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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 four tables show 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 these charts offer only the most sought-after surface metrics. Our full state-by-state revenue tracker with granular details, month-to-month comparisons, and more are featured in the following section.

Sports Betting Revenue Key - Basic Charts

The charts below offer 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

Complete Sports Betting Industry Revenue By State

As of March 2024, the following US 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 overturn of PASPA on May 14, 2018.

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

Sports Betting Revenue Key

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

YOY - Year-over-year annual totals compared to the previous year
* - An asterisk indicates Revenue Data Not Reported (see state breakdowns for details)
Best Month Ever - The best month ever for the given data category

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 2024 NFL season (though some states could see further delays due to tribal compact issues):

  • Florida - Tribal data not available at this time
  • North Carolina – Initial reports expected soon
  • Oklahoma – Pending launch
  • Vermont - Initial reports expected soon
  • Washington – Pending tribal agreement

Note: While there are still some states that haven't started offering domestic sports betting, online sports betting is available in most cases, depending on local gambling laws. Our state gambling age guide is a great resource for learning more about what gambling options are available in your area.