This article compiles and evaluates September sports betting statistics from a few US states: Tennessee, West Virginia, and Detroit.
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In September, Tennessee broke its own record for gross wagers.
A record-breaking $524.8 million (£401.8 million/€480.3 million) was wagered in Tennessee, the Volunteer State. This amount surpasses the previous record set in November of last year by a hair.
With a total that is 52.5% more than August of this year, September has also surpassed last year's total by 25.5%. Reports from the Tennessee Sports Wagering Council corroborate this.
Monthly revenue data is not made public by the state of Tennessee. However, it does include gross handle details, and this costs $520.8m. This is after deducting $3.9 million in modifications that were not reported.
In terms of revenue, Tennessee received $9.6 million in privilege tax from sports betting that month. There is a 20% tax on operators in Tennessee.
West Virginia just fails to reach its revenue record
To continue, despite a drop in handle, West Virginia's income was narrowly shy of a record high.
The sum of $46.4 million was spent by players on sports betting in September. The West Virginia Lottery reports that this is a decrease of 7.0% compared to the same month last year, but it is 47.5% higher than August. Online betting contributed $41.7m, while retail sportsbooks contributed $4.7m.
Regardless, income continued to climb. Earnings for operators reached $7.1 million, up 48.0% from the previous year and 61.5% from August, thanks to a state-wide average hold of 13.15 percent. With retail reaching a year-high of $1.0m, online operators generated $6.1m of all monthly income.
Top operator by revenue was Greenbrier, which generated $3 million on $19.4 million in bets and was partnered with FanDuel and BetMGM. Consequently, a monthly hold of 15.46% was achieved.
No. 2 despite having a larger handle was Charles Town, who is affiliated with DraftKings, ESPN Bet, and Fanatics. Having a 14.50% hold was the result of $2.9 million in revenue from $20.0 million in losses.
With $248,000 off $1.9 million in wagers, leaving a 13.05% hold, Mountaineer came in third, partnered with Caesars and BetRivers.
Declining revenue despite an increase in Detroit handling
Last but not least, we have Detroit, Michigan, a city that witnessed a decline in income despite increased spending by players. The three brick-and-mortar casinos in the city offer retail sportsbooks, according to statistics compiled by the Michigan Gaming Control Board (MGCB).
Qualified adjusted gross receipts (QAGR) for the month of September came to $771,751. This is 55.4% behind August of previous year and 52.0% below last year.
Players spent $22.0m in September, a 21.6% increase from the previous year and 122.2% increase over August.
The average hold for the three casino sportsbooks was 3.50%.
With a QAGR of $601,794 for September, MGM topped the charts. After MotorCity with $11,817 came Hollywood Casino at Greektown in second place with $141,908.
In terms of taxes, the gambling establishments sent over $28,559 to the state and $34,905 to Detroit for wagering.
Data on casino gaming performance was also published in September by the MGCB. Gaming income totalled $101.2 million, up 1.2% annually but down 8.6% from August.
With $47.7 million, MGM topped the charts, followed by MotorCity with $31.2 million and Hollywood Casino at Greektown with $22.4 million.
Detroit received $12.5 million in wagering taxes and development agreement payments, while the state received $8.2 million in gaming taxes from the three casinos. Casinos are subject to a 10.9% local tax and an 8.1% state tax on their adjusted gross revenue.
