The Wyoming Gaming Fee noted an all-time every month substantial of $2.7 million in gross sporting activities betting profits for January, with DraftKings foremost the way.
It was just the 3rd time in 29 months that gross revenue surpassed $2 million, as the January total very easily topped the former record of $2.3 million previous Oct. Take care of eclipsed $20 million for just the 2nd time, as the $20.3 million in recognized wagers ranked behind only the $21.2 million taken care of final Oct.
Cope with was up 41.4% in comparison to the to start with month of 2023 and gross revenue spiked 67.7%, as the 13.1% keep was extra than two total percentage factors increased and ranked third all-time. The state was able to levy its 10% tax on $1.8 million in altered gross profits, resulting in tax receipts totaling $177,183.
DraftKings carries on to dominate
January #SportsBetting figures 🧵for #Wyoming by means of WGC. Han/GGR/WR by operator (2/4)@DKSportsbook $11.39M/$1.43M/12.53%
Totals: ~$225.6M/$30.27M/13.42%4/x #SportsBettingX #GamblingX
— Chris Altruda (@AlTruda73) February 20, 2024
DraftKings has continually acquired 50%-furthermore marketplace share for take care of in Wyoming as the leading choice of four betting applications in the completely mobile wagering point out. DraftKings is the only sportsbook to article 8-determine regular handles and 7-figure gross revenue totals in state historical past, and it attained both in January.
The Massachusetts-based operator fashioned a 12.5% hold in successful a report $1.4 million from $11.4 million deal with, topping its former high-water mark from October by significantly less than $10,000. It was the fifth consecutive month DraftKings surpassed $10 million worthy of of approved wagers and the fifth time general gross income cleared $1 million.
FanDuel had all-time monthly highs for cope with and gross revenue, surpassing $5 million take care of for the first time when boasting far more than $676,000 in winnings for a 12.6% maintain. The on the net juggernaut has surpassed $50 million in all-time Wyoming wagers given that launching there in March 2022.
Sign Up For The Athletics Handle Publication!
BetMGM narrowly skipped a earnings document of its very own, saying much more than $548,000 on the energy of a 17.7% gain rate from $3.1 million handle. It concluded within just $3,000 of its report revenue haul in August 2022 and cleared half a million pounds for the initial time since December 2022.
Caesars failed to make it a cleanse sweep for double-digit retains, posting a acquire price of 2.7% as it held fewer than $11,200 from $416,000 wagered. When including marketing credits and bonuses, Caesars experienced a destructive altered gross profits of minus-$13,600. It was the next consecutive thirty day period Caesars experienced a unfavorable AGR and the third time in five months its keep on gross income was beneath 3%.
