In October, Vermont saw its best sports betting total since March with a reported handle of $17.3 million. The most popular sport for wagers was American football, which brought in $6.5 million, followed by basketball with $2.2 million. The monthly handle was divided between $12.4 million from in-state gamblers and $4.9 million from out-of-state customers.
The state earned a gross win of $1.2 million in October, with a margin of 6.7%, which was the lowest monthly margin since the launch of sports betting in Vermont. Adjusted revenue for the month came to $1.1 million.
The increase in sports betting activity in Vermont is attributed to the continued popularity of American football and other major sports leagues. The state’s sports betting market has shown strong growth since its launch, with more residents and out-of-state visitors participating in sports wagering.
Despite the challenges brought by the ongoing COVID-19 pandemic, sports betting in Vermont has remained resilient and continues to attract significant interest from bettors. The state’s sports betting industry is expected to continue to grow in the coming months, with more sports events and leagues taking place.
Overall, the sports betting industry in Vermont is thriving, with October’s numbers showing a positive trend in terms of handle and revenue. With the continued interest in sports betting, Vermont looks set to remain a key player in the growing US sports betting market.
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