Missouri sportsbooks held 11.9% in May on handle of $259 million for revenue of $30 million.
Promotional outlays were $7 million. Missouri allows tax deductibility of as much as 25% of handle. Promotions declined from April, in which they represented 31% of revenue and 4% of handle.
Third-highest gross went to Bet365, which made $2.2 million on handle of $18.5 million, as it held at 12%. Fanatics Sportsbook grossed $2 million, realized off handle of $23.1 million. Fanatics’ hold was 8.8%.
BetMGM grossed $1.1 million on handle of US$16.7 million. Its hold was 6.8%. No other book grossed more than $1 million.
