Online Sports Betting in Maine Show Strong November Results
LISTEN TO THIS ARTICLE:Following the recent introduction of sports betting in the US state of Maine, the Maine Gambling Control Unit has released revenue figures of $37.5 million for November.
The regulators said that the first month of online sports betting in the state went well, and there was no dramatic rise in reports of instances of problem gambling.
Exclusive Rights for Native American Tribes
Online sports betting in Maine was launched at the start of November and came after legislation where Democratic Gov. Janet Mills gave exclusive rights to the four Native tribes in the state. The tribes were the Aroostook Band of Mi'kmaq, the Houlton Band of Maliseet Indians, the Penobscot Nation, and the Passamaquoddy Tribe.
The four tribes decided to partner with established leaders in the North American online sports betting industry, Caesars Sportsbook and DraftKings. The Passamaquoddy Tribe chose to partner with DraftKings, while the other three tribes decided to collaborate with Caesars Sportsbook.
Related: Maine Sports Betting – Potential November Launch and Optimism from Gambling Control Unit
Breakdown of Revenue Figures
A breakdown of the revenue figures for the sports betting sector for last month showed that The DraftKings app enjoyed revenue of more than $34 million for the month, while the other $8 million was spent at the Caesars Sportsbook. It is estimated that the gross earnings figure for November was $4.6 million, with the tribes entitled to 50% of this figure, $2.3 million.
Under the terms of the legislation, 10% of the revenue that goes to the Native tribes is paid as federal taxes, and the tax figure raised for the state in taxes last month was over $400,000.
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