Maine online sports handle hits $500 million in first year
13 Nov 2024
Maine’s sports betting handle was $501 million in the first 12 months, the second-highest since the state launched sports betting according to the Maine Gambling Control Unit, revenue was up to $52.0 million.
There are currently two licensed sports wagering operations in the state. In July, DraftKings, partnered with the Passamaquoddy tribe, posted $36.8m in bets.
Caesars, partnered with the Wabanaki nations Houlton Band of Maliseet Indians, Mi’kmaq nation, and Penobscot nation, reported $5.9m. Maine, according to the report, keeps 10 percent of adjusted gross receipts in tax. October’s figures resulted in $603,283 paid to the state.