Maine sports bettors won $33.9 million in April, with the Pine Tree State collecting $414,356 in state tax revenue.
Sports bettors in Maine wagered $38.3 million across legal sports betting markets at Caesars Sportsbook and DraftKings Sportsbook in April.
Players lost $9.5 million during April compared to the winnings earned at Caesars Sportsbook and DraftKings Sportsbook in March. The rising popularity of college basketball, including women’s college basketball due to former Iowa guard, Caitlin Clark, could explain why revenue was up for sportsbook operators and state tax revenue in April. Based on the number of bets placed in the futures market for the 2024 March Madness tournaments, Clark’s Hawkeyes losing in the National Championship could explain why sports bettors lost more of their wagers during April.
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