Sports Betting Revenue Report
By State & Handle
Legal US sports betting is already having a positive financial impact on state budgets. But understanding that benefit of sports betting for each state, specifically legal online betting, is set not a one-state-fits-call calculation. We can look at the total amount wagered (handle) or generated tax revenue, but to understand the popularity of online sports gambling per state, we must first look at a few factors.
Jump to Monthly Report: | 2021 | Arkansas | Colorado | Delaware | Illinois | Indiana | Iowa | Michigan | Mississippi | Nevada | New Hampshire | New Jersey | New York | Oregon | Pennsylvania | Rhode Island | Tennessee | Virginia | Washington D.C. | West Virginia | All-Time | 2020 | 2019 |
- Tax Rate: Each State has agreed to their own tax rate with the sportsbook licensees.
- Licensing: Some states like Rhode Island only allow for sports gambling via the state lottery’s sportsbook website while other states have a wide range in the amount of licensed brands allowed. Sportsbooks advertise heavily in states with open licensing in an effort to be the biggest sportsbook per state. Those marketing dollars generate indirect revenue for those state.
- Other Fees: Most states have application and annual licensing fees that should be considered when looking at the total revenue generated from online betting.
- Population: The larger states will generate more but household average income and the state’s average age contribute to sports betting per capita numbers.
- Bordering States: Some states have inflated and potentially unsustainable betting revenue because of neighboring states that have proposed gambling bills of their own and will inevitably offer sports gambling. New Yorkers are estimated to make up more than 25% of New Jersey sports betting handle.
- The Signup Process: Some states require sports betting accounts to be created in person at a brick and mortar casino. Expect these states to be off to a slow start immediately following their legalization of online gambling. Some sports bettors may never visit a physical casino and will continue betting through local bookies or offshore bookmakers.
2021 Sports Betting Revenue Year-To-Date
| State | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| Arkansas | $11,656,636 | $2,053,614 | 17.95% | $273,396 |
| Colorado | $326,903,462 | $23,144,535 | 7.08% | $1,195,774 |
| Delaware | 15,649,254 | 2,491,097 | 15.92% | $1,245,548 |
| Illinois | $581,553,300 | $49,365,489 | 8.49% | $7,670,847 |
| Indiana | $622,137,749 | $46,285,973 | 7.44% | $4,397,168 |
| Iowa | $293,139,959 | $19,051,451 | 6.50% | $1,286,117 |
| Michigan | $476,418,933 | $26,791,436 | 5.63% | $604,882 |
| Mississippi | $115,515,202 | $13,721,323 | 11.86% | $1,646,559 |
| Nevada | 1,200,549,805 | 84,227,000 | 7.02% | $5,685,323 |
| New Hampshire | $59,795,433 | $4,197,029 | 7.00% | $1,866,506 |
| New Jersey | $1,701,670,854 | $128,854,843 | 7.57% | $16,162,732 |
| New York | — | $3,569,855 | — | $356,986 |
| Oregon | $64,536,041 | $6,557,381 | 10.16% | $150,820 |
| Pennsylvania | $1,124,842,647 | $82,476,388 | 7.33% | $18,126,074 |
| Rhode Island | $73,927,431 | $5,273,024 | 7.17% | $2,689,242 |
| Tennessee | $211,300,000 | $21,800,000 | 10.32% | $4,300,000 |
| Virginia | $58,896,564 | $3,586,077 | 6.1% | $39,710 |
| Washington DC | $19,904,632 | $3,405,797 | 17.11% | $189,211 |
| West Virginia | $88,913,258 | $5,340,519 | 6.00% | $513,590 |
Arkansas Sports betting Revenue By Month
Arkansas launched sports betting in July 2019 at Oaklawn Casino. The state only allow in-person betting, and currently has three locations that take bets. Arkansas has one more license to hand out before it hits the cap on sports betting locations.
