Massachusetts confirms 29 potential applicants for sports betting licences
Applicants have registered interest in securing sports betting licences in Massachusetts.
US.- The Massachusetts Gaming Commission (MGC) has revealed that 29 potential applicants have registered an interest in securing sports betting licences in the state. The Massachusetts regulator released a survey on October 7, a required prerequisite of a sports wagering operator application in the state.
Applicants are required to submit a complete application by November 21. A non-refundable application fee of $200,000 is not due until full applications are submitted.
The MGC registered 29 operators as potential applicants for category 1, 2, and 3 sports wagering licences. There were three operators interested in category 1 licences, three interested in category 2, and 23 came for category 3.
The Massachusetts Gaming Commission (MGC) has approved the launch of in-person sports betting in late January, with online betting to follow in early March. The vote went 4-0 vote with one abstention.
The dates mean that in-person sports wagering would begin in Massachusetts ahead of the Super Bowl and mobile sports betting in time for the NCAA March Madness basketball tournament. However, the commission has reserved the right to push back the timeline.
Governor Charlie Baker signed House Bill 5164 into law in August.
Massachusetts gaming revenue reaches $94m in September
The Massachusetts Gaming Commission has reported that Plainridge Park Casino, MGM Springfield and Encore Boston Harbor generated $94m in gross gaming revenue (GGR) in September. That’s a 6.8 per cent increase in GGR year-on-year and a 2 per cent increase from August 2022’s total of $92m.
Encore reported GGR of $61.5m, MGM Springfield $20.5m and Plainridge Park $12.1m. Together, Massachusetts’ three casinos generated $26.5m in tax revenue in August. Encore Boston Harbor contributed $15.3m, MGM Springfield $5.1m and Plainridge $5.9m.
