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In November, the total wagers in Kentucky’s sports betting sector surpassed $300 million for the first time, marking a significant milestone. When online and retail wagers are combined, the state reported a handle of $301.8 million.
This is a noteworthy accomplishment as Kentucky’s sports betting sector keeps expanding, especially after a decline in the previous month.
Online betting led the way with $290.7 million wagered, while retail locations contributed $11 million. DraftKings emerged as the top online operator, handling $112.4 million in bets. FanDuel followed closely with over $100 million, while BetMGM reported $15.1 million in wagers.
In retail betting, Churchill Downs, partnered with Kambi, took the lead with $3.6 million in wagers. Turfway Park and Red Mile followed, generating $2.7 million and $1.9 million, respectively.
Kentucky bettors saw substantial returns in November, with winnings totaling nearly $255 million. Online bettors took home $254.7 million, while retail players won an additional $10.3 million.
The state’s sports betting market generated $35.8 million in revenue, contributing almost $5 million in taxes. These figures highlight the economic impact of legal sports wagering in Kentucky.
Since the U.S. Supreme Court overturned the federal sports betting ban in 2018, 38 states and Washington, D.C., have embraced legal wagering markets. Kentucky’s impressive growth reflects a broader national trend.
Neighboring Missouri could soon join this list, as voters recently supported legalized sports betting in the latest election. This move positions Missouri to become the 39th state to offer legal sports wagering.
Kentucky’s November results underscore the growing popularity of sports betting and its potential to generate significant economic benefits. With strong performance across both online and retail platforms, the state is poised for continued growth in this expanding industry.