Population: 3,017,825
Average Hold: 13.69%
Tax Revenue: $937,484
Tax Rate: 13% of first $150 million in receipts, then 20%
Licensing Cost: $6,000 application fee; $1,000 annual license renewal fee
Betting Restrictions: No betting on in-state college
Mobile Betting: No
In-Person Registration: No
| AR by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $4,469,442 | $655,356 | 5.16% | $92,922 |
| January 2021 | $7,187,194 | $1,388,258 | 19.3% | $180,474 |
| December 2020 | $6,415,446 | $1,054,272 | 16.40% | $137,055 |
| November 2020 | $6,288,249 | $975,984 | 15.50% | $126,878 |
| October 2020 | $6,559,859 | $940,514 | 14.30% | $122,267 |
| September 2020 | $3,958,748 | $397,095 | 10.00% | $51,622 |
| August 2020 | $1,008,992 | $69,625 | 6.90% | $9,051 |
| July 2020 | $179,315 | ($19,633) | -10.90% | ($2,552) |
| June 2020 | $1,189 | $10 | 0.80% | $1 |
| May 2020 | $509 | ($115,000) | -22.60% | ($15) |
| April 2020 | — | — | — | — |
| March 2020 | $1,588,403 | $222,373 | 14.00% | $38,310 |
| February 2020 | $4,294,366 | $411,589 | 9.60% | $67,494 |
| January 2020 | $2,587,732 | $254,811 | 9.80% | $33,263 |
| 2021 YTD | $11,656,636 | $2,053,614 | 17.95% | $273,396 |
| 2020 | $32,882,808 | $4,191,640 | 12.75% | $583,374 |
| 2019 | $11,275,015 | $1,335,658 | 11.85% | $173,637 |
Colorado Sports betting Revenue By Month
Despite launching in the middle of the coronavirus pandemic on May 1, 2020, Colorado has become one of the top sports betting states in the U.S. With its lenient taxes and entry fees, Colorado has created a competitive in-state market
Population: 5,758,736
Average Hold: 6.54%
Tax Revenue: $4,160,416
Tax Rate: 10% of revenue
Licensing Cost: $2,000 per master licensee; must be renewed every two years
Betting Restrictions: None
Mobile Betting: Yes
In-Person Registration: Yes
| CO by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| January 2021 | $326,903,462 | $23,144,535 | 7.08% | $1,195,774/td> |
| December 2020 | $284,551,472 | $17,151,867 | 6.00% | $531,490 |
| November 2020 | $231,238,842 | $18,354,655 | 7.90% | $793,820 |
| October 2020 | $210,719,821 | $17,402,409 | 8.30% | $824,700 |
| September 2020 | $207,655,943 | $4,166,334 | 2.00% | $69,772 |
| August 2020 | $128,646,209 | $7,519,599 | 5.90% | $189,462 |
| July 2020 | $59,183,620 | $5,196,599 | 8.80% | $241,867 |
| June 2020 | $38,136,949 | $3,484,014 | 9.10% | $217,023 |
| May 2020 | $25,621,762 | $2,565,729 | 10.00% | $96,538 |
| 2021 YTD | $326,903,462 | $23,144,535 | 7.08% | $1,195,774 |
| 2020 | $1,185,754,618 | $75,841,206 | 6.40% | $2,964,672 |
Delaware Sports betting Revenue By Month
Delaware was the first state to go live with sports betting outside of Nevada in June 2018. Three casinos have sportsbooks available with the lottery overseeing football parlays. Mobile betting is legal in the state despite no online sportsbooks entering.
Population: 973,764
Average Hold: 15.50%
Tax Revenue: $35,190,438
Tax Rate: 50% of revenue
Licensing Cost: $4,000 initial license; $4,000 renewal fee every three years
Betting Restrictions: No betting on in-state college teams
Mobile Betting: No
In-Person Registration: No
| DE by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| January 2021 | 15,649,254 | 2,491,097 | 15.92% | -1,245,548 |
| December 2020 | $15,696,681 | $3,097,115 | 19.70% | $2,341,189 |
| November 2020 | $19,510,093 | $5,901,515 | 30.20% | $4,437,584 |
| October 2020 | $17,086,034 | $3,483,045 | 20.40% | $2,534,638 |
| September 2020 | $12,439,302 | $1,972,1986 | 15.90% | $1,402,669 |
| August 2020 | $2,957,634 | $367,116 | 12.40% | $183,559 |
| July 2020 | $209,282 | $12,114 | 5.80% | $6,058 |
| June 2020 | — | — | — | — |
| May 2020 | — | — | — | — |
| April 2020 | — | — | — | — |
| March 2020 | $3,877,068 | $570,442 | 14.70% | $284,802 |
| February 2020 | $7,279,650 | ($303,120) | -4.20% | ($337,668) |
| January 2020 | $11,187,011 | $1,995,980 | 17.80% | $1,190,481 |
| 2021 YTD | 15,649,254 | 2,491,097 | 15.92% | -1,245,548 |
| 2020 | $90,242,755 | $17,096,405 | 18.94 | $12,043,312 |
| 2019 | $132,488,380 | $19,549,751 | 14.76% | $12,614,600 |
| 2018 | $115,351,865 | $15,652,291 | 13.57% | $10,532,526 |
Illinois Sports betting Revenue By Month
Illinois legalized sports betting five days before the coronavirus pandemic shutdown sportsbooks on March 16, 2020. Three months later, the first online bet was placed in the state, and there has been no turning back since.
Population: 12,671,821
Average Hold: 6.70%
Tax Revenue: $20,191,143
Tax Rate: 15% of revenue
Licensing Cost: $10 million initial license; $1 million renewal fee every four years
Betting Restrictions: No betting on in-state colleges
Mobile Betting: Yes
In-Person Registration: Yes
| IL by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| January 2021 | $581,553,300 | $49,365,489 | 8.49% | $7,670,847 |
| December 2020 | $491,720,536 | $23,873,152 | 4.90% | $3,823,629 |
| November 2020 | $449,239,162 | $41,286,027 | 9.20% | $6,618,259 |
| October 2020 | $434,310,957 | $42,200,300 | 9.70% | $6,807,284 |
| September 2020 | $305,222,938 | $6,837,289 | 2.20% | $1,107,906 |
| August 2020 | $140,065,649 | $7,233,360 | 5.20% | $1,176,754 |
| July 2020 | $52,524,820 | $3,623,985 | 6.90% | $585,623 |
| June 2020 | $8,281,803 | $368,651 | 4.50% | $59,446 |
| May 2020 | — | — | — | — |
| April 2020 | — | — | — | — |
| March 2020 | $997,739 | $72,028 | 7.20% | $12,242 |
| 2020 | $1,882,363,604 | $125,494,792 | 6.67% | $20,191,143 |
Indiana Sports betting Revenue By Month
The Hoosier State legalized sports betting in September 2019 and brought in online sports betting a month later. Since then, Indiana has been thriving even as neighboring states have also legalized sports betting.
