The U.S. gambling industry, including casinos, lotteries, and daily fantasy sports sites, scored a monumental win in May 2018 when the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992. That opened the floodgates to state-by-state legalization and regulation of sports betting.
Previously, single-game sports wagering was confined to the state of Nevada, and Las Vegas became the mecca of U.S. sports betting. However, legal sports wagering has expanded to more than 20 states and counting as of May 2020. The American Gaming Association previously estimated that sports bettors in the U.S. were wagering $150 billion annually, prior to the overturning of PASPA, yet only about $5 billion of that was happening legally — in Nevada.
Some states have legalized only brick and mortar (B&M) sportsbooks for now, while others have also permitted online/mobile wagering; demand has been enormous and some states have seen as much as 90% of all bets in the state placed via online/mobile.
Below is a look at reported figures by legal markets in the exploding U.S. market, now more than two years since PASPA fell. Keep in mind that some states report robust information regarding legal wagers, while in others, data is sparse.
Legal U.S. sports betting revenue figures
The following table shows the sports betting handle (total dollars wagered), sportsbook revenue (gross revenue produced by legal sportsbooks, collectively), hold percentage across all sportsbooks in the state (percentage of dollars wagered the sportsbooks “kept,” producing the revenue), and state taxes collected.
Details for each state follow in individual sections below. You can click on the state in the below table to go directly to that state’s section. Note that state taxes indicates only taxes that the state ultimately receives, excluding local municipal taxes and certain administrative fees. The figures date back to May 2018, the month that the U.S. Supreme Court struck down the 1992 federal ban on full-fledged sports wagering outside Nevada.
| State | Total Handle | Hold % | Sportsbook Revenue | State Taxes Collected | Legal Betting Start Date |
|---|---|---|---|---|---|
| Arkansas | $61,751,384 | 13.75% | $8,492,887 | $1,163,914 | July 2019 |
| Colorado | $2,080,198,127 | 6.24% | $129,797,201 | $5,553,497 | May 2020 |
| Delaware | $367,918,079 | 20.49% | $75,400,372 | $28,824,041 | June 2018 |
| District of Columbia | $126,852,192 | 15.41% | $19,553,746 | $1,955,399 | May 2020 |
| Illinois | $2,974,203,663 | 7.02% | $208,833,858 | $31,325,079 | March 2020 |
| Indiana | $3,143,486,371 | 8.04% | $252,648,270 | $24,001,585 | September 2019 |
| Iowa | $1,242,044,934 | 7.52% | $93,418,595 | $6,356,831 | August 2019 |
| Michigan | $990,864,323 | 6.76% | $67,019,536 | $1,750,930 | March 2020 |
| Mississippi | $1,056,151,010 | 11.58% | $122,326,922 | $14,686,701 | August 2018 |
| Montana | $31,526,492 | 13.57% | $4,276,650 | $4,276,925 | March 2020 |
| Nevada | $14,464,894,660 | 6.27% | $906,669,000 | $61,232,767 | 1975 |
| New Hampshire | $459,501,843 | 7.38% | $33,922,063 | $15,601,371 | December 2019 |
| New Jersey | $14,408,462,364 | 6.81% | $981,623,691 | $120,784,993 | June 2018 |
| New Mexico | - | - | - | - | October 2018 |
| New York | $342,440,958* | 7.34%* | $25,120,968 | $2,530,058 | June 2019 |
| Oregon | $352,109,651 | 8.78% | $30,928,466 | $30,928,466 | August 2019 |
| Pennsylvania | $6,773,721,095 | 7.49%/5.26% | $356,035,570 | $121,052,097 | November 2018 |
| Rhode Island | $594,009,635 | 8.78% | $52,154,247 | $27,052,880 | November 2018 |
| Tennessee | $905,293,000 | 8.66% | $78,376,000 | $15,543,918 | November 2020 |
| Washington | - | - | - | - | TBD |
| Virginia | $324,674,870 | 4.87% | $15,824,857 | $340,304 | January 2021 |
| West Virginia | $813,505,104 | 8.07% | $65,644,217 | $5,579,762 | August 2018 |
| Totals | $51,171,168,816 | -- | $3,528,067,117 | $520,541,518 | |
| Note: New York's handle is estimated by reverse-engineering from the revenue reported and the national average win rate from each month. Its handle numbers ARE NOT reflected in the final total, but its revenues and taxes are. | |||||
Note 1: Sportsbooks actively operating legally in the following jurisdictions do not, or have not yet, reported handle or revenue figures: VA.
Note 2: Handle and hold figures for NY are currently estimates for illustrative purposes, the handle is created by reverse-engineering the revenue with the average national hold across legal jurisdictions each month.
Arkansas sports betting totals
Arkansas market snapshot
Arkansas sports betting was made possible by voters, who approved Issue 4 in the 2018 November elections by a margin of 54.1-45.9 percent. Issue 4 provided the initiative to authorize casinos in five counties in the state that included three existing venues and two that will be built. Oaklawn Racing Casino was the first to accept wagers in July 2019, and Saraceno Casino Resort followed suit two months later. Southland Casino Resort was the third to start taking wagers in January, and the two remaining casinos are slated for Pope and Jefferson counties.
| Date | Casinos | Handle | Hold | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|
| July-19 | 1 | $416,160 | 18.47% | $76,885 | $9,995 |
| Aug-19 | 1 | $778,249 | 7.56% | $58,858 | $7,652 |
| Sep-19 | 1 | $2,252,196 | 8.13% | $183,044 | $23,796 |
| Oct-19 | 2 | $2,216,369 | 17.15% | $380,006 | $49,401 |
| Nov-19 | 2 | $2,978,235 | 6.09% | $181,497 | $23,595 |
| Dec-19 | 2 | $2,683,306 | 16.97% | $455,368 | $59,198 |
| Jan-20 | 3 | $2,587,732 | 9.85% | $254,811 | $33,264 |
| Feb-20 | 3 | $4,264,366 | 9.65% | $411,589 | $67,554 |
| Mar-20 | 3 | $1,588,402 | 14.00% | $222,373 | $38,310 |
| Apr-20 | 3 | $0 | 0.00% | $0 | $0 |
| May-20 | 3 | $509 | -22.59% | -$115 | -$15 |
| June-20 | 3 | $1,189 | 0.84% | $10 | $1 |
| July-20 | 3 | $179,315 | -10.95% | -$19,633 | -$2,552 |
| Aug-20 | 3 | $1,008,992 | 6.90% | $69,625 | $9,051 |
| Sep-20 | 3 | $3,928,748 | 10.11% | $397,094 | $51,623 |
| Oct-20 | 3 | $6,559,859 | 14.34% | $940,514 | $122,267 |
| Nov-20 | 3 | $6,288,249 | 15.52% | $975,984 | $126,878 |
| Dec-20 | 3 | $6,415,446 | 16.43% | $1,054,272 | $137,055 |
| Jan-21 | 3 | $7,187,194 | 19.32% | $1,388,258 | $180,474 |
| Feb-21 | 3 | $4,469,442 | 14.66% | $655,356 | $92,923 |
| Mar-21 | 3 | $5,947,426 | 13.58% | $807,091 | $130,877 |
| TOTALS | 3 | $61,751,384 | 13.75% | $8,492,887 | $1,163,914 |
- Date legalized: November 2018
- Arkansas legal B&M sportsbooks first launched: July 2019
- Arkansas legal online/mobile sportsbooks first launched: None
- Regulator: Arkansas Racing Commission
- Biggest monthly handle to date: $7,187,194 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: 3
- Number of online sportsbooks operating: 0
- Leading sportsbooks (revenue and/or handle): Southland Racing Casino
- Tax rate on sportsbook operators: 13% on gross revenue
Colorado sports betting totals
Colorado market snapshot
Colorado sports betting was made possible by ballot referendum in November 2019, when the measure to legalize narrowly passed by 1%. The industry and player-friendly regulations to follow have resulted in what’s basically a robust test market for all groups looking to gain a foothold in the U.S. market — including Circa Sportsbook and the SuperBook, two of the Las Vegas-based titans. There may be up to 33 online sportsbooks available, one for each casino, and one physical lounge at each property. The first NFL team-sportsbook partnership was also struck in Colorado, when the Denver Broncos and FanDuel Sportsbook hooked up in June 2020.
Month Number of Casinos (Number Online) Total Handle Mobile Handle Percentage Hold Percentage Sportsbook Revenue State Taxes
May-20 3 (6) $25,621,761 100% 10.01% $2,567,290 $96,537.55
Jun-20 1 (6) $38,136,649 N/A 9.14% $3,484,014 $217,023.40
Jul-20 8 (10) $59,183,620 99.02% 8.78% $5,196,599 $241,866.91
Aug-20 8 (10) $128,646,209 98.46% 5.85% $7,519,599 $189,461.84
Sep-20 11 (15) $207,655,943 98.18% 2.01% $4,166,334 $69,771.64
Oct-20 11 (15) $210,719,821 97.97% 8.26% $17,402,409 $824,700
Nov-20 11 (15) $231,238,842 98.11% 7.94% $18,354,655 $793,820
Dec-20 11 (15) $284,551,472 98.56% 6.03% $17,151,867 $531,490
Jan-21 11 (15) $326,903,462 97.69% 7.08% $23,144,505 $1,195,744
Feb-21 11 (15) $266,549,207 96.87% 3.92% $10,444,810 $332,227
Mar-21 11 (15) $300,990,840 98.08% 6.77% $20,365,119 $1,060,854
Totals $2,080,198,127 N/A 6.24% $129,797,201 $5,553,497
- Date legalized: November 2019
- Colorado legal B&M sportsbooks first launched: May 1, 2020
- Colorado legal online/mobile sportsbooks first launched: May 1, 2020
- Regulator: Colorado Limited Gaming Commission
- Biggest monthly handle to date: $326,903,462 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: 11
- Number of online sportsbooks operating: 15
- Leading sportsbooks (revenue and/or handle): Undetermined
- Tax rate on sportsbook operators: 10% on gross revenue
Delaware sports betting totals
Delaware market snapshot
The First State was actually among four states (including Nevada, Oregon, and Montana that had limited sports wagering “grandfathered” under PASPA, allowing the Delaware Lottery to offer NFL parlay betting even after Congress passed the ban. Once PASPA was struck down, Delaware beat New Jersey to the punch, accepting the first straight bet outside Nevada on June 5, 2018. Online sports betting is not yet legal in the state.
