US Sports Betting Revenue and Handle Tracker Cover

US Sports Betting Revenue and Handle Tracker

by Oddspedia Experts
Reading time 14 min
Listen
-38:49
American sports betting underwent a tectonic shift five years ago, putting it on a growth path that brought it to nearly $7.5 billion in revenues in 2022.
  • Facebook Icon
  • X Icon
  • Instagram Icon
  • Telegram Icon
Do you find this article useful?

Sports Betting Revenue & Handle by State

Using the interactive map below, scroll over any state to view its betting handle, gross revenue, and average gross win margin. Additionally, you can filter the data to show a particular year, month, or state.

  • Handle: Amount wagered in a state or sportsbook over a determined amount of time.
  • Revenue: The amount the sportsbook keeps after paying out all winners.
  • Hold %: The hold percentage is calculated by dividing revenues by the handle and multiplying by 100.


  • $1,000 First Bet on Caesars
    Claim bonus

    If your wager is unsuccessful, Caesars Sportsbook will refund the full amount of your initial wager, up to a maximum of $1,000, back as one bonus bet. If your first wager wins, the offer is void. Must be 21+ years of age and physically present in OH. T&Cs apply. Gambling problem? Call or text 1-800-522-4700.

History of Sports Betting in the US

While informal sports betting has long been a part of American sport culture, formal legality was confined it to four states under the 1992 PASPA until its 2018 repeal by the Supreme Court. This landmark decision enabled states to legislate their own sports betting laws, leading to a rapid expansion across the nation.

As of now, 38 states have embraced legal sports betting, showcasing diverse models—from in-person to mobile-only frameworks. This dynamic landscape continues to evolve, reflecting in our monthly guide that offers the latest revenue, handle, and state-specific insights into the burgeoning US sports betting market.

  • Up to a $500 Second-chance Bet
    Claim bonus

    Payout on Bonus Bet wagers includes profits only(stake not returned). Must be 21+ and present in OH. T&Cs apply. Gambling problem? Call or text 1-800-522-4700.

Sports Betting Revenue and Handle by State

Using the interactive map below, scroll over any state to view its betting handle, gross revenue, and average gross win margin. Additionally, you can filter the data to show a particular year, month, or state.

All US States All-Time Revenue Breakdown

  • All Time Total Handle: $323.7 billion
  • All Time Total Revenue: $27.1 billion
  • 2023 Total Handle: $121.1 billion
  • 2023 Total Revenue: $11.1 billion
  • 2024 Year to Date Handle: $11.6 billion
  • 2024 Year to Date Revenue: $1.3 billion

Arizona Sports Betting

Arizona passed sports betting legislation in April 2021 with provisions for online wagering and in-person sportsbooks. Sports betting launched in September 2021, and the state features retail betting facilities in some of the biggest sports arenas, like the Footprint Center, Chase Field, and State Farm Stadium.

  • Total Handle: $14.4B
  • Total Revenue: $1.2B
  • 2023 Handle: $6.6B
  • 2023 Revenue: $557.4M
  • 2024 Year to Date Handle: $0.0M
  • 2024 Year to Date Revenue: $0.0M
  • Last Month: Handle $693.3M, Revenue $67.7M (Dec-23)
  • Best Month Handle: $713.6M (Nov-23)
  • Best Month Revenue: $67.7M (Dec-23)

Arkansas Sports Betting

Arkansas’s Joint Budget Committee paved the way for online sports betting in February 2022, following the decision in 2019 to legalize in-person wagering at three retail sportsbooks - Southland Casino (now Betly), BetSaracen, and Oaklawn Racing Casino.

  • Total Handle: $753.7M
  • Total Revenue: $75.4M
  • 2023 Handle: $405.0M
  • 2023 Revenue: $37.2M
  • 2024 Year to Date Handle: $50.7M
  • 2024 Year to Date Revenue: $5.9M
  • Last Month: Handle $50.7M, Revenue $5.9M (Jan-24)
  • Best Month Handle: $54.8M (Nov-23)
  • Best Month Revenue: $5.9M (Jan-24)

Colorado Sports Betting

After a close referendum, Colorado sports betting was legalized in late 2019. The first Colorado sportsbooks were launched online in May 2020. Colorado has become one of the most diverse sports betting states nationwide, and today, there are nearly 20 sports betting sites to play at.

