The US state of Vermont saw mobile sports betting revenue rise in April despite a drop in handle.
Handle declined from March’s $20.2m to $17.1m in April, a drop of 15.4 per cent.
However, revenue improved from March’s $1.4m to $1.7m in April – the third full month of regulated mobile wagering in Vermont after the market’s launch in mid-January.
Figures from the Vermont Department of Liquor and Lottery also reveal that the state took $532,457 in sports betting taxes in April, up from March’s $441,030.
Basketball was Vermont’s most popular sport for wagering in April, accounting for $6.1m in bets. Baseball followed behind with $2.97m in bets.
Handle of $13.6m was reported by bettors registered in the state of Vermont, while $3.5m was taken in bets from people crossing the border into the state.
The average bet for both bettor profiles was $21.81 and $30.56, respectively.
