According to the report, the state’s operational legal sports betting operators, Caesars and DraftKings, reported accepting $37,605,088 since launching on November 3rd. This resulted in combined revenues of $4.6 million for the month from a win percentage of 12.34%.
DraftKings the Clear Market Leader
DraftKings, partnered with the Passamaquoddy tribe, was the market leader taking in over $30.5 million in wagers representing 81.1% of all wagers placed throughout the month. The company generated $4.2 million in revenues.
Caesars, partnered with the Penobscot, Maliseet and Mi’kmaq tribes, reported accepting just over $7 million in wagers. This generated $382,373 in revenues.
The sports wagering tax rate of 10% on adjusted sportsbook revenues saw the state collect $464,151 in taxes for the first month of legal sports betting in Maine.
Year-to-Date Sports Handle, Revenues & Taxes in Maine
| Period | Total Handle | Sportsbook Revenue | Win % | Adjusted Sportsbook Revenue | Adjusted Win % | State Taxes |
|---|---|---|---|---|---|---|
| Nov 2023 | $37,605,088 | $4,723,856 | 12.56% | $4,641,512 | First Month of Sports Betting in Maine Sees Sportsbooks Take in over $37.6 Million$464,151 | |
| Totals | $37,605,088 | $4,723,856 | 12.56% | $4,641,512 | First Month of Sports Betting in Maine Sees Sportsbooks Take in over $37.6 Million$464,151 |
BetMGM Yet to Launch
First Month of Sports Betting in Maine Sees Sportsbooks Take in over $37.6 MillionImage credit: Ron Gogswell / CC BY 2.0 Deed
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.