Most of the betting markets across the country saw a dip in action and revenue this past month, a trend that’s relatively normal for the transition from December to January.
However, Wyoming’s sportsbooks and bettors could’ve cared less about national trends in January. The state posted its highest revenue total and second-highest handle in the past eight months, according to the latest data from the Wyoming Gaming Commission.
Wyoming’s FanDuel and BetMGM see strong growth in January
A look at last month’s numbers reveals some positive signs across the board and standout performances from two books.
FanDuel boosted its handle (total amount bet) from $4.1 million in December to $5.4 million in January. That 30.6% monthly growth was directly responsible for the state’s month-on-month handle growth.
On the revenue side, BetMGM had a fantastic month. The book boosted its December 2023 gaming revenue from less than $36,000 to $548,112 in January. BetMGM’s revenue rose nearly 1,450%.
Sportsbook | January 2024 Handle | December 2023 Handle | Growth | January 2024 Revenue | December 2023 Revenue | Growth |
---|---|---|---|---|---|---|
BetMGM | $3,101,234.03 | $3,098,858.20 | 12.93% | $548,111.73 | $35,397.74 | -816.95% |
Caesars | $415,933.97 | $803,768.13 | 50.58% | $11,169.08 | $5,502.93 | -1330.13% |
DraftKings | $11,391,203.67 | $11,013,077.98 | -8.70% | $1,427,029.66 | $1,269,320.19 | 33.72% |
FanDuel | $5,364,180.37 | $4,108,029.41 | 15.79% | $676,239.09 | $539,403.04 | 41.01% |
Total | $20,272,552.04 | $19,023,733.72 | 2.62% | $2,662,549.56 | $1,849,623.90 | 15.51% |
Monthly sports betting totals among the best since June
The collective efforts of the state’s four sportsbook operators meant excellent monthly numbers and strong seasonal numbers. Handle eclipsed $20 million for the second time in the past eight months.
Revenue turned in its highest total in that same time frame.
Month | Handle | Handle Growth | Gross Revenue | Revenue Growth |
---|---|---|---|---|
January 2024 | $20,272,552.04 | 6.56% | $2,662,549.56 | 43.95% |
December 2023 | $19,023,733.72 | 2.69% | $1,849,623.90 | 18.36% |
November | $18,525,419.66 | -12.76% | $1,562,756.41 | -31.21% |
October | $21,234,828.26 | 10.26% | $2,271,665.01 | 48.87% |
September | $19,259,607.23 | 84.05% | $1,525,986.13 | 26.34% |
August | $10,464,584.46 | 28.47% | $1,207,821.13 | 20.93% |
July | $8,145,480.25 | -14.11% | $998,740.08 | 28.81% |
Amid sports betting success, could Wyoming lawmakers approve online casinos?
Wyoming sports betting handle and revenue have been on a roll lately. Wyoming online casinos? That’s another story.
Earlier this month, the Wyoming House voted against online casino legalization this year. However, the rejection could be a good sign. Lawmakers initially voted against sports betting but then approved it the following year.