Kentucky sportsbooks combined to haul in $624.9 million in wagers and $66.9 million in revenue from March through May.
Kentucky is nearing $2 billion in total wagering activity through its first nine months of legalized commercial betting.
So far, state coffers have collected $17.6 million in year-to-date tax revenue, with $9.2 million of that coming between March and May. Kentucky online sportsbooks turned in $20.6 million in revenue in May from a $175.5 million total online handle, good for an 11.9% hold. Kentucky’s seven retail sportsbooks nearly matched with their own cumulative 11.2% hold in May, generating $650,500 in earnings from $5.8 million in handle.
The other five Kentucky online sportsbooks generated over $1 million in revenue in that period, but none eclipsed the $5 million mark. bet365 was the best of the rest in both total handle and total revenue. It was a milestone year for the annual Run For The Roses where Mystik Dan won the 150th running of the Kentucky Derby in a photo finish, at 18-1 odds.
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