What it is
Sports betting handle refers to the aggregate sum of all bets placed by customers with legal sportsbooks within a given timeframe, such as a month or a quarter. This figure represents the total volume of money risked by bettors, regardless of whether those bets won or lost. It is a key metric for the sports betting industry, indicating the overall activity and popularity of legalized wagering. The handle does not include the money paid out in winnings; it is purely the amount taken in by the operators before any deductions for payouts or operating costs.
Sports betting handle is regularly reported by state gaming commissions and publicly traded sports betting companies. It serves as a crucial indicator of market growth and consumer engagement in the expanding legalized sports betting sector. Analysts and investors track handle figures to assess the performance of individual operators and the health of the industry. Higher handle often correlates with increased revenue for sportsbooks, even if their "hold" (the amount kept after payouts) fluctuates. News often highlights record handles during major sporting events or expansions into new states.
Why it matters
Handle indicates the total volume of money wagered, directly influencing revenue for sports betting companies. Strong handle growth signals a healthy and expanding market, impacting stock valuations.
Reviewed under editorial standardsUpdated September 26, 2026Not investment advice