Sports betting across the US saw $3,996,076,889 wagered in February, only $378,923,111 less than January. That’s more than projected for a short month with one football game. As of today, 5 states have reported betting data. Based on those, March is expected to be another record month.
March 2021 Sports Betting Handle
|
State |
Handle |
Revenue |
Tax Revenue |
|
Delaware |
$6.7 Million |
$965,419 |
$482,174 |
|
Indiana |
$317 Million |
$26.4 Million |
$2.5 Million |
|
Iowa |
$161.4 Million |
$13.5 Million |
$908,011 |
|
W. Virginia |
$42.8 Million |
$3.9 Million |
$330,603 |
|
Gambet DC |
$3.8 Million |
$715,244 |
$– |
Delaware experienced a decline from February. Revenue and taxes did increase. That’s good for a state not offering an online product. Casino’s driven by foot traffic will continue to be impacted by Covid.
Indiana used basketball to bounce back from a weak February reporting $317m in bets placed. The bulk of that number comes from $279m in online wagers, compared to $37.5m from retail locations.
The partnership between Ameristar East Chicago and DraftKings/theScore accounted for the majority of the handle at $120,414,215. $114,224,535 was from online betting while $6,189,680 was from walk-up sportsbooks.
Blue Chip Casino/FanDuel came in second with $92,409,340 in handle. $91,260,954 came online and $1,148,386 was through the casino.
Third, Belterra/BetMGM took $40,237,180 in bets, $39,432,282 online and $804,898 at the retail location.
Iowa surpassed January and February performance, reporting handle at $161.4m. March was a record-breaking month for the state, with highs in both revenue at $13.5m and taxes at $908,011.
11 Online Sportsbook operators operate in the state and aggressively marketed the tournament knowing that college basketball is popular in Iowa. $139.4 million in online bets were placed. $22 million was bet at retail locations.
Washington DC’s GambetDC did not experience growth growth in March. Handle came in at $3.8 million, $200k shy of February, yet revenue did increase by $115k. ODDS.com attributes the lack of growth to less marketing, which is typical of sportsbooks under their state’s lottery.
William Hill, a global brand and the only other licensed bookmaker in DC, is expected to report soon. Growth from WillHill would again highlight how lottery-run bookmaking can fall short.
Can we expect Record Breaking March Numbers for The Rest of The States?
ODDS.com has made projections for states yet to report:
|
State |
Handle |
Prev. High |
Revenue |
Prev. High |
|
Arkansas |
$5.5m |
$7.2m |
$1.39m |
$1.4m |
|
Colorado |
$337.7m |
$326.9m |
$23m |
$23.1m |
|
Illinois |
$590.1m |
$581.5m |
$48m |
$47.9m |
|
Michigan |
$419.5m |
$325.6m |
$26.8m |
$17.4m |
|
Mississippi |
$68m |
$67.7m |
$13.7m |
$12.3m |
|
Nevada |
$660m |
$659.9m |
$53m |
$61.8m |
|
New Hampshire |
$62.7m |
$59.8m |
$5.2m |
$4.8m |
|
New Jersey |
$990m |
$996.3m |
$60.1m |
$82.6m |
|
Oregon |
$35.8m |
$34.9m |
$4m |
$4.1m |
|
Pennsylvania |
$620.6m |
$615.3m |
$55.4m |
$49.3m |
|
Rhode Island |
$40.26m |
$39,8m |
$5.5m |
$6.3m |
|
Tennessee |
$225.7m |
$211m |
$23.8m |
$21.8m |
|
Virginia |
$325m |
$265.8m |
$15.5m |
$12.2m |