There was a decrease in the amount of money spent on sports betting during the month of June. The majority of the amount was spent on sports on mobile and retail. In the month of June, players won $306.2m from sports betting, which resulted in $15.4m in revenue for licensed operators, down 721% from the previous month.
Consumers wagered a total of less than half a billion dollars on sports during the month. The majority of the money was spent on sports on mobile, with the rest going to retail sportsbooks.
In the month of June, players won $306.2m from sports betting, which resulted in $15.4m in revenue for licensed operators, down 721% from the previous month.
After accounting for $9.2m worth of free bets and promotional credits, taxable revenue for the month was $ 7.7 million, a decrease of 81.4% from the previous month.
In terms of handle, FanDuel took a total of $106.3m in bets, some $104.0m of which were via mobile and $2.3m retail. BetMGM had $59.7 worth of online wagers, while DraftKings had $92.8 million in online bets.
BetMGM had $5.3 million in revenue, but FanDuel had $7.4 million in gross revenue. During the month, DraftKings paid out $96.0m in winnings to players, meaning it made a loss.