{"id":1583404,"date":"2024-06-07T10:15:50","date_gmt":"2024-06-07T14:15:50","guid":{"rendered":"https:\/\/sports7.us\/?p=1583404"},"modified":"2024-06-07T10:15:50","modified_gmt":"2024-06-07T14:15:50","slug":"in-may-sports-betting-revenue-dipped-in-maine-despite-an-increase-in-their-handle","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/in-may-sports-betting-revenue-dipped-in-maine-despite-an-increase-in-their-handle\/","title":{"rendered":"In May, sports betting revenue dipped in Maine despite an increase in their handle"},"content":{"rendered":"<p><span style=\"font-weight: 400\">In Maine, their adjusted gross receipts are calculated by subtracting voided and canceled bets, federal excise taxes, and player winnings from their handle. Last month, sports betting revenue dipped 19.5% month-over-month. That\u2019s despite Maine reporting an increase in their betting handle. Their adjusted gross receipts in May amounted to $3.3 million. In April 2024, Maine posted $4.1 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Maine\u2019s total betting handle for May 2024 was $39.9 million. Additionally, total wagers were up 4.2% month-on-month from $38.3 million in April. During May, consumers won a total of $36.3 million while Maine collected $331,729 in tax.\u00a0<\/span><\/p>\n<h2><b>DraftKings is the #1 sportsbook in Maine <\/b><\/h2>\n<p><span style=\"font-weight: 400\">While only two sportsbooks are legally allowed to operate in Maine, DraftKings is the clear #1. Caesars is also in the market. Since DraftKings opened in November 2023, they\u2019ve been the industry leader in Maine. In May 2024, DraftKings posted $2.9 million in adjusted gross receipts from $33.1 million in bets. The sportsbook is partnered with the Passamaquoddy tribe in Maine.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Caesars Sportsbook had $427,718 in adjusted gross receipts last month from $6.1 million in wagers. They work with three Wabanaki nations. the Houlton band of Maliseet Indians, the Mi\u2019kmaq nation, and the Penobscot nation. In Maine, their year-to-date adjusted gross receipts are $19.9 million. Draftings attribute $17.8 million of that. Over the last five months, the state has accepted $197.7 million in wagers. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Maine, their adjusted gross receipts are calculated by subtracting voided and canceled bets, federal excise taxes, and player winnings from their handle. Last month, sports betting revenue dipped 19.5% month-over-month. That\u2019s despite Maine reporting an increase in their betting handle. Their adjusted gross receipts in May amounted to $3.3 million. In April 2024, Maine [&hellip;]<\/p>\n","protected":false},"author":304,"featured_media":1583411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[447316],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In May, sports betting revenue dipped in Maine despite an increase in their handle<\/title>\n<meta name=\"description\" content=\"In Maine, DraftKings is the clear-cut industry leader in sports betting, collecting $17.8 million in revenue year-to-date.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sports7.us\/news\/in-may-sports-betting-revenue-dipped-in-maine-despite-an-increase-in-their-handle\/\" \/>\n<meta property=\"og:locale\" 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