Maine sports betting tops $51 million in November

Finance News

Revenue numbers from the Maine Gambling Control Unit in the Department of Public Safety showed that sports gambling action, spurred by the NCAA basketball tournaments, dramatically increased in November.

The total handle, or the amount wagered by bettors, for DraftKings and Caesars, the state’s two sportsbooks, increased from roughly by 38% to $51.9 million. The 38% increase set the mark for the busiest month of sports wagering in Maine since it legally debuted here in November.

While the handle went up, Maine’s takeaway went down. The record-setting handle yielded roughly $2.7 million in adjusted gross receipts, and a $270,606.66 haul for the state. Maine pulled in $425,602.12 in February and $546,149.15 in January.

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