In its first month of legal sports betting, Maine consumers spent over $37 million on sports wagers. The total handle for the month was $37.6 million, with players winning $32.7 million. After accounting for voided bets and federal excise tax, this left adjusted gross receipts of $4.6 million. Additionally, the state collected $464,152 in other taxes from operators, who are required to pay 10% of their adjusted gross receipts.

In November, only two operators, DraftKings and Caesars, were live in the Maine market. DraftKings outperformed Caesars, generating $4.3 million in adjusted gross receipts from a $30.5 million handle. The operator worked with the Passamaquoddy tribe to offer its online sportsbook in Maine. Players won $26.1 million betting with DraftKings, and the operator paid $65,467 in federal excise tax and an additional $425,914 in other taxes.

On the other hand, Caesars had adjusted gross receipts of $382,374 and a handle of $7.1 million. Winnings at Caesars reached $6.6 million, with federal excise tax payments of $16,875 and other tax of $38,237. Caesars operates in Maine through partnerships with three of the Wabanaki nations, including the Houlton band of Maliseet Indians, Mi’kmaq nation, and Penobscot nation.

Maine’s sports betting market opened almost 18 months after the legalization of sports betting in the state. Governor Janet Mills signed a bill last spring permitting retail and online sports wagering. However, internet sports wagering can only be run by approved tribes in the state, and they can apply for a license to operate online betting and partner with one online operator each. Retail wagering is open to combined racetracks and off-track betting facilities. These establishments can apply for land-based licenses.

Overall, the early signs for Maine’s sports betting market are promising, with significant spending in the first month of legal wagering.

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