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: March vs. February

Massachusetts Sports Betting Handle and Revenue: March 2024

March was a milestone for Massachusetts sportsbooks.

The legal Massachusetts sports betting operators marked their one-year anniversary on March 10, 2024. And in that month, those operators combined to take in almost $655 million in wagers.

The exact total in sportsbook handle for March was $654,933,312, up 20.7% from February ($542,480,676). Of that, the vast majority of the action was at mobile apps, which accounted for $642,251,299.

However, revenue and taxes fell in a month-over-month comparison. The combined revenue (mobile and retail) declined 12%, from $52.55 million in February to $46.226 million last month. Taxes collected slipped 12.4%, to $9.21 million in March, from $10.5 million the previous month.

As far as individual operators, Betr and WynnBET pulled out of Massachusetts in February, leaving the state with six mobile operators. The March handle by sportsbook was: DraftKings $323,014,374, FanDuel $190,440,553, BetMGM $45,483,986, ESPN BET (Penn Sports Interactive) $34,401,733, Caesars $25,195,472, Fanatics $23,715,181.

DraftKings, based in Boston, also led in revenue at $22.67 million, followed by FanDuel at $15.19 million.

Among the three retail sportsbooks, Encore Boston Harbor led with $5.7 million in handle but Plainridge Park was tops in taxable revenue at $444,418.

Massachusetts Mobile Sports Betting History