Population: 6,732,219
Average Hold: 8.20%
Tax Revenue: $19,889,782
Tax Rate: 9.5% of revenue
Licensing Cost: $100,000 initial license; $50,000 one year after obtaining license
Betting Restrictions: No prop betting on in-state colleges
Mobile Betting: Yes
In-Person Registration: Yes
| IN by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $273,893,073 | $16,955,904 | 6.19% | $1,610,811 |
| January 2021 | $348,244,676 | $29,330,069 | 7.80% | $2,786,357 |
| December 2020 | $313,112,474 | $24,306,695 | 7.80% | $2,309,136 |
| November 2020 | $251,403,994 | $25,332,120 | 10.10% | $2,406,551 |
| October 2020 | $230,932,251 | $21,098,460 | 9.10% | $2,004,354 |
| September 2020 | $207,450,106 | $14,283,702 | 6.90% | $1,356,952 |
| August 2020 | $169,018,238 | $9,834,881 | 5.80% | $934,314 |
| July 2020 | $70,876,622 | $6,658,465 | 9.40% | $632,554 |
| June 2020 | $29,783,580 | $2,922,108 | 9.80% | $277,601 |
| May 2020 | $37,334,940 | $3,179,968 | 8.50% | $302,097 |
| April 2020 | $26,304,128 | $1,559,884 | 5.90% | $148,189 |
| March 2020 | $74,818,802 | $5,495,640 | 7.30% | $522,085 |
| February 2020 | $187,186,221 | $10,381,954 | 5.50% | $986,286 |
| 2021 YTD | $622,137,749 | $46,285,973 | 7.44% | $4,397,168 |
| 2020 | $1,769,270,606 | $137,277,099 | 7.76% | $13,041,325 |
| 2019 | $435,998,645 | $42,758,942 | 9.81% | $4,062,100 |
Iowa Sports betting Revenue By Month
Iowa legalized sports betting in August 2019 and was the first midwest state to do so. On January 1, 2021, Iowa allowed for online sports betting registration which helped the industry’s growth.
Population: 3,155,070
Average Hold: 7.70%
Tax Revenue: $4,928,377
Tax Rate: 6.75% of revenue
Licensing Cost: $45,000 initial license; $10,000 annual renewal license fee
Betting Restrictions: No betting on in-state colleges
Mobile Betting: Yes
In-Person Registration: Yes
| IA by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $143,615,170 | $7,708,148 | 5.37% | $520,444 |
| January 2021 | $149,524,789 | $11,343,303 | 7.60% | $765,673 |
| December 2020 | $104,815,630 | $7,537,004 | 7.20% | $508,748 |
| November 2020 | $87,169,919 | $8,144,096 | 9.30% | $549,726 |
| October 2020 | $81,902,416 | $9,098,995 | 11.10% | $612,967 |
| September 2020 | $72,397,241 | $5,167,819 | 7.10% | $348,828 |
| August 2020 | $50,313,674 | $3,003,903 | 6.00% | $202,316 |
| July 2020 | $22,859,622 | $2,244,021 | 9.80% | $151,919 |
| June 2020 | $12,711,201 | $620,740 | 4.90% | $42,033 |
| May 2020 | $6,976,637 | $501,062 | 7.20% | $32,111 |
| April 2020 | $1,568,497 | $150,331 | 9.60% | $9,502 |
| March 2020 | $19,576,985 | $1,171,164 | 6.00% | $79,171 |
| February 2020 | $56,920,783 | $755,334 | 1.30% | $50,985 |
| 2021 YTD | $293,139,959 | $19,051,451 | 6.50% | $1,286,117 |
| 2020 | $575,239,746 | $41,629,263 | 7.24% | $2,806,655 |
| 2019 | $212,389,254 | $19,280,285 | 9.08% | 1,301,418 |
Michigan Sports betting Revenue By Month
Michigan launched sports betting a week before the coronavirus forced sportsbooks to close until August 5, 2020. The state then had to close sportsbooks again in November before mobile sports betting finally launched on January 22, 2021.
Population: 9,986,857
Average Hold: 12.70%
Tax Revenue: $1,988,254
Tax Rate: 8.40% of revenue
Licensing Cost: $100,000 initial license; $50,000 annual renewal license fee
Betting Restrictions: None
Mobile Betting: Yes
In-Person Registration: Yes
| MI by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $325,569,037 | $9,395,292 | 2.89% | $151,884 |
| January 2021 | $150,849,896 | $17,396,144 | 11.50% | $452,998 |
| December 2020 | $9,720,393 | $1,883,240 | 19.40% | $158,192 |
| November 2020 | $25,080,140 | $2,337,638 | 9.30% | $196,362 |
| October 2020 | $46,120,824 | $7,596,972 | 16.50% | $638,146 |
| September 2020 | $33,503,929 | $4,376,407 | 13.10% | $367,618 |
| August 2020 | $15,744,256 | $1,977,052 | 12.60% | $166,072 |
| July 2020 | — | — | — | — |
| June 2020 | — | — | — | — |
| May 2020 | — | — | — | — |
| April 2020 | — | — | — | — |
| March 2020 | $593,956 | $105,548 | 17.80% | $8,866 |
| 2021 YTD | $476,418,933 | $26,791,436 | 5.63% | $604,882 |
| 2020 | $1,882,363,604 | $125,494,792 | 6.67% | $20,191,143 |
Mississippi Sports betting Revenue By Month
Mississippi is one of the more conservative states in the U.S. but at the forefront of legalized sports betting. The state went live in August 2018 and now has more than 25 sportsbooks. Mississippi does not have online sports betting available.
