US Sports Betting Financial Dashboards
Mouse over or click on any portion of the dashboard to drill down into data. Hold CTRL to make multiple selections.
All charts depict the financial metric specified in their respective title. A "$" signifies a chart depicting the financial metric selected by the user on the left-hand panel.
Detailed Notes (Last Updated: 9/8/20)
Calculating Hold %
While tempting, we should not simply calculate Hold % for a given month by dividing Revenue by Handle. Sports wagering gross gaming revenue is reported on a cash basis in that wagers on future events are taxed as current revenue and payouts for winning wagers are recognized in the period redeemed.
Includes only those states that provide relevant breakdown in official monthly reporting. Most states note that their sport-specific handle figures include wagers on games that have not been settled and so may differ from the number reported for tax purposes.
Delaware taxes are taken from the "State Share" line item on the "Distribution of Net Proceeds" report
Indiana reports "Taxable Adjusted Gross Revenue (AGR)" after adjustments that are specified as "any miscellaneous adjustments, loss carry over, and uncollectible deduction." We removed these adjustments before reporting monthly Revenue so as to provide a more accurate picture of consumer betting behavior.
Nevada did not publish sports betting revenue data during April or May of 2020 due to the low number of operators accepting wagers. However, their June report included data from the prior three months, allowing us to calculate the total Handle and Revenue across the two months. For the purposes of these dashboards, those dollars were split evenly among April and May. The Online vs. Retail breakdown was calculated by applying the corresponding percentages calculated across January-March 2020 (Online Revenue = 42%; Online Handle = 49%; Tax according to Revenue)
Nevada occasionally reports nominal Revenue figures on "Sports Pari-Mutuel" line item; for the time being, these values have been excluded from our calculations
Some of the 2020 Nevada tax breakdowns were assumed to be pro-rata, based on the officially-reported aggregate number
Some historical New Hampshire data is sourced from various news articles, where official state reports could not be located
To calculate the breakdown of Taxes for New Jersey, the 8.5% rate for retail and 13.0% rate for online were each applied to their respective revenue figures, with the results then being normalized to align with the state's reported total Tax revenue figure.
Oregon data for July has not been released as of 9/2/20 but will be added to the dashboards as soon as it becomes available
When applicable, Pennsylvania Revenue figures are recorded from the "Revenue" line item as opposed to the "Gross Revenue (Taxable)" line item.
West Virginia reports financial metrics over 7-day time periods; discrepancies may arise from the treatment of certain weeks that occur early in the month; accounting treatment will be revisited from time to time.