Kentucky Sportsbooks Enjoy Double-Digit Holds in First Two Months of 2024

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Kentucky’s online and retail sports betting operators produced a combined handle of $465.5 million and nearly $60 million in profits for the first two months of 2024.

Online sports betting remained a significant driver of wagering in the Bluegrass State, contributing $444.7 million to the two-month handle. a January handle of $257.1 million, down 2.6% from December 2023, but a 14.9% hold led to $38.2 million in adjusted gross revenue.

FanDuel wasn’t far behind in January with an $85.1 million handle, but the gap widened in February as DraftKings brought in nearly $13 million more in handle. However, FanDuel generated more profits, thanks to an 18% hold in January that equaled $15.3 million in revenue.

 

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