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Sportsbook handle stays nearly flat across 15 US states in September

Regulation1 min read

Sportsbook handle across 15 US states was nearly unchanged year on year in September, while prediction markets recorded trading highs as football returned, according to the report. The text provides no state-by-state figures or named operator statements.

Across 15 states, sportsbook handle in September was virtually flat compared with a year earlier. Meanwhile, prediction markets set trading records in September as football returned.

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Regulation

Stifel note shows US sportsbook handle outpacing prediction market taker volume

US sportsbook handle rose 43% month-on-month in September, outpacing growth in taker volume on CFTC-regulated prediction markets, according to a Stifel note. Stifel analyst Jeffrey Stantial estimated taker volume at about $17.7bn, up 27%, while notional volume across regulated prediction markets rose 64% to $77bn.

US sportsbook handle grew faster than taker volume on prediction markets regulated by the Commodity Futures Trading Commission (CFTC) in September, according to a Stifel note. Stifel analyst Jeffrey Stantial estimated that monthly taker volume across the industry reached about $17.7bn, a rise of 27%, while sportsbook handle in reporting states rose 43% month-on-month.

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