Combined sports betting and casino revenue in Massachusetts in December amounted to $163.6m, up 14.4% from November.
Starting with sports betting, the December handle narrowly beat the existing record of $654.4m set in November. The Bay State launched legal betting in March 2023.
Players spent $643.2m betting online during December and $15.5m at retail sportsbooks.
Revenue falls just short of Massachusetts record
Turning to taxable revenue from sports betting, this reached $60.6m in December. This was 23.9% ahead of $48.9m in November and just 0.7% behind May’s $61.0m monthly record.
Online betting accounted for $59.3m of all sports betting revenue in December, with retail’s share at $1.3m.
DraftKings the clear leader in online market
Looking at individual operators, DraftKings remains ahead of the pack in the online betting market. DraftKings posted $29.9m in revenue from $316.9m in online bets in December.
Flutter Entertainment-owned FanDuel was second in Massachusetts. The operator reported $19.3m in revenue off a $187.4m handle.
Placing some way behind in third was BetMGM with revenue of $3.1m from $39.2m in total online wagers.
As for the land-based sector, Plainridge Park Casino led the way with $534,411 in revenue from a $7.2m handle. Encore Boston Harbor followed with $499,411 off $6.4m, then MGM Springfield on $259,588 from $1.9m.
Massachusetts casino revenue improves to $103.0m
As for the casino market, revenue from land-based venues amounted to $103.0m. This was 9.6% ahead of $94.0m in November, including $68.7m from slots and $34.3m table games.
Encore Boston Harbor claimed top spot with $65.8 in total casino revenue. This comprised $36.2m in slots revenue and $29.7 table games.
MGM Springfield was second with $23.6m, of which $19.0m was slots revenue and $4.6m table games. Placing third was Plainridge Park Casino on $13.6m, with all this coming from slot games.
Massachusetts collected $12.0m in sports betting tax and a further $29.0m in casino tax. Total tax for the month stood at $41.1m.
Original article: https://igamingbusiness.com/finance/massachusetts-sets-betting-handle-record-december/
