US Sports Betting Revenue 2019

Sports Betting Handle, Revenue and Hold

Single-game sports betting within the United States was only legal in Nevada until May 14, 2018. On that date, the SCOTUS struck down PASPA, effectively unlocking the legislative key for states that wished to legalize and regulate sports betting within their borders. In the months prior to that date, a handful of states had proactively passed legislation designed to go into effect or further mature if and when the PASPA was eradicated.

Delaware was the first state outside of Nevada to launch single-game sports betting on June 5, taking advantage of its status as an original  “grandfathered” state under PASPA. That allowed it to begin taking single-game wagers without any immediate further legislation. New Jersey soon followed, officially taking its first wager June 14.

A total of seven states had legal sports betting markets by the end of 2018. Several more are expected to launch in 2019. Below we take a look at the monthly sports betting handle and hold for each, along with the key facts to know in each market.

For a more in-depth breakdown of these numbers, visit LegalSportsReport.com.

Where is legal sports betting available in the U.S.?

Nevada 

Legalized land-based wagering: 1949
Legalized online/mobile wagering: 2010
Tax Rate: 6.75 percent for land-based sports betting revenue

MonthTotal HandleTotal Revenue/HoldHold %Story
January 2018$418.6 million$25.1 million6.0%Legal Sports Report
February 2018$411.7 million$10.7 million2.6%Legal Sports Report
March 2018$522 million$34.2 million6.6%Legal Sports Report
April 2018$316 million$16.3 million5.2%Legal Sports Report
May 2018 $315.5 million$20.5 million6.5%Legal Sports Report
June 2018$286.5 million$20.2 million7.1%Legal Sports Report
July 2018$244.6 million$4 million1.6%Legal Sports Report
August 2018$247.6 million$12.6 million5.1%Legal Sports Report
September 2018$571 million$56.3 million9.9%Legal Sports Report
October 2018$528 million$29.5 million5.6%Legal Sports Report
November 2018$581 million$27 million4.7%Legal Sports Report
December 2018$544 million$44 million7.9%Legal Sports Report
January 2019$497.5 million$14.6 million2.9%Legal Sports Report
February 2019$458.6 million$35.8 million7.8%Legal Sports Report
March 2019$596.8 million$32.5 million5.5%Legal Sports Report
April 2019$328.1 million$21.7 million6.6%Legal Sports Report
May 2019$317.4 million$11.3 million3.6%Legal Sports Report
June 2019$322.1 million$16.6 million5.2%Legal Sports Report
July 2019$235 million$10.5 million4.5%Legal Sports Report

Delaware

Legalized land-based wagering: Effectively May 14, 2018, the day of the SCOTUS decision that struck down PASPA.
Legalized online/mobile wagering: N/A
First wager taken: Tuesday, June 5, 2018 — Dover Downs Racetrack
Tax Rate: Revenue-sharing model

  • Scientific Games (central system, terminals, risk management)- Receive 12.5 percent of revenue
  • State– Receives 50 percent of revenue
  • Casinos– Receive 40 percent of revenue
  • Horse Racing Industry – Receives 10 percent of revenue as supplement for purses
Month*Total HandleTotal Revenue/HoldHold %Story
June 2018 $7 million$1 million14.3%Legal Sports Report
July 2018$8.2 million$527,1406.4%Legal Sports Report
August 2018$7.7 million$706,0009.2%Legal Sports Report
September 2018$16.8 million$3.15 million18.8%Legal Sports Report
October 2018$14.7 million$448,5783.5%
November 2018$16.3 million$1.3 million8.0%
December 2018$13.6 million$2.2 million16.2%
January 2019$12.7 million$1.59 million12.5%
February 2019$8.5 million$236,4482.8%
March 2019$9.3 million$1.7 million17.9%
April 2019$6.5 million$736,90611.3%
May 2019$5.5 million$431,1687.8%

*The Delaware lottery does not do its accounting on a calendar month basis.

New Jersey

Legalized land-based wagering: Gov. Phil Murphy signed A 4111 on June 11, 2018
Legalized online/mobile wagering: Mobile betting was legalized on July 18, 2018. DraftKings Sportsbook was the first to accept a legal online bet on Aug. 3.
First legal wager taken: Thursday, June 14, 2018 — Monmouth Park Racetrack
Tax Rate:

  • 8.5 percent for land-based sports betting revenue
  • 13.0 percent for casino-based online sports betting revenue
  • 14.25 percent for racetrack-based online sports betting revenue
MonthTotal HandleTotal Revenue/HoldHold %Story
June 2018$16.4 million$3.5 million21.3%Legal Sports Report
July 2018$40.7 million$3.8 million9.3%Legal Sports Report
August 2018$95.6 million$9.2 million9.6%Legal Sports Report
September 2018$184 million$23.9 million13.0%Legal Sports Report
October 2018$260.7 million$11.7 million4.5%Legal Sports Report
November 2018$330 million$21.2 million7.4%Legal Sports Report
December 2018$319 million$20.8 million6.5%Legal Sports Report
January 2019$385 million$18.8 million4.9%Legal Sports Report
February 2019$320.4 million$12.8 million4.0%Legal Sports Report
March 2019$372.5 million$31.7 million8.5%Legal Sports Report
April 2019$313.8 million$21.2 million6.8%Legal Sports Report
May 2019$318.9 million$15.5 million4.9%Legal Sports Report
June 2019$273.2 million$9.7 million3.6%Legal Sports Report
July 2019$251.4 million$17.9 million7.1%Legal Sports Report

