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 legal 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.
  • Taxes/state revenue: 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: July 15, 2020

StateHandleRevenueHoldTaxes/State Revenue
Total$22,421,332,106$1,550,188,0236.9%$212,446,565
Arkansas$ -$ ---$ -
Colorado$25,621,762$2,565,72910.0%$96,538
Delaware$270,183,974$37,465,34413.9%$24,284,741
Illinois$ -$ ---$ -
Indiana$962,475,566$78,521,7188.2%$7,459,564
Iowa$368,006,911$25,717,1157.0%$1,788,200
Michigan$ -$105,548--$8,866
Mississippi$618,528,202$67,044,89810.8%$8,052,855
Montana$ -$ ---$ -
Nevada$9,473,134,055$582,639,0006.15%$39,328,133
New Hampshire$59,050,515$4,553,8927.7%$2,054,455
New Jersey$7,384,470,584$502,277,6806.8%$65,943,196
New Mexico$ -$ ---$ -
New York$ -$9,646,708--$964,671
Oregon$108,052,060$8,107,8737.5%$ -
Pennsylvania$2,440,758,358$174,988,8997.2%$46,366,097
Rhode Island$325,743,410$25,472,8977.8%$12,991,177
West Virginia$385,306,709$31,080,7228.1%$3,108,072

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.

 HandleRevenueHoldTaxes
Total$7,384,470,584$502,277,6806.8%$65,943,196
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
November 2019$562,675,543$32,895,5465.9%$4,460,461
December 2019$557,786,161$29,424,8845.3%$4,016,635
January 2020$540,113,452$53,561,6269.9%$7,328,175
February 2020$494,813,807$17,000,9283.4%$2,377,923
March 2020$181,908,529$13,181,1017.2%$1,732,276
April 2020$54,593,092$2,634,0504.8%$356,726
May 2020$117,821,281$9,912,0628.4%$1,303,244
June 2020$165,014,553$12,639,2827.7%$1,652,950

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.

 HandleRevenueHoldTaxes
Total$2,440,758,358$174,988,8997.2%$46,366,097
November 2018$1,414,587$508,99736.0%$183,239
December 2018$16,173,090$2,007,59212.4%$722,733
January 2019$32,011,839$2,607,2158.1%$938,597
February 2019$31,500,742$1,946,8176.2%$700,854
March 2019$44,527,575$5,519,34012.4%$1,986,962
April 2019$36,769,145$4,221,48211.5%$1,519,734
May 2019$35,934,215$2,861,8528.0%$1,030,267
June 2019$46,334,244$3,126,3806.8%$740,455
July 2019$59,331,959$5,079,6338.6%$1,026,769
August 2019$109,038,051$9,887,7389.1%$2,201,406
September 2019$194,504,622$19,334,8169.9%$5,359,994
October 2019$241,186,066$19,116,7777.9%$5,381,370
November 2019$316,468,264$20,570,7726.5%$5,299,447
December 2019$342,560,389$17,459,0915.1%$4,094,813
January 2020$348,381,708$31,580,8039.1%$8,222,829
February 2020$329,765,782$11,432,0973.5%$1,700,0911
March 2020$131,330,059$8,606,1206.6%$2,480,132
April 2020$46,015,988$3,202,6807.0%$1,038,050
May 2020$77,510,033$5,918,6977.6%$1,738,436

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 for football betting available at lottery retailers. There is no mobile betting although state law allows for it.

Delaware’s monthly reporting schedule ends on the last Sunday of every month. For exact month-end dates, see the breakdown at the Delaware Lottery website.

 Total handleTotal revenueCombined holdState revenue
Total$270,183,974$37,465,34413.9%$24,284,741
June 2018$7,003,725$875,21612.5%$437,609
July 2018$8,214,765$461,2265.6%$230,614
August 2018$8,018,354$822,73710.3%$457,984
September 2018$23,257,965$5,971,96125.7%$4,118,974
October 2018$21,231,427$1,640,5937.7%$1,299,481
November 2018$24,206,090$1,608,3376.6%$998,477
December 2018$23,419,539$4,272,22118.2%$2,989,387
January 2019$14,130,069$2,094,84014.8%$1,311,863
February 2019$8,709,205($475,771)-5.5%($438,047)
March 2019$10,483,128$1,643,04315.7%$821,072
April 2019$6,088,183$614,83910.1%$307,046
May 2019$5,920,766$405,2956.8%$202,247
June 2019$6,325,464$466,0187.4%$232,733
July 2019$3,920,974$507,19912.9%$253,516
August 2019$4,745,747$493,10610.4%$241,770
September 2019$18,781,406$4,425,64023.6%$3,123,828
October 2019$16,066,023$3,388,77621.1%$2,358,625
November 2019$16,850,854$3,014,64817.9%$2,167,507
December 2019$20,466,561$2,972,11814.5%$2,032,440
January 2020$11,187,011$1,995,98017.8%$1,190,481
February 2020$7,279,650($303,120)-4.2%($337,668)
March 2020$3,877,068$570,44214.7%$284,802

