Mainers bet $43 million on sports in first month of legal bets
MILES HOOD WALKS US THROUGH THE PROCESS.. WITH A LITTLE HELP FROM CAESAR'S SPORTSBOOK.. (MILES IN) SPORTS BETTING WENT LIVE ABOUT A WEEK AGO AND YOU MAY BE ITCHING TO TRY IT OUT. BUT IF DON'T YOU KNOW WHAT A SPREAD, MONEYLINE OR PARLAY IS.. I CAN HELP.. WITH AN ASSIST FROM AN EXPERT. SO FIRST THINGS FIRST.. YOU HAVE TO DOWNLOAD ONE OF THE TWO LICENSED MOBILE SPORTSBOOKS IN MAINE.. DRAFT KINGS OR CEASARS.. THEY LOOK A LITTLE DIFFERENT BUT BOTH FUNCTIONALLY ACT THE SAME ONCE YOU CREATE AN ACCOUNT, YOU MAKE YOUR FIRST DEPOSIT.. HOWEVER MUCH YOU WANT.. BUT HOW DO YOU CHOOSE WHICH GAME OR BET TO PLACE? DAN SHAPIRO IS THE CHIEF DEVELOPMENT OFFICER AR CEASARS DIGITAL. HE SAYS KNOWING THE BASICS IS KEY TO MAKING THE MOMENT FUN BUT ALSO RESPONSIBLE. THE THREE BASIC BETS ARE THE SPREAD- 00:06:58:07- 00:07:14:19 "IF THE TEAM SAY, IS MINUS SEVEN POINTS, THAT MEANS THAT IF YOU BET THEM ON THE POINT SPREAD, THEY HAVE TO WIN THE GAME BY SEVEN AND A HALF POINTS OR MORE FOR YOU TO WIN YOUR BET." MONEYLINE 00:07:28:00- 00:07:33:22 MONEY LINE IS BASICALLY WINNING THE GAME OUTRIGHT. SO, YOU KNOW, WELL, THE CELTICS WIN THE GAME TONIGHT, RIGHT? AND PARLAYS 00:08:01:10- 00:08:05:15 WHICH IS WHEN YOU'RE PUTTING KNOW MULTIPLE OUTCOMES WITHIN A SINGLE BET. (MILES OUT) CEASARS KNOWS GAMBILING ADDICITON IS A REAL ISSUE AND HAS OPTIONS BUILT INTO THE APP THAT YOU CAN SET TO LIMIT YOUR
Sports betting has now been legal in Maine for a month and Mainers are placing a lot of bets.According to data from the Maine Gambling Control Unit, Mainers wagered nearly $43 million ($42,952,982.94) through DraftKings and Caesars Sportsbook though the first month - from Nov. 3 through Dec. 3.The vast majority - about 81 percent - of the total money wagered was through DraftKings.What you need to know for mobile sports betting in MaineThe data shows that the two platforms paid out just under $38 million ($37,929,842.62) in winnings. DraftKings and Caesars paid a combined $95,189.54 in federal excise tax and $478,012.58 in tax to the state of Maine. They pay tax on their adjusted gross receipts - essentially however much money they make after paying out winnings and federal tax.The biggest single days for bets so far for DraftKings were Nov. 26 and Dec. 3, both Sundays with full NFL slates, including the Patriots. The biggest single days so far for Caesars Sportsbook were Nov. 25 and 29, big college football, college basketball and NBA days.
MAINE —Sports betting has now been legal in Maine for a month and Mainers are placing a lot of bets.
According to data from the Maine Gambling Control Unit, Mainers wagered nearly $43 million ($42,952,982.94) through DraftKings and Caesars Sportsbook though the first month - from Nov. 3 through Dec. 3.
The vast majority - about 81 percent - of the total money wagered was through DraftKings.
The data shows that the two platforms paid out just under $38 million ($37,929,842.62) in winnings. DraftKings and Caesars paid a combined $95,189.54 in federal excise tax and $478,012.58 in tax to the state of Maine. They pay tax on their adjusted gross receipts - essentially however much money they make after paying out winnings and federal tax.
The biggest single days for bets so far for DraftKings were Nov. 26 and Dec. 3, both Sundays with full NFL slates, including the Patriots. The biggest single days so far for Caesars Sportsbook were Nov. 25 and 29, big college football, college basketball and NBA days.