Population: 2,976,149
Average Hold: 11.70%
Tax Revenue: $13,497,966
Tax Rate: 12% of revenue
Licensing Cost: $1,000 initial license and annual renewal license fee
Betting Restrictions: None
Mobile Betting: No
In-Person Registration: No
| MS by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $47,807,574 | $4,606,840 | 9.62% | $552,821 |
| January 2021 | $67,707,628 | $9,114,483 | 13.50% | $1,093,738 |
| December 2020 | $55,298,807 | $7,762,542 | 14.00% | $931,505 |
| November 2020 | $54,443,370 | $8,108,102 | 14.90% | $972,972 |
| October 2020 | $61,192,425 | $8,769,600 | 14.30% | $1,052,352 |
| September 2020 | $52,220,289 | $6,598,931 | 12.60% | $791,872 |
| August 2020 | $40,489,135 | $3,748,732 | 9.30% | $449,848 |
| July 2020 | $7,916,665 | $1,335,763 | 16.90% | $160,292 |
| June 2020 | $1,575,859 | -$62,231 | -3.90% | — |
| May 2020 | $236,503 | $87,697 | 37.10% | $10,524 |
| April 2020 | — | — | — | — |
| March 2020 | $10,749,403 | $648,647 | 6.00% | $77,838 |
| February 2020 | $34,462,821 | $2,105,780 | 6.10% | $252,694 |
| 2021 YTD | $115,515,202 | 13,721,323 | 11.86% | $1,646,559 |
| 2020 | $363,775,648 | $43,741,530 | 12.02% | $5,256,453 |
| 2019 | $369,173,582 | $44,451,371 | 12.04% | $5,334,165 |
| 2018 | $157,139,663 | $15,175,667 | 9.66% | $1,821,080 |
Nevada Sports Betting Revenue By Month
The Mecca of sports betting. Nevada has allowed legal sports betting to go down for decades bringing in a huge chunk of revenue and taxes to the state annually. The state also has one of the lowest sports betting tax rates in the U.S.
Population: 3,080,156
Average Hold: 6.29%
Tax Revenue: $56,611,508
Tax Rate: 6.75% of revenue
Licensing Cost: $500 annual renewal license fee
Betting Restrictions: None
Mobile Betting: No
In-Person Registration: No
| NV by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $554,058,173 | $31,846,000 | 5.75% | $2,149,605 |
| January 2021 | $646,491,632 | $52,381,000 | 8.10% | $3,535,718 |
| December 2020 | $588,486,999 | $41,113,000 | 6.99% | $2,775,128 |
| November 2020 | $609,376,849 | $61,807,000 | 10.14% | $4,171,973 |
| October 2020 | $659,899,331 | $42,388,000 | 6.42% | $2,861,190 |
| September 2020 | $575,144,025 | $32,895,000 | 5.72% | $2,220,413 |
| August 2020 | $474,948,414 | $16,985,000 | 3.58% | $1,146,488 |
| July 2020 | $165,552,030 | $6,295,000 | 3.80% | $424,913 |
| June 2020 | $78,152,387 | -$483,000 | -0.62% | N/A |
| April-May 2020 | $56,263,737 | $2,669,000 | 4.74% | $180,158 |
| March 2020 | $141,108,201 | $1,455,000 | 1.03% | $98,213 |
| February 2020 | $489,105,725 | $38,064,000 | 7.78% | $2,569,320 |
| 2021 YTD | 1,200,549,805 | 84,227,000 | 7.02% | $5,685,323 |
| 2020 | $4,340,581,339 | $263,340,000 | 6.07% | $17,808,056 |
| 2019 | $5,319,032,956 | $329,037,000 | 6.19% | $22,210,001 |
| 2018 | $3,021,343,532 | $193,931,000 | 6.42% | $13,090,344 |
New Hampshire Sports betting Revenue By Month
Although New Hampshire runs its sports betting through the state lottery with one sportsbook, it has done well for itself since launching in December 2019. DraftKings Sportsbook is the sole provider for sports bettors in the state and can open retail sportsbooks.
