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.
There is variation in reporting methodology from state to state, particularly as relates to Revenue and, to a lesser extent, Taxes. For example, Delaware itemizes Vendor Fees, while Pennsylvania itemizes Promotional Credits. The goal of these dashboards is to provide intuitive insights into macro trends by way of visualizing data. As such, each state's financial statements are treated so as to maximize the ease of apples-to-apples comparisons.
The result should be much more accurate directional insights, even if individual data points sometimes vary from numbers published elsewhere, including state press releases.
Additional dashboard views and more granular drill-downs are in the works. Please direct all inquiries, suggestions, or concerns over data discrepancies to .
Note: Dashboards are updated once all reporting states have provided monthly updates, unless otherwise noted.
Detailed Notes (Last Updated: 1/6/21)
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.
Illinois reports financials later than other states; data from most recent month may not be reflected above
Indiana reports "Taxable Adjusted Gross Revenue (AGR)" after adjustments that are specified as "any miscellaneous adjustments, loss carry over, and uncollectible deduction." These adjustments are added back before reporting monthly Revenue. State reports do not specify whether adjustments are attributable to online or retail channels, requiring occasional estimation as to that breakdown.
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
According to the DGE, the statistics breakdown by sport may not always calculate perfectly due to prior months' amendments
New York handle estimated using implied 7% hold rate
There are no published tax rates or figures for the state of Oregon, where the lottery is state-run
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.