The Maine Gambling Control Unit reported that the Pine Tree State's sports betting wagers and revenue were nearly identical in May and June.
May and June appear to be nearly identical months for Maine’s sports betting market as numbers were virtually unchanged, but a closer glance reveals the state's sportsbooks are seeing differing outcomes.The hold percentage remained at 8.6% as the adjusted revenue came in at $3.4 million, a hair more than May’s $3.3 million. That means the tax bill also saw a slight bump to $340,000.
While most summers see a drop in betting handle, this year is ready to break the trend thanks to the Summer Olympics. MGCU executive director Milton Champion echoed that sentiment, adding “you may see some good numbers this year."Unlike most competitive betting states, Maine doesn’t offer bettors a ton of options. Only DraftKings and Caesars are live inCaesars’ handle fell nearly 7% in May, while DraftKings saw a slight increase in action.
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