Connect with us

Sports Betting Revenue By State

One of the biggest selling points for states that have legalized domestic sportsbooks has been the potential for taxable sports betting revenue. Similarly, this is the primary metric on which states considering the legalization of domestic sports betting are basing their legislative initiatives. In other words, the revenue is the thing.

To help clarify the data, our analysis of sports betting revenue by state is broken down into several sections, allowing you to see extremely granular detail that you won’t find with any other betting revenue tracker. We cover monthly handles, monthly holds, monthly tax contributions, and show you at a glance how each state is performing on both a month-to-month basis and a year-over-year basis (where applicable).

Sports Betting Revenue

Current State Sports Betting Revenue - Basic Data Chart

The following table shows state-based sports betting financial performance data for the five main data points relevant to most industry analysts, reporters, and journalists. Please keep in mind that this chart offers only the most sought-after surface metrics. To see our full state revenue tracker with granular details, month-to-month comparisons, and more, click here or scroll to the bottom of the page.

Sports Betting Revenue Key - Basic Chart

The chart below offers an at-a-glance summary of the five basic sportsbook statistics for each state with legal sports betting operations up and running. States are separated by row, with columns showing the latest reported values for each data point: Handle, Revenue, Revenue Year-To-Date, Hold, Tax.

Handle - Total amount of money wagered on sports in the state, combining all land-based and online operations
Revenue - Combined revenue earned by all sportsbooks after paying out winning bets
Revenue YTD - Total sports betting revenue earned since the beginning of the current year
Hold % - The above "Revenue" figure shown as a percentage of total action within each state
Tax (USD) - The combined total taxes paid by all sportsbooks to the state

StateHandle RevenueRev YTDTax (USD)
AK$5,947,426 $807,091 $2,850,705 $130,877
CO$300,990,840 $20,365,119 $53,954,434 $1,060,854
DE$6,666,115 $1,104,860 $4,825,941 $482,174
IL$509,794,592 $35,393,768 $83,339,066 $5,309,065
IN$316,717,762 $26,350,639 $72,636,612 $2,503,311
IA$161,439,561 $13,454,158 $32,505,609 $908,011
MI$383,681,892 $21,951,244 $48,742,679 $648,202
MS$50,546,886 $5,237,031 $18,958,354 $628,444
MT$4,093,444 $587,916 $1,825,881 *
NV$640,781,759 $39,344,000 $123,571,000 $2,655,720

StateHandle RevenueRev YTDTax (USD)
NH$55,800,096 $4,254,732 $10,239,691 $1,925,260
NJ$859,617,961 $60,755,472 $189,610,315 $7,746,512
NM****
NY**$1,845,685 $6,568,816 $184,569
OR$24,054,960 $1,374,377 $7,931,758 *
PA$560,259,181 $29,352,345 $79,702,548 $9,979,797
RI$38,583,919 $3,976,140 $9,249,164 $2,027,831
TN$205,900,000 $18,000,000 $52,800,000 $3,200,000
VA$58,896,564 $3,586,077 $3,586,077 $39,710
WV$42,751,230 $3,889,447 $13,498,380 $330,603

Complete Sports Betting Industry Revenue By State

As of Q4 2020, the following 19 states all have active sportsbooks and are all reporting monthly sports betting data in some fashion or another.

Some states have had legal domestic sports betting operations up and running for several years (particularly Nevada), but all data is reported from 2018 onward, in line with the May 14, 2018, overturn of PASPA.

States are presented in alphabetical order, and you can get all data to date by toggling the drop menu for each.

Sportsbook Revenue Data Methodology

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:

Sportsbook Handle Data

  • Monthly handle (USD) – The total dollar amount of wagers placed for the month
  • Month-to-month handle increase/decrease (USD) – The total increase or decrease in betting handle compared to the previous month shown in US dollars
  • Month-to-month handle increase/decrease (percentage) – The increase or decrease in betting handle compared to the previous month shown in percentage of change
  • Monthly year-over-year totals for all of the above – Monthly handle data compared against the previous year’s data for the same month

Sportsbook Revenue Data

  • Monthly revenue (USD) – The total dollar amount of sportsbook revenue for the month (after payouts)
  • Month-to-month revenue increase/decrease (USD) – The total increase or decrease in sportsbook revenue compared to the previous month in US dollars
  • Month-to-month revenue increase/decrease (percentage) – The total increase or decrease in sportsbook revenue compared to the previous month in percentage of change
  • Monthly year-over-year totals for all of the above – Monthly sportsbook revenue data compared against the previous year’s data for the same month

