Vermont’s mobile sports betting handle, revenue and tax collections all declined in March, the second full month of wagering in the US state.
Revenue and tax collections both fell by 40 per cent to US$1.4m and $441,030, respectively.
Sports betting handle was more stable, however, dropping by five per cent to $20.2m.
Vermont opened its doors to regulated mobile sports betting in mid-January and handle had predictably increased in February with a full month of wagering, to $21.2m from January’s $19.9m.
However, sports betting revenue bucked that trend, declining in February despite the extra days of wagering in the month.
In the latest reporting period, basketball was the most popular sport for wagers, accounting for $11.7m of bets.
The Vermont Department of Liquor and Lottery’s most recent report also shows that, of the $20.2m in handle, $14.3m came from in-state players and $5.9m came from bets from people who passed through the Vermont border to bet.