Delaware revenue here.

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.

There was no sports betting activity in April 2020 as casinos were closed because of the coronavirus pandemic.

 HandleRevenueHoldTaxes
Total$618,528,202$67,044,89810.8%$8,052,855
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
November 2019$56,369,036$3,784,0716.7%$454,088
December 2019$49,076,433$3,478,9197.1%$417,470
January 2020$45,190,371$4,637,96710.3%$556,556
February 2020$34,462,821$2,105,7806.1%$252,694
March 2020$10,749,403$648,6476.0%$77,838
April 2020N/AN/AN/AN/A
May 2020$236,503$87,69737.1%$10,524
June 2020$1,575,859-$62,231-4.0%N/A

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.

 HandleRevenueHoldTaxes
Total$9,473,134,055$582,639,0006.15%$39,328,133
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
November 2019$614,118,812$31,013,0005.05%$2,093,378
December 2019$571,179,245$36,327,0006.36%$2,452,073
January 2020$502,543,641$20,152,0004.01%$1,360,260
February 2020$489,105,725$38,064,0007.78%$2,569,320
March 2020$141,108,201$1,455,0001.03%$98,213

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 Revenue
Total $325,743,410$25,472,8977.8%$12,991,177
November 2018$682,714$72,99710.7%$37,228
December 2018$13,087,999$957,9137.3%$488,536
January 2019$19,051,125$159,9780.8%$81,589
February 2019$20,686,618-$890,623-4.3%-$454,218
March 2019$23,582,716$1,548,2306.6%$789,597
April 2019$16,859,818$1,970,11011.7%$1,004,756
May 2019$18,900,152$899,1654.8%$458,574
June 2019$14,736,667$2,149,99914.6%$1,096,499
July 2019$8,321,947$827,5799.9%$422,065
August 2019$10,060,066$851,7888.5%$434,412
September 2019$22,195,789$2,516,05911.3%$1,283,190
October 2019$28,281,024$2,457,1368.7%$1,253,139
November 2019$31,465,062$2,745,5188.7%$1,400,214
December 2019$31,670,511$2,571,7558.1%$1,311,595
January 2020$26,939,692$3,279,24112.2%$1,672,413
February 2020$28,147,862$2,323,4328.3%$1,184,950
March 2020$8,949,157$841,7679.4%$429,301
April 2020$591,377$27,3814.6%$13,964
May 2020$1,533,114$163,47210.7%$83,371

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 were problems at first. 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 returned in August 2020.

West Virginia reports results on a weekly basis, so results for some months may include days from other months. Visit the West Virginia Lottery’s website for a breakdown of specific reporting dates.

 Total handleTotal revenueHoldTaxes
Total$385,306,709$31,080,7228.2%$3,108,072
September 2018$7,322,255$2,129,23529.1%$212,924
October 2018$9,735,874$1,010,24610.4%$101,025
November 2018$16,045,602$1,161,3757.2%$116,138
December 2018$13,322,131$2,247,15216.9%$224,715
January 2019$22,431,187$1,746,2337.8%$174,623
February 2019$16,609,597$171,0891.0%$17,109
March 2019$13,850,999$1,597,52111.5%$159,752
April 2019$10,334,722$554,8805.4%$55,488
May 2019$10,704,030$937,0658.8%$93,707
June 2019$7,634,979$379,2285.0%$37,923
July 2019$5,851,318$682,21311.7%$68,221
August 2019$12,656,911$1,549,58512.2%$154,959
September 2019$25,620,078$3,755,76014.7%$375,576
October 2019$37,022,626$3,156,8308.5%$315,683
November 2019$32,968,353$2,289,0566.9%$228,906
December 2019$30,342,334$2,322,9157.7%$232,292
January 2020$44,253,798$3,651,2738.3%$365,127
February 2020$39,618,767-$626,470-1.6%-$62,647
March 2020$14,705,300$1,101,4547.5%$110,145
April 2020$2,965,302$155,0585.2%$15,506
May 2020$4,971,928$541,18810.9%$54,119
June 2020$6,338,618$567,8369.0%$56,784

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.

