Wyoming Online Sports Betting Reached Record Levels in October

Wyoming Online Sports Betting Reached Record Levels in October

Last updated on November 25th, 2023 at 08:23 pm

Wyoming online sports betting achieved a new milestone in October. Players wagered 421.2 million during the month. In addition, revenue reached a record high. The October handle is more than the previous record of $19.2 million. Also, it is 23.4 percent higher year-over-year.

Another record-breaking month for the state came in at $2.3 million in gross gaming income. This is a growth of 15.0% year-on-year and a gain of 53.3% over $1.5 million in September 2023.

According to sports betting picks experts, the $1.4 million in taxable gaming revenue is a new monthly record. From October 2022, it was up 21.7%, and from $517,523 in September, it was up 172.6%.

Tax revenue reached a record $141,087, while gamblers in Wyoming earned $19.0 million from online sports betting. Top of the market was DraftKings, which brought in $1.4m out of $12.5m. The second-place finisher in Wyoming was FanDuel, with $402,961 in revenue and $4.9 million in handle.

Wyoming Online Sports Betting Record

Wyoming Online Sports Betting Reached Record Levels in OctoberOn the other hand, BetMGM made $378,344 from $3.5 million in online sports wagers. Caesars completed the market with sales of $73,028 and a profit of $378,622.

With the acquisition of PointsBet US, Wyoming’s Fanatics Betting and Gaming (FBG) will soon be part of the pack. According to sports betting tutorials and news sites, the FBG branch of the sports retail behemoth Fanatics now owns PointsBet Wyoming LLC.

Earlier this year, Fanatics’ FBG division agreed to buy the division’s US operations. According to – Internal Link “Sports Betting News” to https://blog.priceperplayer.com/category/gambling-industry/betting-news/ reports, shareholders of PointsBet swiftly gave their approval to the acquisition in June 2023 at a price of $225 million.

FBG will take over more US state activities as each state grants approval. Following completion in this market, they proceeded according to PointsBet’s plans. This week, FBG completed the latest stage of its purchase of PointsBet US by launching its online sportsbook in Virginia.

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