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Nineteen jurisdictions reporting August sports betting results combined for $5,758,217,671 in handle, $588,427,084 in revenue, and $102,544,079 in tax, according to RG.org’s latest weekly revenue roundup. The report said four of the five biggest markets shrank, with New Jersey, Pennsylvania, and Michigan joining New York in decline.
No West Virginia-specific change was reported in the update.
Major markets show softer August results
RG.org said Illinois posted the largest handle in the latest table at $1,050,085,023. The report also highlighted broader weakness among top states, saying four of the five biggest markets declined during this reporting cycle.
New Jersey, Pennsylvania, and Michigan were listed among the states that joined New York in posting declines. The source did not attribute those results to a single cause in the fact pack.
Kansas stood out for a 4.05% hold, which the report described as the lowest margin in the country. Massachusetts, Arizona, Tennessee, Indiana, Louisiana, Kentucky, Connecticut, Iowa, New Hampshire, Washington, DC, Wyoming, Mississippi, Vermont, and South Dakota were also among the jurisdictions listed.
Illinois tax rate drops after fiscal-year reset
One of the clearest changes in the report came in Illinois, where the state’s effective tax rate fell from 31.4% to 17.6% after a fiscal-year bracket reset, according to RG.org.
That made Illinois notable not only for posting the biggest handle in the table, but also for a materially lower tax burden than in the prior period referenced by the source.
At the other end of the market, South Dakota had the smallest handle listed at $346,549. RG.org also pointed to Mississippi and South Dakota as examples of in-person-only sports betting markets continuing to lag behind online jurisdictions.
For readers in West Virginia, this was mainly a national snapshot rather than a state-specific development. What to watch next is whether later monthly reports show the same pressure across large markets and whether Illinois’ lower tax rate persists through the new fiscal-year cycle.
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Source: As reported by Sol Fayerman-Hansen.