Sportsbook Hold Data

  • Monthly hold percentage – The amount of monthly sportsbook hold in percentage of all action
  • Month-to-month hold percentage increase/decrease – The total increase or decrease in sportsbook hold as a percentage of the previous month’s hold (not a net change in monthly percentage totals)
  • Monthly year-over-year totals for all of the above – Monthly sportsbook hold data compared against the previous year’s data for the same month

Sportsbook Tax Revenue Data

  • Monthly tax dispersal (USD) – The amount of monthly tax revenue contributed by state sportsbooks in US dollars
  • Month-to-month tax revenue increase/decrease (USD) – The total increase or decrease in sportsbook tax revenue compared to the previous month in US dollars
  • Month-to-month tax revenue increase/decrease (percentage) – The total increase or decrease in sportsbook tax revenue compared to the previous month in percentage of change
  • Monthly year-over-year totals for all of the above – Monthly sportsbook tax revenue data compared against the previous year’s data for the same month

Additional Sportsbook Data

  • Method of legalization (amendment/bill)
  • State sports betting regulatory body/bodies
  • Minimum legal sports betting age
  • Launch dates for brick-and-mortar sports betting
  • Launch dates for online sports betting
  • Number of venues currently offering sports betting
  • Availability of brick-and-mortar sports betting
  • Availability of online sports betting
  • State sports betting tax rate
  • Sports betting tax allocation (initiatives funded by sports betting tax revenue, i.e. where the money goes)
  • Estimated tax impact in each state’s sports betting bill (where available)
  • AGA-Oxford Economics prediction baseline for state (2017)
  • Real tax impact shown in dollars and percentages of estimated tax impact (where available)
  • Year-to-date totals for handle, revenue, hold, tax dispersal
  • Year-over-year totals for handle, revenue, hold, tax dispersal
  • Best-performing months for the current year (revenue, hold, tax dispersal)
  • Best-performing months on record (revenue, hold, tax dispersal – since 2018)

2017 AGA-Oxford Economics Sports Betting Study

In May 2017, the AGA and Oxford Economics released the study “Economic Impact of Legalized Sports Betting." This was used to help guide states in their pre- and post-PASPA decision-making as to whether or not it would make sense to adopt legal sports wagering within their borders.

The study outlined handle and revenue predictions based on availability metrics (Limited, Moderate, Convenient) and tax rate ranges (Low, Base, High). For each state that offers legal domestic sports betting, we’ve shown the AGA-Oxford handle and revenue estimates so they can be compared against real-world numbers.

Note: The federal government charges a 0.25% tax on state betting handle, though as of 2021, there is an active bill in Congress (HR 7790) to repeal this part of the IRS code.

Legal Sports Betting States Not Yet Reporting Revenue

There are several states where sports betting is legal but hasn’t yet launched. In some cases, domestic sportsbooks and sports betting revenue information is likely a year or more out, as regulatory frameworks have yet to be finalized.

We expect the following states to have local sportsbooks up and running sometime before the start of the 2021 NFL season (though some states, like Connecticut, could see further delays due to tribal compact issues):

  • Arizona – Pending governor signature
  • Connecticut – Pending tribal agreement
  • Louisiana – Passed via referendum, Nov. 2020 (56 of 64 parishes approving)
  • Maryland – Passed via referendum, Nov. 2020 (Question 2), pending governor signature
  • North Carolina – Pending launch
  • Oklahoma – Pending launch
  • South Dakota – Passed via referendum, Nov. 2020 (Amendment B)
  • Washington – Pending tribal agreement

Current State Sports Betting Revenue - Comprehensive Data Chart

The following table shows the current month’s sports betting revenue numbers by state, including all applicable data points, monthly deltas for handle, hold, revenue, and more. You can also find information about the best-performing months across all data categories in a given state, allowing for meaningful comparisons and performance tracking. This is by far the most comprehensive and in-depth state betting revenue tracker on the Internet.

Sports Betting Revenue Key - Complete Chart

The chart below is structured to provide granular information at a glance. Each block of columns includes data relevant to the main leading column’s category: Handle, Revenue, Hold, Tax. The columns immediately after each of these are labeled with most or all of the following headers (as applicable):

M2M (USD) – Month-to-month diff. in US dollars
M2M (%) – Month-to-month diff. in percentage
YTD Year-to-date totals for given category
MYOY – Year-over-year diff. from same month last year
YOY - Year-over-year annual totals compared to previous year

N/A - Revenue Data Not Reported (see state breakdowns for details)
Best Month 2021 - Best month of the current year for the given data category
Best Month Ever - Best month ever for the given data category

*Note: Revenue table is scrollable (left to right). For a more detailed explanation of each category’s datapoints, please scroll down this page. For more detailed numbers specific to each state’s sportsbook performance, please use the dropdown menu for the state in question.

