The Bluegrass State saw it’s $150.3 million handle fall 17.1% compared to May while revenue of $15.8 million slipped 27% month-over-month.
The Bluegrass State produced its lowest full month of sports betting handle and revenue since online wagering began in late September 2023. that online and retail sportsbooks combined to accept $150.3 million of wagers in June, down 17.1% from May. It was the first true summer slowdown month for Bluegrass bettors as the NBA and NHL wrapped up their seasons and MLB presented the majority of major betting events.
Gross revenue fell 27% month-over-month to $15.8 million while the 10.5% hold, seventh lowest all-time, dropped nearly 1.5 points from May. Despite the lower figures in June, the amount wagered in Kentucky all-time surpassed $2 billion while operators have hauled in more than $250 million of profits and filled Kentucky’s coffers with $35.3 million in tax revenue. has also generated a handle of $1.2 billion and revenue of more than $143.9 million in the first six months of 2024.
ESPN BET had the second-highest win rate for June at 10%, but the PENN Entertainment-owned sportsbook mustered just the sixth-best handle and made half of BetMGM’s total revenue. Fanatics wasn’t far behind with a handle of $4 million, and Circa produced a 13% hold on a handle of $805,833 in its first full month since launching in Kentucky in May. Retail sports betting produced a handle of $4.6 million in June, down from May’s $5.8 million. Brick-and-mortar shops combined for an 11.3% hold.
Churchill Downs made up much of Kentucky’s amount wagered, accounting for $2.3 million at its Kambi-operated sportsbook. Turfway Park finished second with a handle of $821,930 while Red Mile generated $782,285 in bets.If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US home sales fell in June to slowest pace since DecemberSales of previously occupied U.S. homes fell in June for the fourth straight month as elevated mortgage rates and record-high prices kept many would-be homebuyers on the sidelines
Lire la suite »
'Mama June: Family Crisis': Mama June Shocks Husband Justin With a Surprise Vow Renewal (Exclusive)Mama June has a surprise for her husband, Justin, that she believes will help their marriage.
Lire la suite »
Mama June's Surprise Vow Renewal Backfires Amid 'Family Crisis'Mama June on &39;Mama June: Family Crisis.&39;
Lire la suite »
Mama June and Family Break Down in Tears During Emotional FinaleMama June on &39;Mama June: Family Crisis.&39;
Lire la suite »
Private payroll growth slowed to 122,000 in July, less than expected, ADP saysCompanies added just 122,000 jobs on the month, the slowest pace since January.
Lire la suite »
Private payroll growth slowed to 122,000 in July, less than expected, ADP saysCompanies added just 122,000 jobs on the month, the slowest pace since January.
Lire la suite »