The monthly handle in the finance sector showed an increase of 4.5% compared to the amount of $512.9m recorded in April 2022. However, it was 16.9% lower than the figure of $644.8m reported in March of this year.
Out of the total, $531.2 million was invested in online sports betting, whereas a mere $3.7 million was wagered at physical sportsbooks across the state.
In the finance sector, event wagering revenue before free bets amounted to $48.0 million, while consumers managed to win a substantial sum of $486.5 million through their bets.
The financial impact of betting can be significant, with consumers collectively earning a considerable amount. After deducting the consumers’ winnings, the adjusted gross event wagering revenue stands at $48.0 million.
Financial Update:
In terms of finances, the current figure of $31.1m is a significant improvement compared to last year’s $29.2m, showing a positive growth of 64.4%. However, there has been a slight decrease of 10.1% compared to the March figure of $53.4m this year. This fluctuation in financial performance reflects the ongoing dynamics in the finance sector.
