Sports betting data from all regulated US markets
Legal Sports Report

US Sports Betting Revenue And Handle

US sports betting once only happened in Nevada. Now, as legal sports betting has expanded to more states starting in 2018, the amount of sports betting revenue generated in the country has increased dramatically.

Here’s a snapshot of the economics of sports betting in the United States.

US sports betting revenue: All states

Legal betting in the US started expanding after the 2018 Supreme Court decision striking down the federal ban outside Nevada.

Here’s a look at total handle, revenue, hold and tax revenue collected in each of the states that now have legal sports wagering:

  • Handle: Amount wagered over the time period.
  • Revenue: Amount of money kept by sportsbooks out of the amount wagered.
  • Hold %: How much revenue sportsbooks keep as a function of handle.
  • Tax revenue/state share: Taxes collected by state and local jurisdictions; or state share of proceeds in revenue-sharing markets.

The numbers reflect all reported numbers starting in June 2018 to date.

Last update: Dec. 9, 2019

StateHandleRevenueHoldTax/State share
New Jersey$4,709,744,166$331,099,9977.0%$43,301,452
New Mexico$ -$ ---$ -
New York$ -$5,694,712--$569,471
Rhode Island$196,446,635$13,520,3316.9%$6,895,369
West Virignia$209,142,308$21,078,51210.1%$2,107,851

New Jersey sports betting

NJ sports betting is the biggest outside Nevada. That performance is on the merits of its strong online betting presence: about 80% of all handle is generated through sportsbook apps and websites.

June 2018$16,409,619$3,458,66821.1%$337,077
July 2018$40,682,237$3,845,8809.5%$377,015
August 2018$95,634,048$9,198,2729.6%$1,038,073
September 2018$183,948,404$23,775,36612.9%$2,883,517
October 2018$260,711,301$11,686,1194.5%$1,536,282
November 2018$330,748,563$21,243,8656.4%$2,730,521
December 2018$319,173,548$20,814,2226.5%$2,695,290
January 2019$385,279,662$18,777,5824.9%$2,532,619
February 2019$320,368,087$12,732,7404.0%$1,817,553
March 2019$372,451,342$31,669,3878.5%$4,180,051
April 2019$313,719,562$21,215,7476.8%$2,817,206
May 2019$318,940,677$15,536,3844.9%$2,135,704
June 2019$273,222,975$9,701,9253.6%$1,258,541
July 2019$251,371,272$17,884,7907.1%$2,367,745
August 2019$293,594,862$25,210,3428.6%$3,327,589
September 2019$445,563,503$37,883,3758.5%$5,017,875
October 2019$487,924,504$46,393,5379.5%$5,662,148

NJ revenue here.

Pennsylvania sports betting

PA sports betting is poised to become one of the biggest markets in the near future. So far, the state has mostly relied on retail sportsbooks, but sportsbook apps started going live in May 2019, and should dramatically increase both handle and revenue.

The only hiccup is the high cost of doing business in the state: an effective tax rate of 36% and a $10 million licensing fee.

 HandleRevenueHoldState TaxLocal Tax
November 2018$1,414,587$508,99736.0%$173,059$10,180
December 2018$16,173,090$2,007,59212.4%$682,581$40,152
January 2019$32,011,839$2,607,2158.1%$886,453$52,144
February 2019$31,500,742$1,946,8176.2%$661,918$38,936
March 2019$44,527,575$5,519,34012.4%$1,876,576$110,387
April 2019$36,769,145$4,221,48211.5%$1,435,304$84,430
May 2019$35,934,215$2,861,8528.0%$973,030$57,237
June 2019$46,334,244$3,126,3806.8%$699,319$41,136
July 2019$59,331,959$5,079,6338.6%$969,727$57,043
August 2019$109,038,051$9,887,7389.1%$2,079,106$122,300
September 2019$194,504,622$19,334,8169.9%$5,062,216$297,777
October 2019$241,186,066$19,116,7777.9%$5,082,405$298,965

PA revenue here.

