Mass. Gets First Look at Full Month of Retail Sports Betting Handle

Mass. Gets First Look at Full Month of Retail Sports Betting Handle
Fact Checked by Pat McLoone

The Massachusetts Gaming Commission (MGC) released its first full official monthly retail Massachusetts sports betting report on Wednesday.

All three casinos in the state - MGM Springfield (BetMGM Massachusetts Sportsbook), Plainridge Park Casino (Barstool Sportsbook), and Encore Boston Harbor (WynnBET) in Everett - launched their brick-and-mortar locations as Category 1 sports wagering operators on Jan. 31. 

Massachusetts bettors must be 21+ and present to place wagers in the state. Gambling problem in Massachusetts? Play it smart from the start! GamesenseMA.com or Call 1-800-327-5050 to speak with a trained specialist free and confidentially 24/7. Full Terms apply

Breaking Down the Numbers

Here is the breakdown:

Total February sports betting handle for the three sportsbooks generated about $24.98 million. It was $510,948 for the Commission's one-day only report in January.

Encore Boston Harbor led the way with more than $17.27 million, followed by Plainridge Park Casino at $5.91 million with MGM Springfield rounding out the top three with nearly $1.8 million.

State sports betting revenue for the month totaled more than $2.01 million. It was minus-$7,596 for Jan. 31. Sports betting taxes collected by the state: $301,534, as opposed to $9,861 for Jan. 31.

Category 1 operators are taxed at 15%. Of that total taxed amount, 45% is allotted to the General Fund, 17.5% to the Workforce Investment Trust Fund, 27.5% to the Gaming Local Aid Fund, 9% to the Public Health Trust Fund and 1% to the Youth Development and Achievement Fund.

Taxable Revenue by Facility for February - Encore Boston Harbor: $857,602; Plainridge Park Casino: $890,555; MGM Springfield: $262,066.

Taxes by Facility - PPC: $133,583; EBH: $128,640; MGM Springfield: $39,310.

Six Massachusetts sports betting apps launched in the Commonwealth on March 10 and should be part of the next report in mid-April.

Massachusetts bettors must be 21+ and present to place wagers in the state. Gambling problem in Massachusetts? Play it smart from the start! GamesenseMA.com or Call 1-800-327-5050 to speak with a trained specialist free and confidentially 24/7. Full Terms apply

Casino Gross Gaming Handle, Revenue

In February, all three casinos combined to generate more than $769.48 million in casino gaming handle, down 2.5% from January's $789.08 million. It marks the second consecutive month of a total decrease among the three.

The breakdown: EBH: $397,442,408, MGM Springfield: $202,389,050 and PPC $169,657,183.

Gross Gaming Revenue (GGR) for the state was more than $98 million, a slight increase of 1.2% from January's $96.87 million. 
 
EBH led the way with $62.7 million, followed by MGM Springfield at $23.26 million and PPC at $12.04 million.

PPC, a Category 2 slots facility, is taxed on 49% of GGR. Of that total taxed amount, 82% is paid to Local Aid and 18% is allotted to the Race Horse Development Fund.

MGM Springfield and EBH (Category 1 resort-casinos) are taxed on 25% of GGR; those monies are allocated to several specific state funds as determined by the gaming statute.

To date, the Commonwealth has collected approximately $1.344 billion in total taxes and assessments from the casino operations of PPC, MGM and Encore since the respective openings of each gaming facility.

BetMassachusetts.com – your source for Massachusetts betting promos – will provide news and revenue updates as warranted.

Massachusetts bettors must be 21+ and present to place wagers in the state. Gambling problem in Massachusetts? Play it smart from the start! GamesenseMA.com or Call 1-800-327-5050 to speak with a trained specialist free and confidentially 24/7. Full Terms apply
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Author

Lou Monaco

Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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