Montana Lottery projecting biggest year yet for sports betting in fiscal year 2023

Montana Lottery projecting biggest year yet for sports betting in fiscal year 2023

Article brief provided by Daily Montanan
  • Keith Schubert, Daily Montanan
September 9, 2022 7:09 PM
  • Keith Schubert, Daily Montanan

Sportsbet Montana is expecting its most prominent year yet, with the Montana Lottery projecting that $47.17 million will be wagered in the state in the fiscal year 2023.

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If history is any indicator, the state is likely to come close to that number. In FY 2021, Montanans bet $43.25 million on sports, $15 million over projections, and in FY 2022, $44.98 million was bet, just short of the projected $45 million.

Daniel Iverson, content manager for the Montana Lottery, said the agency has been working to grow the product after a tumultuous launch in 2020 amidst the throes of the COVID-19 pandemic.