Maine sports betting nets $3.4 million in June revenue

July 9, 2024 7:48 PM
Photo: Shutterstock
  • Mia Doyle, Special to CDC Gaming Reports
July 9, 2024 7:48 PM
  • Mia Doyle, Special to CDC Gaming Reports

The Maine Gambling Control Unit has reported that the state’s two sports betting operators combined to collect more than $39.5 million in handle and $3.4 million in revenue in June.

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DraftKings, in partnership with the Passamaquoddy Tribe, reported a $33.2 million handle and $3 million in revenue. Meanwhile, Caesars, operated by the Penobscot, Maliseet and Micmac Tribes, collected $421,712 in revenue from a $6.3 million handle.

As Maine keeps 10 percent of adjusted gross receipts in tax, June’s figures resulted in $342,513 paid to the state, which goes toward gambling addiction prevention and treatment, agricultural fairs and other state-worthy causes.

Gov. Janet Mills signed sports betting into law in August 2022, but DraftKings and Caesars did not launch their Maine sportsbooks until November. While there are year-on-year revenue figures for comparison, June’s handle was the third-highest this year, behind May’s $39.9 million and March, where a record $47.6 million was wagered.

The Maine Gambling Control Unit also licenses daily fantasy sports, and in a report published for May revenues, DraftKings and FanDuel fantasy sports platforms generated revenues of $87,882 and $23,429, respectively.