,977,393	$1,219,280	10.2%

DC 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$20,115,254	$1,494,441	7.4%
February	$14,634,828	$1,193,982	8.2%
March	$18,091,767	$2,275,690	12.6%
April	$14,052,054	$1,418,907	10.1%
May	$12,532,898	$2,024,803	16.2%
June	$11,150,332	$484,672	4.3%
July	$7,722,843	$1,409,549	18.3%
August	$8,111,021	$1,048,451	12.9%
September	$14,480,473	$1,934,261	13.4%
October	$16,435,888	$2,001,444	12.2%
November	$17,128,830	$1,227,995	7.2%
December	$15,315,496	$2,533,959	16.5%

DC 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$18,627,788	$1,962,255	10.5%
February	$19,072,855	$740,542	3.9%
March	$20,432,718	$1,365,996	6.7%
April	$18,379,903	$1,431,275	7.8%
May	$17,234,139	$2,016,708	11.7%
June	$13,760,037	$999,927	7.3%
July	$11,346,178	$1,166,210	10.3%
August	$13,147,645	$1,832,685	13.9%
September	$19,361,047	$3,530,486	18.2%
October	$24,801,500	$3,111,717	12.5%
November	$21,401,681	$2,641,693	12.3%
December	$18,665,909	$2,410,627	12.9%

Delaware Sports Betting Revenue

The coffers in The First State are positively brimming thanks to a whopping 50% tax rate levied on BetRivers, the lone Delaware sports betting operator. That has prompted BetRivers to tighten the odds considerably on most of its betting markets, resulting in astronomical hold rates north of 20% in both 2022 and 2023.

Delaware Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$49,783,965	$3,785,315	7.6%
2023	$65,326,807	$14,539,393	22.3%
2022	$82,471,393	$17,317,229	21%

Delaware 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$17,085,199	$1,957,473	11.5%
February	$13,763,241	$659,017	4.8%
March	$18,935,525	$1,168,825	6.2%

Delaware 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold %
January	$8,457,660	$2,325,156	27.5%
February	$4,120,957	$373,701	9.10%
March	$3,491,183	$626,371	17.9%
April	$3,450,142	$454,657	13.2%
May	$2,760,829	$314,900	11.4%
June	$3,128,258	$123,625	4.0%
July	$2,256,345	$378,416	16.8%
August	$2,400,532	$426,015	17.7%
September	$7,633,258	$1,544,760	20.2%
October	$10,663,361	$3,828,072	35.9%
November	$8,126,283	$1,101,041	13.5%
December	$8,837,999	$3,042,679	34.4%

Delaware 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$12,637,103	$2,716,346	21.5%
February	$5,435,407	$73,298	1.3%
March	$5,157,583	$632,532	12.3%
April	$4,200,298	$359,242	8.6%
May	$5,127,275	$566,488	11.0%
June	$3,507,846	$243,164	6.9%
July	$2,678,686	$438,549	16.4%
August	$2,902,652	$429,732	14.8%
September	$8,948,981	$3,859,442	43.1%
October	$13,545,163	$3,629,919	26.8%
November	$10,172,819	$2,303,197	22.6%
December	$8,157,580	$2,065,320	25.3%

Illinois Sports Betting Revenue

Illinois joined the Billion Dollar Club for monthly handle in October 2022 and hasn’t looked back, recording 11 billion-dollar months as of February 2024. Illinois sports betting features eight prominent betting sites, each of which pay a 15% tax on gross gaming revenue.

Illinois Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$2,356,868,985	$206,673,860	8.8%
2023	$11,613,463,222	$1,002,257,982	8.6%
2022	$9,739,208,276	$794,102,885	8.2%

Illinois 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,291,606,042	$129,511,642	10.1%
February	$1,070,625,059	$77,162,218	7.2%

Illinois 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,077,486,085	$96,005,711	8.9%
February	$880,452,830	$68,362,951	7.8%
March	$1,062,509,013	$97,231,066	10.0%
April	$906,722,813	$89,462,802	9.9%
May	$819,211,197	$89,075,298	10.9%
June	$668,151,969	$54,669,429	8.2%
July	$609,750,651	$60,276,102	9.9%
August	$664,265,657	$47,023,954	7.1%
September	$1,064,847,529	$86,263,444	8.1%
October	$1,169,105,324	$112,724,122	9.6%
November	$1,374,822,624	$72,722,090	5.3%
December	$1,316,137,531	$128,441,014	9.8%

Illinois 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$873,435,399	$65,273,282	7.5%
February	$683,577,994	$35,278,177	5.2%
March	$953,825,795	$61,968,444	6.5%
April	$841,741,787	$70,589,696	8.4%
May	$765,815,235	$66,437,866	8.7%
June	$628,338,170	$40,860,123	6.5%
July	$518,645,316	$46,080,136	8.9%
August	$548,006,241	$47,797,430	8.7%
September	$826,688,835	$78,416,646	9.5%
October	$1,040,078,980	$102,088,548	9.8%
November	$1,029,647,400	$96,969,201	9.4%
December	$1,029,407,124	$82,343,338	8.0%

Indiana Sports Betting Revenue

Are we about to see a major boost in Indiana sports betting? The Indiana Pacers’ dramatic improvement and the arrival of Caitlin Clark as the WNBA’s Next Big Thing could provide a nice jolt in the arm to one of the country’s biggest basketball hotbeds. Operators in Indiana pay a reasonable 9.5% tax on both retail and online revenue.

Indiana Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,390,006,149	$129,007,240	9.3%
2023	$4,337,817,807	$404,060,030	9.3%
2022	$4,470,774,958	$386,785,294	8.7%

Indiana 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$480,573,357	$53,506,697	11.1%
February	$408,675,533	$37,601,071	9.2%
March	$500,757,257	$37,899,471	7.6%

Indiana 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$427,154,794	$35,347,154	8.3%
February	$356,187,759	$28,076,424	7.9%
March	$433,022,775	$43,746,469	10.1%
April	$321,404,737	$29,349,149	9.1%
May	$283,495,510	$33,542,239	11.8%
June	$224,070,051	$19,036,099	8.5%
July	$203,788,074	$23,420,740	11.5%
August	$238,079,854	$23,329,751	9.8%
September	$404,141,002	$40,624,361	10.1%
October	$429,673,062	$46,135,347	10.7%
November	$513,672,424	$26,848,975	5.2%
December	$503,127,765	$54,603,323	10.9%

Indiana 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$500,138,649	$29,278,178	5.9%
February	$409,109,103	$22,396,133	5.5%
March	$479,695,527	$32,685,435	6.8%
April	$360,023,258	$27,634,094	7.7%
May	$308,385,684	$31,951,465	10.4%
June	$256,307,260	$15,653,583	6.1%
July	$206,627,686	$20,510,069	9.9%
August	$237,990,177	$25,978,250	10.9%
September	$382,507,090	$50,551,749	13.2%
October	$446,248,394	$46,393,925	10.4%
November	$452,318,954	$40,197,276	8.9%
December	$431,423,176	$43,555,139	10.1%

Iowa Sports Betting Revenue

Iowa sports betting is looking vibrant, though it hasn’t quite bounced back to 2022 levels (at least based on early 2024 results). The state’s 17 (!) betting sites are at least beyond the days of 4% handle, and are fortunate that they’re only subject to a 6.75% tax rate on revenue.