  • Total Handle: $16.4B
  • Total Revenue: $1.1B
  • 2023 Handle: $5.6B
  • 2023 Revenue: $391.9M
  • 2024 Year to Date Handle: $597.0M
  • 2024 Year to Date Revenue: $54.0M
  • Last Month: Handle $597.0M, Revenue $54.0M (Jan-24)
  • Best Month Handle: $716.4M (Dec-23)
  • Best Month Revenue: $54.0M (Jan-24)

Connecticut Sports Betting

In May 2020, Colorado launched its sports betting market following the 2019 legalization. By 2024, it expanded to about 30 online sportsbooks, becoming a notable sports betting hub. In December 2023, Fanatics joined major operators like DraftKings, FanDuel, BetMGM, Bet365.

  • Total Handle: $3.8B
  • Total Revenue: $366.1M
  • 2023 Handle: $1.8B
  • 2023 Revenue: $174.8M
  • 2024 Year to Date Handle: $203.0M
  • 2024 Year to Date Revenue: $25.0M
  • Last Month: Handle $203.0M, Revenue $25.0M (Jan-24)
  • Best Month Handle: $212.2M (Dec-23)
  • Best Month Revenue: $25.0M (Jan-24)

Washington D.C. Sports Betting

Washington D.C., legalized sports betting in 2019. The District licensed two commercial operators, Caesaers and BetMGM, to launch sportsbooks with a limitation that operators can only be accessed within two blocks of their retail partners, Capital One Arena and Nationals Park, respectively. FanDuel is set to replace GambetDC as the district-wide mobile operator, aiming to enhance the betting experience and revenue.

  • Total Handle: $685.5M
  • Total Revenue: $84.3M
  • 2023 Handle: $169.7M
  • 2023 Revenue: $18.9M
  • 2024 Year to Date Handle: $16.0M
  • 2024 Year to Date Revenue: $2.0M
  • Last Month: Handle $16.0M, Revenue $2.0M (Jan-24)
  • Best Month Handle: $26.3M (Oct-21)
  • Best Month Revenue: $4.4M (Nov-21)

Delaware Sports Betting

Believe it or not, the first state to launch sports betting following the PASPA decision was Delaware, passing legislation in June 2018. However, a significant update occurred on December 27, 2023, when Delaware expanded its betting landscape to include online options. BetRivers became the first online sportsbook to operate in the state.

  • Total Handle: $624.9M
  • Total Revenue: $130.5M
  • 2023 Handle: $65.4M
  • 2023 Revenue: $14.4M
  • 2024 Year to Date Handle: $17.1M
  • 2024 Year to Date Revenue: $2.9M
  • Last Month: Handle $17.1M, Revenue $2.9M (Jan-24)
  • Best Month Handle: $24.2M (Nov-18)
  • Best Month Revenue: $8.2M (Nov-20)

Florida Sports Betting

In November 2023, Florida reintroduced legal sports betting with the Hard Rock Bet app, becoming the state's exclusive online sportsbook. By December 2023, physical casinos operated by the Seminole Tribe also began accepting bets. While the Seminole Tribe holds the exclusive rights to sports betting in Florida, residents aged 18 and older can legally use international sportsbook sites.

  • Total Handle: N/A
  • Total Revenue: N/A
  • 2023 Year to Date: N/A
  • Last Month: N/A
  • Best Month (By Handle): N/A
  • Best Month (By Revenue): N/A

Illinois Sports Betting

Since its initiation in March 2020 with Rivers Casino, Illinois has established a competitive sports betting market. By early 2024, several online sportsbooks in Illinois, including BetMGM, Caesars, and DraftKings, are operational. Recent proposals aim to increase the sports betting tax to support the state budget, while Illinois continues to see significant betting volumes and revenue growth.

  • Total Handle: $30.2B
  • Total Revenue: $2.4B
  • 2023 Handle: $11.6B
  • 2023 Revenue: $1.0B
  • 2024 Year to Date Handle: $0.0M
  • 2024 Year to Date Revenue: $0.0M
  • Last Month: Handle $1.3B, Revenue $128.4M (Dec-23)
  • Best Month Handle: $1.4B (Nov-23)
  • Best Month Revenue: $128.4M (Dec-23)

Indiana Sports Betting

Indiana legalized sports betting in September 2019 and as of early 2024, Indiana's sports betting landscape has expanded beyond the initial 11 operators. New entrants like Bet365 and Betr Sportsbook have joined the market, enhancing the state's betting offerings.