| Month | Number of Casinos (Number Online) | Total Handle | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|
| Jun-18 | 3 (0 Mobile) | $7,003,725 | 14.28% | $1,000,247 | $437,608 |
| Jul-18 | 3 (0 Mobile) | $8,214,765 | 6.42% | $527,140 | $230,613 |
| Aug-18 | 3 (0 Mobile) | $8,018,354 | 12.32% | $987,494 | $411,189 |
| Sep-18 | 3 (0 Mobile) | $23,257,965 | 33.57% | $7,807,511 | $2,985,981 |
| Oct-18 | 3 (0 Mobile) | $21,231,427 | 12.09% | $2,565,956 | $820,297 |
| Nov-18 | 3 (0 Mobile) | $24,206,090 | 10.35% | $2,505,848 | $804,169 |
| Dec-18 | 3 (0 Mobile) | $23,419,539 | 24.81% | $5,810,006 | $2,136,111 |
| Jan-19 | 3 (0 Mobile) | $14,130,069 | 19.02% | $2,687,370 | $1,047,421 |
| Feb-19 | 3 (0 Mobile) | $8,709,205 | -7.08% | -$616,340 | $0 |
| Mar-19 | 3 (0 Mobile) | $10,483,128 | 17.92% | $1,879,046 | $822,082 |
| Apr-19 | 3 (0 Mobile) | $6,088,183 | 11.56% | $703,739 | $307,886 |
| May-19 | 3 (0 Mobile) | $5,920,766 | 7.84% | $464,333 | $203,147 |
| Jun-19 | 3 (0 Mobile) | $6,325,464 | 8.43% | $533,378 | $233,353 |
| Jul-19 | 3 (0 Mobile) | $3,920,974 | 14.79% | $579,897 | $253,705 |
| Aug-19 | 3 (0 Mobile) | $4,745,747 | 12.35% | $586,057 | $246,553 |
| Sep-19 | 3 (0 Mobile) | $18,781,406 | 31.84% | $5,979,876 | $2,212,821 |
| Oct-19 | 3 (0 Mobile) | $16,066,023 | 28.89% | $4,640,776 | $1,694,389 |
| Nov-19 | 3 (0 Mobile) | $16,850,854 | 25.13% | $4,235,147 | $1,507,324 |
| Dec-19 | 3 (0 Mobile) | $20,466,561 | 20.40% | $4,174,861 | $1,486,060 |
| Jan-20 | 3 (0 Mobile) | $11,187,011 | 22.59% | $2,527,312 | $997,990 |
| Feb-20 | 3 (0 Mobile) | $7,279,650 | -5.64% | -$410,666 | $0 |
| Mar-20 | 3 (0 Mobile) | $3,877,068 | 16.85% | $653,127 | $285,743 |
| Apr-20 | 3 (0 Mobile) | $0 | 0.00% | $0 | $0 |
| May-20 | 3 (0 Mobile) | $0 | 0.00% | $0 | $0 |
| Jun-20 | 3 (0 Mobile) | $0 | 0.00% | $0 | $0 |
| Jul-20 | 2 (0 Mobile) | $209,282 | 6.62% | $13,845 | $6,058 |
| Aug-20 | 2 (0 Mobile) | $2,957,634 | 14.19% | $419,561 | $183,558 |
| Sep-20 | 3 (0 Mobile) | $12,439,302 | 22.53% | $2,803,023 | $979,283 |
| Oct-20 | 3 (0 Mobile) | $17,086,034 | 28.94% | $4,945,187 | $1,741,523 |
| Nov-20 | 3 (0 Mobile) | $19,510,093 | 41.84% | $8,162,862 | $2,950,758 |
| Dec-20 | 3 (0 Mobile) | $15,696,681 | 28.08% | $4,408,080 | $1,548,558 |
| Jan-21 | 3 (0 Mobile) | $15,649,254 | 19.44% | $3,042,060 | $1,553,487 |
| Feb-21 | 3 (0 Mobile) | $7,519,710 | 9.03% | $679,021 | $254,200 |
| Mar-21 | 3 (0 Mobile) | $6,666,115 | 16.57% | $1,104,860 | $482,174 |
| Total | $367,918,079 | 20.49% | $75,400,372 | $28,824,041 |
Note: Delaware’s reported sports betting numbers are a combination of its three sportsbooks and sports lottery retailers who are permitted to offer only NFL parlay tickets.
- Date legalized: Immediately upon PASPA getting struck down, based on state’s existing laws.
- Delaware legal B&M sportsbooks first launched: June 2018
- Delaware online/mobile sportsbooks launched: Not currently legal
- Regulator: Delaware Lottery
- Biggest monthly handle to date: $24,206,090 (Nov. ’18)
- Number of brick-and-mortar sportsbooks operating: 3
- Number of retail parlay card sites: 102
- Number of online sportsbooks operating: 0
- Leading sportsbooks: For all three sportsbooks in the state, Scientific Games operates systems and software, while William Hill manages oddsmaking/risk-management.
- Tax rate on sportsbook operators: Delaware uses a revenue-sharing arrangement that gives 12.5% to Scientific Games, and the remaining amount is divided between the state (50%) and casinos that take the wagers (40%). The remaining 10% is taken out to support the state’s horse tracks.
District of Columbia sports betting totals
District of Columbia market snapshot
It took a while for the nation’s capital to get going after the D.C. Council legalized it in December 2018 and Mayor Muriel Bowser signed the measure into law in January 2019. The first bets through the city’s mobile app, GambetDC, run by DC Lottery, were not made until May 2020. The road to launch had a series bumps and hiccups, and many people ultimately were not thrilled with the GambetDC platform and offerings. Bookmaker William Hill entered the field in August 2020, with a physical sportsbook at Capital One Arena — the first sportsbook to operate at a sporting venue in the United States.
| Month | Total Handle | Hold Percentage | Sportsbook Revenues | District Taxes |
|---|---|---|---|---|
| May-20 | $9,723 | -2.47% | -$240 | $0 |
| June-20 | $223,730 | 16.53% | $36,985 | $3,699 |
| July-20 | $743,330 | 19.37% | $144,020 | $14,402 |
| Aug-20 | $11,262,442 | 15.12% | $1,703,416 | $170,341 |
| Sep-20 | $15,455,160 | 11.67% | $1,804,299 | $180,430 |
| Oct-20 | $18,535,846 | 19.10% | $3,539,869 | $353,987 |
| Nov-20 | $17,600,534 | 20.52% | $3,611,200 | $361,120 |
| Dec-20 | $16,696,995 | 16.22% | $2,708,652 | $270,866 |
| Jan-21 | $15,746,168 | 17.82% | $2,805,492 | $280,549 |
| Feb-21 | $15,303,079 | 8.71% | $1,333,019 | $133,302 |
| Mar-21 | $15,275,215 | 12.22% | $1,867,034 | $186,703 |
| Totals | $126,852,192 | 15.41% | $19,553,746 | $1,955,399 |
- Legalization date: January 23, 2019 (signed into law by D.C. Mayor Muriel Bowser)
- First retail sportsbook launched: May 28, 2020
- First mobile sportsbook launched: May 28, 2020
- Regulator: DC Lottery
- Biggest monthly handle: $18,535,846 (Oct. ’20)
- Number of brick-and-mortar sportsbooks: 1 (William Hill at Capital One Arena)
- Number of online sportsbooks: 2 (GambetDC, William Hill)
- Leading sportsbooks: William Hill, GambetDC
- Tax Rate: 10%
Illinois sports betting totals
Illinois market snapshot
The first brick-and-mortar sportsbook launched on March 9 at the Rivers Casino in Des Plaines, followed by the Argosy Casino Alton on March 12. The Illinois enabling legislation for sports betting requires in-person registration for online betting accounts. In response to the COVID-19 pandemic shutting down casinos, Gov. J.B. Pritzker suspended that requirement first on June 4, 2020, allowing the first Illinois sportsbook to go online — the BetRivers sportsbook through Rivers Casino — and has done so on multiple occasions since mid-August. Casinos have been closed and re-opened twice, with the latest re-opening taking place in mid-January.
| Date | Number of Casinos (Number Online) | Overall Handle | Mobile Handle | Mobile Handle Percentage | Pre/Post Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|---|
| Mar-20 | 2 (0) | $997,382 | $0 | 0.00% | 7.22/7.22% | $72,028 | $10,804 |
| Apr-20 | 0 (0) | $0 | $0 | 0.00% | 0.00/0.00% | $0 | $0 |
| May-20 | 0 (0) | $0 | $0 | 0.00% | 0.00/0.00% | $0 | $0 |
| June-20 | 1 (1) | $8,281,803 | $8,281,803 | 100.00% | 9.82/4.45% | $368,651 | $55,298 |
| July-20 | 2 (1) | $52,524,612 | $48,524,592 | 92.38% | 9.08/6.90% | $3,623,985 | $537,264 |
| Aug-20 | 6(3) | $140,065,649 | $123,969,460 | 88.51% | 5.47/5.18% | $7,233,360 | $1,085,004 |
| Sep-20 | 8 (5) | $305,223,938 | $283,061,442 | 92.73% | 3.85/2.24% | $6,837,289 | $1,025,593 |
| Oct-20 | 8 (5) | $434,567,105 | $409,780,229 | 94.30% | 10.02/9.71% | $42,200,300 | $6,330,045 |
| Nov-20 | 8 (5) | $449,474,389 | $433,694,608 | 96.49% | 9.10% | $41,286,027 | $6,192,904 |
| Dec-20 | 0 (5) | $491,720,536 | $491,720,536 | 100.00% | 4.86% | $23,873,152 | $3,580,973 |
| Jan-21 | 8 (5) | $581,553,300 | $575,232,465 | 98.91% | 8.24% | $47,945,298 | $7,191,795 |
| Feb-21 | 8 (5) | $509,794,592 | $490,203,460 | 96.16% | 6.94% | $35,393,768 | $5,309,065 |
| TOTALS | $2,974,203,663 | $2,864,468,595 | 96.31% | 7.02% | $208,833,858 | $31,325,079 |
- Date legalized: June 28, 2019
- Legal Indiana B&M sportsbooks first launched: March 9, 2020
- Legal lllinois mobile sportsbooks first launched: June 18, 2020
- Regulator: Illinois Gaming Board
- Biggest monthly handle to date: $581,553,300 (Jan. ’21)
- Number of B&M sportsbooks operating: 7
- Number of horse racing tracks operating: 2 and 2 OTB sites
- Number of online sportsbooks operating: 6
- Leading sportsbooks (revenue and/or handle): BetRivers, FanDuel, DraftKings
- Tax rate on sportsbook operators: 15%
Indiana sports betting totals
Indiana market snapshot
The first brick-and-mortar sportsbooks launched shortly before the 2019 football seasons and online sportsbooks shortly thereafter. Betting handle has steadily increased beyond $300 million per month following the resumption of sports post-COVID-19, and alongside it, as more sportsbooks came online, the percentage of legal wagers placed via mobile devices/online increased to roughly 80%. The Hoosier State is an open, competitive marketplace that we expect will continue to flourish.
