DraftKings, FanDuel combine for bulk of January Kentucky sports betting revenue
DraftKings earned the highest share of online Kentucky sports betting handle in January. Its $92.5 million in online bets were good for 37.6% of monthly wagers.
The FanDuel app earned 34.6% with $85.1 million in January handle. In all, KY sports betting apps took in $246.1 million in January bets.
The latest data from the Kentucky Horse Racing Commission shows Caesars Sportsbook ($21.8 million) was the only other app to handle more than $16 million for the month.
FanDuel ($15.3 million) and DraftKings ($13.6 million) combined for nearly 80% of the $36.4 million online revenue total.
Illinois sportsbooks begin year with record revenue
Illinois sportsbooks cleared $129.5 million in January revenue, the highest monthly total ever in the state.
According to figures from the Illinois Gaming Board, IL sports betting apps produced nearly 98% of statewide revenue, combining for $126.3 million to begin the year. Overall revenue jumped 46% year-over-year as well.
FanDuel produced $57.6 million in online revenue, good for 46% of the market. DraftKings earned 34% of online revenue with $42.5 million for the month.
The six other Illinois sports betting apps combined for the remaining $26.2 million in statewide revenue for the month.
Arizona sports betting begins year with handle milestone
Arizona sports betting handled over $700 million in January.
It marks the second time bettors have reached that milestone since AZ sports betting launched in September 2021.
ESPN Bet secured a 7% share of online Arizona sports betting handle in January. The app has seen the fifth-highest volume each of the last two months, behind FanDuel, DraftKings, BetMGM, and Caesars.
Colorado sports betting opens 2024 with record revenue
Colorado sportsbooks cleared record-high revenue in January with $53.5 million.
With record revenue comes a record-high tax payment, as the state collected $4.1 million from operators to begin the year.
Bettors staked $596.7 million during the month, up 9% from the start of 2023. Basketball, as has been the case for Colorado sports betting apps, was the most popular play for bettors in January.
Revenue jumps as Ohio sports betting apps begin second year
Ohio sports betting apps went over $100 million in monthly revenue in January. It is the first time operators cleared nine figures since their initial launch in January last year.
Total revenue reached $113.2 million to begin 2024.
FanDuel led all OH sports betting apps with $53 million in winnings, good for 48% of the online market. DraftKings earned 31% with $34 million in January revenue.
Bet365 continues to stick in the top end of the Ohio sports betting market. The UK giant claimed the third most online revenue with $6.3 million.
Total online sports betting handle in Ohio reached $786.8 million.
Promotional spending to begin the year dropped significantly. Operators offered $40 million in January bet credits. Last January, when the OH sports betting market launched, apps unloaded $319.5 million in bonus play.
Nevada sports betting revenue sees boost to begin year
Nevada sports betting handle dropped more than 16% to begin the year, continuing a 2023 trend of lower overall volume.
Bettors staked just shy of $783 million in January, down from $935.8 million to start 2023.
Despite the drop in handle, NV sportsbooks boosted revenue to $64.7 million, third most all-time in the Silver State.
Tourists boost Vermont sports betting financials
Vermont sports betting handle eclipsed $19.9 million in its first 20 days, according to data from the Vermont Department of Liquor and Lottery.
The three licensed operators, FanDuel, DraftKings and Fanatics, combined for $3.6 million in revenue.
Out-of-state bettors made up 40% of the more than 52,400 active players in state. With an average bet size over $37, visitors to the Green Mountain State staked 36% of VT sports betting handle in January.
In-state bettors averaged close to $18 per bet in January.
Michigan sportsbooks hit handle milestone for second consecutive month
Michigan sports betting topped $600 million in monthly handle for the second consecutive month in January.
FanDuel began the year with betting volume approaching $214 million, good for 37% of the online market. The app produced $26.7 million in online revenue before deductions.
DraftKings won $10.9 million from online bettors in January. The DraftKings app saw $166.8 million in bets for the month.
ESPN Bet continued its theme of reduced promotional spending in January. It generated $1.1 million in MI sports betting revenue off $52.2 million in handle. After deductions, the Penn Entertainment-operated app showed a loss of more than $1 million.
NJ sportsbooks continue run of billion dollar handle months
NJ sports betting kicked off 2024 with record handle and revenue.
Bettors staked $1.72 billion in January. It is the fifth consecutive month of billion-dollar handle in the Garden State.
NJ sportsbooks cleared $170.8 million for the month. It is a noticeable increase over the $72.3 million generated to begin 2023.
The licensee trio of FanDuel, PointsBet and SuperBook under the Meadowlands Racetrack banner took down $109.3 million in January revenue. It was the most ever in NJ sports betting history.
FanDuel continues PA sports betting handle streak in January
FanDuel set a new personal best for monthly online PA sports betting revenue in January.
It cleared $54.7 million during the month. FanDuel’s $370.7 million in online handle marked four consecutive months of online volume above $325 million.
ESPN Bet rolled back its PA sports betting promo spend in January. The app offered $1.9 million in bonus bets, down from $8 million the month before.
Still, the bonuses outweighed the revenue. ESPN Bet cleared $1.6 million from $74.9 million in online January play.
MA sports betting apps clear record revenue in January
MA sports betting reached record revenue in January.
Massachusetts sportsbooks cleared $72.7 million for the month.
Record revenue means a record tax payment to the Bay State, too. Operators padded state coffers with $14.2 million to begin the year.
Parlays make up most of January Indiana sports betting handle
Parlays made up 56% of Indiana sports betting handle in January.
Bettors staked $269.9 million on the combo wagers.
Total handle for the month reached $480.6 million, with IN sports betting apps keeping $53.5 million.
PENN pulls back Maryland sports betting promos for ESPN Bet in January
PENN Entertainment scaled back its promotional spending for ESPN Bet in January, offering players $860,000 in Maryland sports betting bonus play to begin the year.
It is down from $5.8 million in December bet credits and $13 million during its November launch.
ESPN Bet accepted $35.9 million in online bets for the month.
FanDuel led all MD sports betting apps with $244.9 million in online January handle.
NY sports betting apps combine for record January revenue
NY sports betting apps accepted $1.96 billion in January bets.
It is the first month operators failed to reach $2 billion in handle since September 2023. However, they did combine for record revenue in January, clearing $211.5 million.
FanDuel claimed record revenue in January with $109.2 million. DraftKings also set a personal high in New York with $71 million in January revenue.
The pair combined for 85% of all NY sports betting revenue for the month.
