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.

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: December vs. November

Massachusetts sports betting ended 2024 with a bang, topping what was a record monthly handle in November with an even higher mark in December.

Bettors wagered $788,340,996 in December, beating November’s handle of $777,814,799 by 1.4%. Online wagering accounted for 98.5% of the handle in December, a total of $776,820,368. That, too, was a record, beating the November online handle of $764,051,515 by 1.7%, according to Massachusetts Gaming Commission data.

While the handle inched up, revenues fell on a month-to-month basis. Massachusetts sports betting operators reported taxable revenues totaling $57,512,914 in December, down 28.5% from the $80,468,944 they generated in November. The state’s online operators accounted for $57,448,877 of the revenue, with the brick-and-mortar sportsbooks winning $64,037.

With revenues falling, so did the state’s tax proceeds. The 20% tax on online sports betting revenues delivered $11,489,775 to Massachusetts in December, while the 15% levy on retail revenues equaled $9,606. The total of $11,499,381 was down 28.4% from the $16,049,678 the state received in November.

DraftKings maintained its position as the state’s top sports betting operator. The Boston-based company reported a handle of $364,578,500 in December and revenues equaling $29,607,533. FanDuel finished second in both handle and revenue, with $241,493,165 and $18,830,482, respectively. BetMGM ($65,050,988/$4,042,288), Fanatics ($46,927,745/$2,469,305) and ESPN BET ($29,797,960/$1,149,381) rounded out the top five.

December also completed the first full calendar year for Massachusetts sports betting. In 2024, bettors wagered $7,401,117,706. That was 49% more than the $4,966,764,582 handle the state reported in 2023. Retail sports betting began on Jan. 31, 2023, with mobile launching on March 10.

Operators won $650,818,335 in 2024. That was up 49.8% from the $434,373,375 they won in 2023.

Massachusetts Mobile Sports Betting History