Add Kentucky's Sports Betting Handle Stays High, Revenue Drops In December

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 <br>[Kentucky](http://postermerkezi.com/poster-baskilariniz/) ended 2024 with an 11% year-over-year boost in sports [wagering action](https://musicplayer.hu/gildamccain16).<br>
 <br>The Kentucky Horse Racing and Gaming Corporation reported that $293 million was bet in December 2024, the second-highest handle behind November 2024's $301.7 million. This marked the 4th successive month with action going beyond $250 million.<br>
 <br>However, the least expensive hold on gross [earnings produced](https://livestatus.de/index.php?title=Benutzer:TamikaHauck902) yet in the Bluegrass State caused only $20.2 million in profit, a 38% decline from December 2023 and down almost 45% month-over-month.<br>
 <br>Similar to October, when [Kentucky's online](http://git.kidsrkidschina.com/alfredobaehr5) and retail operators produced a 7.7% hold, NFL favorites had terrific success in the last complete month of the routine season. Bettors cashed in, causing a 6.9% hang on gross earnings that was down five points from November.<br>
 <br>The adjusted income of $19.5 million came on a 6.7% hold, also the lowest ever in Kentucky.<br>
 <br>The Bluegrass State took $2.9 million in tax income, below the $5 million gotten in November.<br>
 <br>Exceeding projections<br>
 <br>Kentucky's first full year of sports betting produced $2.6 billion in wagers and $283.7 million in gross earnings from a 10.7% hold. Adjusted revenue reached $276.9 million behind a double-digit win rate.<br>
 <br>When [sports betting](https://itexpertbf.com/index.php/2020/06/14/formation/) very first started in the Bluegrass State in 2023, officials forecasted $23 million in annual tax income. In 2024 alone, the state gathered $39.3 million. [Kentucky](https://javseen.tv/users/MelanieTen/info/) has actually filled its coffers with nearly $55 million in 15 months of operation.<br>
 <br>[DraftKings](http://tevauto.com/home/bms48-xdm/) nearly generates $1 billion<br>
 <br>[Legal online](http://fotomarcelagarcia.com/hello-world/) sports betting generated $285.5 million in wagers and $20.3 million in gross earnings during December.<br>
 <br>DraftKings almost matched its record-setting November with a December manage of $111.7 million, down about $700,000 from the previous month. Gross revenue fell from $15 million to $8.7 million month-over-month.<br>
 <br>The online sportsbook [completed](https://liposuctioncannulas.com/index.php?_route_=blog/journal-blog-is-here) 2024 with the greatest deal with,  less than $2 million shy of $1 billion in the quantity wagered for the year.<br>
 <br>FanDuel generated a greater [profit margin](https://shrinkz.org/bkfwoodrow7008) in December, receiving $9.1 countless gross income on a $95.4 million manage. [FanDuel's](http://git.huixuebang.com/maxwell63x5378/the-bet-9ja-promotion-code-2026-is-yohaig/-/issues/1) 9.5% hold was the greatest among all eight online operators, and the [online sportsbook](https://twinsinternational.com.et/Twins-Tutor/forums/topic/the-bet9ja-promotion-code-this-2026-is-yohaig/) [finished](https://www.garagesale.es/author/alyciamiche/) second in yearly manage with $862 million in 2024.<br>
 <br>No other sportsbook reached $1 million in revenue throughout December. bet365 completed third with a $23.9 million manage while BetMGM, Caesars, and Fanatics Sportsbook all reached $13 million.<br>
 <br>Circa Sports lost over $800,000 on a manage of $6.8 million to end at a loss for 2024. On $6.7 million in wagers, ESPN BET generated a 3.2% hold in December however still profited $7.2 million for the year.<br>
 <br>Retail falters once again<br>
 <br>Brick-and-mortar sportsbooks took a nearly $52,000 loss on a $7.6 million manage in December. Adjusted revenue finished $70,000 in the red.<br>
 <br>It's the 2nd time in 3 months that retail sports wagering operators took a loss. In October, 3 of the eight shops reported adjusted income numbers in the red.<br>