  • Total Handle: $15.3B
  • Total Revenue: $1.3B
  • 2023 Handle: $4.3B
  • 2023 Revenue: $403.7M
  • 2024 Year to Date Handle: $480.6M
  • 2024 Year to Date Revenue: $53.5M
  • Last Month: Handle $480.6M, Revenue $53.5M (Jan-24)
  • Best Month Handle: $513.7M (Nov-23)
  • Best Month Revenue: $54.6M (Dec-23)

Iowa Sports Betting

Sports betting in Iowa has been active since May 2019, with online operators like bet365 joining the scene in June and ESPN Bet in November 2023. Iowa bettors have access to numerous online sportsbooks, and with no in-person registration required since January 2021, they can easily bet from anywhere within the state.

  • Total Handle: $7.9B
  • Total Revenue: $572.8M
  • 2023 Handle: $2.4B
  • 2023 Revenue: $198.9M
  • 2024 Year to Date Handle: $259.5M
  • 2024 Year to Date Revenue: $22.1M
  • Last Month: Handle $259.5M, Revenue $22.1M (Jan-24)
  • Best Month Handle: $303.3M (Jan-22)
  • Best Month Revenue: $26.3M (Dec-23)

Kansas Sports Betting

Kansas sports betting launched on September 1, 2022, with operators like BetMGM, Caesars, DraftKings, FanDuel, and PointsBet all going live. s of early 2024, there have been no significant changes since the most recent operator, ESPN Bet, joined in November 2023. At maturity, up to 12 online sportsbooks could launch.

  • Total Handle: $3.1B
  • Total Revenue: $280.0M
  • 2023 Handle: $2.1B
  • 2023 Revenue: $182.5M
  • 2024 Year to Date Handle: $240.0M
  • 2024 Year to Date Revenue: $21.0M
  • Last Month: Handle $240.0M, Revenue $21.0M (Jan-24)
  • Best Month Handle: $260.9M (Nov-23)
  • Best Month Revenue: $30.9M (Dec-23)

Kentucky Sports Betting

Kentucky's retail sports betting kicked off on September 7, 2023, with online betting starting on September 28. Up to 27 Kentucky online sportsbooks could eventually be available, with racetracks partnering with online platforms. The Kentucky Horse Racing Commission oversees the regulation, with taxes set at 9.75% for in-person and 14.25% for online bets.

  • Total Handle: $886.7M
  • Total Revenue: $110.2M
  • 2023 Handle: $886.7M
  • 2023 Revenue: $110.2M
  • 2024 Year to Date Handle: $0.0M
  • 2024 Year to Date Revenue: $0.0M
  • Last Month: Handle $263.9M, Revenue $32.0M (Dec-23)
  • Best Month Handle: $295.4M (Oct-23)
  • Best Month Revenue: $54.0M (Oct-23)

Louisiana Sports Betting

Louisiana sports betting landscape started with retail-only betting in October 2021, with online sports betting launched later in January 2022. As of early 2024, the state has a variety of online sportsbooks like DraftKings, FanDuel, and the recently launched bet365 in November 2023.

  • Total Handle: $5.6B
  • Total Revenue: $644.2M
  • 2023 Handle: $2.9B
  • 2023 Revenue: $366.8M
  • 2024 Year to Date Handle: $346.0M
  • 2024 Year to Date Revenue: $53.0M
  • Last Month: Handle $346.0M, Revenue $53.0M (Jan-24)
  • Best Month Handle: $377.0M (Dec-23)
  • Best Month Revenue: $56.5M (Dec-23)

Maine Sports Betting

Maine officially launched online sports betting on November 3, 2023, with Caesars Sportsbook and DraftKings becoming the first two sportsbooks to go live. The state's law permits tribal entities to offer mobile sports betting statewide and establish retail sportsbooks at gaming facilities, with in-person betting also expected to be available soon.

  • Total Handle: $120.1M
  • Total Revenue: $15.2M
  • 2023 Handle: $82.1M
  • 2023 Revenue: $9.2M
  • 2024 Year to Date Handle: $38.0M
  • 2024 Year to Date Revenue: $6.0M
  • Last Month: Handle $38.0M, Revenue $6.0M (Jan-24)
  • Best Month Handle: $44.5M (Dec-23)
  • Best Month Revenue: $6.0M (Jan-24)

Maryland Sports Betting

The first retail Maryland sportsbooks opened in December 2021, with mobile betting in launching in November 2022. Since then, Maryland has seen a diverse array of online sportsbooks enter the market, with Caesars, BetMGM, FanDuel, and DraftKings. The state's legislation allows for an extensive number of licenses, and as of now, 12 sportsbooks are operating, leaving room for potential newcomers.

