Montana Lottery reports $26,938 sports betting loss in October
The Montana Lottery reported that sports bettors wagered $7.59 million in October, the first full month of NFL betting. Payouts reached $7.62 million, leaving the state with a reported loss of $26,938; football accounted for more than $4.9 million of wagers and had negative gross gaming revenue of $192,438.
Montana stakeholders can see that October payouts exceeded wagers, resulting in a reported state loss despite football activity.