Published: December 24, 2024
US Sports Betting Revenue & Handle
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 close to $40 billion of lifetime gross revenue from almost $450 billion in total handle.
New Jersey’s ascension was one of the main storylines of the early post-PASPA period, and it continues to sit atop the leaderboard after moving in front of Nevada for good in April 2021. New York is quickly closing the gap, though. Its online industry is relatively young, but its eye-popping start has it on pace to claim the overall top spot within the next year.
Here’s the running total for sports betting handle and revenue reported to date across all active markets:
| Market | Handle | Revenue | Hold | Taxes |
|---|---|---|---|---|
| New Jersey | $57,245,622,491 | $4,408,062,813 | 7.7% | $614,470,389 |
| New York | $56,263,188,307 | $5,005,212,739 | 8.9% | $2,525,909,591 |
| Nevada | $43,959,028,641 | $2,560,987,000 | 5.8% | $172,866,623 |
| Illinois | $41,269,075,796 | $3,439,866,688 | 8.3% | $584,238,127 |
| Pennsylvania | $34,103,302,942 | $2,904,912,168 | 8.5% | $707,472,071 |
| Colorado | $21,314,410,318 | $1,515,134,607 | 7.1% | $92,138,667 |
| Arizona | $19,775,345,860 | $1,716,123,387 | 8.7% | $101,763,247 |
| Indiana | $19,489,087,094 | $1,732,742,696 | 8.9% | $164,656,382 |
| Virginia | $19,157,254,443 | $1,876,377,658 | 9.8% | $224,239,220 |
| Michigan | $18,615,173,297 | $1,640,712,183 | 8.8% | $81,853,430 |
| Tennessee | $15,884,368,398 | $1,567,301,568 | 9.9% | $282,998,590 |
| Ohio | $14,441,340,564 | $1,661,421,501 | 11.5% | $279,334,333 |
| Massachusetts | $11,609,057,752 | $1,095,541,471 | 9.4% | $212,505,295 |
| Maryland | $10,916,745,999 | $1,256,823,761 | 11.5% | $128,518,995 |
| Iowa | $10,086,929,276 | $755,978,551 | 7.5% | $51,060,415 |
| Louisiana | $8,583,965,123 | $1,025,006,020 | 11.9% | $137,301,441 |
| Connecticut | $5,561,738,518 | $578,049,345 | 10.4% | $61,396,445 |
| Kansas | $5,125,074,282 | $460,458,358 | 9.0% | $23,995,864 |
| North Carolina | $4,758,602,055 | $547,926,748 | 11.5% | $90,373,118 |
| New Hampshire | $3,422,767,351 | $286,146,950 | 8.4% | $129,176,133 |
| Kentucky | $3,219,188,892 | $369,538,227 | 11.5% | $51,190,439 |
| Mississippi | $2,892,025,368 | $322,119,961 | 11.1% | $38,654,395 |
| West Virginia | $2,729,087,355 | $249,143,078 | 9.1% | $24,916,217 |
| Oregon | $2,543,546,940 | $267,289,792 | 10.5% | $133,644,896 |
| Rhode Island | $2,319,073,482 | $203,369,532 | 8.8% | $103,718,461 |
| Arkansas | $1,128,328,737 | $106,589,095 | 9.4% | $15,447,423 |
| District of Columbia | $1,066,036,225 | $132,327,267 | 12.4% | $36,354,045 |
| Delaware | $793,287,746 | $134,897,963 | 17.0% | $81,239,042 |
| Maine | $549,618,240 | $58,422,968 | 10.6% | $6,024,424 |
| Wyoming | $541,487,175 | $58,065,913 | 10.7% | $3,395,136 |
| Montana | $239,077,751 | $31,417,725 | 13.1% | $4,505,970 |
| Vermont | $169,085,388 | $19,570,629 | 11.6% | $11,293,656 |
| South Dakota | $26,084,873 | $2,788,808 | 10.7% | $250,993 |
| Florida | ? | ? | ? | |
| Nebraska | ? | ? | ? | |
| New Mexico | ? | ? | ? | |
| North Dakota | ? | ? | ? | |
| Washintgon | ? | ? | ? | |
| Wisconsin | ? | ? | ? | |
| Total | $439,798,006,681 | $37,990,327,170 | 8.6% | $7,176,903,473 |