  • Total Handle: $6.2B
  • Total Revenue: $746.3M
  • 2023 Handle: $4.6B
  • 2023 Revenue: $513.9M
  • 2024 Year to Date Handle: $545.0M
  • 2024 Year to Date Revenue: $80.0M
  • Last Month: Handle $545.0M, Revenue $80.0M (Jan-24)
  • Best Month Handle: $559.9M (Dec-23)
  • Best Month Revenue: $85.2M (Dec-22)

Massachusetts Sports Betting

Massachusetts sports betting launched on January 31, 2023, but was retail-only. Online sports betting became legal in March 2023. Eight online sportsbooks have launched in the state, including FanDuel, DraftKings, Caesars, and Fanatics initially followed by Bally Bet and Betway. The state has a legal framework that allows up to 15 online sports betting licenses, which ensures a diverse and competitive market for bettors.

  • Total Handle: $5.6B
  • Total Revenue: $556.2M
  • 2023 Handle: $5.0B
  • 2023 Revenue: $483.2M
  • 2024 Year to Date Handle: $652.0M
  • 2024 Year to Date Revenue: $73.0M
  • Last Month: Handle $652.0M, Revenue $73.0M (Jan-24)
  • Best Month Handle: $658.7M (Dec-23)
  • Best Month Revenue: $73.0M (Jan-24)

Michigan Sports Betting

Since January 2021, Michigan’s online sports betting scene has expanded significantly, featuring major operators like ESPN Bet, Caesars, FanDuel, DraftKings, and BetMGM. Recent developments include ESPN Bet's launch in November 2023 and the exit of FOX Bet.

  • Total Handle: $14.3B
  • Total Revenue: $1.2B
  • 2023 Handle: $4.8B
  • 2023 Revenue: $434.3M
  • 2024 Year to Date Handle: $602.0M
  • 2024 Year to Date Revenue: $48.0M
  • Last Month: Handle $602.0M, Revenue $48.0M (Jan-24)
  • Best Month Handle: $613.4M (Dec-23)
  • Best Month Revenue: $65.9M (Dec-23)

Mississippi Sports Betting

Mississippi sports betting became legal back on August 1, 2018, but it’s still mostly limited to retail betting only. As of early 2024, significant steps toward online sports betting expansion have been taken. The Mississippi House recently passed House Bill 774, aiming to legalize mobile sports betting, allowing users to register and bet online without needing to visit a casino physically.

  • Total Handle: $2.5B
  • Total Revenue: $287.6M
  • 2023 Handle: $474.2M
  • 2023 Revenue: $51.1M
  • 2024 Year to Date Handle: $44.6M
  • 2024 Year to Date Revenue: $6.7M
  • Last Month: Handle $44.6M, Revenue $6.7M (Jan-24)
  • Best Month Handle: $83.5M (Oct-21)
  • Best Month Revenue: $12.3M (Oct-19)

Nevada Sports Betting

Nevada continues to lead in sports betting with a mix of retail and online options having launched in 2010. Bettors in Nevada can access various sportsbook apps like BetMGM and Caesars but must register in person. Our data goes back to June 2018 in the post-PASPA era.

  • Total Handle: $38.6B
  • Total Revenue: $2.2B
  • 2023 Handle: $8.3B
  • 2023 Revenue: $481.5M
  • 2024 Year to Date Handle: $782.8M
  • 2024 Year to Date Revenue: $64.7M
  • Last Month: Handle $782.8M, Revenue $64.7M (Jan-24)
  • Best Month Handle: $1.1B (Jan-22)
  • Best Month Revenue: $72.0M (Nov-21)

New Hampshire Sports Betting

New Hampshire sports betting went live in December 2019. However, the state has an exclusive agreement with DraftKings as the state's sole sports betting operator, which offers online and retail sportsbooks at multiple facilities. The monopoly agreement ends in June 2025.