Iowa Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$752,418,741	$53,868,554	7.2%
2023	$2,420,464,386	$198,797,419	8.2%
2022	$2,348,065,963	$165,551,990	7.1%

Iowa 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$259,468,795	$22,064,697	8.5%
February	$220,583,731	$13,608,942	6.2%
March	$272,366,214	$18,194,914	6.7%

Iowa 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$233,619,612	$16,543,361	7.1%
February	$193,879,638	$11,871,156	6.1%
March	$232,614,150	$19,857,210	8.5%
April	$172,589,394	$14,127,483	8.2%
May	$147,715,126	$16,599,871	11.2%
June	$115,595,593	$7,131,173	6.2%
July	$109,680,895	$10,568,989	9.6%
August	$141,295,039	$13,507,280	9.6%
September	$245,759,020	$24,059,083	9.8%
October	$255,293,522	$24,189,825	9.5%
November	$289,698,466	$14,090,776	4.9%
December	$282,723,930	$26,251,213	9.3%

Iowa 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$303,327,688	$14,269,557	4.7%
February	$215,921,313	$8,579,100	4.0%
March	$233,525,474	$14,411,046	6.2%
Apr	$177,370,317	$12,398,243	7.0%
May	$147,913,284	$12,630,387	8.5%
June	$122,437,950	$6,568,678	5.4%
Julu	$108,556,796	$11,173,191	10.3%
August	$122,568,313	$14,418,923	11.8%
September	$200,230,741	$25,417,557	12.7%
October	$238,788,234	$19,137,523	8.0%
November	$247,476,284	$5,802,261	2.3%
December	$229,949,570	$20,745,524	9.0%

Kansas Sports Betting Revenue

After enjoying initial success following its September 2022 launch, analysts and observers wondered how Kansas sports betting would fare over a full year – and they were no doubt impressed. Kansas hit the $250 million mark in handle in back-to-back months late in the year, though operators would have preferred to see a larger share of the pie.

Kansas Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$695,567,001	$46,089,199	6.6%
2023	$2,121,564,412	$182,415,461	8.6%
2022	$718,777,570	$76,505,901	10.6%

Kansas 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$239,618,587	$20,864,472	8.7%
February	$203,046,644	$8,463,732	4.2%
March	$252,901,770	$16,760,995	6.6%

Kansas 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$206,060,734	$15,105,189	7.3%
February	$194,034,469	(-$845,377)	(-0.4)%
March	$206,287,094	$20,975,191	10.2%
April	$132,981,289	$9,197,202	6.9%
May	$120,323,444	$14,550,824	12.1%
June	$98,125,865	$8,195,048	8.4%
July	$79,715,016	$9,644,263	12.1%
August	$94,415,479	$7,662,828	8.1%
September	$219,293,493	$18,155,498	8.3%
October	$249,711,810	$25,404,712	10.2%
November	$260,937,284	$18,017,353	6.9%
December	$259,678,435	$30,913,033	11.9%

Kansas 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
September	$160,527,371	$22,014,698	13.7%
October	$189,919,311	$18,582,842	9.8%
November	$186,353,708	$19,073,128	10.2%
December	$181,977,180	$16,835,233	9.3%

Kentucky Sports Betting Revenue

Kentucky sports betting is still in its infancy, but you wouldn’t know it from the numbers we’re seeing come out of The Bluegrass State. Kentucky needed just 4+ months to break the billion-dollar barrier in overall betting handle, and sportsbooks earned a whopping $61.3 million in gross revenue in the first two months of 2024 thanks to a 13.2% hold rate.

Kentucky Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$465,483,835	$61,317,200	13.2%
2023	$886,130,170	$110,199,075	12.4%

Kentucky 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$257,108,231	$39,250,213	15.3%
February	$208,375,604	$22,066,987	10.6%

Kentucky 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
September	$45,862,901	$2,560,455	5.6%
October	$294,950,219	$54,037,982	18.3%
November	$281,455,256	$21,580,783	7.7%
December	$263,861,793	$32,019,855	12.1%

Louisiana Sports Betting Revenue

The health of Louisiana sports betting is beyond contestation – and the state’s sportsbooks are reaping major benefits. Operators captured a 12.6% hold in 2023 and are pacing to equal that rate so far in 2024; retail establishments are taxed at a 10% rate, while online sportsbooks pay a 15% tax on revenue.

Louisiana Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$971,103,419	$121,499,199	12.5%
2023	$2,905,136,865	$366,965,819	12.6%
2022	$2,299,760,918	$214,334,604	9.3%

Louisiana 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$346,320,907	$52,696,465	15.2%
February	$274,775,955	$31,152,229	11.3%
March	$350,006,557	$37,682,135	10.8%

Louisiana 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$282,269,901	$35,729,570	12.7%
February	$197,709,561	$23,295,088	11.8%
March	$249,279,453	$32,318,327	13.0%
April	$209,746,932	$23,414,940	11.2%
May	$195,123,855	$29,860,212	15.3%
June	$160,083,233	$13,621,060	8.5%
July	$134,757,491	$18,282,477	13.6%
August	$153,933,704	$18,137,683	11.8%
September	$280,093,549	$43,143,474	15.4%
October	$308,613,008	$43,338,752	14.0%
November	$356,479,622	$29,304,005	8.2%
December	$377,046,556	$56,520,231	15.0%

Louisiana 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$89,732,385	$7,982,840	8.9%
February	$238,413,596	$27,316,419	11.5%
March	$232,730,341	$30,943,063	13.3%
April	$208,255,060	$6,140,843	2.9%
May	$171,135,819	$25,691,302	15.0%
June	$132,438,015	$10,891,261	8.2%
July	$118,329,243	$20,729,894	17.5%
August	$128,251,857	$9,713,993	7.6%
September	$201,553,881	$32,263,110	16.0%
October	$255,528,321	$30,694,282	12.0%
November	$268,638,967	(-$25,323,194)	(-9.4)%
December	$254,753,433	$37,290,791	14.6%

Maine Sports Betting Revenue

Welcome to the game, Maine! The goal of introducing legal Maine sports betting was finally achieved in November 2023, and the early results have been promising – though March 2024 was a real mixed bag for operators who saw record monthly handle but also claimed the lowest hold percentage in the history of legal Maine sports wagering.

