Nikhil Kalro

Michigan collected $497.6M in wagers in March, bouncing back strongly from February in which $415.8M was received in sports betting handle.

FanDuel continued its dominance over its closest competitor, DraftKings, and the other operators in Pennsylvania, with another strong performance in the state in March. After registering a sports betting handle of $331 million in March, FanDuel carried its total handle for the fiscal year 2023-24 to well over $2.5 billion in the state.

Massachusetts-based DraftKings DraftKings 41,09 +0,59% continued to extend its dominance over the rest of the state’s betting operators in its March revenue report. DraftKings pulled up a sensational betting handle of $323 million, more than all other operators combined. DraftKings has excelled in its home state for a while now, and that streak of proficiency is likely to continue well into the immediate future.

Caesars Entertainment Inc. announced net revenue of $2.7 billion for the first quarter ending March 31, 2024, which missed forecasts on Wall Street significantly. Shares on Caesars ( Caesars Entertainment 35,82 -4,66% ) fell by more than 4% during trading hours after Q1 results were announced.

With the NBA playoffs in full flow, basketball comprised more than half of all bets in Colorado in March. Considering the popularity of March Madness, the second-most bet sport was college basketball.

Wyoming moved closer to joining several other states in banning college player prop bets. The Wyoming Gaming Commission has put a proposition into action to ban betting on college player props for events sanctioned by the NCAA.

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The fight between DraftKings and FanDuel to top market share in Indiana intensified in April in another strong month for both operators. While DraftKings narrowly collected more in sports betting handle, FanDuel picked up a higher win rate and subsequently more revenue in the state in April.

Basketball was incredibly popular for sports bettors in Illinois in March. A total of $633.7 million was wagered on basketball, across the NBA and college basketball, which is an all-time record in Illinois.