Population: 1,359,711
Average Hold: 8.10%
Tax Revenue: $11,020,218
Tax Rate: 50% retail; 51% online
Licensing Cost: N/A
Betting Restrictions: No betting on in-state colleges
Mobile Betting: Yes
In-Person Registration: Yes
| NH by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| January 2021 | $59,795,433 | $4,197,029 | 7.00% | $1,866,506 |
| December 2020 | $51,649,897 | $4,537,653 | 8.80% | $2,137,406 |
| November 2020 | $46,523,447 | $4,770,459 | 10.30% | $2,323,843 |
| October 2020 | $47,055,486 | $4,203,875 | 8.90% | $2,001,597 |
| September 2020 | $41,373,620 | $2,290,364 | 5.50% | $990,885 |
| August 2020 | $27,539,869 | $1,366,338 | 5.00% | $596,720 |
| July 2020 | $11,623,208 | $1,268,688 | 10.90% | $602,156 |
| June 2020 | $8,138,772 | $691,103 | 8.50% | $313,156 |
| May 2020 | $7,180,450 | $424,947 | 5.90% | $187,743 |
| April 2020 | $3,774,668 | $262,393 | 7.00% | $126,090 |
| March 2020 | $8,768,769 | $818,605 | 9.30% | $394,229 |
| February 2020 | $22,130,928 | $1,359,395 | 6.10% | $613,679 |
| January 2020 | $16,834,974 | $1,643,7937 | 9.80% | $713,311 |
| 2021 YTD | $59,795,433 | $4,197,029 | 7.00% | $1,866,506 |
| 2020 | $292,594,088 | $23,637,613 | 8.08% | $11,000,815 |
| 2019 | $360,726 | $44,759 | 12.40% | $19,403 |
New Jersey Sports Betting Revenue By Month
New Jersey has surpassed Nevada as the top sports betting state in the U.S. Thanks to online sports betting and New York bettors traveling over, New Jersey was able to surpass Nevada for the largest betting handle.
Population: 8,882,190
Average Hold: 6.70%
Tax Revenue: $102,083,299
Tax Rate: 8.5% of land-based revenue & 13% of online revenue
Licensing Cost: $100,000 initial license & $100,000 annual renewal license fee
Betting Restrictions: No betting on in-state college or college games played in New Jersey
Mobile Betting: Yes
In-Person Registration: Yes
| NJ by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $742,953,328 | $46,213,864 | 6.21% | $5,800,343 |
| January 2021 | $958,717,526 | $82,640,979 | 8.60% | $10,362,389 |
| December 2020 | $996,300,794 | $66,386,516 | 6.70% | $8,269,676 |
| November 2020 | $931,620,415 | $50,554,535 | 5.40% | $6,233,822 |
| October 2020 | $803,096,172 | $58,508,647 | 7.30% | $7,440,873 |
| September 2020 | $748,588,349 | $45,083,178 | 6.00% | $5,604,501 |
| August 2020 | $667,979,150 | $39,507,181 | 5.90% | $4,919,340 |
| July 2020 | $315,118,805 | $29,551,987 | 9.40% | $3,671,891 |
| June 2020 | $165,014,553 | $12,639,282 | 7.70% | $1,652,950 |
| May 2020 | $117,821,281 | $9,912,062 | 8.40% | $1,303,244 |
| April 2020 | $54,593,092 | $2,634,050 | 4.80% | $356,726 |
| March 2020 | $181,908,529 | $13,181,101 | 7.20% | $1,732,276 |
| February 2020 | $494,813,807 | $17,000,928 | 3.40% | $2,377,923 |
| 2021 YTD | $1,701,670,854 | $128,854,843 | 7.57% | $16,162,732 |
| 2020 | $6,016,968,399 | $359,013,912 | 6.00% | $50,891,397 |
| 2019 | $4,582,868,150 | $299,326,239 | 6.50% | $39,594,127 |
| 2018 | $1,247,307,720 | $94,022,392 | 7.50% | $11,597,775 |
New York Sports betting Revenue By Month
New York legalized sports betting in July 2019 at its commercial casinos upstate and at tribal casinos. The state does not have online sports betting and has made little process in legalizing it.
Population: 19,453,561
Average Hold: N/A
Tax Revenue: $1,873,176
Tax Rate: 8.5% of land-based revenue
Licensing Cost: Not required to pay initial license or renewal fee
Betting Restrictions: No betting on in-state colleges
Mobile Betting: No
In-Person Registration: No
| NY by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| January 2021 | — | $3,569,855 | — | $356,986 |
| December 2020 | — | $2,258,771 | — | $225,877 |
| November 2020 | — | $2,619,676 | — | $261,968 |
| October 2020 | — | $2,623,464 | — | $262,346 |
| September 2020 | — | $1,403,543 | — | $140,354 |
| August 2020 | — | — | — | — |
