Thanks to March Madness, the annual Men’s and Women’s NCAA Basketball Tournament, March was a record-setting month for sports betting in Maine.
According to Maine’s Gambling Control Unit, bettors wagered nearly $14 million more than they did in February, nearly $48 million in total, but the state actually made less money in tax revenue.
Maine went from taking in $425,000 in tax revenue in February to just $270,000 in March.
The chair of Maine’s gambling control board said the disparity comes from bettors winning more in March than they had in previous months.
