Montana Sports Betting Revenue Insights August 2025

Revenue Insights

$763K

Montana sportsbooks generated $763,060 in revenue for June 2025.

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$4.98M

Total handle for the month, a decrease from May’s $6.21M.

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15.32%

Hold percentage in June, well above the year-to-date average.

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$64.9K

State tax revenue collected from June sports betting activity.

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Sports Betting in Montana

Montana, known as the Treasure State, has a population of about 1.1 million as of 2024. The state has had legal sports betting in operation since 2020, but has taken a relatively restrictive approach to developing the industry.

Sports betting in Montana was legalized on May 3, 2019, when Governor Steve Bullock signed House Bill 725 into law. This law gave the Montana Lottery control over sports wagering. The state officially launched sports betting in March 2020 with the introduction of Sports Bet Montana, the only legal sportsbook in the state.

Unlike states with multiple online sportsbook operators, Montana’s model puts all sports betting under the state lottery. Sports Bet Montana is available through kiosks at licensed locations like bars, restaurants, and casinos. There is a mobile app, but you can only place a bet when physically at one of these locations, as the app uses geolocation to enforce this.

Montana’s sports betting rules require you to be at least 18 years old, younger than many other states’ 21-year-old minimums. The state taxes operators 8.5% on adjusted gross sports betting revenue.

Interested in how different operators compare? Read our in-depth reviews of sportsbooks in Montana.

Annual Sports Betting Growth in Montana

Data is pulled directly from the The Montana Lottery Annual Reports

Source:

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Monthly Sports Betting Growth in Montana

Taxes

Data is pulled directly from the The Montana Lottery Annual Reports

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Montana Sport Betting Revenue Performance

Since launching in March 2020, Montana’s sports betting market has operated exclusively through the state lottery’s Sports Bet Montana platform. Below is a breakdown of yearly performance since launch, followed by monthly results for 2025.

Year	Handle	Revenue	Hold %	State Taxes
2020	$18,770,480	$2,369,041	22.68%	$201,368
2021	$47,215,732	$6,406,223	13.81%	$544,529
2022	$50,918,515	$7,173,449	13.92%	$609,743
2023	$62,258,820	$8,446,611	13.66%	$717,962
2024	$66,469,999	$7,186,894	11.46%	$610,886

2025 Year-to-Date

Month	Handle	GGR	Hold %	Tax Revenue
Jan 2025	$5,750,903	$1,289,383	22.42%	$109,598
Feb 2025	$3,743,225	$185,245	4.95%	$15,746
Mar 2025	$6,200,119	$685,025	11.05%	$58,227
Apr 2025	$6,207,185	$759,848	12.24%	$64,587
May 2025	$4,981,327	$763,060	15.32%	$64,860

Latest Updates in the Montana's Sports Betting Sector

May 26, 2025 – Montana became the first U.S. state to ban sweepstakes casinos, with Gov. Gianforte signing SB 555 into law. This law, taking effect October 1, targets the dual-currency gaming model. (yogonet.com)
January 2025 - Montana State reaching the FCS National Championship Game drives betting surge in the state. (KTVH, 2025)
October 2024 - Montana Lottery took a rare loss on sports betting in the month of October as payouts to winning bettors ($7.62 million in winning bets) exceeded total wagers ($7.59). (CDC Gaming, 2024)
February 1, 2024 - Two Montana tribes, the Assiniboine and Sioux Tribes of the Fort Peck Indian Reservation, are given approval to offer retail sports betting at Silver Wolf Casino. (SBC Americas, 2024)

Montana Snapshot

Key Aspect	Details
Population	Approximately 1.1 million residents as of 2024. (World Population Review, 2024)
Political Affiliation	Montana has the Republican party controlling the governorship and both legislative chambers. The state voted Republican in the 2024 presidential election. (270towin.com , 2024)
Year Sports Betting Legalized	Sports betting became legal in the state of Montana on March 11, 2020. (USA Today, 2020)
Number of Sportsbooks Operating	There are no online sportsbooks in the state. Instead, residents and visitors to the state can place wagers at licensed lottery retailers.
GGR 2025 (Jan-May)	$3,682,561
Handle 2025 (Jan-May)	$26,882,759
Professional Sports Teams	Montana does not have any major professional sports teams. The most popular NCAA program is the Montana Grizzlies.

FAQs

General Questions

When did Montana legalize sports betting?

Montana legalized sports betting on May 3, 2019, with the passage of House Bill 725.

How can you place a sports bet in Montana?

Bets can only be placed in person at licensed kiosks in bars, restaurants, and casinos or via the Sports Bet Montana app while physically at a licensed location.

Who regulates sports betting in Montana?

The Montana Department of Justice’s Gambling Control Division oversees and enforces sports betting regulations.

Does Montana allow online sportsbooks like FanDuel or DraftKings?

No, Montana operates a state-run model where Sports Bet Montana is the only legal sportsbook, and all bets must be placed at designated retail locations.

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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