From f914fef63f284107936c6040aef80977ebce9194 Mon Sep 17 00:00:00 2001 From: hungsleigh546 Date: Fri, 1 May 2026 00:46:21 +0000 Subject: [PATCH] Add Kentucky's Sports Betting Handle Stays High, Revenue Drops In December --- ...Stays-High%2C-Revenue-Drops-In-December.md | 19 +++++++++++++++++++ 1 file changed, 19 insertions(+) create mode 100644 Kentucky%27s-Sports-Betting-Handle-Stays-High%2C-Revenue-Drops-In-December.md diff --git a/Kentucky%27s-Sports-Betting-Handle-Stays-High%2C-Revenue-Drops-In-December.md b/Kentucky%27s-Sports-Betting-Handle-Stays-High%2C-Revenue-Drops-In-December.md new file mode 100644 index 0000000..0511603 --- /dev/null +++ b/Kentucky%27s-Sports-Betting-Handle-Stays-High%2C-Revenue-Drops-In-December.md @@ -0,0 +1,19 @@ +
Kentucky ended 2024 with an 11% [year-over-year boost](https://tunitalent.com/yassine_photoc_copy) in sports betting action.
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The Kentucky Horse Racing and Gaming Corporation reported that $293 million was wagered in December 2024, the with behind November 2024's $301.7 million. This marked the fourth consecutive month with action going beyond $250 million.
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However, the most affordable hang on gross income produced yet in the [Bluegrass](https://vandamvakkleding.nl/journal3/blog/post?journal_blog_post_id=11) State led to just $20.2 million in revenue, a 38% decline from December 2023 and down nearly 45% month-over-month.
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Similar to October, when Kentucky's online and retail operators produced a 7.7% hold, NFL favorites had [fantastic success](http://1.117.67.953000/rlmnichole6458) in the final full month of the routine season. Bettors moneyed in, resulting in a 6.9% hold on gross profits that was down 5 points from November.
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The [adjusted profits](https://ocskincancer.com/our-doctors/attachment/screen-shot-2021-01-15-at-2-48-43-pm-2/) of $19.5 million came on a 6.7% hold, likewise the most affordable ever in Kentucky.
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The Bluegrass State transported in $2.9 million in tax earnings, down from the $5 million gotten in November.
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Exceeding forecasts
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Kentucky's very first complete year of sports wagering produced $2.6 billion in wagers and $283.7 million in gross profits from a 10.7% hold. Adjusted revenue reached $276.9 million behind a double-digit win rate.
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When sports wagering very first began in the Bluegrass State in 2023, officials projected $23 million in yearly tax profits. In 2024 alone, the state collected $39.3 million. Kentucky has filled its coffers with nearly $55 million in 15 months of operation.
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DraftKings nearly [generates](https://contentengine.ai/showcase-esports/content-engine/overwatch/10/25/2019/vancouver-titans-challenged-to-contend-for-2019-vgx-championship/) $1 billion
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Legal online sports [betting](http://www.businessfreedirectory.biz/details.php?id=586529) created $285.5 million in wagers and $20.3 million in gross income throughout December.
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DraftKings almost matched its record-setting November with a December handle of $111.7 million, down about $700,000 from the previous month. Gross income fell from $15 million to $8.7 million [month-over-month](https://djpro.tv/index.php?route=journal3/blog/post&journal_blog_post_id=11).
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The online [sportsbook finished](http://120.77.174.2363000/chadwicknorris) 2024 with the greatest handle, falling less than $2 million shy of $1 billion in the quantity wagered for the year.
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FanDuel created a higher revenue margin in December, receiving $9.1 [countless](https://www.supercarbeds.com/blog/kids-racing-to-bed) gross [profits](https://armenianmatch.com/@porfiriotobey4) on a $95.4 million manage. FanDuel's 9.5% hold was the highest among all 8 online operators, and the online sportsbook completed second in annual manage with $862 million in 2024.
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No other [sportsbook reached](http://106.15.41.156/ingridsliva75) $1 million in income during December. bet365 finished third with a $23.9 million deal with while BetMGM, Caesars, and Fanatics Sportsbook all reached $13 million.
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Circa Sports lost over $800,000 on a deal with of $6.8 million to end in the red for 2024. On $6.7 million in wagers, ESPN BET created a 3.2% hold in December however still profited $7.2 million for the year.
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Retail falters again
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Brick-and-mortar sportsbooks took a nearly $52,000 loss on a $7.6 million handle in December. Adjusted income ended up $70,000 in the red.
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It's the second time in three months that retail sports betting [operators](http://alohababy.co.kr/main/bbs/board.php?bo_table=free&wr_id=406805) took a loss. In October, three of the eight shops reported [adjusted earnings](https://bloggenmeister.com/traffic-steigerung-wie-du-mehr-besucher-auf-deinen-blog-bringst/) numbers in the red.
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