| July 2020 | — | — | — | — |
| June 2020 | — | — | — | — |
| May 2020 | — | — | — | — |
| April 2020 | — | — | — | — |
| March 2020 | — | $99,514 | — | $9,951 |
| February 2020 | — | ($179,593) | — | — |
| January 2020 | — | $1,943,361 | — | $194,336 |
| 2021 YTD | — | $3,569,855 | — | $356,986 |
| 2020 | — | $10,768,736 | — | $1,094,832 |
| 2019 | — | $7,783,426 | — | $778,344 |
Oregon Sports betting Revenue By Month
Tribal casinos brought sports betting to Oregon in August 2019. Shortly after, the Oregon Lottery launched its online sports betting platform to the state. Only the Oregon Lottery reports its sports betting numbers
Population: 4,217,737
Average Hold: 9.0%
Tax Revenue: $617,994
Tax Rate: 2.3% of revenue
Licensing Cost: N/A
Betting Restrictions: No betting on in-state colleges
Mobile Betting: Yes
In-Person Registration: No
| OR by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $29,600,150 | $2,684,777 | 9.68% | $61,750 |
| January 2021 | $34,935,891 | $3,872,604 | 11.10% | $89,070 |
| December 2020 | $26,987,303 | $3,050,785 | 11.30% | $70,168 |
| November 2020 | $25,039,884 | $4,116,314 | 16.40% | $94,675 |
| October 2020 | $29,455,228 | $2,751,147 | 9.30% | $63,276 |
| September 2020 | $26,174,303 | $1,527,243 | 5.80% | $35,127 |
| August 2020 | $25,845,403 | $1,662,406 | 6.40% | $38,235 |
| July 2020 | $14,042,425 | $1,003,037 | 7.10% | $23,070 |
| June 2020 | $7,921,864 | $777,903 | 9.80% | $17,892 |
| May 2020 | $7,290,190 | $598,061 | 8.20% | $13,755 |
| April 2020 | $4,430,648 | $392,767 | 8.90% | $9,034 |
| March 2020 | $9,007,680 | $937,750 | 10.40% | $21,568 |
| February 2020 | $20,899,825 | $1,481,197 | 7.10% | $34,068 |
| 2021 YTD | $64,536,041 | $6,557,381 | 10.16% | $150,820 |
| 2020 | $218,246,357 | $20,072,367 | 9.20% | $461,664 |
| 2019 | $45,272,113 | $2,924,341 | 6.46% | $67,260 |
Pennsylvania Sports betting Revenue By Month
Pennsylvania launched sports betting in November 2018. Online sports betting went live in May the following year, and the state became the third-largest sports betting industry behind New Jersey and Nevada. Pennsylvania also has one of the highest tax rates in the country.
Population: 12,801,989
Average Hold: 7.70%
Tax Revenue: $97,260,637
Tax Rate: 36% of revenue
Licensing Cost: $10 million initial license fee
Betting Restrictions: None
Mobile Betting: Yes
In-Person Registration: Yes
| PA by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $509,547,820 | $33,171,120 | 6.51% | $5,896,731 |
| January 2021 | $615,294,827 | $49,305,268 | 8.00% | $12,229,343 |
| December 2020 | $548,590,065 | $45,344,348 | 8.30% | $12,261,434 |
| November 2020 | $491,910,713 | $48,500,443 | 9.90% | $11,226,836 |
| October 2020 | $525,802,524 | $47,834,647 | 9.10% | $13,239,694 |
| September 2020 | $462,787,392 | $18,277,566 | 3.90% | $2,257,158 |
| August 2020 | $364,985,422 | $27,593,677 | 7.60% | $6,578,668 |
| July 2020 | $164,782,229 | $13,651,865 | 8.30% | $2,933,093 |
| June 2020 | $89,002,562 | $7,959,790 | 8.90% | $2,397,657 |
| May 2020 | $77,510,033 | $5,918,697 | 7.60% | $1,738,436 |
| April 2020 | $46,015,988 | $3,202,680 | 7.00% | $1,038,050 |
| March 2020 | $131,330,059 | $8,606,120 | 6.60% | $2,480,132 |
| February 2020 | $329,765,782 | $11,432,097 | 3.50% | $17,000,911 |
| January 2020 | $348,381,708 | $31,580,803 | 9.10% | $8,222,829 |
| 2021 YTD | $1,124,842,647 | $82,476,388 | 7.33% | $18,126,074 |
| 2020 | $3,580,864,477 | $269,902,733 | 7.54% | $81,374,898 |
| 2019 | $1,490,167,111 | $111,731,913 | 7.50% | $30,280,668 |
| 2018 | $17,587,677 | $2,516,589 | 14.31% | $905,972 |
Rhode Island Sports betting Revenue By Month
Rhode Island launched sports betting the same month Pennsylvania did. It took nearly a year later for the state to legalize online sports betting, which helped during the coronavirus pandemic.
