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

Written By Katarina Vojvodic on February 8, 2024
Maine's Connor Goodman At NCAA Baseball Game

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
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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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