Maine Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$119,028,546	$12,324,582	10.4%
2023	$82,091,923	$9,210,175	11.4%

Maine 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$38,133,928	$5,553,603	14.6%
February	$33,725,875	$4,336,678	12.9%
March	$47,407,405	$2,672,964	5.6%

Maine 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
November	$37,605,088	$4,723,855	12.6%
December	$44,486,835	$4,486,320	10.1%

Maryland Sports Betting Revenue

Proximity to other heavy-hitting legal states hasn’t hurt Maryland sports betting one bit. The Mid-Atlantic gem generated more than $4.6 billion in handle in 2023, and is pacing to cruise past that number in 2024. A dozen operators toil in Maryland; they pay 15% tax on revenue.

Maryland Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,524,259,454	$168,550,212	11.1%
2023	$4,617,323,132	$514,081,189.02	11.2%
2022	$979,584,834	$149,342,084.06	15.2%

Maryland 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$544,971,369	$80,000,651	14.7%
February	$442,557,658	$43,445,464	9.8%
March	$536,730,427	$45,104,096	8.4%

Maryland 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$441,481,779	$59,601,405	13.5%
February	$339,421,546	$40,214,644	11.8%
March	$385,967,195	$47,548,313	12.3%
April	$328,454,397	$35,644,586	10.8%
May	$320,199,671	$42,742,216	13.3%
June	$254,476,790	$27,077,118	10.6%
July	$247,412,348	$28,114,521	11.4%
August	$263,729,559	$24,900,637	9.4%
September	$442,450,666	$45,575,923	10.3%
October	$483,147,391	$58,701,910	12.1%
November	$550,716,329	$41,628,982	7.6%
December	$559,865,463	$62,330,932	11.1%

Maryland 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$32,530,831	$4,375,316	13.4%
February	$25,526,148	$955,377	3.7%
March	$31,025,892	$3,846,791	12.4%
April	$26,908,845	$2,838,501	10.5%
May	$23,095,542	$3,019,311	13.1%
June	$19,121,331	$1,309,834	6.9%
July	$15,492,757	$2,026,548	13.1%
August	$18,650,802	$3,231,851	17.3%
September	$31,376,072	$6,639,776	21.2%
October	$39,663,586	$5,309,436	13.4%
November	$219,071,374	$30,620,539	14.0%
December	$497,121,656	$85,168,804	17.1%

Massachusetts Sports Betting Revenue

A healthy start to the new year has moved Massachusetts sports betting past the $6 billion mark in total handle all-time (as of February 2024). And a 9.4% hold rate through the first three months of 2024 is a welcome development for the sportsbooks; just a year earlier, Massachusetts opened its legal sports betting era with a negative hold for January 2023.

Massachusetts Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,847,859,802	$174,419,020	9.4%
2023	$4,965,975,601	$483,059,490	9.7%

Massachusetts 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$651,747,269	$72,718,240	11.2%
February	$542,480,675	$53,860,585	9.9%
March	$658,740,415	$47,840,193	7.3%

Massachusetts 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$488,747	(-$8,227)	(-1.7)%
February	$24,435,509	$1,486,743	6.1%
March	$568,091,233	$48,289,185	8.5%
April	$579,262,823	$60,281,564	10.4%
May	$454,965,416	$62,073,252	13.6%
June	$331,890,624	$33,000,352	9.9%
July	$294,924,777	$30,132,777	10.2%
August	$314,923,842	$23,485,442	7.5%
September	$512,499,062	$51,045,187	10.0%
October	$571,360,625	$60,560,834	10.6%
November	$654,435,572	$50,550,463	7.7%
December	$658,697,371	$62,161,918	9.4%

Michigan Sports Betting Revenue

Michigan continues to be one of the most consistent states in the country when it comes to handle, gross revenue and tax proceedings. It ranks 10th among all legal states in total handle, having generated nearly $15 billion since introducing sports wagering. The state’s 13 betting sites each pay an 8.4% tax rate on revenue.

Michigan Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,017,401,899	$78,533,716.	7.6%
2023	$4,810,903,876	$434,348,364	9%
2022	$4,814,088,970	$102,861,549	8.7%

Michigan 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$601,585,141	$48,177,009	8.0%
February	$415,816,758	$30,356,706	7.3%

Michigan 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$490,904,822	$33,747,274	6.9%
February	$357,161,200	$23,117,568	6.5%
March	$421,666,037	$45,996,708	10.9%
April	$338,127,853	$36,410,054	10.8%
May	$305,275,755	$36,098,430	11.8%
June	$235,996,767	$17,911,450	7.6%
July	$208,808,123	$22,977,241	11.0%
August	$228,495,763	$23,475,314	10.3%
September	$475,772,391	$45,561,287	9.6%
October	$551,127,024	$46,127,685	8.4%
November	$584,142,443	$37,016,055	6.3%
December	$613,425,699	$65,909,298	10.7%

Michigan 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$532,681,710	$36,608,569	6.9%
February	$423,768,381	$21,630,857	5.1%
March	$477,967,947	$32,404,415	6.8%
April	$396,009,819	$32,608,465	8.2%
May	$356,130,390	$35,913,103	10.1%
June	$292,389,429	$15,813,098	5.4%
July	$224,966,256	$22,874,718	10.2%
August	$229,797,476	$24,655,179	10.7%
September	$383,102,602	$50,409,621	13.2%
October	$504,336,507	$51,324,376	10.2%
November	$498,118,043	$42,709,152	8.6%
December	$494,820,409	$50,437,156	10.2%

Mississippi Sports Betting Revenue

Mississippi sports betting was one of the few legal operations to actually take a step back in 2023, seeing a 12.2% drop in handle and an 18.7% dip in gross revenue. And with the first three months of 2024 all down from the same time the previous year, a bounce-back could be a difficult proposition in Mississippi.