Mississippi

Legalized land-based wagering: March 13, 2017 — Governor Phil Bryant signs Fantasy Contests Act, which included a provision to decriminalize sports betting. Official regulations approved June 21, 2018
Legalized online/mobile wagering: Same date, although online wagering will only be allowed on casino grounds.
Tax Rate: 12.0 percent of all sports betting revenue (8.0 percent to state, 4.0 percent to local municipalities)

MonthTotal HandleTotal Revenue/HoldHold %Story
August 2018$6.3 million$644,00010.2%Legal Sports Report
September 2018$31.7 million$5.5 million17.3%Legal Sports Report
October 2018$32.8 million$1.18 million3.6%
November 2018$44.5 million$1.67 million3.8%Legal Sports Report
December 2018$41.7 million$6.1 million14.6%Legal Sports Report
January 2019$35.2 million$2.8 million$7.9%
February 2019$25.1 million$2.8 million11.0%
March 2019$32.4 million$4.9 million15.1%
April 2019$19.2 million$2.1 million10.7%
May 2019$17.4 million$1.2 million6.8%
June 2019$15.2 million$1.6 million10.7%
July 2019$13.4 million$1.1 million7.9%

West Virginia

Legalized land-based wagering: March 9, 2018
Legalized online/mobile wagering: December 2018
License Fee: $100,000
Tax Rate: 10.0 percent of all sports betting revenue

MonthTotal HandleTotal Revenue/HoldHold %Story
September 2018$7.44 million$1.99 million26.8%
October 2018$10.2 million$594,0005.8%
November 2018$13.3 million$1.33 million10%
December 2018$42.6 million$5.5 million12.9%PlayWV
January 2019$19.7 million$1.4 million7.1%
February 2019$16.8 million$228,2851.4%
March 2019$15.3 million$1.8 million11.8%
April 2019$11.0 million$699,1846.4%
May 2019$9.4 million$719,0977.6%
June 2019$7.9 million$425,2155.4%
July 2019$6.9 million$694,93410%

Pennsylvania

Legalized land-based wagering: Oct. 30, 2017, when Governor Tom Wolf signed omnibus gaming bill
Legalized online/mobile wagering: Oct. 30, 2017 (launched May 28, 2019)
License Fee: $10 million
Tax Rate: 36.0 percent for land-based and online sports betting revenue

MonthTotal HandleTotal Revenue/HoldHold %Story
November 2018$1.41 million$508,99636%PlayPennsylvania
December 2018$16.17 million$2.0 million12.4%PlayPennsylvania
January 2019$32.0 million$2.6 million8.1%PlayPennsylvania
February 2019$31.5 million$1.9 million6.2%PlayPennsylvania
March 2019$44.5 million$5.5 million12.4%PlayPennsylvania
April 2019$36.9 million$4.2 million11.5%Legal Sports Report
May 2019$35.9 million$2.8 million8.0%PlayPennsylvania
June 2019$46.3 million$3.1 million6.8%PlayPennsylvania
July 2019$59.3 million$5.1 million8.6%Legal Sports Report

Rhode Island

Legalized land-based wagering: June 22, 2018 — Gov. Gina Raimondo signed into law as part of $9.6 billion budget plan
Legalized online/mobile wagering: N/A
Tax Rate: Revenue-sharing model

  • State– Receives 51 percent of revenue
  • Vendors– Receive 32 percent of revenue
  • Casinos – Receive 17 percent of revenue
MonthTotal HandleTotal Revenue/HoldHold %Story
November 2018$682,714$72,997$10.7%Legal Sports Report
December 2018$13.1 million$957,9137.3%
January 2019$19.0 million$159,9780.8%
February 2019$20.7 million-$890,623-4.3%
March 2019$23.6 million$1.5 million6.6%
April 2019$16.9 million$2.0 million11.7%
May 2019$18.9 million$899,1654.8%
June 2019$14.7 million$2.1 million14.6%

Arkansas

Legalized land-based wagering: November 2018 (voter referendum). Launched July 1, 2019.
Legalized online/mobile wagering: Mobile betting is only permitted on casino property as of July 1, 2019.
Tax Rate: 12.5% for retail sports betting revenue.

New York

Legalized land-based wagering: Sports betting at commercial casinos became legal in 2013. The first retail sportsbooks in NY launched in July 2019.
Legalized online/mobile wagering: N/A
Tax Rate: 8.5% for land-based wagering

States with potential in 2019

A number of states made progress during their respective 2018 legislative sessions on sports betting laws, but not enough to actually enact them. The next opportunity for those jurisdictions will come in 2019. A look at which states seem to be on track to have legalized sports betting within the next 12 months.

Recent Sports Betting News

Michigan Senator: Sports Betting, Online Casino Bills Almost A Done Deal, Will Be ‘Signed Before Christmas’

December 5, 2019

A Michigan Senator says that industry stakeholders and the governor have nearly reached a deal on sports betting and iGaming legislation. He expects the bills to have the governor's signature before Christmas.

The post Michigan Senator: Sports Betting, Online Casino Bills Almost A Done Deal, Will Be ‘Signed Before Christmas’ appeared first on Legal Sports Report.

2020 Vision: NY Sports Betting Still Trying To Phone Home

December 5, 2019

New York began regulating sports betting in 2019 but, without mobile wagering, revenues are highly disappointing. Will NY stop losing money to NJ in 2020?

The post 2020 Vision: NY Sports Betting Still Trying To Phone Home appeared first on Legal Sports Report.

Jack, Be Nimble: DC Sports Betting Sponsor About To Be Expelled From Council

December 3, 2019

Jack Evans wheeled and dealed his greasy DC sports betting contract through the district's council against most logic last year.

The post Jack, Be Nimble: DC Sports Betting Sponsor About To Be Expelled From Council appeared first on Legal Sports Report.