Maine sports betting handle reaches $35.6 million in August

Friday, September 6, 2024 2:14 PM
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  • Mia Doyle, Special to CDC Gaming

The Maine Gambling Control Unit has reported that sports bettors wagered more than $35.6 million through the state’s two licensed operators in August, generating nearly $3.6 million in revenue.

August’s figures resulted in $355,567 in tax payments due to the state.

In partnership with the Passamaquoddy Tribe, DraftKings led the market with a $30.1 million handle, translating to $3.1 million in revenue. At the same time, Caesars, operated by the Penobscot, Maliseet and Micmac Tribes, reported a $5.5 million handle and earned $428,296 in revenue.

Because Maine legalized sports betting in November, no figures are available for a year-over-year comparison. However, compared month-on-month against July, handle was down around 16.7 percent. In July, Caesars and DraftKings combined for a handle of almost $42.8 million, the second-highest monthly handle. Revenue also fell around 41.1 percent from last month’s total of around $6 million.

September is expected to be a busy month for sports betting nationwide as the NFL season kicks off. The American Gaming Association projects that this year’s NFL could see a record $35 billion wagered across the United States, with three states having launched online betting since last season: Maine, Vermont and North Carolina.

Mia Doyle is a news writer for Major League Content, covering the latest stories across the casino and sports betting industry. Mia’s specialties include US gambling business, casino technology, and legislation news. Mia also likes to write about responsible gambling and social responsibility.