📈 Maine Celebrates $38M Surge in January Sports Betting 🎰

In the chilly month of January, Maine warmed up with a sizzling $38.1 million in sports bets, marking its third month into the exciting world of regulated sports betting. 🏈🏀

Leading the charge, DraftKings, in partnership with the Passamaquoddy Tribe, scored big with a whopping $32.1 million in bets, dominating 84% of Maine’s sports betting scene for the month. Talk about being a major player! 🥇

Teaming up with the Penobscot, Maliseet, & Micmac Tribes, Caesars threw its hat in the ring with an impressive $6.1 million in sports wagers. Not too shabby, right? 🎲

Let’s break down the numbers in Maine’s Sports Betting Scorecard for January 2024 (in dollars 💵):

  • DraftKings: Handled a massive $32,068,325, winning a cool $4,884,396 (That’s a 15.2% margin!).
  • Caesars: Rolled in with $6,065,603, securing wins of $792,145 (13.1% margin).
  • Grand Total: A jaw-dropping $38,133,928 with a total gross win of $5,676,541 (Overall margin: 14.9%).

Drumroll, please! 🥁 The total sports betting gross win in Maine hit a high note at $5.7 million, divided between DraftKings’ lion’s share of $4.9 million and Caesars’ cool $792,145. Maine’s betting scene is clearly booming!

As for Maine’s financial win, the adjusted gross revenue in January was a sweet $5.5 million, contributing a handsome $546,149 in betting taxes to the state’s coffers. DraftKings contributed a generous $471,773, while Caesars added a neat $74,376. Talk about a win-win for everyone!

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