Sports Betting in Maine Doubles Revenue in November

13.12.2024

Despite a slight decline in total wagered amounts compared to October, Maine’s sports betting revenue more than doubled in November.

Double Revenue Growth for Maine Sports Betting

The total handle recorded by the three operators in Maine dropped slightly in November to $51.9 million, down from $52.3 million in October.

However, revenues saw a significant increase of over 108%, climbing from $3.8 million in October to over $8 million in November.

November 2024 also marked the one-year anniversary of sports betting in Maine, which launched in November 2023 with DraftKings and Caesars entering the market.

Performance by Operator

DraftKings, operating in partnership with the Passamaquoddy Tribe, solidified its dominance in Maine, reporting a handle of $44.7 million and revenues exceeding $7 million. This figure surpassed DraftKings’ previous record revenue of $5.9 million set in September.

Caesars Sportsbook, partnered with the Penobscot, Maliseet, and Micmac Tribes, reported $826,738 in revenue from $6.7 million in wagers. While their handle fell short of historical highs, revenue reached a record level, exceeding the $788,767 earned in September.

Oddfellahs, the first sports betting bar in Maine, which opened in September, recorded $472,840 in wagers. Revenue at Oddfellahs hit $99,309, also marking a new record for the venue.