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, February vs. January

Massachusetts sports betting figures dipped in February as expected, with the end of football season decreasing participation for many in the Bay State.

February’s handle was $628,170,780, according to data that the Massachusetts Gaming Commission released. That was down 17.6% from the $762,506,667 bettors wagered in the state during January. The amount bet online in February, $618,587,815, was off by 17.7% from the $751,428,399 reported by the MGC in January.

Operator revenues fell at a steeper rate on a month-to-month basis. The $65,570,377 they earned was a 30.5% decrease from the state-record $94,374,882 the commission reported operators generated in January. For February, operators earned all but $205,391 online.

The Commonwealth’s share dropped by a similar rate, with the state receiving $13,103,806 in sports betting tax revenue for February. That was down 30.4% from the $18,836,029 in Massachusetts sports betting taxes generated in January.

Among operators, Boston-based DraftKings remained the dominant Massachusetts sportsbook. It reported an online handle of $317,015,331 for February and revenues totaling $36,028,225. FanDuel finished second with a monthly handle of $167,167,560 and revenues of $19,176,674. 

Bettors wagered $54,553,885 through BetMGM, which generated $4,704,618 in revenue for the month. Fanatics accepted $33,048,078 in bets and collected $3,045,848. ESPN BET took $21,972,200 in action and kept $1,544,810, while Caesars’ handle of $21,073,084 resulted in revenues of $587,655.

Encore Boston Harbor was the top brick-and-mortar sportsbook from a handle perspective, as the Wynn casino reported $4,969,330 in wagers during February. However, it reported no taxable revenue. Plainridge Park had a retail handle of $3,302,056, which generated $93,119 in revenue, while MGM Springfield accepted $1,311,579 in bets and earned $112,272 in revenue.

Massachusetts Mobile Sports Betting History