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: October vs. September

Massachusetts Sports Betting Handle and Revenue: October 2024

In October, Massachusetts sports bettors set a record for handle for the second straight month. According to data released on Nov. 20 by the Massachusetts Gaming Commission, the state’s licensed sportsbooks and apps accepted $748,070,049 in wagers during October.

That smashed the September handle of $678,747,447, which was the previous high-water mark, by 10.2%.

All but about $13 million of the bets made in October were through the seven licensed Massachusetts online sports betting operators. The $734,999,591 wagered through the apps beat the September handle of $667,652,705 by 10.1%.

While the handle increased from month to month, sportsbooks saw more money go back to the bettors in October. The $48,300,748 they reported in taxable revenue last month was down 34.3% from the $73,488,421 they generated in September.

The revenue decline in the month-over-month comparison can be attributed to a solid month for football bettors.

Massachusetts retail sportsbooks reported just $5,286 in revenue, down 99.6% from the $1,309,318 they won in September. Revenue for online operators dropped 33.1% from the $72,179,103 they reported in September – a state record – to $48,295,463 in October.

The Bay State taxes mobile sports betting revenue at 20% and brick-and-mortar sportsbooks at 15%. October’s total tax tally of $9,659,885 was down 34% from the record $14,632,219 the state received in September.

Boston-based DraftKings MA Sportsbook remained the state’s most popular sports betting app, as gamblers wagered $383,372,915 there during October. FanDuel reported a handle of $215,476,454. Behind them were: BetMGM’s $49,658,401, Fanatics’ $35,231,334, ESPN BET’s $25,013,309, Caesars’ $21,152,208 and Bally Bet’s $5,094,970.

Massachusetts Mobile Sports Betting History