Massachusetts Sports Betting Revenue Reporting: Month-by-Month

The experts at BetMassachusetts.com have assembled this guide to provide the latest updates on Massachusetts sports betting financial figures, which include handle, revenue and tax collections.

The sports betting market in Massachusetts is relatively new. Sports wagering was legalized in the commonwealth in 2022. In-person sports wagering began in January 2023, and online/mobile wagering began in March 2023.

In Massachusetts, there are three categories of sports wagering licensees: Category 1, licensed casinos; Category 2, racetracks and/or simulcast centers, and Category 3, online/mobile operators.

Financial figures are specified by either retail licensees or online licensees. They also include data from Massachusetts sportsbook promos.

In Massachusetts, bettors have shown already they will wager hundreds of millions of dollars each month, and the vast majority of the sports gambling action is on online or mobile, via computers or mobile devices.

Sports wagering is taxed as follows: Category 1 & Category 2 Sports Wagering Licensees are taxed on 15% of gross sports wagering revenue, and Category 3 Sports Wagering Licensees are taxed on 20% of gross sports wagering revenue.

Massachusetts Sports Betting Revenue: August vs. July

Massachusetts Sports Betting Handle and Revenue: August 2024

The final month of summer delivered promising results for Massachusetts sports betting operators, with an 8.6% month-over-month increase in wagering handle offsetting a 19.1% decrease in taxable gaming revenue. Overall, Massachusetts’ total sports betting handle of $447,318,476 was up compared to July’s sum of $411,791,699, while the Commonwealth’s mobile sports betting handle of $439,690,611 was up 8.5% month-over-month from July’s total of $405,213,569.  

As far as revenues were concerned, Massachusetts sports betting operators took in $33,324,825 in taxable gaming revenue, with $33,324,825 of that coming from online wagers and $381,134 chipped in by brick-and-mortar sportsbooks. That total represented a 19.1% drop from July’s revenue total of $41,207,349. 

That drop in wagering revenues caused Massachusetts’ sports betting tax haul to decline 18.8% month-over-month, going from $8,187,324 in July to $6,645,908 in August. 

As far as market share was concerned, DraftKings Massachusetts Sportsbook was the leader in August, with a total handle of $229,375,488, beating out FanDuel Sportsbook ($118,224,618), BetMGM ($31,118,524), Fanatics ($25,859,712), ESPN BET ($16,679,916), Caesars Sportsbook ($15,998,315) and Bally Bet ($2,434,039).  

On the retail side, Encore Boston Harbor led the way with a total handle of $4,113,444 in August, beating out Plainridge Park ($2,733,191) and MGM Springfield ($781,229).  

Massachusetts Mobile Sports Betting History