Players in Kentucky spent $2.39bn (£1.81bn/€2.17bn) betting on sports during the state's first year of regulation, while adjusted gross revenue in the Bluegrass State reached $272m.
Kentucky launched legal retail sports betting on 7 September 2023, with online wagering going live three weeks later. State regulator, the Kentucky Horse Racing Commission, has now published figures for the 12 months to the end of August.
Players in Kentucky favoured online betting, with total spend over the internet at $2.3bn in year one. In contrast, retail sportsbook attracted $87.1m in wagers during the 12-month period.
Revenue-wise, online betting generated $264.3m and retail wagering $7.8m. Figures related to adjusted gross revenue, which is revenue after player winnings and federal excise tax.
On the subject of tax, Kentucky collected $37.7m from online sports wagering and $756,517 retail betting. As for hold, the state’s total in year one was 9.28%, with online at 11.5% and retail 8.91%.
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