Population: 1,059,361
Average Hold: 8.94%
Tax Revenue: $23,777,363
Tax Rate: 51% of revenue
Licensing Cost: N/A
Betting Restrictions: No betting on in-state college teams
Mobile Betting: Yes
In-Person Registration: Yes
| RI by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $34,110,104 | $1,555,824 | 4.69% | $793,470 |
| January 2021 | $39,817,327 | $3,717,200 | 9.3% | $1,895,772 |
| December 2020 | $22,770,472 | $2,533,090 | 11.10% | $1,291,876 |
| November 2020 | $35,098,445 | $6,281,321 | 17.90% | $3,203,474 |
| October 2020 | $34,704,413 | $4,388,841 | 12.60% | $2,238,309 |
| September 2020 | $31,293,150 | $2,352,788 | 7.50% | $1,199,922 |
| August 2020 | $23,116,965 | $1,423,391 | 6.20% | $725,929 |
| July 2020 | $6,738,626 | $351,425 | 5.20% | $179,227 |
| June 2020 | $2,032,803 | $101,328 | 5.00% | $51,677 |
| May 2020 | $1,533,114 | $163,472 | 10.70% | $83,371 |
| April 2020 | $591,377 | $27,381 | 4.60% | $13,964 |
| March 2020 | $8,949,157 | $841,767 | 9.40% | $429,301 |
| February 2020 | $28,147,862 | $2,323,432 | 8.30% | $1,184,950 |
| 2021 YTD | $73,927,431 | $5,273,024 | 7.17% | $2,689,242 |
| 2020 | $221,916,076 | $24,067,477 | 10.85% | $12,274,413 |
| 2019 | $245,811,495 | $17,806,694 | 7.24% | $9,081,412 |
| 2018 | $13,770,713 | $1,030,910 | 7.49% | $525,764 |
Tennessee Sports betting Revenue By Month
Tennessee went live in November 2020 and became the first state to have an online-only sports betting industry. Four sportsbooks launched on the first day and have seen great results since their inception
Population: 6,833,174
Average Hold: 9.35%
Tax Revenue: $9,743,918
Tax Rate: 20% of revenue
Licensing Cost: $750,000 initial license fee
Betting Restrictions: None
Mobile Betting: Yes
In-Person Registration: NA
| TN by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| January 2021 | $211,300,000 | $21,800,000 | 10.32% | $4,300,000 |
| December 2020 | $180,900,000 | $13,900,000 | 7.70% | $3,080,000 |
| November 2020 | $131,444,523 | $13,244,908 | 10.10% | $2,363,918 |
| 2021 YTD | $211,300,000 | $21,800,000 | 10.32% | $4,300,000 |
| 2020 | $312,344,523 | $27,144,908 | 8.69% | $5,443,918 |
Virginia Sports betting Revenue By Month
Virginia legalized sports betting in January 2021. Despite only have 11 days to operate in the first month, Virginia had the second-largest in the first month of sports betting for any legal U.S. state. The Commonwealth also is using the online-only sports betting system.
Population: 8,535,519
Average Hold: 6.10%
Tax Revenue: $3,586,077
Tax Rate: 15% of revenue
Licensing Cost: $250,000 initial license fee
Betting Restrictions: No betting on in-state colleges
Mobile Betting: Yes
In-Person Registration: NA
| VA by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| January 2021 | $58,896,564 | $3,586,077 | 6.1% | $39,710 |
| 2021 YTD | $58,896,564 | $3,586,077 | 6.1% | $39,710 |
Washington D.C. Sports betting Revenue By Month
Washington D.C. launched its lottery sports betting app GameBet DC in May 2020. William Hill entered the market that July and has helped the District grow its sports betting numbers.
Population: 705,749
Average Hold: 17%
Tax Revenue: $1,197,225
Tax Rate: 10% of revenue
Licensing Cost: $500,000 nonrefundable fee; $250,000 renewal license fee every five years
Betting Restrictions: No betting on team located in D.C.
Mobile Betting: Yes
In-Person Registration: Yes
| DC by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $4,158,464 | $600,305 | 14.44% | — |
| January 2021 | $15,746,168 | $2,805,492 | 17.82% | $189,211 |
| December 2020 | $16,696,995 | $2,708,652 | 16.22% | $190,144 |
| November 2020 | $17,600,534 | $3,611,200 | 20.52% | $272,852 |
| October 2020 | $18,535,847 | $3,539,869 | 19.10% | $271,777 |
| September 2020 | $15,455,160 | $1,804,299 | 11.67% | $130,540 |
| August 2020 | $11,262,442 | $1,703,416 | 15.12% | $142,527 |
| July 2020 | $743,330 | $144,020 | 19.37% | $174 |
| June 2020 | $223,730 | $36,985 | 16.53% | — |
| May 2020 | $9,723 | ($240) | -2.47% | — |
| 2021 YTD | $19,904,632 | $3,405,797 | 17.11% | $189,211 |
| 2020 | $80,527,761 | $13,548,201 | 16.82% | $1,008,014 |
West Virginia Sports Betting Revenue By Month
West Virginia launched sports betting in September 2018. The state suffered a lot of ups and downs in the first year but recouped when online sports betting returned in August 2020. West Virginia also reports sports betting numbers on a weekly basis instead of monthly.
