Maine sports betting handle reaches $44.4m for December

The Maine Gambling Control Unit has published its sports wagering numbers for the month of December. The state’s two sports betting operators, DraftKings and Caesars, reported combined handle of $44.4m.

The state first opened its regulated sports betting market in November. December’s handle grew by 18% when compared to results from the previous month. Last month marked Maine’s first full month of operation since the market went live.

DraftKings emerged again in December as the frontrunner. The operator walked away last month with $4.1m in revenue after accepting $35.3m in wagers during the month.

DraftKings’ activity rose in December by 15.7% when compared to November’s results. Players’ wagers with DraftKings accounted for nearly 80% of all sports wagers placed during the month.

Caesars brought in $9m in bets during December and earned $269,154 in revenue.

Despite a rise in activity during December, total revenue failed to surpass November’s total. Total December revenue reached $4.6m, while November holds the all-time revenue high of $4.7m.

Last month, sports betting contributed $437,884 in state taxes. Since the market’s opening, the state has collected a total of $902,035 in taxes.

So far, the state has brought in nearly $82.1m in wagers since sports betting made its November debut. Revenue during its first two months live has reached $9.3m, with an adjusted sports betting revenue of $9m.

In other state news, Maine’s Tribes want to expand gambling rights to include harness racing, online gambling, casinos and electric beano. The Tribes’ supporters say allowing these exclusive rights “helps Maine’s indigenous peoples to thrive.”

However, some have voiced concern regarding Tribal expansion and claim that granting exclusive rights could create a monopoly within the industry.

Carlos Mendez

Writer

Odds tell a story long before the result does. When bettors learn to read that story properly, betting becomes a matter of discipline and value rather than emotion or guesswork.

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