Sportsbooks in The Copper State saw an 11% increase in handle during the summer's final full month, totaling $358.8 million in wagers. Despite the volume, August's 8.6% hold fell short of July's 10.6%.
in The Copper State is coming out of hibernation thanks to the upcoming football season, although the player's winnings hurt the state’s tax bill.sportsbooks accepted $358.8 million — an 11% monthly increase — in August. After paying out $327.1 million back to players, the operators kept $30.8 million in winnings before deducting free bets from the net revenue.
The hold percentage hit 8.6%, well short of July’s 10.6%, meaning that despite the spike in wagers the operators lost money compared to July., 13 were profitable in August: They reported a combined profit of $20.7 million. Of the retail operators, 11 of the 13 were profitable and totaled roughly $647,000. From those numbers, the state’s tax bill hit $2.1 million. July in comparison saw $2.6 million in taxes.market. DraftKings was the most popular online operator with $115.5 million .
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