StateMonthHandle M2M (USD)M2M (%)YTD MYOY  YOY  Best Month 20  Best Month Ever  RevenueM2M (USD)M2M (%)YTDMYOYYOYBest Month 20Best Month Ever Hold %M2M %MYOYBest Month 20Best Month Ever Tax (USD)M2M (USD)M2M %YOYMYOYBest Month 20Best Month Ever
Arkansas21-Mar$5,947,426 $1,477,984 33.07%$17,604,062 $4,359,024*Oct $6,559,8591/21 $7,187,194$807,091 $151,735 23.15%$2,850,705 $584,718  *  Dec. $1,054.272  1/21 $1,388,986 13.58%-7.37%-0.42%Dec. 16.43%7/19 18.47%$130,877 $37,954 40.84%$92,567 $92,567 Dec. $137,0551/21 $180,474
Colorado21-Mar$300,990,840 $34,441,633 12.92%$894,443,509 **Dec. $284,551,4721/21 $326,903,462$20,365,119 $9,920,309 94.98%$53,954,434 **Nov. $18,354,6551/21 $23,144,5056.77%72.70%*May 10.01%5/20 10.01%$1,060,854 $728,627.00 219.32%**Oct. $824,7001/21 $1,195,744
Delaware21-Mar$6,666,115 ($853,595)-11.35%$29,835,079 $2,789,047 ($42,245,625)Oct. $19,510,09312/19 $20,466,561$1,104,860 $425,839 62.71%$4,825,941 $451,733 ($2,325,809)Nov. $8,162,86211/20 $8,162,86216.57%83.50%-0.28%Nov. 41.84%11/20 41.84%$482,174 $227,974 89.68%$196,431 19643100%Nov. $2,950,75811/20 $2,950,758
D.C.21-Mar$15,275,215 ($27,864)-0.18%$46,324,462 **Oct. $18,535,84610/20 $18,535,846$1,867,034 $534,015 40.06%$6,005,545 **Nov. $3,611,20011/20 $3,611,20012.22%40.30%*Nov. 20.52%11/20 20.52%$186,703 $53,401 40.06%**Nov. $361,12011/20 $361,120
Illinois21-Feb$509,794,592 ($71,758,708)-12.34%$1,091,347,892 **Nov. $449,239,16212/20 $491,720,536$35,393,768 ($12,551,530)-26.18%$83,339,066 **Oct. $42,200,30010/20 $42,200,3006.94%-15.78%*Oct. 9.71%10/20 9.71%$5,309,065 ($1,882,730)-26.18%**Oct. $6,330,04510/20 $6,330,045
Indiana21-Mar$316,717,762 $42,824,689 15.64%$938,855,511  $ 241,898,960* Dec. $313,112,474  1/21 $348,244,676 $26,350,639 $9,394,735 55.41%$72,636,612 $20,854,999 *Nov. $25,332,1201/21 $29,330,0698.32%34.41%1.02%Nov. 10.08%9/19 24.3%$2,503,311 $892,500 55.41%$1,981,226 $1,981,226 Nov. $2,406,5511/21 $2,786,357
Iowa21-Mar$161,439,561 $17,824,391 12.41%$454,579,520 $141,862,576*Dec. $104,815,6303/21 $161,439,561$13,454,158 $5,746,010 74.54%$32,505,609 $12,282,994 *Oct. $9,098,9953/21 $13.454.1588.33%55.12%2.43%Oct. 11.11%8/19 25.21%$908,011 $387,567 74.47%828840$828,840 Dec. $765,6731/21 $908,011
Michigan21-Mar$383,681,892 $58,112,855 17.85%$860,100,825 **Oct. $46,120,8243/21 $383,681,892$21,951,244 $12,555,952 133.64%$48,742,679 **Oct. $7,596,9723/21 $21,951,2445.72%97.92%*Dec. 19.37%12/20 19.37%$648,202 $501,622 342.22%**Oct. $287,1663/21 $648,202
Mississippi21-Mar$50,546,886 $2,739,312 5.73%$166,062,088 $39,797,483 *Oct. $61,192,4251/21 $61,192,425$5,237,031 $630,191 13.68%$18,958,354 $4,588,384 *Oct. $8,769,60010/19 $12,295,35710.36%7.47%4.33%May 37.08%5/20 37.08$628,444 $75,623 13.68%$550,606 $550,606 Oct. $1,052,35210/19 $1,475,443