Mississippi Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$133,134,201	$10,777,379	8.1%
2023	$474,275,129	$51,224,141	11.2%
2022	$531,951,766	$60,816,324	11.4%

Mississippi 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$57,223,251	$5,117,380	8.9%
February	$31,374,401	$2,297,096	7.3%
March	$44,536,548	$3,362,903	7.6%

Mississippi 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$57,223,251	$5,117,380	8.9%
February	$39,807,504	$3,143,541	7.9%
March	$46,689,392	$4,953,171	10.6%
April	$31,805,004	$4,347,138	13.7%
May	$26,761,691	$3,180,953	11.9%
June	$20,414,902	$1,848,676	9.1%
July	$17,728,739	$2,463,671	13.9%
August	$21,392,231	$2,691,244	12.6%
September	$51,647,915	$8,144,028	15.8%
October	$49,503,679	$7,344,506	14.8%
November	$62,412,735	$3,103,061	5.0%
December	$48,888,089	$4,886,771	10.0%

Mississippi 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$66,523,295	$6,521,389	9.8%
February	$40,871,618	$1,887,995	4.6%
March	$47,889,213	$4,042,432	8.4%
April	$35,503,585	$4,209,290	11.9%
May	$29,233,786	$4,006,359	13.7%
June	$25,096,238	$2,082,091	8.3%
July	$18,296,341	$2,527,212	13.8%
August	$21,234,898	$2,687,465	12.7%
September	$43,139,311	$8,779,943	20.4%
October	$56,199,189	$7,687,183	13.7%
November	$73,605,361	$5,087,585	6.9%
December	$74,358,933	$11,297,381	15.2%

Montana Sports Betting Revenue

No one will ever confuse the Montana sports betting landscape with the country’s heavy hitters – but The Treasure State has seen steady tax contributions through its legal sports wagering operation. Montana produced hold rates in excess of 13.5% in each of its first two years, with operators taxed at 8.5% on gross revenue.

Montana Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$17,154,032	$1,605,897	9.4%
2023	$62,258,820	$8,446,611	13.6%
2022	$50.918,515	$7,173,449	13.9%

Montana 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$5,863,499	$852,106	14.5%
February	$4,702,532	$253,229	5.4%
March	$6,588,001	$500,562	7.6%

Montana 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$7,139,581	$979,495	13.7%
February	$4,366,807	$560,668	12.8%
March	$5,784,045	$925,542	16.0%
April	$5,201,964	$633,005	12.2%
May	$4,457,829	$666,686	15.0%
June	$3,353,974	$282,263	8.4%
July	$2,587,209	$560,046	21.6%
August	$3,221,337	$337,442	10.5%
September	$6,204,965	$676,451	10.9%
October	$6,787,517	$1,102,195	16.2%
November	$6,996,429	$717,423	10.2%
December	$6,157,163	$1,005,395	16.3%

Montana 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$5,117,844	$669,464	13.1%
February	$3,631,705	$705,841	19.4%
March	$3,981,218	$671,606	16.9%
April	$3,243,425	$389,693	12.0%
May	$3,236,702	$382,130	11.8%
June	$2,911,455	$274,694	9.4%
July	$2,560,000	$274,000	10.7%
August	$2,975,100	$440,591	14.8%
September	$4,940,321	$975,542	19.7%
October	$5,319,627	$681,222	12.8%
November	$5,782,523	$777,488	13.4%
December	$7,218,595	$931,178	12.9%

Nevada Sports Betting Revenue

U.S. sports wagering’s O.G. might not be the only game in town anymore, but Nevada sports betting is still the gold standard. You won’t find more market selection or competitive odds than with Nevada sportsbooks, and the low hold percentage is further indication that Nevada-based sportsbooks are just better for the players.

Nevada Yearly Revenue Data

Year	Handle	Gross revenue	Hold %
2024	$2,279,981,530	$142,411,000	6.2%
2023	$8,261,020,999	$481,863,000	5.8%
2022	$8,708,466,264	$446,698,000	5.1%

Nevada 2024 Monthly Revenue Data

Month	Handle	Gross revenue	Hold %
January	$782,817,412	$64,739,000	8.3%
February	$711,887,072	$47,910,000	6.7%
March	$785,277,044	$29,762,000	3.8%

Nevada 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
Jan	$935,788,497	$50,439,000	5.4%
Feb	$659,361,022	$41,276,000	6.3%
Mar	$830,511,364	$43,851,000	5.3%
Apr	$598,018,291	$30,533,000	5.3%
May	$527,438,596	$32,415,000	5.7%
June	$479,949,495	$9,503,000	2.0%
July	$407,996,769	$25,255,000	6.2%
Aug	$431,000,000	$18,102,000	4.2%
Sept	$811,158,854	$62,297,000	7.7%
Oct	$815,676,647	$68,109,000	8.4%
Nov	$921,168,539	$40,992,000	4.5%
Dec	$842,952,924	$59,091,000	7.0%

Nevada 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
Jan	$1,111,044,444	$49,997,000	4.5%
Feb	$780,833,333	$30,921,000	4.0%
Mar	$862,757,009	$36,926,000	4.3%
Apr	$583,149,425	$25,367,000	4.4%
May	$561,309,771	$26,999,000	4.8%
Jun	$490,411,523	$23,834,000	4.9%
Jul	$419,147,287	$16,221,000	3.9%
Aug	$408,854,962	$16,068,000	3.9%
Sep	$761,099,138	$70,630,000	9.3%
Oct	$921,539,708	$56,859,000	6.2%
Nov	$927,857,143	$37,671,000	4.1%
Dec	$880,462,520	$55,205,000	6.3%

New Hampshire Sports Betting Revenue

Things are looking up for operators in the New Hampshire sports betting circle. After settling for a hum-drum 7.5% hold rate in 2022, that number shot up to 9.7% in 2023 and is trending comfortably toward double digits so far this year. And that’s a critical result for sports betting sites who face a staggering 51% tax rate on revenue in NH.

