Maine sports betting handle reaches $37.6m in first legal month

The Maine Gambling Control Unit has published its November figures from the state’s first month of legal sports betting, showing handle of $37.6m and an adjusted gross revenue (AGR) of $4.6m. The state has two sports betting operators, DraftKings (partnered with the Passamaquoddy Tribe) and Caesars Sportsbook (partnered with the Maliseet, Mi’kmaq and Penobscot Tribes).

Wagering began in the state on November 3, and DraftKings has come out on top with $30.5m of the total handle and $4.3m of the AGR for the month. The total tax paid back to the state was $464,152, to which DraftKings also contributed $425,913.

Ohio, Massachusetts, Nebraska and Kentucky also launched sports betting in 2023, with Florida’s launch scheduled to occur later this month.

Ohio made $208.9m in revenue during its first month (January 2023) and topped $1.1bn in handle; Massachusetts generated $47.1m in revenue once it had launched both retail and mobile wagering (March 2023); Nebraska’s two retail sports betting locations made $385,174 (October 2023); and Kentucky has not published its monthly revenue, but achieved a handle of $250m in its first legal month (September 2023).

Maine divides the AGR from sports wagering into deposits for several state programs: including 6.5% to the General Fund, 1% to the Gambling Addiction Prevention and Treatment Fund, 0.55% to the State Harness Racing Commission, 0.55% to the Sire Stakes Fund and 0.4% to the Agricultural Fair Promotion Fund.

Retail sports betting venues in Maine have said they will be ready to launch in December or January. And temporary supplier licenses have also now been granted to both Sportradar and Genius Sports in the state.

Stephanie Feeley

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