Montana21-Mar$4,093,444 $238,816 6.20%$13,747,162 **Dec. $4,947,5961/21 $5,799,090$587,916 $91,959 18.54%$1,825,881 **Dec. $655,1691/21 $742,00814.36%1.49%*Mar. 38.04%3/20 38.04%*******
Nevada21-Mar$640,781,759 $86,938,281 15.70%$1,841,304,249 $499,616,710 ($1,035,819,029)Oct. $659,222,39510/20 $659,222,395$39,344,000 $7,498,000 23.54%$123,571,000 $37,890,000 *Nov. $61,807,00011/20 $61,807,0006.14%6.78%5.11%Nov. 10.14%11/20 10.14%$2,655,720 $506,115 23.54%$2,557,575 $2,557,575 Nov. $4,171,97311/20 $4,171,973
New Hampshire21-Mar$55,800,096 $4,804,747 9.42%$166,590,878 $47,031,327 *Dec. $51,649,8971/21 $59,765,433$4,254,732 $2,466,802 137.97%$10,239,691 $3,436,127 *Dec. $4,527,65312/20 $4,527,6537.62%117.09%-1.72%July 10.92%12/19 12.41%$1,925,260 $1,155,873 150.23%*$1,531,031 Nov. $2,323,84311/20 $2,323,843
New Jersey21-Mar$859,617,961 $116,664,633 15.70%$2,561,288,815 $677,709,432 *Dec. $996,300,79412/20 $996,300,794$60,755,472 $14,541,608 31.47%$189,610,315 $47,574,371 *Dec. $66,386,5161/21 $82,640,9797.07%13.67%-0.18%Jan. 9.92%5/19 21.08%$7,746,512 $1,946,169 33.55%$6,014,236 $6,014,236 Dec. $8,269,6761/21 $10,362,389
New Mexico*****************************
New York*21-Mar********$1,845,685 $692,409 60.04%$6,568,816 **Dec. $10,768,72612/20 $10,768,726*****$184,569 $69,241 60.04%*$174,618 Oct. $262,3461/21 $356,986
Oregon21-Mar$24,054,960 ($5,545,190)-18.73%$88,591,001 $15,047,100 *Oct. $29,455,2281/21 $34,935,891$1,374,377 ($1,310,400)-48.81%$7,931,758 $436,627 *Nov. $4,116,31411/20 $4,116,3145.71%-37.05%-4.70%Nov. 16.44%11/20 16.44%*******
Pennsylvania21-Mar$560,259,181 $50,711,361 9.95%$1,685,101,828 $428,929,122 *Dec. $548,590,0651/21 $615,294,827$29,352,345 $12,972,538 79.20%$79,702,548 $22,463,090 *Nov. $37,350,24611/20 $37,350,2467.32%12.44%0.77%Nov. 9.86%3/19 12.4%$9,979,797 $4,410,662 79.20%$7,637,450 $7,637,450 Nov. $12,699,08411/20 $12,699,084
Rhode Island21-Mar$38,583,919 $4,473,815 13.12%$112,511,350 $29,634,762 *Nov. $35,098,4451/21 $39,817,327$3,976,140 $2,420,316 155.56%$9,249,164 $3,134,373 *Nov. $6,281,32111/20 $6,281,32110.31%126.10%0.91%Nov. 17.9%11/20 17.9%$2,027,831 $1,234,361 155.56%$1,598,530 $1,598,530 Nov. $3,203,47411/20  $3,203,474
Tennessee21-Mar$205,900,000 $29,600,000 16.79%$312,344,523 **Dec. $180,900,0001/21 $211,300,000$18,000,000 $5,000,000 38.46%$52,800,000 **Dec. $13,900,0001/21 $21,800,0008.74%**Nov. 10.10%1/21 10.32%$3,200,000 $600,000 23.08%**Dec. $3,080,0003/21  $3,200,000
Virginia21-Jan$58,896,564 **$58,896,564 ***1/21 $58,896,564$3,586,077 **$3,586,077 ***1/21 $3,587,0776.09%***1/21 6.09%$39,710 *****1/21 $39,710
West Virginia21-Mar$42,751,230 $4,537,455 11.87%$148,563,355 $28,045,930 *Sep. $64,433,4591/21 $67,598,350$3,889,447 ($38,104)-0.97%$13,498,380 $2,788,060 *Dec. $4,761,1081/21 $5,681,3829.10%-11.48%1.61%July 11.68%9/18 29.08%$330,603 ($3,238)-0.97%$300,469 $236,980 Dec. $404,6841/21 $482,917