New Hampshire Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$208,173,349	$21,990,997	10.6%
2023	$822,107,405	$80,041,744	9.7%
2022	$891,727,581	$66,714,382	7.5%

New Hampshire 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$73,301,559	$9,820,633	13.4%
February	$62,274,731	$6,585,297	10.6%
March	$72,597,059	$5,585,067	7.7%

New Hampshire 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$97,163,182	$12,317,536	12.7%
February	$86,999,460	$7,112,917	8.2%
March	$103,390,747	$4,828,031	4.7%
April	$65,083,883	$6,670,481	10.2%
May	$52,137,614	$7,042,470	13.5%
June	$39,707,739	$4,372,429	11.0%
July	$36,929,342	$3,511,867	9.5%
August	$38,765,940	$3,344,212	8.6%
September	$66,848,811	$6,178,362	9.2%
October	$77,838,541	$8,781,951	11.3%
November	$78,491,464	$8,228,924	10.5%
December	$78,750,682	$7,652,564	9.7%

New Hampshire 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$99,540,825	$8,029,427	8.1%
February	$70,866,282	$1,019,097	1.4%
March	$78,811,441	$5,283,248	6.7%
April	$73,149,079	$3,436,446	4.7%
May	$76,199,157	$5,720,931	7.5%
June	$53,567,757	$4,819,197	9.0%
July	$42,653,152	$4,476,145	10.5%
August	$43,372,007	$4,199,240	9.7%
September	$78,237,751	$7,358,206	9.4%
October	$91,345,018	$9,078,684	9.9%
November	$93,090,530	$4,963,600	5.3%
December	$90,894,582	$8,330,161	9.2%

New Jersey Sports Betting Revenue

It should come as no surprise to see the state that spearheaded the quest to have PASPA repealed is also one of the most prolific when it comes to sports betting handle and revenue. New Jersey sports betting produced nearly $12 billion in action in 2023, up from just under $11 billion the year before. Operators pay 14.25% in tax, though lawmakers want to increase that to 30% as part of the 2024-25 state budget.

New Jersey Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$4,129,352,751	$328,010,691	7.9%
2023	$11,972,240,548	$1,006,587,566	8.4%
2022	$10,944,165,739	$762,954,905	7.0%

New Jersey 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,719,170,088	$170,758,334	9.9%
February	$1,081,171,835	$67,564,386	6.2%
March	$1,329,010,828	$89,687,971	6.7%

New Jersey 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,082,233,033	$72,330,439	6.7%
February	$847,405,611	$54,621,220	6.4%
March	$1,025,779,225	$93,039,999	9.1%
April	$833,900,000	$72,300,000	8.7%
May	$778,854,263	$82,165,404	10.5%
June	$591,081,897	$66,356,838	11.2%
July	$587,019,749	$61,013,433	10.4%
August	$725,849,450	$96,041,019	13.2%
September	$1,299,016,274	$111,145,385	8.6%
October	$1,293,468,722	$92,258,295	7.1%
November	$1,623,072,184	$95,889,050	5.9%
December	$1,284,560,140	$109,426,484	8.5%

New Jersey 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,348,860,083	$60,195,902	4.5%
February	$985,568,313	$30,873,369	3.1%
March	$1,120,904,954	$66,404,370	5.9%
April	$926,946,780	$50,345,808	5.4%
May	$765,984,114	$61,594,016	8.0%
June	$633,184,861	$39,245,213	6.2%
July	$531,888,333	$45,007,343	8.5%
August	$546,774,394	$65,272,385	11.9%
September	$866,719,412	$97,981,122	11.3%
October	$1,060,154,535	$77,907,041	7.3%
November	$1,101,622,966	$80,426,931	7.3%
December	$1,055,556,994	$87,701,405	8.3%

New York Sports Betting Revenue

New York sports betting has been all about big numbers since its much-ballyhooed launch back in January 2022. Between the more than $39 billion generated through the first 26 months of operation, the $3.35 billion in total gross revenue generated by operators and the whopping 50% tax rate to which they’re subjected, no state has a bigger industry impact.

New York Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$5,599,214,408	$495,576,264	8.9%
2023	$19,196,867,481	$1,696,664,242	8.8%
2022	$16,288,073,161	$1,367,052,768	8.4%

New York 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,965,468,151	$211,706,706	10.8%
February	$1,779,072,192	$131,331,307	7.4%
March	$1,854,674,065	$152,553,937	8.2%

New York 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,799,048,366	$149,886,749	8.3%
February	$1,474,299,933	$108,281,940	7.3%
March	$1,792,885,346	$163,582,117	9.1%
April	$1,550,014,914	$138,820,564	8.5%
May	$1,363,794,316	$152,643,135	11.2%
June	$1,170,989,676	$103,956,641	8.9%
July	$966,555,215	$105,510,884	10.9%
August	$1,118,163,959	$99,241,793	8.9%
September	$1,767,913,850	$166,834,225	9.4%
October	$2,017,133,483	$167,327,704	8.3%
November	$2,122,331,713	$151,291,344	7.1%
December	$2,053,736,710	$189,287,146	9.2%

New York 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,686,263,898	$123,810,126	7.3%
February	$1,534,078,893	$82,149,599	5.4%
March	$1,644,789,692	$114,956,204	7.0%
April	$1,396,791,941	$104,535,898	7.5%
May	$1,269,862,570	$110,418,075	8.7%
June	$1,056,694,012	$72,441,500	6.9%
July	$804,966,381	$73,880,416	9.2%
August	$877,407,454	$100,760,793	11.5%
September	$1,265,553,630	$145,039,867	11.5%
October	$1,555,051,007	$146,845,938	9.4%
November	$1,564,144,673	$149,244,901	9.5%
December	$1,632,469,010	$142,969,451	8.8%

North Carolina Sports Betting Revenue

North Carolina sports betting launched March 11, 2024, and the early returns are quite encouraging. The state brought in more than $650 million in handle in just three weeks of operation, and sportsbooks were no doubt delighted to see a double-digit hold in Month 1.

North Carolina Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$659,308,541	$66,496,213	10.1%

North Carolina 2024 Monthly Revenue Data

Year	Handle	Gross Revenue	Hold
March	$659,308,541	$66,496,213	10.1%

Ohio Sports Betting Revenue

Ohio sports betting landed with a sonic boom, exceeding $1.1 billion in handle and $200 million in gross revenue in its opening month (January 2023). Yet strangely, the state has yet to repeat those lofty totals despite seeing consistently strong numbers throughout its first 14 months of operation. Ohio sportsbooks pay an eye-opening 33% tax rate.

