Vermont had a sports betting handle of $17.3 million for October, the Vermont Department of Liquor and Lottery has reported, up 4 percent from September and the state’s highest figure since March.
However, revenues fell significantly from more than $2 million in September to more than $1 million in October, a drop of more than 48 percent. Vermont launched sports betting in January, so there are no year-over-year comparisons.
The handles for the state’s most popular sport, football, fell from $6.9 million to $6.5 million. Meanwhile, baseball, soccer and tennis posted falls in handles, with soccer falling from the third-highest handle to the fifth. Baseball dropped from second to third. Basketball surged into the top five, replacing table tennis and attracting more than $2.1 million in bets, the second most of any sport. Meanwhile, all other sports increased handles from more than $3.9 million to $4.9 million.
Active users from in-state and out-of-state fell from 17,828 and 12,906 to 16,790 and 12,471, respectively. Still, the number of bets increased from 751,282 to 825,204.
