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Maine sports betting handle reaches $35.6 million in August

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Sports Betting

2024-09-06

Maine sports betting handle reaches $35.6 million in August

The Maine Gambling Control Unit has reported that sports bettors wagered more than $35.6 million through the state’s two licensed operators in August, generating nearly $3.6 million in revenue.

August’s figures resulted in $355,567 in tax payments due to the state.

In partnership with the Passamaquoddy Tribe, DraftKings led the market with a $30.1 million handle, translating to $3.1 million in revenue. At the same time, Caesars, operated by the Penobscot, Maliseet and Micmac Tribes, reported a $5.5 million handle and earned $428,296 in revenue.

Because Maine legalized sports betting in November, no figures are available for a year-over-year comparison. However, compared month-on-month against July, handle was down around 16.7 percent. In July, Caesars and DraftKings combined for a handle of almost $42.8 million, the second-highest monthly handle. Revenue also fell around 41.1 percent from last month’s total of around $6 million.

September is expected to be a busy month for sports betting nationwide as the NFL season kicks off. The American Gaming Association projects that this year’s NFL could see a record $35 billion wagered across the United States, with three states having launched online betting since last season: Maine, Vermont and North Carolina.

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