Ohio Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$2,275,626,668	$243,546,008	10.7%
2023	$7,670,544,772	$936,365,302	12.2%

Ohio 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$806,149,042	$113,367,294	14.1%
February	$666,845,168	$66,374,384	10.0%
March	$802,632,458	$63,804,330	7.9%

Ohio 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$1,114,101,739	$209,037,382	18.8%
February	$639,795,553	$82,879,568	13.0%
March	$738,613,175	$95,313,123	12.9%
April	$521,703,584	$63,819,857	12.2%
May	$447,477,360	$57,828,887	13.0%
June	$363,066,723	$32,559,655	9.0%
July	$331,083,998	$37,094,807	11.2%
August	$378,788,183	$40,722,424	10.8%
September	$691,660,975	$81,637,995	11.8%
October	$747,662,730	$80,384,455	10.8%
November	$865,465,266	$67,853,190	7.8%
December	$831,125,486	$87,233,959	10.5%

Oregon Sports Betting Revenue

The 2023 NFL season proved to be a difference maker for Oregon sports betting, which saw its five strongest-ever months in overall handle from October 2023 to February 2024. That’s great news for DraftKings Sportsbook, which exclusively powers mobile operations in Oregon. DK pays a scant 2.3% tax rate on revenue in The Beaver State.

Oregon Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$207,190,818	$24,984,045	12.1%
2023	$635,565,166	$75,663,580	11.2%
2022	$497,985,326	$49,519,545	9.9%

Oregon 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$69,889,711	$9,898,882	14.2%
February	$67,902,926	$7,786,240	11.5%
March	$69,398,182	$7,298,922	10.5%

Oregon 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$62,328,293	$7,546,966	12.1%
February	$48,425,409	$4,261,284	8.8%
March	$50,456,710	$6,088,343	12.1%
April	$55,167,184	$7,051,980	12.8%
May	$52,122,283	$6,462,472	12.4%
June	$43,861,20	$4,336,368	9.9%
July	$40,428,203	$4,150,625	10.3%
August	$44,542,070	$3,507,634	7.9%
September	$61,354,332	$6,720,396	11.0%
October	$71,903,468	$8,545,270	11.9%
November	$71,231,497	$7,292,147	10.2%
December	$73,219,597	$9,700,095	13.2%

Oregon 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$42,899,735	$2,389,280	5.6%
February	$39,458,431	$3,335,165	8.5%
March	$36,208,011	$3,620,610	10.0%
April	$42,936,415	$3,824,165	8.9%
May	$41,708,884	$5,034,036	12.1%
June	$33,966,896	$2,548,192	7.5%
July	$28,453,075	$2,700,447	9.5%
August	$28,196,193	$2,707,041	9.6%
September	$39,292,037	$5,465,182	13.9%
October	$55,555,464	$5,783,452	10.4%
November	$55,503,996	$6,418,578	11.6%
December	$53,806,189	$5,693,397	10.6%

Pennsylvania Sports Betting Revenue

The Keystone State is the fifth-highest revenue producer all-time since the repeal of PASPA, with Pennsylvania sports betting producing more than $2.3 billion on a whopping $28.1 billion in handle. It certainly helps that the state has one of the most competitive markets in the country, with 12 betting sites in operation despite a sky-high 36% tax rate.

Pennsylvania Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$2,320,611,647	$211,822,680	9.1%
2023	$7,682,694,849	$686,856,678	8.9%
2022	$7,251,428,759	$597,364,960	8.2%

Pennsylvania 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$858,152,502	$97,681,399	11.4%
February	$661,740,812	$50,425,678	7.6%
March	$800,718,331	$63,715,603	8.0%

Pennsylvania 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$772,289,648	$57,982,069	7.5%
February	$599,529,429	$62,214,502	10.4%
March	$723,545,806	$66,465,774	9.2%
April	$572,152,803	$51,786,464	6.5%
May	$495,585,360	$57,533,744	11.6%
June	$373,171,415	$33,866,725	9.1%
July	$338,450,263	$39,406,353	11.6%
August	$393,007,298	$30,614,565	7.8%
September	$726,259,712	$66,109,574	9.1%
October	$829,002,595	$73,631,197	8.9%
November	$934,130,152	$49,147,979	5.3%
December	$925,570,368	$98,097,732	10.6%

Pennsylvania 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$793,722,787	$53,403,655	6.7%
February	$597,064,049	$22,160,553	3.7%
March	$714,976,578	$48,512,264	6.8%
April	$572,817,741	$49,083,331	8.6%
May	$493,350,519	$47,828,553	9.7%
June	$393,494,222	$22,889,554	5.8%
July	$336,507,932	$33,226,517	9.9%
August	$363,046,972	$42,185,145	11.6%
September	$645,242,681	$75,319,093	11.7%
October	$797,124,732	$61,519,576	7.7%
November	$789,230,672	$69,997,949	8.9%
December	$754,849,873	$71,238,770	9.4%

Rhode Island Sports Betting Revenue

As you might expect from a state with a population of just over 1.1 million people, Rhode Island sports betting has provided a modest boost to the state’s tax coffers. It is notable, though, that while the majority of legal betting jurisdictions saw year-over-year increases in 2023, Rhode Island actually had a 15.4% drop in handle and a 22.4% dip in revenue.

Rhode Island Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$128,462,658	$10,991,340	8.6%
2023	$461,553,426	$40,277,816	8.7%
2022	$532,609,814	$49,298,062	9.3%

Rhode Island 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$44,808,686	$4,999,921	11.2%
February	$38,758,578	$2,888,343	7.5%
March	$44,895,394	$3,103,076	6.9%

Rhode Island 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$62,317,384	$5,164,799	8.3%
February	$43,065,996	$3,612,113	8.4%
March	$41,546,643	$3,968,567	9.6%
April	$37,496,094	$3,009,679	8.0%
May	$30,754,497	$3,898,405	12.7%
June	$23,723,659	$1,783,530	7.5%
July	$20,238,844	$1,896,983	9.4%
August	$22,742,561	$1,365,807	6.0%
September	$37,645,368	$3,472,089	9.2%
October	$45,840,376	$4,545,634	9.9%
November	$48,277,794	$3,413,200	7.1%
December	$47,904,210	$4,147,010	8.7%

Rhode Island 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$58,614,487	$5,228,277	8.9%
February	$42,143,261	$3,566,393	8.5%
March	$45,766,958	$3,738,223	8.2%
April	$40,186,632	$2,632,134	6.5%
May	$41,103,489	$2,336,733	5.7%
June	$34,229,823	$2,352,896	6.9%
July	$25,208,531	$2,872,076	11.4%
August	$27,744,694	$3,000,421	10.8%
September	$41,670,257	$6,361,823	15.3%
October	$55,527,937	$6,156,914	11.1%
November	$61,208,319	$4,862,856	7.9%
December	$59,205,426	$6,189,316	10.5%

South Dakota Sports Betting Revenue

South Dakota sports betting numbers might not be the largest in the U.S., but they might be the most fascinating. South Dakota has had some of the craziest variance in monthly hold since legalizing sports betting: Since 2022 alone, operators have seen hold rates ranging from 29.7% in September 2022 down to -5.5% in February 2024.

