Sports Betting Revenue Tracker: US Betting Revenue & Handle By …

80 rows · Dec 24, 2024 · The US sports betting industry is in its seventh year of regulated operations outside of Nevada, and proceeds are pouring in. Operators have so far combined …

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US Sports Betting Revenue & Handle Tracker By State

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MONTHHANDLEREVENUETAXESJune 2024$8,644,017,765$811,611,648$175,608,681May 2024$11,051,283,117$1,159,364,029$247,842,140April 2024$12,075,789,487$1,155,268,528$236,093,802March 2024$9,568,079,449*$746,671,510*$164,201,001*See all 75 rows on www.gamingtoday.com

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Sports Betting Tax Revenue: States, Sportsbooks, And Consumers

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Dec 10, 2024 · Key Findings. Legal sports betting in the U.S. hit an all-time high in 2023 at more than $100 billion wagered. States collected more than $1.8 billion in taxA tax is a mandatory …

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Michigan Sets New Monthly Handle Record With $671M In …

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12 hours ago · The Michigan Gaming Control Board reported a monthly handle of $671.2 million, the most ever wagered on sports betting in the state. November’s total surpassed the previous …

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Global Sports Betting Revenue Statistics - Market Trends

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The European online sports betting market is also booming and is a major player in the global gaming industry. It’s expected to reach $17.14 billion in 2024, and with a compound annual …

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New York Sets New Online Sports Betting Revenue Record

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4 days ago · Revenue from online and mobile sports wagering in New York reached $231.6 million in November, setting a new monthly record in the process. At the same time, the NY …

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FAQs about Sports Betting Revenue Tracker: US Betting Revenue & Handle By … Coupon?

What is the gaming today revenue tracker?

The Gaming Today revenue tracker is your go-to resource to see the cash that US states and sportsbooks are reaping from legal mobile and retail sports betting. Bookmark this page to follow the money. We update our tracker monthly with the latest figures and will include all-time data for the states with legal sports betting. ...

Which states tax sports betting?

State statutory sports betting tax rates range from 6.75 percent in Nevada and Iowa to 51 percent in New Hampshire, New York, and Rhode Island. New York generated more than $800 million in sports betting tax revenue in 2023, while South Dakota raised less than $100,000. Low-rate taxes based on net gaming revenue make an effective tax design. ...

Who is responsible for sports betting tax revenue in Nevada?

The Empire State is responsible for approximately 37% of sports betting tax revenue. The Nevada Gaming Control Board does not release handle and revenue information for individual sportsbooks. The primacy of Nevada sportsbooks in national market share has lessened every year as legal sports betting spreads to more states. ...

How much money does the US sports betting industry make?

The US sports betting industry is in its seventh year of regulated operations outside of Nevada, and proceeds are pouring in. Operators have so far combined to generate $35 billion of lifetime gross revenue from more than $425 billion in total handle. ...

Should sports betting be taxed based on net gaming revenue?

Low-rate taxes based on net gaming revenue make an effective tax design. Consumers legally wagered more than $100 billion on sporting contests in 2023, creating more than $1.8 billion in state revenue. Sports betting is now legal in 38 states and the District of Columbia, and the landscape is rapidly evolving. ...

Are there any state-by-state sports betting revenue trackers available online?

There are several state-by-state sports betting revenue trackers available online, but they are all barebones and do not offer the granular datapoints that our in-depth analysis provides. We’ve done all the math for you, focusing on the following detailed sportsbook revenue datapoints: ...