South Dakota Sportsbooks Maintain Momentum with Near-Million November Handle
Following a record-breaking October with over $1 million in sports betting handle, South Dakota sportsbooks have reported a robust performance in November.
The state’s sportsbooks posted a substantial handle of $967,994, marking it as the second-highest total for the year and a significant increase over November 2022.
November’s Sports Betting Breakdown in South Dakota
The driving force behind November’s impressive handle figures was predominantly football, both professional and college. The NFL accounted for $414,744.94, while NCAA football contributed $293,823.06. Other sports collectively added $259,425.68 to the handle, illustrating the diverse betting interests in the state.
Comparing year-on-year, November 2023 saw a 12.34% increase in the total sports betting handle compared to November 2022. This growth was particularly evident in NFL betting, which saw an increase of about $75,000. College football also saw a notable rise of approximately $26,000. However, there was a slight decrease in men’s college basketball bets.
Sport-by-Sport Handle Comparison
A detailed look at the handle for various sports between November 2023 and November 2022 reveals interesting trends. The NFL and NCAA football led the charge with significant increases, while other sports like NBA, NHL, and tennis also saw growth.
However, some sports like MLB and NCAA men’s basketball experienced a decrease in betting handle.
Our Comment on the Article
The performance of South Dakota’s sportsbooks in November 2023 is a testament to the growing enthusiasm and engagement in sports betting within the state. The notable increase in the sports betting handle, particularly in popular sports like NFL and NCAA football, indicates a deepening interest and participation in sports betting among South Dakotans.
This upward trend, consistent even after a record-breaking month, showcases the potential for continued growth and diversification in the state’s sports betting market. Moving forward, it will be interesting to observe how South Dakota sustains this momentum and adapts to changing betting preferences and trends in the sports betting landscape.
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