South Dakota Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,564,831	$56,349	2.7%
2023	$9,088,690	$1,009,930	11.1%
2022	$7,192,828	$871,511	12.1%

South Dakota 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$868,815	$94,755	10.9%
February	$696,016	(-$38,405)	(-5.5)%
March	$1,242,270	$91,215	7.3%

South Dakota 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$910,312	$123,365	13.6%
February	$771,137	$82,853	10.7%
March	$923,904	$161,368	17.5%
April	$493,045	$22,503	4.6%
May	$528,562	$22,536	4.3%
June	$417,025	(-$9,254)	(-2.2)%
July	$413,368	$20,087	4.9%
August	$518,052	$37,453	7.2%
September	$979,694	$170,129	17.4%
October	$1,021,660	$174,906	17.1%
November	$967,994	$49,887	5.2%
December	$1,143,938	$154,098	13.5%

South Dakota 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$835,252	$82,291	9.9%
February	$685,631	$71,807	10.5%
March	$975,347	$32,389	3.3%
April	$368,517	(-$13,735)	(-3.7)%
May	$307,995	$25,102	8.2%
June	$301,217	$27,869	9.3%
July	$259,180	$16,143	6.2%
August	$266,673	$59,053	22.1%
September	$711,577	$211,612	29.7%
October	$862,170	$131,749	15.3%
November	$861,660	$75,856	8.8%
December	$757,610	$151,374	20.0%

Tennessee Sports Betting Revenue

Tennessans have come out in droves to wager on their beloved sports teams. Tennessee sports betting ranks just outside the top-10 all-time in handle ($12.5 billion) and revenue ($1.23 billion), generating more than $220 million in taxes in the process. The mobile-only state hosts a dozen operators, each of whom pay a 20% tax on gross gaming revenue.

(NOTE: Tennessee began requiring its operators to retain 10% hold as of July 2023)

Tennessee Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,319,796,387	$131,979,639	10.0%
2023	$4,292,352,235	$451,028,296	10.5%
2022	$3,850,547,906	$378,409,891	9.8%

Tennessee 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$467,403,058	$46,740,306	10.0%
February	$380,390,401	$38,039,040	10.0%
March	$473,595,403	$47,359,540	10.0%

Tennessee 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$410,773,606	$41,392,586	10.1%
February	$327,326,201	$33,943,931	10.4%
March	$392,667,304	$45,506,700	11.6%
April	$318,416,216	$34,257,592	10.8%
May	$279,794,996	$37,097,192	13.3%
June	$230,337,515	$25,526,655	11.1%
July	$214,114,055	$21,411,406	10.0%
August	$243,456,822	$24,345,682	10.0%
September	$418,063,447	$41,806,345	10.0%
October	$445,192,913	$44,519,291	10.0%
November	$517,141,377	$51,714,138	10.0%
December	$495,067,783	$49,506,778	10.0%

Tennessee 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$386,059,756	$36,249,453	9.4%
February	$313,298,305	$20,945,018	6.7%
March	$370,230,004	$26,520,468	7.2%
April	$292,796,670	$26,142,800	8.9%
May	$261,582,468	$27,315,928	10.4%
June	$215,774,186	$15,855,649	7.3%
July	$182,769,323	$18,174,226	9.9%
August	$205,863,860	$27,200,883	13.2%
September	$336,933,437	$46,285,200	13.7%
October	$405,337,575	$37,295,159	9.2%
November	$439,456,908	$47,248,222	10.8%
December	$440,445,414	$49,176,885	11.2%

Vermont Sports Betting Revenue

Vermont sports betting is one of the newest operations in the U.S., having just launched at the start of 2024. And the early returns have been good for the books, with a 13.5% hold percentage through the first three months. DraftKings, FanDuel and Fanatics Sportsbook are the first sportsbooks to launch in Vermont; they each pay a 20% tax rate.

Vermont Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$61,099,422	$8,273,017	13.5%

Vermont 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$19,913,914	$4,211,197	21.1%
February	$21,249,828	$2,547,167	12.0%
March	$19,935,678	$1,514,552	7.6%

Virginia Sports Betting Revenue

The Old Dominion State is thriving like few others in the wagering space. Virginia sports betting has welcomed a whopping 16 operators into the fold, with more likely on the way. And there’s plenty of room for everyone, at least based on the numbers: Virginia has generated the ninth-most betting handle ($15.53 billion) all-time since launching in 2021.

Virginia Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$1,828,611,176	$171,747,672	9.4%
2023	$5,590,022,862	$560,201,501	10%
2022	$4,914,954,449	$481,245,370	9.8%

Virginia 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$652,879,750	$74,337,290	11.4%
February	$545,068,429	$50,040,797	9.2%
March	$635,593,137	$47,694,659	7.5%

Virginia 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$513,154,592	$49,721,327	9.7%
February	$433,807,108	$39,766,908	9.2%
March	$511,614,541	$55,258,910	10.8%
April	$425,982,859	$45,121,878	10.6%
May	$403,719,160	$48,144,550	11.9%
June	$325,455,052	$32,668,024	10.0%
July	$293,611,789	$32,471,396	11.1%
August	$319,005,942	$32,359,888	10.1%
September	$520,304,187	$54,081,414	10.4%
October	$571,354,817	$63,996,952	11.2%
November	$638,831,057	$43,003,244	6.7%
December	$633,181,758	$63,607,010	10.0%

Virginia 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$485,544,417	$39,050,067	8.0%
February	$401,889,135	$27,508,998	6.8%
March	$469,484,017	$33,700,016	7.2%
April	$399,478,366	$36,275,264	9.1%
May	$351,452,931	$42,537,524	12.1%
June	$295,235,271	$25,965,182	8.8%
July	$266,001,583	$26,024,408	9.8%
August	$284,671,331	$36,978,897	13.0%
September	$411,273,323	$53,822,282	13.1%
October	$528,029,938	$51,164,199	9.7%
November	$518,818,987	$57,531,255	11.1%
December	$503,075,150	$50,687,278	10.1%

West Virginia Sports Betting Revenue

The West Virginia sports betting picture isn’t as rosy as operators in The Mountain State would like it to be. The state saw a drop of nearly $90 million in handle from 2022 to 2023, resulting in a $3.1 million reduction in gross revenue. And early 2024 trends suggest that the state’s nine sports betting sites might find themselves treading water this year.

