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January Sports Gambling In Maine Sees $38M In Handle, A 14% Monthly Drop

The Maine Gambling Control Unit reported nearly $5.6M in gross sports betting revenue for January, up 27% monthly, despite a handle drop.

Maine's Connor Goodman At NCAA Baseball Game
Katarina Vojvodic Avatar
2 mins read

According to Maine regulators, players in the state spent $38.13 million between Caesars Sportsbook and DraftKings Sportsbook last month.

Total betting figures in January compares to:

January marks Maine sportsbooks’ third month of operation as they went live on Nov. 3, 2023.

January sports betting handle (also referred to as a total bet amount) is a 14.28% month-over-month decrease, representing a decrease of over $6 million.

DraftKings gets 84% of Maine’s January sports betting action

Of the total bet amount reaching $38.13 million, DraftKings was responsible for most of the action. Namely, the US gambling giant managed to attract 84.09% of the January handle.

Here’s a quick breakdown:

  • DraftKings (partnered with the Passamaquoddy tribe): $32.07 million in total bets
  • Caesars (partnered with the Penobscot Nation, the Houlton Band of Maliseets, and Mi’kmaq tribes): $6.07 million in betting handle

Both operators showed a monthly decrease from the total amount gambled in Maine in December 2023, as follows:

  • DraftKings’ January handle is a 9.39% month-over-month drop
  • Caesars’ total bets represent a monthly decline of 33.30%

Maine sportsbooks collect $5.5M in revenue, a 25% monthly increase

The Maine Gambling Control Unit’s January 2024 report reveals that Caesars Sportsbook and DraftKings generated $5.46 million in taxable revenue.

Maine levies a 10% privilege tax on adjusted gross revenue for both licensees. As a result, the state collected $546,149 in taxes in January.

Like the betting handle, most of the revenue (86.38%) came from DraftKings. Of the total revenue amount collected in January:

  • DraftKings made $4.72 million
  • Caesars generated $743,762

Despite the monthly decrease in betting handle from December, January revenue represents a 24.73% monthly progress for the Maine operators.

A portion of Maine’s tax revenue goes toward several specified state programs. These include:

  • The state government’s General fund
  • Administrative expenses gambling control unit
  • Gambling addiction prevention and treatment fund
  • Harness racing commission
  • Sire Stakes
  • Agricultural Affairs
Katarina Vojvodic Avatar
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Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

View all posts by Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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