announced that July’s handle was nearly identical to June. Last month saw $91.5 million in wagers compared to June’s $91.4 million. But July’s revenue came back much higher than the previous month. , reported $10.3 million in unadjusted revenue, which was nearly 20% higher than June’s $8.6 million. The jump in profits was thanks to an increase in the hold percentage, where operators kept roughly 11% of the bets they took in.
And when the sportsbooks win so too do the state coffers. The tax bill in July came back above $1 million, hitting $1.2 million thanks to increased profits fromand the state’s retail locations. DraftKings saw their revenue climb 47% month over month and the retail market as a whole increased by 163% versus June.
Retail operators, while they increased their revenue, saw a drop in action last month. July’s $5.9 million in wagers is the lowest reported by the brick-and-mortar locations since sports betting launched. For the first time since March 2023 DraftKings saw more action than rivalDraftKings reported $39.9 million in wagers, which was a 15% increase while FanDuel saw their handle fall 11% to $36.3 million.
, who has always been well behind the other 2 operators, saw a slight increase in their wagers. After $8.5 million in bets in June, July saw a boost to $9.2 million. Pages related to this topic
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