| Month | Number of Casinos (Number Online) | Total Handle | Mobile Handle Dollars | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|---|
| Sep-19 | 14 (0 Mobile) | $35,215,416 | $0.00 | 0.00% | 24.30% | $8,558,974 | $813,103 |
| Oct-19 | 14 (3 Mobile) | $91,697,393 | $48,014,320 | 52.36% | 12.58% | $11,538,533 | $1,096,160 |
| Nov-19 | 15 (3 Mobile) | $147,276,915 | $96,205,375 | 65.32% | 6.31% | $9,298,552 | $883,361 |
| Dec-19 | 15 (4 Mobile) | $161,808,925 | $110,574,677 | 68.34% | 7.41% | $11,989,909 | $1,139,041 |
| Jan-20 | 15 (4 Mobile) | $170,813,254 | $123,372,845 | 72.09% | 7.53% | $12,861,015 | $1,221,797 |
| Feb-20 | 15 (5 Mobile) | $187,186,223 | $145,893,333 | 77.94% | 5.90% | $11,092,752 | $1,053,811 |
| Mar-20 | 15 (6 Mobile) | $74,818,802 | $60,797,614 | 81.26% | 7.30% | $5,495,640 | $522,085 |
| Apr-20 | 15 (7 Mobile) | $26,304,128 | $26,304,128 | 100.00% | 5.93% | $1,559,884 | $148,189 |
| May-20 | 15 (8 Mobile) | $37,334,940 | $37,334,940 | 100.00% | 8.52% | $3,179,968 | $302,097 |
| Jun-20 | 15 (8 Mobile) | $29,783,580 | $29,149,096 | 97.87% | 9.81% | $2,922,108 | $277,601 |
| Jul-20 | 15 (8 Mobile) | $70,474,221 | $64,545,921 | 91.59% | 9.39% | $6,658,465 | $632,544 |
| Aug-20 | 15 (8 Mobile) | $169,018,238 | $143,900,567 | 85.14% | 5.82% | $9,834,881 | $934,314 |
| Sept-20 | 15 (9 Mobile) | $207,450,106 | $173,170,391 | 83.48% | 6.89% | $14,283,702 | $1,356,952 |
| Oct-20 | 15 (10 Mobile) | $230,932,251 | $193,031,440 | 83.59% | 9.14% | $21,098,460 | $2,004,354 |
| Nov-20 | 15 (11 Mobile) | $251,403,994 | $213,687,911 | 85.00% | 10.08% | $25,332,120 | $2,406,551 |
| Dec-20 | 15 (11 Mobile) | $313,112,474 | $263,072,905 | 84.02% | 7.76% | $24,306,695 | $2,309,136 |
| Jan-21 | 15 (10 Mobile) | $348,244,676 | $296,505,207 | 85.14% | 8.42% | $29,330,069 | $2,786,357 |
| Feb-21 | 15 (10 Mobile) | $273,893,073 | $241,027,557 | 88.00% | 6.19% | $16,955,904 | $1,610,811 |
| Mar-21 | 15 (10 Mobile) | $316,717,762 | $279,184,337 | 88.15% | 8.32% | $26,350,639 | $2,503,311 |
| Total: | $3,143,486,371 | $2,545,722,564 | 80.99% | 8.04% | $252,648,270 | $24,001,585 |
- Date legalized: May 8, 2019
- Legal Indiana B&M sportsbooks first launched: Sept. 1, 2019
- Legal Indiana mobile sportsbooks first launched: Oct. 3, 2019
- Regulator: Indiana Gaming Commission
- Biggest monthly handle to date: $348,224,676 (Jan. ’21)
- Number of B&M sportsbooks operating: 15
- Number of online sportsbooks operating: 10
- Leading sportsbooks (revenue and/or handle): DraftKings, FanDuel Sportsbook
- Tax rate on sportsbook operators: 9.5% for both.
Iowa sports betting totals
Iowa market snapshot
Iowa was one of fastest moving states from legalization to launch, needing only three months. State sportsbooks launched retail and mobile on the same day. With the turning of the calendar to 2021, bettors in Iowa can now use remote registration to open a mobile sports wagering account as the in-person provision expired at the end of 2020. After the COVID-19 pandemic, Iowa handle has grown steadily and topped $100 million for the first time in December 2020.
| Month | Number of Casinos (Number Online) | Total Handle | Mobile Handle | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|---|
| Aug-19 | 13 (7 Mobile) | $8,576,341 | $3,670,446 | 42.80% | 25.21% | $2,161,807 | $145,915 |
| Sep-19 | 15 (7 Mobile) | $38,545,352 | $21,810,316 | 56.58% | 12.87% | $4,959,745 | $334,780 |
| Oct-19 | 18 (7 Mobile) | $46,500,331 | $25,923,748 | 55.75% | 12.17% | $5,658,131 | $381,379 |
| Nov-19 | 18 (9 Mobile) | $59,344,806 | $33,665,752 | 56.73% | 6.07% | $3,599,750 | $242,903 |
| Dec-19 | 19 (10 Mobile) | $59,258,838 | $33,450,318 | 56.45% | 4.90% | $2,904,257 | $198,872 |
| Jan-20 | 19 (10 Mobile) | $58,027,141 | $33,846,095 | 58.30% | 5.50% | $3,234,794 | $223,571 |
| Feb-20 | 19 (10 Mobile) | $56,920,783 | $37,786,872 | 66.30% | 1.30% | $755,334 | $97,962 |
| Mar-20 | 19 (10 Mobile) | $19,576,985 | $13,316,068 | 68.00% | 5.90% | $1,171,164 | $79,171 |
| Apr-20 | 19 (12 Mobile) | $1,568,497 | $1,568,497 | 100.00% | 9.60% | $150,331 | $9,502 |
| May-20 | 19 (13 Mobile) | $6,976,637 | $6,976,637 | 100.00% | 7.18% | $501,062 | $32,111 |
| June-20 | 19 (13 Mobile) | $12,711,201 | $11,581,727 | 91.11% | 4.88% | $620,740 | $42,033 |
| July-20 | 19 (13 Mobile) | $22,859,622 | $17,770,140 | 77.74% | 9.82% | $2,244,012 | $151,919 |
| Aug-20 | 19 (13 Mobile) | $50,313,674 | $34,993,351 | 69.55% | 5.97% | $3,003,945 | $202,316 |
| Sep-20 | 19 (13 Mobile) | $72,397,241 | $50,010,623 | 69.07% | 7.14% | $5,167,819 | $348,828 |
| Oct-20 | 19 (17 Mobile) | $81,902,416 | $56,886,207 | 69.46% | 11.11% | $9,098,995 | $612,967 |
| Nov-20 | 19 (17 Mobile) | $87,169,919 | $62,409,860 | 71.60% | 9.34% | $8,144,096 | $549,726 |
| Dec-20 | 19 (17 Mobile) | $104,815,630 | $78,074,462 | 74.49% | 7.19% | $7,537,004 | $508,748 |
| Jan-21 | 19 (17 Mobile) | $149,524,789 | $120,760,377 | 80.76% | 7.59% | $11,343,303 | $765,673 |
| Feb-21 | 19 (17 Mobile) | $143,615,170 | $125,218,447 | 87.19% | 5.37% | $7,708,148 | $520,444 |
| Mar-21 | 19 (18 Mobile) | $161,439,561 | $139,389,146 | 86.34% | 8.33% | $13,454,158 | $908,011 |
| Totals | $1,242,044,934 | $909,109,089 | 73.19% | 7.52% | $93,418,595 | $6,356,831 |
- Date legalized: May 13, 2019
- Iowa legal B&M sportsbooks first launched: Aug. 15, 2019
- Iowa legal online/mobile sportsbooks first launched: Aug. 15, 2019
- Regulator: Iowa Racing and Gaming Commission
- Biggest monthly handle to date: $161,439,561 (March ’21)
- Number of brick-and-mortar sportsbooks operating: 18
- Number of online sportsbooks operating: 17
- Leading sportsbooks (revenue and/or handle): William Hill at Prairie Meadows Racetrack & Casino (and online)
- Tax rate on sportsbook operators: 6.75% on gross revenue
Michigan sports betting totals
Michigan market snapshot
Sports betting is now legal in the great state of Michigan. After a surprising veto by outgoing Governor Rick Snyder in December 2018 of a bill that had bipartisan support, lawmakers were able to seal the deal with Snyder’s successor Gretchen Whitmer in December 2019. Sports betting is allowed at all three of Detroit’s casinos, and legislators were able to work in tandem with tribes across the Great Lakes State — sports betting should be available throughout the state once the COVID-19 pandemic recedes. The Wolverine State recently launched online sports wagering en masse in January as 11 operators are live, and there may be still more to come.
| Month | Number of Casinos (Number Online) | Total Handle | Mobile Handle | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|---|
| Mar-20 | 3 (0) | $593,956 | $0 | 0.00% | 17.77% | $105,548 | $3,990 |
| Apr-20 | 3 (0) | - | - | - | - | - | |
| May-20 | 3 (0) | - | - | - | - | - | |
| June-20 | 3 (0) | - | - | - | - | - | |
| July-20 | 3 (0) | - | - | - | - | - | |
| Aug-20 | 3 (0) | $15,774,256 | $0 | 0.00% | 12.56% | $1,977,052 | $74,733 |
| Sep-20 | 3 (0) | $33,503,929 | $0 | 0.00% | 13.06% | $4,376,407 | $165,428 |
| Oct-20 | 3 (0) | $46,120,824 | $0 | 0.00% | 16.47% | $7,596,972 | $287,166 |
| Nov-20 | 3 (0) | $25,080,140 | $0 | 0.00% | 9.32% | $2,337,638 | $88,363 |
| Dec-20 | 3 (0) | $9,720,393 | $0 | 0.00% | 19.37% | $1,883,240 | $71,186 |
| Jan-21 | 3 (11) | $150,849,896 | $115,165,702 | 76.34% | 11.53% | $17,396,143 | $265,282 |
| Feb-21 | 3 (12) | $325,569,037 | $301,857,054 | 92.72% | 2.89% | $9,395,292 | $146,580 |
| Mar-21 | 3 (12) | $383,681,892 | $359,450,162 | 93.68% | 5.72% | $21,951,244 | $648,202 |
| Totals | $990,864,323 | $776,472,918 | 78.36% | 6.76% | $67,019,536 | $1,750,930 |
Note: Numbers for March 2020 represent a limited number of days. MGM Grand Detroit and Greektown began accepting RSB wagers on 3/11/2020 at 1:00 pm, and MotorCity on 3/12/2020 at 10:00 am. Operations then stopped due to the COVID-19 pandemic.
