Kentucky's Sports Betting Handle Stays High, Revenue Drops In December

2026-04-28T07:04:08Z

MauricioLaurens: Created page with " Kentucky ended 2024 with an 11% year-over-year increase in sports betting action. The Kentucky Horse Racing and Gaming Corporation reported that $293 million was bet in December 2024, the [http://siva-smart.ch/index.php?title=Benutzer:RudolphSeale962 second-highest handle] behind November 2024's $301.7 million. This marked the fourth successive month with action surpassing $250 million. However, the lowest hold on gross profits produced yet in t..."

Kentucky ended 2024 with an 11% year-over-year increase in sports betting action. The Kentucky Horse Racing and Gaming Corporation reported that $293 million was bet in December 2024, the [http://siva-smart.ch/index.php?title=Benutzer:RudolphSeale962 second-highest handle] behind November 2024's $301.7 million. This marked the fourth successive month with action surpassing $250 million. However, the lowest hold on gross profits produced yet in the Bluegrass State caused just $20.2 million in revenue, a 38% decline from December 2023 and down nearly 45% [https://www.arenagames.us/index.php?title=User:LarryF655957 month-over-month]. Similar to October, when Kentucky's online and retail [http://wiki.votesmart.org/FlorankOquendoer operators produced] a 7.7% hold, NFL favorites had great success in the final full month of the routine season. Bettors cashed in, [https://suachuamaybienap.com/index.php/User:KendraLenehan14 leading] to a 6.9% hang on gross revenue that was down five points from November. The of $19.5 million began a 6.7% hold, also the most affordable ever in Kentucky. The [https://www.nuriakigrid.com/index.php?title=User:Kristian50M Bluegrass] State transported in $2.9 million in tax profits, down from the $5 million gotten in November. Exceeding forecasts Kentucky's very first complete year of sports wagering produced $2.6 billion in wagers and $283.7 million in gross revenue from a 10.7% hold. Adjusted earnings reached $276.9 million behind a double-digit win rate. When sports wagering first began in the [http://tpp.wikidb.info/%E5%88%A9%E7%94%A8%E8%80%85:MaureenBrunker Bluegrass] State in 2023, authorities projected $23 million in annual tax profits. In 2024 alone, the state collected $39.3 million. Kentucky has actually filled its [https://grape.ikw.cloud/katiajeppesen coffers] with almost $55 million in 15 months of operation. DraftKings nearly creates $1 billion Legal online sports [https://musikpedia.id/index.php?title=Pengguna:DaleneDarrow7 wagering] [https://metazoowiki.com/index.php/User:LaceyLawlor produced] $285.5 million in wagers and $20.3 million in gross income throughout December. [http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:IngridMarlay70 DraftKings] almost [https://www.uniquetools.co.th/dehydrator/%E0%B8%95%E0%B8%B9%E0%B9%89%E0%B8%AD%E0%B8%9A%E0%B8%A5%E0%B8%A1%E0%B8%A3%E0%B9%89%E0%B8%AD%E0%B8%99-10-%E0%B8%96%E0%B8%B2%E0%B8%94/ matched] its record-setting November with a December handle of $111.7 million, down about $700,000 from the previous month. Gross earnings fell from $15 million to $8.7 million [https://azbongda.com/index.php/Th%C3%A0nh_vi%C3%AAn:RheaCornett856 month-over-month]. The [https://www.garagesale.es/author/noeminathan/ online sportsbook] [https://gl.ignite-vision.com/earnestine14w completed] 2024 with the highest deal with, falling less than $2 million shy of $1 billion in the quantity wagered for the year. FanDuel generated a greater [https://wiki.arbyten.de/index.php?title=Benutzer:RenaDov198403337 profit margin] in December, receiving $9.1 million of gross revenue on a $95.4 million manage. FanDuel's 9.5% hold was the highest amongst all eight online operators, and the online sportsbook ended up second in yearly handle with $862 million in 2024. No other sportsbook reached $1 million in earnings during December. bet365 [https://youngstersprimer.a2hosted.com/index.php/User:MattieBloomer5 completed] third with a $23.9 million manage while BetMGM, Caesars, and Fanatics Sportsbook all reached $13 million. Circa Sports lost over $800,000 on a handle of $6.8 million to end at a loss for 2024. On $6.7 million in wagers, ESPN BET [https://www.adpost4u.com/user/profile/4369959 generated] a 3.2% hold in December but still benefited $7.2 million for the year. Retail falters again Brick-and-mortar [https://wiki.educom.nu/index.php?title=Gebruiker:CandelariaJephco sportsbooks] took an almost $52,000 loss on a $7.6 million handle in December. [https://drashley.com/immune-boosting-tea/ Adjusted income] [https://www.ituac.com/elyseausterlit finished] $70,000 in the red. It's the 2nd time in 3 months that retail sports wagering operators took a loss. In October, three of the 8 shops reported [http://www.annunciogratis.net/author/charlinelee adjusted revenue] numbers in the red.

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2026-04-28T07:03:58Z

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Kentucky's Sports Betting Handle Stays High, Revenue Drops In December

User:MauricioLaurens