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Sports gambling revenue by state

SB Revenue: State Taxes: 21-Jan: 180 (14) $646,679,012: 8.10%: $52,381,000: $3,535,718: 21-Feb: 180 (14) $553,843,478: 5.75%: $31,846,000: $2,149,605: 21. Nevada Sports Betting Revenue. As the first state to legalize sports betting, Nevada has remained a top player in the industry. Since legalization, the state of Nevada has amassed a total of $937,767,359 in sports betting revenue. 2021. In the first two months of 2020, Nevada collected $128,854,843 in sports betting revenue. 32 rowsRevenue: Gross gaming revenue; handle minus payouts; Hold: Percentage of handle won (or lost) by. 28 rowsRevenue Hold State Revenue; November 2018: $682,714: $72,997: 10.7%: $37,228: December 2018:. Sports Betting Revenue Tracker - Sportsbook Revenue By State Sports Betting Revenue Tracker - US Betting Revenue Sports Betting Revenue By State, US Sports Betting Revenue Sports Betting Revenue Tracker - Sportsbook Revenue By State Although New Jersey has proven to be steep competition for the most profitable sports betting state, Nevada's nearly 200 licensed sportsbooks offer plenty of competition to keep it pulling in the revenue. In 2020, the state pulled $285 million in revenue; an impressive total considering the state lost several months of revenue to the pandemic.

Tax Rate: 12.5% for retail sports betting revenue. No revenue reports for Arkansas sports betting have been released. Iowa. Legalized land-based and online/mobile wagering: May 2019. Launched August 2019 Tax Rate: 6.75% of revenue. Indiana. Legalized land-based wagering: Launched September 2019. Legalized online/mobile wagering: Launched October 2019. Fun Fact: In its first month of mobile wagering, New York attained the “triple crown” of having the highest national monthly handle, gross gaming revenue, and state tax receipts in the post-PASPA era. Tax rate on sportsbook operators: 10% on land-based revenue; 51% on gross mobile revenue; Oregon sports betting totals New York: Top State with $ 58,283,849 Total Online Sports Betting State Tax Revenue (USD) Pennsylvania New Jersey Tennessee Louisiana New Hampshire Colorado Michigan Illinois Virginia $0 $2,000,000... In October 2020, the state hit a sports betting all-time high with $81.9 million in total handle. The overall online handle of $56 million during the month was also a record high for the state. William Hill, the market leader,. Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and illegal, underground cockfighting. It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards.

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Sports gambling revenue by state

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