- Date legalized: Dec. 13, 2019.
- Michigan legal retail sportsbooks first launched: March 11, 2020
- Michigan legal mobile sportsbooks first launched: Jan. 22, 2021.
- Regulator: Michigan Gaming Control Board
- Biggest monthly handle to date: $383,681,892 (March ’21)
- Number of brick-and-mortar sportsbooks operating: 3
- Number of online sportsbooks operating: 12
- Tax rate on sportsbook operators: 3.78% on gross revenue
Mississippi sports betting totals
Mississippi market snapshot
Mississippi was one of a handful of states able to offer legal sports betting without passing new legislation, having preemptively legalized in 2019, contingent upon federal law changing (which it did). The state gaming commission oversees commercial casinos, and there are also a handful of tribal venues. But Mississippi is viewed in the industry as a somewhat untapped market — statewide mobile isn’t legal, so betting is limited to on site.
| Month | Number of Regions | Total Handle | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|
| Aug-18 | (3 Regions) | $6,270,152 | 10.29% | $645,057 | $77,407 |
| Sep-18 | (3 Regions) | $31,770,270 | 17.32% | $5,503,793 | $660,455 |
| Oct-18 | (3 Regions) | $32,837,334 | 3.59% | $1,178,343 | $141,401 |
| Nov-18 | (3 Regions) | $44,499,883 | 3.76% | $1,674,250 | $200,910 |
| Dec-18 | (3 Regions) | $41,762,048 | 14.78% | $6,174,224 | $740,907 |
| Jan-19 | (3 Regions) | $35,190,774 | 7.94% | $2,793,238 | $335,189 |
| Feb-19 | (3 Regions) | $25,148,135 | 10.96% | $2,756,439.00 | $330,773 |
| Mar-19 | (3 Regions) | $32,421,264 | 15.11% | $4,898,726 | $587,847 |
| Apr-19 | (3 Regions) | $19,188,763 | 10.72% | $2,057,834 | $246,940 |
| May-19 | (3 Regions) | $17,438,288 | 6.84% | $1,191,967 | $143,036 |
| Jun-19 | (3 Regions) | $15,190,666 | 10.70% | $1,625,113 | $195,014 |
| Jul-19 | (3 Regions) | $13,383,383 | 7.87% | $1,053,776 | $126,453 |
| Aug-19 | (3 Regions) | $19,876,370 | 14.51% | $2,884,348 | $346,122 |
| Sep-19 | (3 Regions) | $37,870,989 | 14.87% | $5,631,583 | $675,790 |
| Oct-19 | (3 Regions) | $48,019,481 | 25.60% | $12,295,357 | $1,475,443 |
| Nov-19 | (3 Regions) | $56,369,036 | 6.71% | $3,784,071 | $454,089 |
| Dec-19 | (3 Regions) | $49,076,433 | 7.09% | $3,478,919 | $417,470 |
| Jan-20 | (3 Regions) | $45,190,371 | 10.26% | $4,637,966 | $556,555 |
| Feb-20 | (3 Regions) | $34,462,822 | 6.11% | $2,105,780 | $252,694 |
| Mar-20 | (3 Regions) | $10,749,403 | 6.03% | $648,647 | $77,838 |
| April-20 | (3 Regions) | $0 | 0.00% | $0.00 | $0.00 |
| May-20 | (3 Regions) | $236,503 | 37.08% | $87,697 | $10,524 |
| June-20 | (3 Regions) | $1,575,858 | -3.95% | -$62,230 | $0.00 |
| July-20 | (3 Regions) | $7,916,669 | 16.87% | $1,335,763 | $160,292 |
| Aug-20 | (3 Regions) | $40,489,135 | 9.26% | $3,748,732 | $449,848 |
| Sep-20 | (3 Regions) | $52,220,289 | 12.64% | $6,598,931 | $791,872 |
| Oct-20 | (3 Regions) | $61,192,425 | 14.33% | $8,769,600 | $1,052,352 |
| Nov-20 | (3 Regions) | $54,443,370 | 14.89% | $8,108,102 | $972,972 |
| Dec-20 | (3 Regions) | $55,298,807 | 14.04% | $7,762,542 | $931,505 |
| Jan-21 | (3 Regions) | $67,707,628 | 13.46% | $9,114,483 | $1,093,738 |
| Feb-21 | (3 Regions) | $47,807,574 | 9.64% | $4,606,840 | $552,821 |
| Mar-21 | (3 Regions) | $50,546,886 | 10.36% | $5,237,031 | $628,444 |
| Total: | $1,056,151,010 | 11.58% | $122,326,922 | $14,686,701 |
- Date legalized: Immediately upon PASPA getting struck down, based on state’s pre-existing laws.
- Mississippi legal retail sportsbooks first launched: Aug. 1, 2018
- Mississippi legal mobile sportsbooks first launched: Not applicable — no statewide mobile
- Regulator: Mississippi Gaming Commission
- Biggest monthly handle to date: $67,707,628 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: 29
- Number of online sportsbooks operating: None – law permits wagering only on casino premises
- Tax rate on sportsbook operators: 12% on gross revenue
Montana sport betting totals
Montana market snapshot
Run by the Montana Lottery, sports betting has been in available since March 2020. Sports wagering was made legal in March 2019 with the passage of House Bill 725 — the Sports Wagering Lottery Amendment Act of 2019 — which established the state lottery as the sole operator for sports betting. Though sports betting can be done via smartphone, bettors must be on-site at a lottery location in order to place wagers through Sports Bet Montana. People, though, can use the app to set up their accounts — which includes depositing and withdrawing funds, setting bet limits and preparing bet slips. The Montana Lottery sports betting platform is powered by Intralot.
| Date | Casinos | Handle | Hold | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|
| Mar-20 | 1 | $8,051 | 38.04% | $3,063 | - |
| Apr-20 | 1 | $434 | -63.36% | -$275 | $0 |
| May-20 | 1 | $113,283 | 25.56% | $28,953 | - |
| Jun-20 | 1 | $346,600 | 16.66% | $57,753 | - |
| Jul-20 | 1 | $1,554,924 | 7.73% | $120,177 | - |
| Aug-20 | 1 | $2,606,465 | 9.74% | $253,747 | - |
| Sep-20 | 1 | $2,452,738 | 13.08% | $320,800 | - |
| Oct-20 | 1 | $2,935,271 | 14.94% | $438,364 | - |
| Nov-20 | 1 | $2,813,968 | 20.36% | $573,018 | - |
| Dec-20 | 1 | $4,947,596 | 13.24% | $655,169 | - |
| Jan-21 | 1 | $5,799,090 | 12.80% | $742,008 | - |
| Feb-21 | 1 | $3,854,628 | 12.87% | $495,957 | - |
| Mar-21 | 1 | $4,093,444 | 14.36% | $587,916 | |
| TOTALS | 1 | $31,526,492 | 13.57% | $4,276,650 | $4,276,925 |
- Date legalized: March 2019.
- Montana legal retail sportsbooks first launched: March 1, 2020
- Montana legal mobile sportsbooks first launched: March 2020
- Regulator: Montana Lottery
- Biggest monthly handle to date: $5,799,090 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: Over 1,800 retail lottery locations
- Number of online sportsbooks operating: 1 – Sports Bet Montana, which operate only at retail lottery locations.
- Tax rate on sportsbook operators: N/A.
Nevada sport betting totals
Nevada market snapshot
Nevada has had legal sports betting since 1949, but lags behind more recent entries by requiring in-person registration for mobile accounts. Blame this on hospitality — many large resorts house sportsbooks and want to see patrons walk through the door and spend money on food or other gaming while registering for an account. New Jersey topped Nevada in handle just in May 2019, less than one year after New Jersey sportsbooks took their first bets. New Jersey has remote registration, and mobile handle accounts for more than 80% of the total.
