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Maine Reaches Highest Sports Betting Handle Since Legalization In November 2023

Ben Horlock

The State of Maine registered its highest ever sports betting handle since being legalized in November 2023. Just over $47.6 million was reported in the Pine Tree State for March 2024. 

Furthermore, it has an increase of 40.8% compared to February of this year, which saw $33.8m generated. However, the Maine Gambling Control Unit confirmed a 40.1% decrease in adjusted revenue.

This figure is the lowest that Maine has ever reported. Players won $44.6m with $270,607 being accumulated for tax revenue.

DraftKings and Caesars are the two licensed sports wagering operators in the State. The pair both offer licensed online sportsbook betting via tribal partnerships.

Maine Sports Betting

In November 2023, Maine sports betting became legal. The legislation was signed by Gov. Janet Mills in May of 2022 and officially became law three months later.

The Maine Department of Public Safety announced that they were happy with the terms of legal aspects to make online sports betting available to citizens.

After a record-breaking month in March, the next few months could potentially see more huge gaming revenue. Soccer fans in Maine have the UEFA European Championship to look forward to as well as UEFA Champions League football.

Closer to home, the MLS is in full swing as well as the conclusion of the NBA season. Perhaps more notably, the 2024 Olympic Games get underway in Paris in the summer which will likely generate plenty of attention.

Later in the year, the NFL season gets back underway and the current NHL season draws to a close next month. Therefore, there is plenty of sport for keen bettors based in Maine to place wagers on.

The online sportsbooks in the State will be kept extremely busy as 2024 progresses. The operators themselves are taxed at 10% which could prove to be a drop in the ocean if all goes according to plan.

Ben Horlock

Ben is an experienced news and features writer who specializes in providing expert guides on all aspects of online and in-person gambling. Ben has over ten years experience writing for web-based audiences and has strong expertise in casinos, online cryptocurrency gambling platforms as well as slots and table games. Ben has been published across a number of english international news outlets, including InstantCasinos and BitcoinCasino. As well, Ben has worked in social media for four years in the sports gambling industry.