WYOMING BETTING HANDLE DOUBLES IN SEPTEMBER
Sports betting handle in Wyoming increased by 117 per cent year-on-year to $13.58m in September, marking the second highest monthly handle since the regulated market opened a year ago.
The increased handle combined with a strong margin of 14.2 per cent to give the state’s four licensed operators total gross win of $1.93m, an increase of 102 per cent on September 2021 and the highest monthly performance of the year.
After permitted deductions and federal excise tax, September’s adjusted taxable revenue amounted to $1.16m.
Since the market’s launch in September 2021, DraftKings has accounted for 58 per cent of all wagers in Wyoming. BetMGM also began operating last September and has a 35 per cent share.
FanDuel was a later entrant in March of this year and has been slowly building its share of lifetime wagers. It had 6 per cent share of all wagers by September. Caesars only launched its sportsbook in August and has a share of less than 1 per cent.
In the first nine months of 2022, total betting handle amounted to $95.46m with gross win of $9.47m. Adjusted taxable revenue came to $4.71m.
Comments are closed.