| Month | Number of Sportsbooks (Number Online) | Total Handle | Mobile Handle (Reporting began in Jan. 2020) | Mobile Handle % | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|---|
| Jun-18 | 189 | $286,548,295 | - | - | 7.04% | $20,173,000 | $1,361,678 |
| Jul-18 | 191 | $244,638,554 | - | - | 1.66% | $4,061,000 | $274,118 |
| Aug-18 | 191 | $247,622,789 | - | - | 5.09% | $12,604,000 | $850,770 |
| Sep-18 | 190 | $571,034,482 | - | - | 9.86% | $56,304,000 | $3,800,520 |
| Oct-18 | 191 | $528,568,873 | - | - | 5.59% | $29,547,000 | $1,994,423 |
| Nov-18 | 192 | $581,070,664 | - | - | 4.67% | $27,136,000 | $1,831,680 |
| Dec-18 | 193 | $561,859,873 | - | - | 7.85% | $44,106,000 | $2,977,155 |
| Jan-19 | 195 | $497,482,992 | - | - | 2.94% | $14,626,000 | $987,255 |
| Feb-19 | 193 | $458,591,549 | - | - | 7.81% | $35,816,000 | $2,417,580 |
| Mar-19 | 192 | $596,752,294 | - | - | 5.45% | $32,523,000 | $2,195,303 |
| Apr-19 | 192 | $328,121,212 | - | - | 6.60% | $21,656,000 | $1,461,780 |
| May-19 | 191 | $317,380,282 | - | - | 3.55% | $11,267,000 | $760,523 |
| Jun-19 | 191 | $322,077,670 | - | - | 5.15% | $16,587,000 | $1,119,623 |
| Jul-19 | 191 | $235,659,955 | - | - | 4.47% | $10,534,000 | $711,045 |
| Aug-19 | 191 | $287,757,296 | - | - | 6.51% | $18,733,000 | $1,264,478 |
| Sep-19 | 187 | $546,358,867 | - | - | 9.22% | $52,068,000 | $3,514,590 |
| Oct-19 | 191 | $543,552,781 | - | - | 8.81% | $47,887,000 | $3,232,373 |
| Nov-19 | 191 | $614,118,812 | - | - | 5.05% | $31,013,000 | $2,093,378 |
| Dec-19 | 191 | $571,179,245 | - | - | 6.36% | 36,327,000 | $2,452,073 |
| Jan-20 | 191 (15) | $502,543,631 | $245,820,568 | 48.92% | 4.01% | $20,152,000 | $1,360,260 |
| Feb-20 | 191 (15) | $491,782,946 | $218,722,466 | 44.58% | 7.74% | $38,064,000 | $2,569,320 |
| Mar-20 | 191 (15) | $141,165,049 | $88,927,738 | 63.00% | 1.03% | $1,454,000 | $98,145 |
| Apr-20* | 191 (15) | - | - | - | - | - | - |
| May-20* | 191 (15) | ||||||
| June-20 | 185 (15) | $77,903,226 | $61,747,312 | 79.26% | -0.62% | -$483,000 | $0 |
| July-20 | 183 (15) | $163,506,494 | $112,898,833 | 69.05% | 3.85% | $6,295,000 | $424,913 |
| Aug-20 | 190 (15) | $474,469,273 | $305,194,444 | 64.32% | 3.58% | $16,986,000 | $1,146,555 |
| Sep-20 | 190 (15) | $575,069,930 | $315,472,779 | 54.86% | 5.72% | $32,894,000 | $2,220,345 |
| Oct-20 | 191 (15) | $659,222,395 | $376,842,105 | 57.16% | 6.43% | $42,388,000 | $2,861,190 |
| Nov-20 | 188 (14) | $609,536,489 | $343,947,368 | 56.43% | 10.14% | $61,807,000 | $4,171,973 |
| Dec-20 | 180 (14) | $588,014,493 | $352,182,663 | 59.89% | 6.90% | $40,573,000 | $2,738,678 |
| Jan-21 | 180 (14) | $646,679,012 | $363,679,245 | 56.24% | 8.10% | $52,381,000 | $3,535,718 |
| Feb-21 | 180 (14) | $553,843,478 | $316,346,749 | 57.12% | 5.75% | $31,846,000 | $2,149,605 |
| Mar-21 | 180 (14) | $640,781,759 | $385,125,448 | 60.10% | 6.14% | $39,344,000 | $2,655,720 |
| *Nevada regulators redacted April and May 2020 sports betting numbers | - | - | - | - | - | - | |
| Total | $14,464,894,660 | $3,486,907,718 | 56.93% | 6.27% | $906,669,000 | $61,232,767 |
*Note: Because NV only started reporting mobile handle figures in Jan. 2020, the “mobile %” column indicates the percentage since such reporting began, not a percentage of the lifetime total handle since June ’18.
- Date legalized: 1949
- Nevada legal retail sportsbooks first launched: In 1975, Jackie Gaughan opened the first sportsbook inside a casino at the Union Plaza in 1975, per Las Vegas Advisor.
- Nevada legal mobile sportsbooks first launched: 2010 via smartphone, but dating back to 2001 via intranet
- Regulator: Nevada Gaming Control Board
- Biggest monthly handle to date: $659,222,395 (Oct. ’20)
- Number of brick-and-mortar sportsbooks operating: 188
- Leading sportsbooks (revenue and/or handle): William Hill, Westgate Las Vegas SuperBook
- Tax rate on sportsbook operators: 6.75%
New Hampshire sports betting totals
New Hampshire market snapshot
New Hampshire legalized sports betting and appeared headed toward offering an open, competitive marketplace, as the enabling legislation permits up to 10 unique online sportsbooks. However, after the request-for-proposal phase, the New Hampshire Lottery opted to give DraftKings Sportsbook a monopoly on both retail and mobile sports betting. DraftKings offered the state a sweet deal on tax revenue to get the monopoly, but bettors now only have a single option. DraftKings launched its mobile app in late December 2019, and handle reached a high of $22 million before sports went on hiatus due to the COVID-19 crisis. The state collects a hefty 51% of gross gaming revenue as part of a deal for DraftKings to be the only operator in the state.
| Month | Number of Casinos (Number Online) | Total Handle | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|
| Dec-19 | 1 (1) | $360,726 | 100.00% | 12.41% | $44,759 | $19,403 |
| Jan-20 | 1 (1) | $16,834,974 | 100.00% | 9.76% | $1,643,793 | $713,311 |
| Feb-20 | 1 (1) | $22,130,928 | 100.00% | 6.14% | $1,359,395 | $613,679 |
| Mar-20 | 1 (1) | $8,768,769 | 100.00% | 9.34% | $818,605 | $394,229 |
| Apr-20 | 1 (1) | $3,774,688 | 100.00% | 6.95% | $262,393 | $126,090 |
| May-20 | 1 (1) | $7,180,450 | 100.00% | 5.92% | $424,947 | $187,743 |
| June-20 | 1 (1) | $8,138,722 | 100.00% | 8.49% | $691,103 | $313,156 |
| July-20 | 1 (1) | $11,623,208 | 100.00% | 10.92% | $1,268,688 | $602,156 |
| Aug-20 | 2 (1) | $27,496,050 | 95.95% | 4.97% | $1,366,338 | $596,720 |
| Sep-20 | 2 (1) | $41,373,620 | 88.38% | 5.54% | $2,290,364 | $990,885 |
| Oct-20 | 2 (1) | $47,055,486 | 85.47% | 8.93% | $4,203,875 | $2,001,597 |
| Nov-20 | 2 (1) | $46,523,447 | 83.58% | 10.25% | $4,770,459 | $2,323,843 |
| Dec-20 | 2 (1) | $51,649,897 | 84.58% | 8.79% | $4,537,653 | $2,137,406 |
| Jan-21 | 2 (1) | $59,795,433 | 82.68% | 7.02% | $4,197,029 | $1,886,506 |
| Feb-21 | 2 (1) | $50,995,349 | 84.27% | 3.51% | $1,787,930 | $769,387 |
| Mar-21 | 2 (1) | $55,800,096 | 79.64% | 7.62% | $4,254,732 | $1,925,260 |
| Total | $459,501,843 | 87.36% | 7.38% | $33,922,063 | $15,601,371 |
- Date legalized: July 12, 2019
- New Hampshire B&M sportsbooks launched: September 2020
- New Hampshire legal mobile sportsbook first launched: Dec. 30, 2019
- Regulator: New Hampshire Lottery
- Biggest monthly handle to date: $59,795,433 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: 2
- Number of online sportsbooks operating: 1 — (DraftKings currently has agreement granting it exclusivity)
- Tax rate on sportsbook operator: Revenue sharing arrangement gives the state 51% of DraftKings’ gross revenue.
New Jersey sports betting totals
Every other “legal” state owes a debt of gratitude to New Jersey, which led the fight against PASPA and finally claimed victory in 2018. Very quickly after the Supreme Court ruling, New Jersey passed its new law formally legalizing sports betting and establishing rules and regulations. New Jersey’s open, competitive market has proved a huge success and a model for other states. After only two years, the Garden State has established itself as a friendly rival to Nevada in both market size and sportsbook innovation. New Jersey sportsbook lounges are open at many Atlantic City casinos, while the most popular sportsbook is a FanDuel lounge at the Meadowlands Racetrack adjacent to MetLife Stadium, about eight miles from New York City.