  • Total Handle: $2.8B
  • Total Revenue: $224.1M
  • 2023 Handle: $822.1M
  • 2023 Revenue: $80.0M
  • 2024 Year to Date Handle: $73.3M
  • 2024 Year to Date Revenue: $9.8M
  • Last Month: Handle $73.3M, Revenue $9.8M (Jan-24)
  • Best Month Handle: $103.4M (Mar-23)
  • Best Month Revenue: $12.3M (Jan-23)

New Jersey Sports Betting

New Jersey’s role as the instigator of the legal challenge to PASPA meant it was at the forefront of the development of legal sports betting. Their first retail sportsbooks opened their doors in June 2018, a month after the overturning of PASPA, and online sports betting arrived in the Garden State in August 2018. Sixteen sportsbooks have subsequently launched in NJ.

  • Total Handle: $47.4B
  • Total Revenue: $3.5B
  • 2023 Handle: $12.0B
  • 2023 Revenue: $1.0B
  • 2024 Year to Date Handle: $1.7B
  • 2024 Year to Date Revenue: $170.8M
  • Last Month: Handle $1.7B, Revenue $170.8M (Jan-24)
  • Best Month Handle: $1.7B (Jan-24)
  • Best Month Revenue: $170.8M (Jan-24)

New York Sports Betting

In New York, the online sports betting market has been active and competitive since its launch in January 2022, following the earlier introduction of retail sports betting in 2019. The state hosts several leading sportsbook apps, including FanDuel and DraftKings, BetMGM and the newly introduced Fanatics. Despite the high tax regime, New York has quickly become a key player in the sports betting industry. Please note that we are missing data from April 2020 to August 2020.

  • Total Handle: $37.6B
  • Total Revenue: $3.3B
  • 2023 Handle: $19.2B
  • 2023 Revenue: $1.7B
  • 2024 Year to Date Handle: $2.0B
  • 2024 Year to Date Revenue: $211.7M
  • Last Month: Handle $2.0B, Revenue $211.7M (Jan-24)
  • Best Month Handle: $2.1B (Nov-23)
  • Best Month Revenue: $211.7M (Jan-24)

*New York data excludes sportsbook operations at tribal casinos.

North Carolina Sports Betting

In-person sports betting was legalized at tribal casinos in North Carolina in 2019, with the first bets taken in March 2021. North Carolina online sports betting was legalized with a bill in June 2021, and launched on March 11, 2024 with leading sportsbooks like FanDuel, BetMGM, DraftKings, and Fanatics. Financial information will be posted soon.

  • Total Handle: N/A
  • Total Revenue: N/A
  • 2023 Year to Date: N/A
  • Last Month: N/A
  • Best Month (By Handle): N/A
  • Best Month (By Revenue): N/A

Ohio Sports Betting

After legalizing sports betting in December 2021, Ohio sports betting was poised for a massive launch on January 1, 2023 - New Year’s Day. Over $1.1 billion was wagered in the first month of legal sports betting. The state recently doubled the tax rate on sports betting operators from 10% to 20% starting in July 2023 to enhance tax revenues.

  • Total Handle: $8.5 billion
  • Total Revenue: $1.0B
  • 2023 Handle: $7.7B
  • 2023 Revenue: $936.6M
  • 2024 Year to Date Handle: $812.0M
  • 2024 Year to Date Revenue: $113.0M
  • Last Month: Handle $812.0M, Revenue $113.0M (Jan-24)
  • Best Month Handle: $1.1B (Jan-23)
  • Best Month Revenue: $209.0M (Jan-23)

Oregon Sports Betting

Oregon sports betting is operational under the regulation of the Oregon Lottery Commission in August 2019, with DraftKings currently standing as the state's sole online sportsbook. DraftKings took over the state's online sports betting operations from Scoreboard in January 2022.

  • Total Handle: $1.8B
  • Total Revenue: $188.2M
  • 2023 Handle: $675.0M
  • 2023 Revenue: $75.7M
  • 2024 Year to Date Handle: $67.1M
  • 2024 Year to Date Revenue: $9.5M
  • Last Month: Handle $67.1M, Revenue $9.5M (Jan-24)
  • Best Month Handle: $73.2M (Dec-23)
  • Best Month Revenue: $9.7M (Dec-23)

*Oregon data excludes sportsbook operations at tribal casinos.

