Live sports betting in Maine is nearing the completion of its first month, and revenue numbers are in line with predictions set leading up to its launch.
Through Nov. 29, covering 27 days, the state reported an income of $480,193.01 through the mobile sports betting market, coming from DraftKings and Caesars Sportsbook. Averaging out to just under $17,785 per day, that extends to over $6.49 million over 365 days; Gambling Control Unit Executive Director Milt Champion estimated in 2022 that sports wagering in Maine could earn the state between $3.8 million and $6 million per year.
While estimating yearly profits based on one month is tricky – fall months with football are busier than spring and summer months – the early returns are encouraging.