| Month | Total Handle | Mobile Handle Dollars | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|
| Jun-18 | $16,409,619 | $0.00 | 0.00% | 21.08% | $3,458,668 | $293,987 |
| Jul-18 | $40,682,237 | $0.00 | 0.00% | 9.42% | $3,831,141 | $328,556 |
| Aug-18 | $95,634,048 | $21,714,157 | 22.71% | 9.60% | $9,182,943 | $921,702 |
| Sep-18 | $183,948,404 | $104,885,673 | 57.02% | 13.03% | $23,961,038 | $2,603,059 |
| Oct-18 | $260,711,301 | $174,369,684 | 66.89% | 4.48% | $11,686,119 | $1,382,026 |
| Nov-18 | $330,748,563 | $238,615,611 | 72.14% | 6.42% | $21,243,865 | $2,464,169 |
| Dec-18 | $319,173,548 | $241,043,289 | 75.52% | 6.52% | $20,814,222 | $2,421,726 |
| Jan-19 | $385,279,662 | $304,973,986 | 79.16% | 4.87% | $18,774,940 | $2,294,556 |
| Feb-19 | $320,368,087 | $258,871,597 | 80.80% | 3.97% | $12,732,240 | $1,662,144 |
| Mar-19 | $372,451,342 | $298,282,154 | 80.09% | 8.50% | $31,669,387 | $3,702,001 |
| Apr-19 | $313,719,562 | $253,976,244 | 80.96% | 6.76% | $21,215,747 | $2,551,688 |
| May-19 | $318,940,677 | $263,552,319 | 82.63% | 4.87% | $15,536,384 | $1,940,502 |
| Jun-19 | $273,222,975 | $226,702,566 | 82.97% | 3.55% | $9,701,925 | $1,142,871 |
| Jul-19 | $251,371,272 | $213,038,739 | 84.75% | 7.11% | $17,884,790 | $2,140,116 |
| Aug-19 | $293,594,862 | $249,237,590 | 84.89% | 8.59% | $25,210,342 | $3,010,078 |
| Sep-19 | $445,563,503 | $374,246,343 | 83.99% | 8.50% | $37,883,375 | $4,539,335 |
| Oct-19 | $487,924,504 | $416,964,519 | 85.46% | 9.51% | $46,393,537 | $5,664,718 |
| Nov-19 | $562,675,543 | $486,784,645 | 86.51% | 5.85% | $32,895,546 | $4,046,505 |
| Dec-19 | $557,786,161 | $488,931,379 | 87.66% | 5.28% | $29,424,884 | $3,740,893 |
| Jan-20 | $540,113,452 | $471,149,117 | 87.23% | 9.92% | $53,561,626 | $6,591,383 |
| Feb-20 | $494,813,807 | $436,492,186 | 88.21% | 3.44% | $17,000,928 | $2,248,435 |
| Mar-20 | $181,908,529 | $163,449,027 | 89.85% | 7.25% | $13,181,101 | $1,732,276 |
| Apr-20 | $54,593,092 | $54,593,092 | 100.00% | 4.82% | $2,634,050 | $356,726 |
| May-20 | $117,821,281 | $117,821,281 | 100.00% | 8.41% | $9,912,062 | $1,303,244 |
| June-20 | $165,014,553 | $165,014,553 | 100.00% | 7.63% | $12,630,292 | $1,652,950 |
| July-20 | $315,118,105 | $295,804,327 | 93.87% | 9.38% | $29,552,167 | $3,671,891 |
| Aug-20 | $667,979,150 | $601,942,486 | 90.11% | 5.91% | $39,507,181 | $4,919,340 |
| Sep-20 | $748,588,349 | $678,745,374 | 90.67% | 6.02% | $45,083,178 | $5,604,501 |
| Oct-20 | $803,096,172 | $743,899,049 | 92.60% | 7.29% | $58,508,647 | $7,440,873 |
| Nov-20 | $931,620,415 | $872,076,040 | 93.61% | 5.43% | $50,554,535 | $6,233,822 |
| Dec-20 | $996,300,794 | $929,331,841 | 93.28% | 6.66% | $66,386,516 | $8,269,676 |
| Jan-21 | $958,717,526 | $886,656,470 | 92.48% | 8.62% | $82,640,979 | $10,362,389 |
| Feb-21 | $742,953,328 | $689,249,156 | 92.77% | 6.22% | $46,213,864 | $5,800,343 |
| Mar-21 | $859,617,961 | $780,145,392 | 90.75% | 7.07% | $60,755,472 | $7,746,512 |
| Total | $14,408,462,364 | $12,502,559,886 | 86.77% | 6.81% | $981,623,691 | $120,784,993 |
New Jersey market snapshot
- Date legalized: June 11, 2018
- New Jersey legal retail sportsbooks first launched: June 14, 2018
- New Jersey legal mobile sportsbooks first launched: Aug. 8, 2019
- Regulator: New Jersey Division of Gaming Enforcement (DGE)
- Biggest monthly handle to date: $996,300,794 (Dec. ’20)
- Number of brick-and-mortar sportsbooks operating: 12
- Number of online sportsbooks operating: 19
- Leading sportsbooks (revenue and/or handle): FanDuel Sportsbook, DraftKings Sportsbook
- Fun fact: As of June 2020, NJ is the only state so far that has more than 80 percent of its lifetime handle from mobile/online wagers.
- Tax rates on operators: 13% for online, 8.5% for land-based betting revenue
New York sports betting totals
It’s complicated. An economic/gaming law passed in 2013 preemptively approved land-based sportsbooks at upstate casinos. Lawmakers have made repeated efforts to pass a new law allowing mobile/online betting, however Gov. Andrew Cuomo and some officials have maintained that a ballot referendum is required to permit online sports betting, owing to language in the state constitution. Lawmakers have explored workarounds connected to the state budget. It’s a work in progress. It’s inevitable, but ultimately, online sports betting may not arrive in New York until 2022-2023.
| Month | Number of Casinos (Number Online) | Estimated Total Handle* | Estimate hold Percentage* | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|
| Jul-19 | 2 (0) | $5,853,735 | 5.97% | $349,468 | $34,947 |
| Aug-19 | 4 (0) | $10,658,327 | 7.77% | $828,152 | $82,815 |
| Sep-19 | 4 (0) | $23,022,833 | 9.97% | $2,283,865 | $228,387 |
| Oct-19 | 4 (0) | $22,094,892 | 9.75% | $2,233,227 | $223,323 |
| Nov-19 | 4 (0) | $23,362,429 | 5.60% | $1,308,296 | $130,830 |
| Dec-19 | 4 (0) | $13,502,042 | 5.78% | $780,418 | $78,042 |
| Jan-20 | 4 (0) | $26,804,841 | 7.25% | $1,943,351 | $194,335 |
| Feb-20 | 4 (0) | $3,904,196 | -4.60% | -$179,593 | -$17,959 |
| Mar-20 | 4 (0) | $1,799,530 | 5.53% | $99,514 | $9,951 |
| Apr-20 | 4 (0) | $0 | 0.00% | $0 | $0 |
| May-20 | 4 (0) | $0 | 0.00% | $0 | $0 |
| Jun-20 | 4 (0) | $0 | 0.00% | $0 | $0 |
| Jul-20 | 4 (0) | $0 | 0.00% | $0 | $0 |
| Aug-20 | 4 (0) | $0 | 0.00% | $0 | $0 |
| Sep-20 | 4 (0) | $28,434,826 | 4.94% | $1,403,543 | $140,354 |
| Oct-20 | 4 (0) | $31,838,155 | 8.24% | $2,623,464 | $262,346 |
| Nov-20 | 4 (0) | $30,320,324 | 8.64% | $2,619,676 | $261,968 |
| Dec-20 | 4 (0) | $31,198,494 | 7.24% | $2,258,771 | $225,877 |
| Jan-21 | 4 (0) | $40,020,796 | 8.92% | $3,569,855 | $356,986 |
| Feb-21 | 4 (0) | $22,350,310 | 5.16% | $1,153,276 | $115,328 |
| Mar-21 | 4 (0) | $26,465,228 | 6.97% | $1,845,685 | $184,569 |
| *Estimated hold is national hold percentage in legal markets | |||||
| *Estimated handle is revenue multiplied by 100 and divided by win rate | |||||
| Total: | $342,440,958 | 7.34% | $25,120,968 | $2,530,058 |
Note: The New York state sports betting totals reflect only the four commercial casinos operating retail sportsbooks. The three tribal-run casinos operating retail sportsbooks are not required to report figures to the NYS Gaming Commission.
New York market snapshot
- Legalization date: Sportsbook lounges at upstate casinos were preemptively legalized in 2013; rules and regulations were created post-PASPA
- New York legal retail sportsbooks first launched: July 16, 2019
- New York legal mobile sportsbooks first launched: Not yet legal/applicable
- Regulator: New York State Gaming Commission
- Biggest monthly revenue to date: $3,569,855 (Jan. ’21).
- Note: The NYS Gaming Department does not provide monthly handle.
- Number of brick-and-mortar sportsbooks operating: 7 (four commercial and three tribal)
- Number of online sportsbooks operating: 0
- Tax rate on sportsbook operators: 10% on land-based revenue
Oregon sports betting totals
Oregonians can bet on professional sports online via the Lottery’s ScoreBoard app or in person at the Chinook Winds casino sportsbooks. Oregon was one of four states that were grandfathered in under PASPA to have sports betting, and the Lottery took advantage by developing ScoreBoard, which was its first foray into an online business. The tribe that owns the Chinook Winds Casino was allowed to reopen its compact with the state to add sports betting, but not all tribes are in the same situation. There is no tax rate on sports betting in Oregon, per se, as the Lottery is a state-run venture and states cannot “tax” tribal gaming.
| Month | Number of Casinos (Number Online) | Total Handle | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|
| Oct-19 | 1 (1) | $5,605,244 | 100% | 3.93% | $220,396 | - |
| Nov-19 | 1 (1) | $17,115,416 | 100% | 5.61% | $960,714 | - |
| Dec-19 | 1 (1) | $22,551,453 | 100% | 7.73% | $1,743,231 | - |
| Jan-20 | 1 (1) | $21,151,604 | 100% | 8.39% | $1,773,757 | - |
| Feb-20 | 1 (1) | $20,899,825 | 100% | 7.09% | $1,481,197 | - |
| Mar-20 | 1 (1) | $9,007,860 | 100% | 10.41% | $937,750 | - |
| Apr-20 | 1 (1) | $4,430,648 | 100% | 8.86% | $392,767 | |
| May-20 | 1 (1) | $7,290,190 | 100% | 8.20% | $598,061 | |
| June-20 | 1 (1) | $7,921,864 | 100% | 9.82% | $777,903 | |
| July-20 | 1 (1) | $14,042,425 | 100% | 7.14% | $1,003,037 | |
| Aug-20 | 1 (1) | $25,845,403 | 100% | 6.43% | $1,662,406 | |
| Sept-20 | 1 (1) | $26,174,303 | 100% | 5.83% | $1,527,243 | |
| Oct-20 | 1 (1) | $29,455,228 | 100% | 9.34% | $2,751,147 | |
| Nov-20 | 1 (1) | $25,039,884 | 100% | 16.44% | $4,116,314 | |
| Dec-20 | 1 (1) | $26,987,303 | 100% | 11.30% | $3,050,785 | |
| Jan-21 | 1 (1) | $34,935,891 | 100% | 11.08% | $3,872,604 | |
| Feb-21 | 1 (1) | $29,600,150 | 100% | 9.07% | $2,684,777 | |
| Mar-21 | 1 (1) | $24,054,960 | 100% | 5.71% | $1,374,377 | |
| Total | $352,109,651 | 100% | 8.78% | $30,928,466 |
Oregon market snapshot
Note: Sportsbook revenue returns to the Oregon Lottery and represent taxes; from this sum, the Lottery pays its sole supplier SB Tech a revenue share and certain fixed costs and access fee and payments to SB Tech’s suppliers, plus there are administrative costs. Ultimately it’s unclear how small a fraction the Lottery is deriving from the ScoreBoard proceeds.
- Legalization date: Immediately upon PASPA getting struck down, based on state’s existing laws.
