Betting records tumble in Connecticut
Looking now to Connecticut, the state set new monthly records across sports betting handle and gross gaming revenue (GGR) during September.
Monthly spend on betting hit $214.4m (£164.9m/€198.1m), narrowly beating the previous record of $212.2m in December 2023. This is also up 18.5% from September 2023 and 65.9% above August, according to the Connecticut Department of Consumer Protection.
Of this total, $204.9m was attributed to online betting and $9.5m retail sportsbooks.
As for revenue, GGR from sports betting during September was $26.6m, another new monthly record. This surpasses the $24.9m previous all-time high reported in January, while also beating last year by 41.5% and August by 94.2%.
Online betting drew $25.3m of all revenue in Connecticut, with retail’s share at $1.3m. As for hold, this stood at 12.41% for the state as a whole.
FanDuel and partner Mohegan Sun remain the narrow online market leaders in Connecticut. During September, the partnership drew $11.7m in revenue from a $69.4m handle for a 16.86% hold.
Fanatics and CT Lottery Corp again took the top spot in the retail sector with revenue of $1.2m off a $9.1m handle, resulting in a 13.19% hold.
Handle and revenue growth in Louisiana
Turning now to Louisiana, while monthly records remained intact, the state saw year-on-year growth across handle and revenue in September.
Starting with handle, total spend across online and retail hit $351.7m, the Louisiana Gaming Control Board reports. This is 25.4% ahead of last year and 50.0% ahead of August this year.
Online betting accounted for $320.0m of all wagers in September, while $31.7m was spent at retail sportsbooks.
As for adjusted gross revenue (AGR), this totalled $52.5m, up 25.6% year-on-year and 106.7% ahead of August. Revenue from online topped $47.2m, with retail at $5.3m.
This resulted in a state-wide hold of 14.93% for September in Louisiana. The regulator does not publish a breakdown of individual operators.
Wyoming handle reaches record $22.9m
Wyoming set a new online sports betting handle record in September. The $22.9m wagered surpassed the previous all-time high of $21.3m, posted in October 2023.
September’s total was also 18.7% higher year-on-year and 87.7% ahead of August, data from the Wyoming Gaming Commission shows.
GGR topped $3.0m, another new record for the state, surpassing $2.7m in January. This is also double last year’s figure and 87.5% more than August, with state-wide hold based on this at 12.91%.
However, taxable revenue did not reach the same heights. For September, this totalled $1.4m, short of January’s record $1.8m. However, it was 174.4% above last year and 27.3% better than August.
Hold based on taxable revenue reached 6.21% during September.
Year-high results for Mississippi in September
Completing our round-up in Mississippi, total spend at retail sportsbooks in casinos across the state topped $51.8m. This is marginally ahead of $51.6m in September last year and 129.2% above August.
Mississippi does not have state-wide mobile betting, though some sportsbooks allow on-site mobile wagering.
Figures from the Mississippi Gaming Commission also show revenue from sportsbooks in September hit $7.0m. This misses last year’s total by 13.6% but is 118.8% ahead of August.
This left a state-wide hold of 13.61% for the month.
Coastal casinos remain the venue of choice for Mississippi consumers, drawing $4.4m from $35.2m in bets for a 12.44% hold.
Revenue at central casinos hit $1.7m from $10.5m in wagers, leaving a 15.91% hold. Finally, northern casinos generated $986,494 in revenue off a $6.0m handle, meaning a 16.40% hold.
Original article: https://igamingbusiness.com/sports-betting/connecticut-louisiana-mississippi-wyoming-september-betting/
