The Kentucky Horse Racing Commission reported $66.9 million in sports betting revenue for the three-month period from March through May on Wednesday, with sportsbooks posting double-digit holds in the final two months of that window.
The seven retail sportsbooks and seven sports betting apps — eight once Circa Sports entered in May — combined to generate $624.9 million in handle. The Bluegrass State is $17.3 million shy of $2 billion worth of wagers through its first nine months of legalized commercial betting.
Operators fared far better in April and May than they did in March. Despite the Kentucky Wildcats being upset in the first round of the NCAA Tournament by Oakland, the hold for March was only 8.6%. They regrouped with a vengeance in April, posting a 12.4% win rate, and followed that with a 12.9% hold for May.