- Oregon legal retail sportsbooks first launched: Aug. 27, 2019
- Oregon legal mobile sportsbooks first launched: Oct. 16, 2019
- Regulator: Oregon Lottery
- Biggest monthly handle to date: $34,935,891 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: 1 (with MGM recently announcing what will be a second in partnership with Spirit Mountain Casino)
- Number of online sportsbooks operating: 1
- Leading sportsbooks (revenue and/or handle): Oregon Lottery’s own app
- Tax rate on sportsbook operators: N/A
Pennsylvania sports betting totals
Pennsylvania was an early mover in terms of making sports betting legal — it did so nearly seven months before PASPA was overturned, but the road to offering live sports betting was long. At this point, Pennsylvania is among the nation’s more robust markets and and offers consumers multiple options both online and in person.
| Month | Number of Casino Sportsbooks (Number Online) | Total Handle | Mobile Handle Dollars | Mobile Handle Percentage | Hold Percentage (Pre/Post Promotional)*** | Sportsbook Revenue* | State Taxes** |
|---|---|---|---|---|---|---|---|
| Nov-18 | 1 (0 Mobile) | $1,414,587 | $0 | 0.00% | 35.98% | $508,997 | $173,059 |
| Dec-18 | 3 (0 Mobile) | $16,173,090 | $0 | 0.00% | 12.41% | $2,007,592 | $682,581 |
| Jan-19 | 6 (0 Mobile) | $32,011,839 | $0 | 0.00% | 8.14% | $2,607,215 | $886,453 |
| Feb-19 | 6 (0 Mobile) | $31,500,742 | $0 | 0.00% | 6.18% | $1,946,817 | $661,918 |
| Mar-19 | 8 (0 Mobile) | $44,527,575 | $0 | 0.00% | 12.40% | $5,519,340 | $1,876,576 |
| Apr-19 | 8 (0 Mobile) | $36,769,145 | $0 | 0.00% | 11.48% | $4,221,482 | $1,435,304 |
| May-19 | 8 (1 Mobile) | $35,934,215 | $573,163 | 1.60% | 7.96% | $2,861,852 | $973,030 |
| Jun-19 | 8 (3 Mobile) | $46,334,244 | $19,326,220 | 41.71% | 6.75%/4.44% | $2,056,819 | $699,319 |
| Jul-19 | 9 (4 Mobile) | $59,331,959 | $38,998,648 | 65.73% | 8.55%/4.81% | $2,852,137 | $969,727 |
| Aug-19 | 9 (4 Mobile) | $109,038,051 | $83,209,317 | 76.31% | 9.07%/5.61% | $6,115,016 | $2,079,106 |
| Sep-19 | 11 (5 Mobile) | $194,504,622 | $158,154,361 | 81.31% | 9.94%/7.65% | $14,888,872 | $5,062,216 |
| Oct-19 | 12 (5 Mobile) | $241,186,066 | $198,688,269 | 82.38% | 7.93%/6.20% | $14,948,249 | $5,082,405 |
| Nov-19 | 12 (7 Mobile) | $316,468,264 | $266,740,919 | 84.29% | 6.50%/4.65% | $14,720,686 | $5,005,033 |
| Dec-19 | 12 (8 Mobile) | $342,560,389 | $297,445,045 | 86.83% | 5.10%/3.32% | $11,374,482 | $3,867,324 |
| Jan-20 | 12 (8 Mobile) | $348,381,708 | $308,605,690 | 88.58% | 9.07%/6.56% | $22,841,192 | $7,766,005 |
| Feb-20 | 12 (9 Mobile) | $329,765,782 | $294,127,503 | 89.19% | 3.47%/1.43% | $4,722,252 | $1,605,566 |
| Mar-20 | 13 (9 Mobile) | $131,330,059 | $118,332,822 | 90.10% | 6.55%/5.25% | $6,889,255 | $2,342,347 |
| Apr-20 | 13 (9 Mobile) | $46,015,988 | $46,015,988 | 100.00% | 6.96%/6.27% | $2,883,471 | $980,380 |
| May-20 | 13 (9 Mobile) | $77,510,033 | $77,510,033 | 100.00% | 7.64%/6.23% | $4,828,989 | $1,641,586 |
| June-20 | 10 (9 Mobile) | $89,002,562 | $88,313,028 | 99.23% | 8.94%/7.48% | $6,660,158 | $2,264,454 |
| July-20 | 11 (9 Mobile) | $164,782,229 | $155,354,508 | 94.28% | 8.28%/4.94% | $8,147,480 | $2,770,143 |
| Aug-20 | 12 (9 Mobile) | $364,985,422 | $321,554,131 | 88.10% | 7.56%/5.01% | $18,274,075 | $6,213,186 |
| Sep-20 | 12 (9 Mobile) | $462,787,394 | $414,100,359 | 89.40% | 3.94%/1.35% | $6,269,883 | $2,131,760 |
| Oct-20 | 12 (10 Mobile) | $525,802,524 | $472,276,003 | 89.82% | 9.10%/6.99% | $36,776,926 | $12,504,155 |
| Nov-20 | 14 (10 Mobile) | $491,910,713 | $447,418,449 | 90.96% | 9.86%/7.59% | $37,350,246 | $12,699,084 |
| Dec-20 | 15 (12 Mobile) | $548,590,065 | $535,209,739 | 97.56% | 8.27%/6.21% | $34,059,539 | $11,580,243 |
| Jan-21 | 15 (12 Mobile) | $615,294,827 | $579,941,653 | 94.25% | 8.01%/5.52% | $33,970,396 | $11,549,935 |
| Feb-21 | 15 (12 Mobile) | $509,547,820 | $469,708,926 | 92.18% | 6.51%/3.21% | $16,379,807 | $5,569,135 |
| Mar-21 | 15 (12 Mobile) | $560,259,181 | $514,336,353 | 91.80% | 7.32%/5.24% | $29,352,345 | $9,979,797 |
| Total | $6,773,721,095 | $5,905,941,127 | 87.19% | 7.49%/5.26% | $356,035,570 | $121,052,097 |
Note 1: Pennsylvania’s hold is separated into pre-hold and post-hold based on available gross revenue totals compiled before promotions are taken into account.
Note 2: Pennsylvania’s taxable gross revenue is determined by post-promotion totals.
Note 3: Pennsylvania’s tax revenue does not include the 2% local tax assessment, it is 34% of post-promotion gross revenues.
Pennsylvania market snapshot
- Legalization date: Oct. 31, 2017
- Legal B&M sportsbooks first launched: Nov. 15, 2018
- Legal PA online/mobile sportsbooks first launched: May 31, 2019
- Regulator: Pennsylvania Gaming Control Board
- Biggest monthly handle to date: $615,294,827 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: 15
- Number of online sportsbooks operating: 12
- Leading sportsbooks (revenue and/or handle): FanDuel, BetRivers
- Tax rate on sportsbook operators: 34% plus 2% local tax.
Rhode Island sports betting totals
Rhode Island was quick to legalize sports betting after PASPA fell, but there’s no competition in the market — the state Lottery is the regulator and has a monopoly. Sports betting is available in person at two casinos, and online through a William Hill-run platform associated with both Twin River and Tiverton casino. The deal for the casinos is that they pay the state 51% of gross gaming revenue, while the state provides more support and equipment than regulators do in other states. Essentially, the casinos and online books are Lottery outposts.
| Month | Number of Casinos (Number Online) | Total Handle | Mobile Handle | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes |
|---|---|---|---|---|---|---|---|
| Nov-18 | 1 (0 Mobile) | $682,714 | 0 | 0 | 10.69% | $72,997 | $37,228 |
| Dec-18 | 2 (0 Mobile) | $13,087,999 | 0 | 0 | 7.32% | $957,913 | $488,536 |
| Jan-19 | 2 (0 Mobile) | $19,051,125 | 0 | 0 | 0.84% | $159,978 | $81,589 |
| Feb-19 | 2 (0 Mobile) | $20,686,618 | 0 | 0 | -4.31% | ($890,623) | $0 |
| Mar-19 | 2 (0 Mobile) | $23,582,716 | 0 | 0 | 6.57% | $1,548,230 | $789,597 |
| Apr-19 | 2 (0 Mobile) | $16,859,818 | 0 | 0 | 11.69% | $1,970,110 | $1,004,756 |
| May-19 | 2 (0 Mobile) | $18,900,152 | 0 | 0 | 4.76% | $899,165 | $458,574 |
| Jun-19 | 2 (0 Mobile) | $14,736,667 | 0 | 0 | 14.59% | $2,149,999 | $1,096,499 |
| Jul-19 | 2 (0 Mobile) | $8,321,947 | 0 | 0 | 9.94% | $827,579 | $422,065 |
| Aug-19 | 2 (0 Mobile) | $10,060,066 | 0 | 0 | 8.47% | $851,788 | $434,412 |
| Sep-19 | 2 (1 Mobile) | $22,195,789 | $3,292,636 | 14.83% | 11.34% | $2,516,060 | $1,283,190 |
| Oct-19 | 2 (1 Mobile) | $28,281,025 | $5,862,603 | 20.73% | 8.69% | $2,457,137 | $1,253,139 |
| Nov-19 | 2 (1 Mobile) | $31,465,062 | $8,353,409 | 26.55% | 8.73% | $2,745,518 | $1,400,214 |
| Dec-19 | 2 (1 Mobile) | $31,670,511 | $8,751,004 | 27.63% | 8.12% | $2,571,755 | $1,311,595 |
| Jan-20 | 2 (1 Mobile) | $26,939,692 | $7,798,844 | 28.94% | 12.17% | $3,279,241 | $1,672,413 |
| Feb-20 | 2 (1 Mobile) | $28,147,862 | $8,465,930 | 30.07% | 8.25% | $2,323,432 | $1,184,950 |
| Mar-20 | 2 (1 Mobile) | $8,949,157 | $3,064,736 | 34.24% | 9.40% | $841,767 | $429,301 |
| Apr-20 | 2 (1 Mobile) | $591,377 | $589,260 | 99.64% | 4.63% | $27,381 | $13,964 |
| May-20 | 2 (1 Mobile) | $1,533,114 | $1,530,671 | 99.84% | 10.66% | $163,472 | $83,371 |
| June-20 | 2 (1 Mobile) | $2,032,803 | $2,100,736 | 4.98% | $101,328 | $51,677 | |
| July-20 | 2 (1 Mobile) | $6,738,626 | $4,402,795 | 65.34% | 5.22% | $351,425 | $179,227 |
| Aug-20 | 2 (1 Mobile) | $23,116,965 | $10,436,956 | 45.15% | 6.16% | $1,423,391 | $725,929 |
| Sep-20 | 2 (1 Mobile) | $31,293,150 | $14,091,055 | 45.03% | 7.52% | $2,352,788 | $1,199,922 |
| Oct-20 | 2 (1 Mobile) | $34,704,413 | $15,369,112 | 44.29% | 12.65% | $4,388,841 | $2,238,809 |
| Nov-20 | 2 (1 Mobile) | $35,098,445 | $15,699,743 | 44.73% | 17.90% | $6,281,321 | $3,203,474 |
| Dec-20 | 2 (1 Mobile) | $22,770,472 | $18,339,059 | 80.54% | 11.12% | $2,533,090 | $1,291,876 |
| Jan-21 | 2 (1 Mobile) | $39,817,327 | $21,885,438 | 54.96% | 9.34% | $3,717,200 | $1,895,772 |
| Feb-21 | 2 (1 Mobile) | $34,110,104 | $17,819,685 | 52.24% | 4.56% | $1,555,824 | $793,470 |
| Mar-21 | 2 (1 Mobile) | $38,583,919 | $21,209,577 | 54.97% | 10.31% | $3,976,140 | $2,027,831 |
| Totals | $594,009,635 | $189,063,249 | 31.83% | 8.78% | $52,154,247 | $27,052,880 |
Note: Rhode Island’s cumulative mobile handle percentage is based on total dollars (retail and mobile) wagered in legal markets.