West Virginia Yearly Revenue Data

Year	Handle	Gross Revenue	Hold
2024	$171,352,844	$18,029,043	10.5%
2023	$483,227,416	$47,723,640	9.9%
2022	$571,317,847	$50,822,382	8.9%

West Virginia 2024 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$50,562,352	$6,472,411	12.8%
February	$39,271,363	$3,545,480	9.0%
March	$47,219,129	$4,411,150	9.3%
April	$34,300,000*	$3,600,000*	10.3%

West Virginia 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$49,384,637	$4,019,360	8.1%
February	$39,740,983	$2,726,640	6.9%
March	$45,538,667	$4,469,377	9.8%
April	$40,827,987	$3,107,176	7.6%
May	$35,140,815	$3,849,530	11.0%
June	$23,695,286	$2,053,727	8.7%
July	$22,301,062	$2,719,702	12.2%
August	$23,959,192	$2,595,871	10.8%
September	$44,472,879	$4,333,428	9.7%
October	$47,737,777	$6,376,269	13.4%
November	$56,419,080	$5,155,090	9.1%
December	$54,009,052	$6,317,472	11.7%

West Virginia 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$65,125,042	$4,528,101	7.0%
February	$48,476,816	$1,904,490	3.9%
March	$55,672,438	$3,117,541	5.6%
April	$38,655,331	$3,067,780	7.9%
May	$40,439,679	$3,748,227	9.3%
June	$30,145,409	$2,066,930	6.9%
July	$25,769,135	$2,706,044	10.5%
August	$28,553,358	$3,455,974	12.1%
September	$49,859,709	$7,217,919	14.5%
October	$56,968,266	$5,427,011	9.5%
November	$72,947,153	$5,521,747	7.6%
December	$58,705,514	$8,060,617	13.7%

Wyoming Sports Betting Revenue

Things are looking mighty fine in The Cowboy State to kick off 2024. Wyoming sports betting revenue is at $6.3 million through the first two months, putting it well on pace to surpass last year’s $17.3 million take. BetMGM, Caesars, FanDuel and DraftKings all operate in Wyoming; they each pay a 20% tax on gross gaming revenue.

Wyoming Yearly Revenue Data

Year	Handle	Gross revenue	Hold %
2024	$53,474,579	$6,327,865	11.8%
2023	$172,247,303	$17,293,649	10%
2022	$144,525,803	$14,790,230	10.2%

Wyoming 2024 Monthly Revenue Data

Month	Handle	Gross revenue	Hold
January	$20,272,552	$2,662,549	13.1%
February	$15,511,285	$1,946,593	12.5%
March	$17,690,741	$1,718,721	9.7%

Wyoming 2023 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$14,339,351	$1,587,273	11.1%
February	$11,591,163	$1,105,841	9.5%
March	$14,777,639	$1,837,412	12.4%
April	$12,623,675	$1,264,212	10.0%
May	$12,778,371	$1,306,929	10.2%
June	$9,483,450	$775,389	8.2%
July	$8,145,480	$998,740	12.3%
August	$10,464,584	$1,207,821	11.5%
September	$19,259,607	$1,525,986	7.9%
October	$21,234,828	$2,271,665	10.7%
November	$18,525,420	$1,562,756	8.4%
December	$19,023,734	$1,849,624	9.7%

Wyoming 2022 Monthly Revenue Data

Month	Handle	Gross Revenue	Hold
January	$13,977,632	$1,098,460	7.9%
February	$10,301,603	$722,631	7.0%
March	$12,704,938	$1,104,236	8.7%
April	$9,999,592	$1,007,796	10.1%
May	$9,340,833	$1,011,714	10.8%
June	$7,322,852	$673,269	9.2%
July	$7,246,352	$680,740	9.4%
August	$10,990,904	$1,237,815	11.3%
September	$13,575,173	$1,932,519	14.2%
October	$17,275,317	$2,039,620	11.8%
November	$16,702,867	$1,478,158	8.8%
December	$15,087,739	$1,803,272	12.0%

States with Potential to Legalize Sports Betting

While more than three-quarters of all U.S. states have some form of legal sports wagering, there are still some notable holdouts. Here’s a look at states that appear to have a path to legalized sports betting at some point in the future:

Future of US Sports Betting Revenue

What does the future hold for sports betting handles, revenues and hold percentages across the United States? Here are some factors that should pay a role in how these figures evolve:

More Legal States: Sports betting is now legal in 38 states and districts, with the majority of those welcoming business from the best sports betting apps. And while there aren’t any states presently on the verge of joining the mix, it’s quite possible that we could see further legalization in late 2024 or 2025, thereby increasing overall revenue potential.

Available Betting Markets: Developments here could have a dramatic positive or negative impact on sportsbooks’ earning potential. While betting sites are constantly introducing new betting markets across a variety of sports, some – most notably, college player props – are being removed by legislators due to ongoing issues with player harassment.

More Betting Options: With Phase 1 of the U.S. sports betting maturity process (initial player acquisition and retention) essentially over, sports betting sites have now moved on to Phase 2: innovation. And both players and sportsbooks should reap the benefits here, between new ways to parlay picks, more niche sports coverage and a larger emphasis on microbetting.

Increased Notoriety: This is the biggest wild-card in the U.S. sports betting landscape. While we’ve seen positive examples of increased betting activity due to external factors (Taylor Swift, anyone?), a spate of controversial betting practices has cast a shadow over the industry, and further incidents are sure to adversely affect sports betting revenues.

Reduced Promo Spend: Access to many of the best sportsbook promos helped fuel a meteoric rise in sign-ups – but those days might be coming to an end. With only a handful of states yet to launch, and the majority of the best sports betting sites having curtailed their promotional spend, new customers might be tougher to pull in moving forward.

Glossary of Betting Market Terms

Handle: The “handle” refers to the total amount of money wagered by bettors on a particular event or series of events. It’s a term commonly used in sports betting, horse racing, and other forms of gambling.

Gross Revenue: Gross revenue in sports betting refers to the total amount of money that a sportsbook or betting operator collects from bettors through wagers minus all winning bets. It represents the total revenue generated by the sportsbook before deducting expenses such as operating costs, taxes, and any other fees.

Hold: The “hold” refers to the percentage of the total wagers placed that the sportsbook keeps as profit after paying out winning bets. The hold is calculated by dividing the sportsbook’s gross revenue (total amount of money collected from losing bets) by the total amount of money wagered.

Tickets: Also known as “receipts”, tickets represent the total number of bets placed during a specific period or on a specific bet type or market. Bet amount is immaterial to ticket count.