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Maine’s sports betting gamble paying off, although Olympics are a wild card

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Sports Game

2024-07-30

Maine’s sports betting gamble paying off, although Olympics are a wild card

In the eight months since it began, Maine’s legalized sports gambling market has seen some big action.

But the odds of long-term success? Too early to call it a sure thing. And one of the unknowns is the impact of the Olympic Games now underway in Paris.

So far, though, Maine’s rookie year of sports gambling has turned out impressive-sounding numbers.

From last November through June 30, bettors wagered a total of $319.3 million via Maine’s two legal sportsbooks — and pocketed $284.7 million in payouts, according to records from the Department of Public Safety’s Gambling Control Unit. The biggest month of betting to date: March, when a total “handle” of $47.5 million was wagered.

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