Delaware sports betting

Delaware sports betting was the first to go live outside Nevada in June 2018. Wagering only takes place at three state casinos, and parlay cards available at lottery retailers. There is no mobile betting although state law allows for it.

 HandleRevenueHoldState's share of revenue
June 2018$8,411,970$1,090,61013.0%$477,142
July 2018$7,358,080$494,4496.7%$216,321
August 2018$9,574,577$1,264,91413.2%$553,400
September 2018$14,425,723$3,089,17121.4%$1,351,512
October 2018$16,494,601$650,4133.9%$284,556
November 2018$16,933,581$1,498,8958.9%$655,766
December 2018$14,209,007$2,164,45015.2%$946,947
January 2019$12,726,242$1,588,74512.5%$695,076
February 2019$8,473,386$236,4482.8%$103,446
March 2019$9,285,056$1,664,29717.9%$728,130
April 2019$6,511,095$736,90611.3%$322,396
May 2019$6,401,492$507,3657.9%$221,972
June 2019$5,421,826$457,1808.4%$200,016
July 2019$4,394,498$641,73514.6%$280,759
August 2019$5,975,717$938,42615.7%$410,561
September 2019$10,153,756$2,115,93120.8%$925,720
October 2019 (partial)$9,277,782$1,913,78520.6%$837,281

Mississippi sports betting

Mississippi sports betting went live in 2018 at casinos around the state. There are now more than two dozen sportsbooks. Online sports betting is not available off the grounds of casinos.

August 2018$6,270,128$645,05710.3%$77,407
September 2018$31,770,270$5,503,79317.3%$660,455
October 2018$32,837,334$1,178,3433.6%$141,401
November 2018$44,499,883$1,674,2503.8%$200,910
December 2018$41,762,048$6,174,22414.8%$740,907
January 2019$35,190,774$2,793,2387.9%$335,189
February 2019$25,148,135$2,756,43911.0%$330,773
March 2019$32,421,264$4,898,72615.1%$587,847
April 2019$19,188,763$2,057,83410.7%$246,940
May 2019$17,438,288$1,191,9676.8%$143,036
June 2019$15,190,666$1,625,11310.7%$195,014
July 2019$13,383,383$1,053,7767.9%$126,453
August 2019$19,876,370$2,884,34814.5%$346,122
September 2019$37,870,989$5,631,58314.9%$675,790
October 2019$48,019,481$12,295,35725.6%$1,475,443

Mississippi revenue here.

Nevada sports betting

Nevada has had legal wagering for decades. Billions of dollars are wagered annually, generating hundreds of millions in revenue.

Here’s a look at Nevada sports betting handle and revenue since June 2018, the month that the first sportsbooks opened in other states.

Nevada has one of the lowest tax rates in the country.

 HandleRevenueHoldTax (6.75%)
June 2018$286,548,295$20,173,0007.04%$1,361,678
July 2018$244,638,554$4,061,0001.66%$274,118
August 2018$247,622,790$12,604,0005.09%$850,770
September 2018$571,034,483$56,304,0009.86%$3,800,520
October 2018$528,568,873$29,547,0005.59%$1,994,423
November 2018$581,070,664$ 27,136,0004.67%$1,831,680
December 2018$561,859,873$ 44,106,0007.85%$2,977,155
January 2019$497,482,993$14,626,0002.94%$987,255
February 2019$458,591,549$ 35,816,0007.81%$2,417,580
March 2019$596,752,294$32,523,0005.45%$2,195,303
April 2019$328,121,212$21,656,0006.60%$1,461,780
May 2019$317,380,282$11,267,0003.55%$760,523
June 2019$322,077,670$16,587,0005.15%$1,119,623
July 2019$235,659,955$10,534,0004.47%$711,045
August 2019$287,757,296$18,733,0006.51%$1,264,478
September 2019$546,358,867$52,068,0007.39%$3,514,590
October 2019$543,552,781$47,887,0008.81%$3,232,373

Nevada revenue here.

