Massachusetts gaming revenue drops in March
Massachusetts casino and sports betting revenue reached $157.2m.
US.- The Massachusetts Gaming Commission has reported that the state generated $157.2m in taxable gaming revenue for March, a slight decline from the $158.9m posted in February and also down marginally year-on-year. Casino wagering generated $105.1m and sports betting $52.1m.
Encore Boston Harbor, Massachusetts’ largest casino, reported $63m in gross gaming revenue from table games and slots. MGM Springfield reported $25.5m and Plainridge Park Casino $16.5m.
The sports betting handle reached a record $772.4m. Some $761.8m was bet online and $10.6m at casinos. DraftKings reported $375.1m and FanDuel $208.4m.
To date, the Commonwealth has collected about $2.05bn in taxes and assessments since the respective openings of each casino and $254.4m from sports betting since the market launched 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.
