Massachusetts casino and sports betting revenue reaches $158.9m in February
Gaming revenue rose by 3.8 per cent year-on-year.
US.- The Massachusetts Gaming Commission has reported that the state generated $158.9m in taxable gaming revenue for February, up 3.8 per cent year-on-year but a decline from the $192.3m posted in January this year.
Casino wagering generated $93.4m and sports betting $65.5m. Table and slots GGR fell 7.1 per cent year-on-year and 4.6 per cent from January. Sports wagering revenue was up 24.8 per cent year-on-year but down 30.5 per cent month-on-month from $94.4m in January.
Encore Boston Harbor, Massachusetts’ largest casino, reported $59.3m in gross gaming revenue from table games and slots. MGM Springfield reported $20.9m and Plainridge Park Casino $13.2m. To date, the Commonwealth has collected approximately $2bn in taxes and assessments since the respective openings of each gaming facility.
The sports betting handle in February was $628.2m. Some $618.6m was bet online and $9.6m at casinos. DraftKings reported $317m and FanDuel $167m. The Commonwealth has collected $254.4m in taxes and assessments since sports wagering began in person on January 31, 2023, and online on March 10, 2023.
EBH, MGM, and PPC are licensed as Category 1 Sports Wagering Operators, which allows them to operate a retail sportsbook at their properties. Category 1 operators are taxed on 15 per cent of wagering revenue. Bally Bet, BetMGM, Caesars Sportsbook, DraftKings, ESPNBet, Fanatics Betting & Gaming, and FanDuel are licensed as Category 3 Sports Wagering Operators, which allows them to operate a mobile or online sportsbook. They are taxed at 20 per cent. Betr and WynnBet ceased operations in 2024.