Population: 1,792,147
Average Hold: 7.90%
Tax Revenue: $5,818,845
Tax Rate: 10% of revenue
Licensing Cost: $100,000 initial license fee; $100,000 renewal license fee every five years
Betting Restrictions: None
Mobile Betting: Yes
In-Person Registration: Yes
| WV by Month | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| February 2021 | $38,212,775 | $1,364,161 | 3.6% | $115,954 |
| January 2021 | $50,700,483 | $3,976,358 | 7.80% | $397,636 |
| December 2020 | $70,134,202 | $6,466,132 | 9.20% | $646,613 |
| November 2020 | $48,532,442 | $4,407,576 | 9.10% | $440,758 |
| October 2020 | $44,633,016 | $3,742,779 | 8.40% | $374,278 |
| September 2020 | $76,951,429 | $4,603,811 | 6.00% | $460,381 |
| August 2020 | $45,897,001 | $2,337,229 | 5.10% | $233,723 |
| July 2020 | $15,853,463 | $1,573,845 | 9.90% | $157,385 |
| June 2020 | $6,338,618 | $567,836 | 9.00% | $56,784 |
| May 2020 | $4,971,928 | $541,188 | 10.90% | $54,119 |
| April 2020 | $2,965,302 | $155,058 | 5.20% | $15,506 |
| March 2020 | $14,705,300 | $1,101,454 | 7.50% | $110,145 |
| February 2020 | $39,618,767 | ($626,470) | -1.60% | ($62,647) |
| 2021 YTD | $88,913,258 | $5,340,519 | 6.00% | $513,590 |
| 2020 | $414,855,266 | $28,521,711 | 6.88% | $2,852,172 |
| 2019 | $226,027,134 | $19,142,375 | 8.47% | $1,914,239 |
| 2018 | $46,425,862 | $6,548,008 | 14.10% | $654,802 |
Total Lifetime Sports Betting revenue
| State | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| Arkansas | $55,814,458 | $7,685,795 | 13.8% | $1,030,406 |
| Colorado | $1,512,658,080 | $98,985,741 | 6.54% | $4,160,416 |
| Delaware | $353,732,251 | $54,789,544 | 15.49% | $36,435,986 |
| Illinois | $2,463,916,903 | $174,860,281 | 7.10% | $27,861,990 |
| Indiana | $2,827,409,000 | $226,322,014 | 8.00% | $21,500,593 |
| Iowa | $1,083,605,372 | $79,964,395 | 7.38% | $5,448,821 |
| Michigan | $607,182,431 | $45,068,293 | 7.43% | $2,123,973 |
| Mississippi | $1,005,604,095 | $117,089,891 | 11.64% | $14,050,787 |
| Nevada | $13,881,507,631 | $870,535,000 | 6.27% | $58,761,113 |
| New Hampshire | $292,954,814 | $23,682,372 | 8.10% | $11,020,218 |
| New Jersey | $13,548,845,123 | $920,724,567 | 6.80% | $118,246,031 |
| New York | — | $18,552,162 | — | $1,873,176 |
| Oregon | $328,054,511 | $29,554,089 | 9.01% | $679,744 |
| Pennsylvania | $6,213,461,912 | $466,627,623 | 7.19% | $115,386,711 |
| Rhode Island | $555,425,715 | $48,178,105 | 8.7% | $24,570,834 |
| Tennessee | $523,644,523 | $48,944,908 | 9.35% | $9,743,918 |
| Virginia | $58,896,564 | $3,586,077 | 6.1% | $39,710 |
| Washington DC | $100,432,392 | $16,953,999 | 16.88% | $1,197,225 |
| West Virginia | $776,221,521 | $59,552,614 | 7.90% | $5,934,799 |
2020 Sports Betting Revenue
| State | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| Arkansas | $32,882,808 | $4,191,640 | 12.75% | $583,374 |
| Colorado | $1,185,754,618 | $75,841,206 | 6.40% | $2,964,672 |
| Delaware | $90,242,755 | $17,096,405 | 18.94% | $12,043,312 |
| Illinois | $1,882,363,604 | $125,494,792 | 6.67% | $20,191,143 |
| Indiana | $1,769,270,606 | $137,277,099 | 7.76% | $13,041,325 |
| Iowa | $575,239,746 | $41,629,263 | 7.24% | $2,806,655 |
| Michigan | $130,763,498 | $18,276,857 | 13.98% | $1,535,256 |
| Mississippi | $363,775,648 | $43,741,530 | 12.02% | $5,256,453 |
| Nevada | $4,340,581,339 | $263,340,000 | 6.07% | $17,808,056 |
| New Hampshire | $292,594,088 | $23,637,613 | 8.08% | $11,000,815 |
| New Jersey | $6,016,968,399 | $398,521,093 | 6.62% | $50,891,397 |
| New York | — | $10,768,736 | — | $1,094,832 |
| Oregon | $218,246,357 | $20,072,367 | 9.20% | $461,664 |
| Pennsylvania | $3,580,864,477 | $269,902,733 | 7.54% | $81,374,898 |
| Rhode Island | $221,916,076 | $24,067,477 | 10.85% | $12,274,413 |
| Tennessee | $312,344,523 | $27,144,908 | 8.69% | $5,443,918 |
| Washington DC | $80,527,761 | $13,548,201 | 16.82% | $1,008,014 |
| West Virginia | $414,855,266 | $28,521,711 | 6.88% | $2,852,172 |
2019 Sports Betting Revenue
| State | Handle | Revenue | Hold | Taxed |
|---|---|---|---|---|
| Arkansas | $11,275,015 | $1,335,658 | 11.85% | $173,637 |
| Delaware | $132,488,380 | $19,549,751 | 14.76% | $12,614,600 |
| Indiana | $435,998,645 | $42,758,942 | 9.81% | $4,062,100 |
| Iowa | $212,389,254 | $19,280,285 | 9.08% | $1,301,418 |
| Mississippi | $369,173,582 | $44,451,371 | 12.04% | $5,334,165 |
| Nevada | $5,319,032,956 | $329,037,000 | 6.19% | $22,210,001 |
| New Hampshire | $360,726 | $44,759 | 12.40% | $19,403 |
| New Jersey | $4,582,898,150 | $299,326,239 | 6.53% | $39,594,127 |
| New York | — | $7,783,426 | — | $778,344 |
| Oregon | $45,272,113 | $2,924,341 | 6.46% | $67,260 |
| Pennsylvania | $1,490,167,111 | $111,731,913 | 7.50% | $30,280,668 |
| Rhode Island | $245,811,495 | $17,806,694 | 7.24% | $9,081,412 |
| West Virginia | $226,027,134 | $19,142,375 | 8.47% | $1,914,239 |