Pennsylvania Sports Betting

The Pennsylvania sports betting landscape has significantly evolved since its legalization in October 2017. With retail sports betting kicking off in November 2018 and the mobile market following in May 2019, the state has established a robust betting environment. As of 2024, Pennsylvania sports bettors have access to a diverse range of online sportsbooks beyond the initial launch of BetRivers, with top platforms like FanDuel, DraftKings, BetMGM, and Caesars.

  • Total Handle: $27.4B
  • Total Revenue: $2.3B
  • 2023 Handle: $7.7B
  • 2023 Revenue: $686.8M
  • 2024 Year to Date Handle: $858.2M
  • 2024 Year to Date Revenue: $97.7M
  • Last Month: Handle $858.2M, Revenue $97.7M (Jan-24)
  • Best Month Handle: $934.1M (Nov-23)
  • Best Month Revenue: $98.1M (Dec-23)

Rhode Island Sports Betting

The smallest state in the United States, Rhode Island, legalized sports betting in June 2018, and the first platforms to take wagers did so in November of that year. This was the first state in New England to launch sports betting.  The Rhode Island Lottery oversees one online sportsbook — Sportsbook Rhode Island — alongside retail betting at the state's two casinos.

  • Total Handle: $2.0B
  • Total Revenue: $176.6M
  • 2023 Handle: $461.4M
  • 2023 Revenue: $40.3M
  • 2024 Year to Date Handle: $44.8M
  • 2024 Year to Date Revenue: $5.0M
  • Last Month: Handle $44.8M, Revenue $5.0M (Jan-24)
  • Best Month Handle: $62.3M (Jan-23)
  • Best Month Revenue: $6.7M (Nov-21)

South Dakota Sports Betting

Sports betting is legal in South Dakota, but only in Deadwood and amongst tribal casinos. There’s technically online sports betting legal in the state, but only at retail sites in Deadwood. Legalized sports betting came to the state in 2021, with the first wager placed at Tin Lizzie Gaming Resort on September 9, 2021.

  • Total Handle: $20.0M
  • Total Revenue: $2.2M
  • 2023 Handle: $9.0M
  • 2023 Revenue: $1.0M
  • 2024 Year to Date Handle: $1.0M
  • 2024 Year to Date Revenue: $0.0M
  • Last Month: Handle $1.0M, Revenue $0.0M (Jan-24)
  • Best Month Handle: $1.1M (Dec-23)
  • Best Month Revenue: $0.2M (Sep-22)

Tennessee Sports Betting

Tennessee sports betting has been legal and operational since November 1, 2020, offering a purely online sportsbook market as there are no retail sports betting facilities in the state. Over the years, several key sportsbooks have entered the Tennessee market, including big names like BetMGM, DraftKings, FanDuel, and more recently, ESPN BET which launched its sportsbook product in November 2023.

  • Total Handle: $11.7B
  • Total Revenue: $1.2B
  • 2023 Handle: $4.3B
  • 2023 Revenue: $466.1M
  • 2024 Year to Date Handle: $467.0M
  • 2024 Year to Date Revenue: $61.0M
  • Last Month: Handle $467.0M, Revenue $61.0M (Jan-24)
  • Best Month Handle: $517.1M (Nov-23)
  • Best Month Revenue: $61.0M (Jan-24)

Vermont Sports Betting

Vermont approved a sports betting bill in February 2023 that allows up to six sportsbooks to launch in the state. The state officially launched its online-only sports betting market on January 11, 2024, with FanDuel, DraftKings, and Fanatics being the first operators to go live. Like Tennessee, Vermont is an online-only market for sports betting, with the state’s Liquor and Lottery Department overseeing operators. Financial information will be posted soon.

  • Total Handle: N/A
  • Total Revenue: N/A
  • 2023 Year to Date: N/A
  • Last Month: N/A
  • Best Month (By Handle): N/A
  • Best Month (By Revenue): N/A

Virginia Sports Betting

Virginia has been active in sports betting since January 21, 2021, following its legalization in April 2020. Now there is online and new retail sports betting at land-based casinos, with 16 legal online sportsbooks available as of early 2024 with players like FanDuel, DraftKings, and the recently launched Fanatics. The state enforces a 15% tax rate on gross gaming revenue, maintaining a balanced and attractive market for operators and bettors.