Rhode Island market snapshot
- Legalization date: June 22, 2018
- Legal B&M sportsbooks first launched: Nov. 26, 2018
- Legal mobile sportsbooks first launched: Sept. 4, 2019
- Regulator: Rhode Island Lottery
- Biggest monthly handle to date: $39,817,327 (Jan. ’21)
- Number of B&M sportsbooks operating: 2
- Number of online sportsbooks operating: 1 (William Hill-powered app)
- Tax rate on sportsbook operators: Rhode Island uses a revenue-sharing model that splits revenue between state (51%), tech supplier IGT (32%) and oddsmaker/risk-manager William Hill (17%).
Tennessee sports betting totals
Tennessee market snapshot
Tennessee is the first, and so far, only state to offer exclusively on-line sports wagering. Sports betting became law in May 2019 when Gov. Bill Lee opted not to sign the Sports Gaming Act after it had been approved by legislature. Rick Staples had pre-filed House Bill 1 in November 2018, and it successfully navigated both bodies of legislature in the Volunteer State. Given its unprecedented status as an online-only market, the Tennessee Education Lottery Corporation took a deliberate pace in crafting its sports wagering rules. One unique rule is that sportsbooks must retain at least 10% of the hold in the form of revenue on an annual basis or be subject to fine. The Volunteer State went live with four operators on Nov. 1, 2020, with one of them — TN Action 24/7 — a local outfit that operates exclusively inside Tennessee’s borders.
| Month | Number of Operators | Handle | Hold | Revenue | Taxes |
|---|---|---|---|---|---|
| Nov-20 | 4 | $130,809,000 | 10.06% | $12,577,000 | $2,363,918 |
| Dec-20 | 4 | $180,968,000 | 7.68% | $13,931,000 | $3,080,000 |
| Jan-21 | 4 | $211,316,000 | 10.32% | $20,868,000 | $4,300,000 |
| Feb-21 | 5 | $176,300,000 | 7.37% | $13,000,000 | $2,600,000 |
| Mar-21 | 7 | $205,900,000 | 8.74% | $18,000,000 | $3,200,000 |
| TOTALS | $905,293,000 | 8.66% | $78,376,000 | $15,543,918 |
- Legalization date: April 2019
- Tennessee legal retail sportsbooks first launched: N/A
- Tennessee legal mobile sportsbooks first launched: Nov. 1, 2020
- Regulator: Tennessee Education Lottery Corporation
- Biggest monthly handle to date: $211,300,000 (Jan. ’21)
- Number of brick-and-mortar sportsbooks operating: N/A
- Number of online sportsbooks operating: 4
- Tax rate on sportsbook operators: 20%
Virginia sports betting totals
Virginis market snapshot
Virginia put together a fairly quick timeline in moving from legalized sports betting in March 2020 to accepting its first wagers in January 2021. It joined Tennessee as the lone states to conduct digital-only sports betting as three operators went live during the first month of the year. In its initial revenue report, Virginia showed promise with upside as it generated nearly $59 million in handle in just 11 days — and two of those operators were accepting wagers for only eight. With more players entering for February, there looks to be robust competition for lovers in Virginia who also love betting.
| Month | Handle | Hold | Sportsbook Revenue | Taxes Collected |
|---|---|---|---|---|
| Jan-21 | $58,896,564 | 6.09% | $3,586,077 | $39,710 |
| TOTALS | $58,896,564 | 6.09% | $3,586,077 | $39,710 |
- Legalization date: April 22, 2020
- Virginia legal retail sportsbooks first launched: N/A
- Virginia legal mobile sportsbooks first launched: Jan. 21, 2021
- Regulator: Virginia Lottery
- Biggest monthly handle to date: $265,778,306 (Feb. ’21)
- Number of brick-and-mortar sportsbooks operating: N/A
- Number of online sportsbooks operating: 5 (with more to come)
- Tax rate on sportsbook operators: 15%
West Virginia sports betting totals
West Virginia market snapshot
West Virginia is another state that legalized in anticipation of the fall of PASPA, but it did so with lots of plot twists and intrigue. Gov. Jim Justice is a part-owner of The Greenbrier Resort, which hosts a PGA Tournament and now offers retail and digital sports betting. Justice pushed for a payout (“integrity fee“) to the leagues to no avail. The state’s first digital sportsbook went live in December 2018, only to be shut down ahead of March Madness in 2019 due to a contract dispute. After the rocky start, three mobile books are currently operating.
| Month | Total Handle | Mobile Handle | Mobile Handle Percentage | Hold Percentage | Sportsbook Revenue | State Taxes Collected |
|---|---|---|---|---|---|---|
| Sep-18 | $7,322,255 | - | 0.00% | 29.08% | $2,129,236 | $180,985 |
| Oct-18 | $9,735,875 | - | 0.00% | 10.38% | $1,010,246 | $85,871 |
| Nov-18 | $12,610,479 | - | 0.00% | 5.09% | $641,583 | $54,535 |
| Dec-18 | $16,757,253 | - | 0.00% | 16.51% | $2,766,944 | $235,190 |
| Jan-19 | $17,808,457 | - | 0.00% | 4.50% | $802,167 | $68,184 |
| Feb-19 | $17,434,692 | - | 0.00% | 2.13% | $371,277 | $31,558 |
| Mar-19 | $17,648,634 | - | 0.00% | 13.27% | $2,341,399 | $199,019 |
| Apr-19 | $10,334,722 | - | 0.00% | 5.37% | $554,881 | $47,165 |
| May-19 | $8,667,939 | - | 0.00% | 7.10% | $615,153 | $52,288 |
| Jun-19 | $9,671,070 | - | 0.00% | 7.25% | $701,140 | $59,597 |
| Jul-19 | $5,851,318 | - | 0.00% | 11.66% | $682,214 | $57,988 |
| Aug-19 | $12,656,911 | - | 6.52% | 12.24% | $1,549,585 | $131,715 |
| Sept 19 | $25,620,077 | $9,064,093 | 36.67% | 14.66% | $3,755,760 | $319,240 |
| Oct-19 | $28,971,261 | $12,674,866 | 43.75% | 15.79% | $4,573,240 | $388,725 |
| Nov-19 | $41,019,717 | $20,136,031 | 49.09% | 2.13% | $872,645 | $74,175 |
| Dec-19 | $30,342,333 | $13,975,747 | 46.06% | 7.66% | $2,322,914 | $197,448 |
| Jan-20 | $35,398,397 | $19,738,097 | 55.76% | 6.22% | $2,203,189 | $187,271 |
| Feb-20 | $48,474,168 | $32,314,731 | 66.66% | 1.69% | $821,614 | $69,837 |
| Mar-20 | 14,705,300 | $10,232,154 | 69.58% | 7.49% | $1,101,387 | $93,623 |
| April-20 | 1,901,698 | $1,901,698 | 100.00% | 6.54% | 124,416 | $10,575 |
| May-20 | $6,035,532 | $6,035,532 | 100.00% | 9.47% | $571,831 | $48,606 |
| June-20 | $6,338,619 | $5,742,051 | 90.59% | 8.96% | $567,836 | $48,266 |
| July-20 | $10,384,818 | $7,791,115 | 75.02% | 11.68% | $1,212,678 | $103,078 |
| Aug-20 | $45,897,001 | $34,490,068 | 75.14% | 5.09% | $2,337,229 | $198,664 |
| Sep-20 | $64,433,459 | $50,982,780 | 79.12% | 6.39% | $4,119,540 | $350,161 |
| Oct-20 | $57,150,986 | $34,914,446 | 61.09% | 7.40% | $4,227,050 | $359,299 |
| Nov-20 | $48,532,442 | $28,410,229 | 58.54% | 9.08% | $4,407,576 | $374,644 |
| Dec-20 | $53,236,336 | $32,801,905 | 61.62% | 8.94% | $4,761,108 | $404,694 |
| Jan-21 | $67,598,350 | $42,896,627 | 63.45% | 8.40% | $5,681,382 | $482,917 |
| Feb-21 | $38,213,775 | $27,092,651 | 70.90% | 10.28% | $3,927,551 | $333,841 |
| Mar-21 | $42,751,230 | $32,279,319 | 75.51% | 9.10% | $3,889,447 | $330,603 |
| Total | $813,505,104 | $424,299,786 | - | 8.07% | $65,644,217 | $5,579,672 |
- Legalization date: March 2, 2018
- West Virginia legal retail sportsbooks first launched: Aug. 30, 2018
- West Virginia legal mobile sportsbooks first launched: Aug. 26, 2019
- Regulator: West Virginia Lottery
- Biggest monthly handle to date: $67,598,350 (Jan. 21)
- Number of brick-and-mortar sportsbooks operating: 5
- Number of online sportsbooks operating: 4
- Tax rate on sportsbook operators: 10%
