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Maryland sportsbooks report $39.7 million in June revenue

Regulation

Maryland Lottery and Gaming reported $39.7 million in gross sports betting revenue for June, from $384.7 million in wagers and a 10.3% hold. Operators’ $816,700 in promotional deductions left $38.2 million in adjusted gross revenue, generating $5.7 million in tax receipts.

June wagering generated adjusted revenue and tax receipts, giving Maryland operators and regulators a snapshot of the market’s contribution.

End-of-day close DraftKings (DKNG), USD, to 23 August 2024
Story date28 May 202423 August 2024

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New York sportsbooks report $63.3m in revenue on $615.1m handle

New York’s eight online sportsbooks generated $63.3 million in gross revenue from $615.1 million in wagers in the week ending 18 October, the New York State Gaming Commission reported. The 10.3% hold was the highest since the week ending 16 August, while revenue rose 21.4% week on week.

New York's eight online sportsbooks kept $63.3m in gross revenue from a $615.1m handle in the week ending 18 October, the New York State Gaming Commission reported. The 10.3% win rate was the highest since the week ending 16 August. Gross revenue rose 21.4% week on week, the first time online sportsbooks cleared $60m since the World Cup ended in mid-July.

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