 HandleRevenueHoldTaxes
Total$ -$9,646,708--$964,671
July 2019$ -$349,468--$34,947
August 2019$ -$828,152--$82,815
September 2019$ -$2,283,865--$228,387
October 2019$ -$2,233,227--$223,323
November 2019$ -$1,308,296--$130,830
December 2019$ - $780,418--$78,042
January 2020$ -$1,943,361--$194,336
February 2020$ --$179,593----
March 2020$ -$99,514--$9,951

Iowa sports betting

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

 HandleRevenueHoldTaxes
Total$368,006,911$25,717,1157.0%$1,788,200
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
November 2019$59,344,806$3,599,7506.1%$242,983
December 2019$59,258,838$2,904,2574.9%$196,037
January 2020$58,027,141$3,234,7945.6%$218,349
February 2020$56,920,783$755,3341.3%$50,985
March 2020$19,576,985$1,171,1646.0%$79,171
April 2020$1,568,497$150,3319.6%$9,502
May 2020$6,976,637$501,0627.2%$32,111
June 2020$12,711,201$620,7404.9%$42,033

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.

MonthHandleRevenueHoldTaxes
Total$962,475,566$78,521,7188.2%$7,459,564
September 2019$35,215,416$8,558,97424.3%$813,103
October 2019$91,697,393$11,538,53312.6%$1,096,161
November 2019$147,276,912$10,593,3217.2%$1,006,365
December 2019$161,808,924$12,068,1147.5%$1,146,471
January 2020$171,049,250$12,223,2227.1%$1,161,206
February 2020$187,186,221$10,381,9545.5%$986,286
March 2020$74,818,802$5,495,6407.3%$522,085
April 2020$26,304,128$1,559,8845.9%$148,189
May 2020$37,334,940$3,179,9688.5%$302,097
June 2020$29,783,580$2,922,1089.8%$277,601

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 Revenue (est.)
Total$108,052,060$8,107,8737.5%$ -
October 2019$5,605,244$220,3963.9%$ -
November 2019$17,115,416$960,7145.6%$ -
December 2019$22,551,453$1,743,2317.7%$ -
January 2020$21,151,604$1,773,7578.4%$ -
February 2020$20,899,825$1,481,1977.1%$ -
March 2020$9,007,680$937,75010.4%$ -
April 2020$4,430,648$392,7678.9%$ -
May 2020$7,290,190$598,0618.2%$ -

New Hampshire sports betting

New Hampshire sports betting launched in late December 2019 through its DraftKings Sportsbook mobile app.

DraftKings Sportsbook can also open retail locations throughout the state. Intralot will eventually launch sports betting through the New Hampshire Lottery.

 HandleRevenueHoldState share
Total$59,050,515$4,553,8927.7%$2,054,455
December 2019$360,726$44,75912.4%$19,403
January 2020$16,834,974$1,643,7939.8%$713,311
February 2020$22,130,928$1,359,3956.1%$613,679
March 2020$8,768,769$818,6059.3%$394,229
April 2020$3,774,668$262,3937.0%$126,090
May 2020$7,180,450$424,9475.9%$187,743

Michigan sports betting

Michigan sports betting launched in March 2020, right before sports leagues began to shut down because of the coronavirus pandemic.

The state did not release handle with its first report but said it would consider releasing it in the future.

 HandleRevenueHoldTaxes
Total$ -$105,548--$8,866
March 2020$ -$105,548--$8,866

Michigan revenue here.

Colorado sports betting

Colorado sports betting launched May 1, 2020 in the middle of the coronavirus pandemic.

Net sports betting proceeds, which is revenue minus excise taxes paid and free bets, are taxed at 10%.

 HandleRevenueHoldTaxes
Total$25,621,762$2,565,72910.0%$96,538
May 2020$25,621,762$2,565,72910.0%$96,538

Colorado revenue here.

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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