The US sports betting market has seen a flurry of new operator launches and states reporting handle/revenue figures, so let’s dive right in, shall we?
In West Virginia, sports betting handle hit $40.4m in August, a new record for the state and more than two-and-a-half times the $16m the state reported in July. August’s online handle of $31.1m was nearly twice July’s total, a figure that will only grow larger in September as additional operators go live. August’s betting revenue gained one-quarter to $2m.
Lest we forget, West Virginia’s fledgling online casino market reported customer spending of $39.6m in August, from which $555k of revenue was held. BetMGM ended DraftKings local online casino monopoly in late August, so September’s figures should see a boost.
In Iowa, betting handle more than doubled from July to August to $50.3m, of which $35m was wagered online. August’s betting revenue rose more than one-third to $3m, of which $1.6m was earned through digital channels.