Maine totaled $33.6 million in wagers, down from $38.1 million in January and a $44.4 million betting handle generated in December 2023.
Since the legalization of online sports betting in Maine last November, when DraftKings and Caesars Sportsbook launched as its two mobile sports betting apps, the Pine Tree State has seen its Maine totaled $33.6 million in wagers, down from $38.1 million in January and a $44.4 million betting handle generated in December 2023, according to numbers provided by the
However, revenue was also down in February compared to January, as the state made $4.6 million in adjusted revenue between DraftKings and Caesars Sportsbook. This was down from $5.5 million in gross adjusted revenue at a 14.6% hold in January 2024. DraftKings has been the primary sportsbook since launching in Maine, receiving over $126 million in wagers from November 2023 through February 2024. Caesars Sportsbook is a distant second, drawing under $27.6 million in wagers during the same timeframe. Both online sportsbook operators remained taxed at 10% of their adjusted revenue in February 2024, generating roughly $425,500 in tax money for the state of Maine.
Other programs in Maine include administrative expenses for the Gambling Control Unit and Gambling Addiction Prevention and Treatment services, which totaled over $42,400 in February. The rest of the taxed revenue goes toward agricultural and horse racing programs.
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