Kentucky online sportsbook wagers up 15.5% YoY in March

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Wagers for Kentucky’s online sportsbooks reached US$284.9 million in March, up from the previous year’s recorded total of US$246.5 million, representing a 15.5% year-on-year increase.

The Kentucky Horse Racing and Gaming Commission regulates eight online sportsbooks in the state, including DraftKings, Penn Sports Interactive, Circa Sportsbook, Caesars Sportsbook, Bet365, BetMGM, and FanDuel.

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Combined adjusted gross revenue was US$18.8 million, down from US$20.9 million in March 2024, marking a year-on-year decrease of 10%. Kentucky excise tax, with operators taxed at 14.25%, also decreased in March, dropping from US$2.9 million to US$2.6 million.

DraftKings reported the highest wagers of the eight regulated sportsbooks, recording US$104.7 million. This was up from last year’s US$101 million, a year-on-year increase of 3.6%. The sportsbook also reported the highest revenue in March 2025 at US$95.9 million, up from the previous year’s US$92.3 million.

This was closely followed by FanDuel, which recorded $98.6 million in wagers last month, rising 16.5% year-on-year from US$84.6 million. Yet, FanDuel’s revenue declined in March, dropping from US$7.9 million to $6.3 million.

However, Penn Interactive experienced the most significant decline last month, with wagers dropping from US$11.4 million to US$7.6 million, a 32.5% year-on-year decrease, and revenue down from US$967,262 to US$472,371, a 51.1% year-on-year decline.

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2025/04/15: Indiana online sports betting handle up more than 11% YoY in March 2025/04/30: Caesars Entertainment announces pari-mutuel horse wagering ahead of Kentucky Derby 2025/04/14: New York sportsbooks record online handle of US$2.4 billion in March 2025/03/17: Kansas online sportsbook revenue up more than US$20 million year-on-year in February