Kentucky posts $301.8m in November sports betting handle
The state opened its legal market more than a year ago.
Key Points
- Players bet $290.7m online
- Another $11m in bets were place at retail locations
The state of Kentucky has published its sports betting results from the month of November.
Last month, sports wagering statewide generated close to a $301.8m handle when combining online and retail bets, making over $300m for the first time.
In a breakdown of November’s handle, players wagered $290.7m online, while retail players placed $11m in bets during the month.
Good to know: The state opened its legal sports betting market in September 2023
DraftKings took in the largest amount of bets online during the month, with wagers reaching $112.4m. Other top-performing online operators included FanDuel with more than $100m in wagers and BetMGM, which took in $15.1m.
When it came to retail locations last month, Churchill Downs, in partnership with Kambi, brought in $3.6m in wagers, while Turfway Park and Red Mile generated $2.7m and $1.9m respectively.
During November, players walked away with nearly $255m in winnings. Online players took home $254.7m, while those who place bets at retail locations won another $10.3m.
Sports betting statewide brought in nearly $35.8m in revenue during the month of November. Kentucky sports wagering contributed close to $5m in state taxes.
Since the US Supreme Court overturned the nationwide ban on sports betting in 2018, 38 states and the District of Columbia have opened legal sports wagering markets.
During the recent election, players in Missouri pulled the lever for legalized sports betting, bringing the state one step closer to becoming the 39th state to offer a sports wagering market.
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