Rhode Island sports betting

RI sports betting started in late 2018, after the state legalized it earlier in the year. The state actually runs sports betting through a pair of casinos, and with the help of sportsbook company William Hill. RI gets a share of revenue, rather than taxing it.

Rhode Island did not launch with online betting, but a 2019 law authorized it. It should launch later in 2019.

 HandleRevenueHoldState's revenue share
November 2018682,714$72,99710.69%$37,228
December 2018$13,087,999$957,9137.32%$488,536
January 2019$19,051,125$159,9780.84%$81,589
February 2019$20,686,618-$890,623-4.31%-$454,218
March 2019$23,582,716$1,548,2306.57%$789,597
April 2019$16,859,818$1,970,11011.69%$1,004,756
May 2019$18,900,152$899,1654.76%$458,574
June 2019$14,736,667$2,149,99914.59%$1,096,499
July 2019$8,321,947$827,5799.94%$422,065
August 2019$10,060,066$851,7888.47%$434,412
September 2019$22,195,789$2,516,05911.34%$1,283,190
October 2019$28,281,024$2,457,1368.69%$1,253,139

RI revenue here.

West Virginia sports betting

WV sports betting went live in 2018, thanks to a law passed even before the federal ban was struck down.

The state has legalized online betting, too, but there have been problems. Delaware North, the only live operator, had to shut down. So too did two retail sportsbooks, leaving just three places to bet on sports in the state.

Sportsbook apps should start rolling out in 2019, and increase handle and revenue.

August 2018$305,192$196,945.0064.5%$19,695
September 2018$7,333,626$ ,967,318.1526.8%$196,732
October 2018$11,147,951$854,973.577.7%$85,497
November 2018$13,826,231$1,207,363.398.7%$120,736
December 2018$15,183,234$2,396,963.3815.8%$239,696
January 2019$19,740,035$1,400,944.337.1%$140,094
February 2019$16,845,338$228,285.871.4%$22,829
March 2019$15,276,806$1,837,732.4812.0%$183,773
April 2019$10,978,040$699,184.926.4%$69,918
May 2019$9,429,073$719,097.757.6%$71,910
June 2019$7,925,849$425,215.505.4%$42,522
July 2019$6,944,761$694,93410.0%$69,493
August 2019$11,563,468$1,536,86413.3%$153,686
September 2019$27,508,921$4,119,45715.0%$411,946
October 2019$32,833,393$3,197,8929.7%$319,789

WV revenue here.

New York sports betting

New York sports betting began in July 2019 at the upstate casinos. All four commercial properties have sportsbooks open for betting — as do a few tribal casinos — but the existing law does not make provision for statewide online/mobile wagering. As such, expectations for NY sports betting revenue should be mitigated.

NY revenue here.

Total$ -$5,694,712--$569,471
July 2019$ -$349,468--$34,947
August 2019$ -$828,152--$82,815
September 2019$ -$2,283,865--$228,387
October 2019$ -$2,233,227--$223,323

Iowa sports betting

Iowa sports betting began in August 2019 across both retail and online/mobile channels in tandem.

August 2019$8,756,246$2,161,68825.2%$145,914
September 2019$38,528,921$4,956,34712.9%$334,553
October 2019$46,500,443$5,658,24312.2%$381,931

Iowa revenue here.

Indiana sports betting

Indiana sports betting began in September 2019, with the first online/mobile apps rolling out about a month later.

September 2019$35,215,416$8,558,97424.3%$813,103
October 2019$91,697,393$11,538,53312.6%$1,096,161

Indiana revenue here.

Oregon sports betting

Oregon sports betting began with the tribes in August 2019. Shortly thereafter, the state lottery began offering its own online/mobile product. The reported data does not include tribal sports betting.

 HandleRevenueHoldState Share
October 2019$5,603,000$218,0003.9%$218,000

New Mexico sports betting

Some tribal casinos currently feature sportsbooks. However, revenue figures from these casinos are not currently available.

Arkansas sports betting

Arkansas sports betting began in July 2019. No revenue numbers have been reported yet.

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