Maine sports betting opening weekend garners $3.4m in bets

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DraftKings took $3.4m in bets on the opening weekend of sports betting action in Maine last weekend as the newest US market kicked into action. 

Per the Maine Gambling Control Unit, bettors in Maine spent $3.9m in bets on the opening weekend, with the vast bulk of that being on DraftKings compared to a small amount on Caesars Sportsbook

From Friday, November 3 to Sunday, November 5, bettors engaged with NFL content and bet almost $4m, with around $2.98m paid out in winnings. DraftKings paid out around $2.57m in winnings while Caesars reported $405k paid out in winnings from around $528k in bets. 

Combined, DraftKings and Caesars paid around $94k in taxes for their trading on the opening weekend. 

Per Maine’s sports betting legislation, 50% of the revenue is to be given to tribal operators, while an additional 10% will be taken in taxes for the state. 

DraftKings has partnered with the Passamaquoddy Tribe to gain access to the online sports betting market, while Caesars is partnered with three of the Wabanaki Nations.

“Building a relationship with the Passamaquoddy Tribe is a fantastic opportunity for DraftKings, as we look to bring customers in the state of Maine safe and legal sports betting,” said Jason Robins, Chief Executive Officer and Co-Founder of DraftKings. 

“We look forward to our continued collaboration with the Maine Gambling Control Unit as we become the official mobile sports betting provider of the Passamaquoddy Tribe and launch in our industry-leading 25th state.”