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: November vs. October

The monthly sports betting handle records set in the Bay State during October couldn’t hold up very long. That’s because Massachusetts sports betting operators set a new high during the 11th calendar month of the year, with a 4% increase month-over-month in November from October’s previous mark.

Overall, sports betting operators in Massachusetts reported a total handle of $777,814,799 in November, up 4% from October’s total of $748,070,049, which happened to be the previous record in the state. The mobile wagering handle of $764,051,515 was also 4% higher than October’s previous high of $734,999,591, according to data that the Massachusetts Gaming Commission released on Dec. 20.

As far as sports betting gaming revenue was concerned, Massachusetts sportsbooks set another record in November, with $80,468,944 in total. That was up 66.6% from October’s mark of $48,300,748 and shattered the state’s previous record high of $73,488,421, set this September. Of the total November revenue, $79,586,721 came from online wagers, with an additional $882,223 from retail bets at the state’s three brick-and-mortar retail outlets.

Massachusetts sportsbooks broke another record for taxes derived from sports betting in November, finishing up at $16,049,678, up 66.1% from October’s total of $9,659,885 and cruising past the previous high of $14,632,219, set in September.

The Bay State mobile wagering market share winner was DraftKings MA Sportsbook, which took in $384,184,323 in wagers. That bested FanDuel ($225,680,330), BetMGM ($58,544,812), Fanatics ($37,386,637), ESPN BET ($29,222,138), Caesars ($23,345,154) and Bally Bet ($5,688,120).

Finally, the Massachusetts retail sports betting handle market share leader in November was Encore Boston Harbor, which finished at $7,314,781 in wagers. Plainridge Park ($4,914,472) and MGM Springfield ($1,534,032) rounded out the list for retail sportsbook handle in the Bay State.

Massachusetts Mobile Sports Betting History