Maine Sports Bettors Wager $3.9M in Opening Weekend

Maine’s first weekend of sports gambling saw a significant amount of money spent and won, with DraftKings and Caesars Sportsbook reporting impressive figures. According to reports, DraftKings recorded over $3,406,000 in total wagering receipts from Friday through Sunday. Meanwhile, Caesars Sportsbook reported more than $528,923 in bets made, with over $405,674 in winnings paid out.

The tax collected from the weekend of sports betting totaled nearly $94,000. Overall, the two companies saw a total of $3.9 million in bets made, and $2.98 million in winnings paid out. The Department of Public Safety and the Gambling Control Unit are overseeing the system, which officially launched at 9 a.m. on Friday.

Caesars Sportsbook’s partnership with three of the Wabanaki Nations – the Houlton Band of Maliseet Indians, the Mi’kmaq Nation, and the Penobscot Nation – further solidified the company’s commitment to supporting Indian gaming. The revenue from Caesars Sportsbook for the weekend was also disclosed, showing total event wagering receipts of $528,923.39, winnings paid totaling $405,674.08, and Maine tax collected amounting to $11,952.97.

In total, when combining the figures from both DraftKings and Caesars Sportsbook, the weekend’s event wagering receipts reached $3,935,789.28, with $2,980,580.86 in winnings paid and $93,952.88 in Maine tax collected.

The impressive numbers from the first weekend of sports gambling in Maine demonstrate the potential for the industry in the state. These figures provide a comprehensive view of the significant economic activity generated by sports betting, as well as the tax revenue it can bring in for the state. As the industry continues to grow, it is expected to bring in even more revenue and provide further support for Indian gaming in the state.