Kentucky reports $2.39bn sports wagering handle for FY 2023/24

• Retail wagering was eclipsed by online by over $2bn 

• The release of this report marks Kentucky’s first ever full year financial period 

The Kentucky Horse Racing Commission (KHRC) has released its full year 2023/24 sports wagering figures for the period beginning September 2023 and ending August 2024, revealing a wagering handle of $2.39bn.  

Online sports wagering displayed a complete dominance over retail, as the report details a breakdown of $2.3bn wagered online, compared to a figure of £87m wagered on sports at retail locations in Kentucky. DraftKings took the most wagers and winnings for the online category, with figures hitting $895m and $792 respectively. However, FanDuel led the way in adjusted gross revenue (AGR), reporting $105.9m. With regard to retail, Kambi reported a figure of $49.8m wagered for the 12-month period.  

Figures released by the commission also confirm a total AGR figure of $272m for combined online and retail sports wagering in the Bluegrass State, which initially legalized sports betting in March 2023.

Turning towards the monthly figures, total spending rose by 17% to a figure of $151.4m in August compared to statistics from July – with online wagers reaching $147m. However, AGR fell by 22% from a figure of $15.1m in July to $11.8m in August.  

It has been a busy first full year of sports betting regulation for Kentucky, with players already having wagered $250m in the first six months of the market’s opening. Now, the Bluegrass State will turn over into its second year as we near the conclusion of 2024.  

Will Underwood

Visit Profile

Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.