  • Total Handle: $14.4B
  • Total Revenue: $1.4B
  • 2023 Handle: $5.6B
  • 2023 Revenue: $560.3M
  • 2024 Year to Date Handle: $653.0M
  • 2024 Year to Date Revenue: $74.0M
  • Last Month: Handle $653.0M, Revenue $74.0M (Jan-24)
  • Best Month Handle: $653.0M (Jan-24)
  • Best Month Revenue: $74.0M (Jan-24)

West Virginia Sports Betting

West Virginia sports betting has been active since March 2018 offering both online and in-person betting. Notable online sportsbooks include FanDuel, DraftKings, Caesars, and the recent addition of Fanatics. The state provides attractive betting options and promotions, with a competitive 10% tax rate on sports betting revenue.

  • Total Handle: $2.3B
  • Total Revenue: $206.3M
  • 2023 Handle: $483.1M
  • 2023 Revenue: $47.7M
  • 2024 Year to Date Handle: $50.6M
  • 2024 Year to Date Revenue: $6.5M
  • Last Month: Handle $50.6M, Revenue $6.5M (Jan-24)
  • Best Month Handle: $88.2M (Nov-21)
  • Best Month Revenue: $8.1M (Dec-22)

Wyoming Sports Betting

Wyoming legalized sports betting on September 1, 2021, adopting a mobile-only model. The state legislation mandated the issuance of at least five sportsbook licenses, although currently, only four—BetMGM, DraftKings, FanDuel, and Caesars—are operational meaning there is potential expansion in the future.

  • Total Handle: $377.0M
  • Total Revenue: $39.1M
  • 2023 Handle: $172.2M
  • 2023 Revenue: $17.3M
  • 2024 Year to Date Handle: $20.0M
  • 2024 Year to Date Revenue: $3.0M
  • Last Month: Handle $20.0M, Revenue $3.0M (Jan-24)
  • Best Month Handle: $21.2M (Oct-23)
  • Best Month Revenue: $3.0M (Jan-24)

  • Up to $1,500 back in Bonus Bets
    Claim bonus

    Place your first wager and receive up to $1,500 back in Bonus Bets if the bet loses. If the bet does lose, your Bonus Bets will be available once your initial wager is settled. Must be 21+ and located in OH. T&Cs apply. Gambling problem? Call 1-800-GAMBLER OH. Please Gamble Responsibly!

    • Bet $5, Get $200 + No Sweat NBA SGP Tokens
      No code required Claim bonus

      Regardless of the outcome of the wager the bonus will be awarded as six(8) $25 Bonus Bets. Must be 21+ years of age or older and physically located in OH. T&Cs apply. Gambling problem? Call or text 1-800-522-4700.

    FAQ

    What does ‘handle’ mean in sports betting?

    In sports betting, the term handle refers to the amount that’s been wagered on an event or over a month at an online sportsbook.

    What does ‘revenue’ mean in sports betting?

    The revenue at an online sportsbook is calculated by subtracting the payout to players from the total handle. If the handle is $110,000 and the sportsbook pays out $90,000, they’ve received $20,000 in profit.

    What does ‘hold’ mean in sports betting?

    In sports betting, “hold” describes the percentage of wagers an online sportsbook keeps as profit. To calculate this, divide the revenue by the total wagers and multiply by 100. For example, if the revenue is $20,000 and the total wagers, or the handle, is $110,000, this would result in a hold of ~18%.

    How Much Do Sportsbooks Make Per Year?

    In 2022, sportsbooks around the country had combined gross revenues of more than $7.5 billion, according to our data. Per the data we have for 2023, which only covers January, sportsbooks have gross revenues of more than $922 million.
    Before you go, do not forget to share with your friends:
    • Facebook Icon
    • X Icon
    • Instagram Icon
    • Telegram Icon
    Related Articles:
        )    (       (       (      (            (       (
     ( /(    )\ )    )\ )    )\ )   )\ )         )\ )    )\ )     (
     )\())  (()/(   (()/(   (()/(  (()/(   (    (()/(   (()/(     )\
    ((_)\    /(_))   /(_))   /(_))  /(_))  )\    /(_))   /(_)) ((((_)(
      ((_)  (_))_   (_))_   (_))   (_))   ((_)  (_))_   (_))    )\ _ )\
     / _ \   |   \   |   \  / __|  | _ \  | __|  |   \  |_ _|   (_)_\(_)
    | (_) |  | |) |  | |) | \__ \  |  _/  | _|   | |) |  | |     / _ \
     \___/   |___/   |___/  |___/  |_|    |___|  |___/  |___|   /_/ \_\