Home NewsCasino Massachusetts records $658.7M in sports wagering handle for December

Massachusetts records $658.7M in sports wagering handle for December

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Massachusetts reported a record sports betting handle for the second consecutive month in December, with players wagering a total of $658.7m (PS519.3m/EUR605.6m).

In December, Massachusetts’ combined sports betting revenue and casino revenues totaled $163.6m. This is a 14.4% increase from November.

In sports betting, December’s handle was just $654.4m shy of the previous record set in November. In March 2023, the Bay State will launch legal gambling.

In December, players bet online for $643.2m and at sportsbooks retail they spent $15.5m.

Massachusetts Revenue just falls short of record

In December, the taxable sports wagering revenue reached $60.6m. It was up 23.9% from the $48.9m of November, and only 0.7% below May’s monthly record $61.0m.

In December 2018, online betting generated $59.3 million in revenue, while retail betting contributed $1.3 million.

DraftKings is the leader of online gaming market

DraftKings is still the leader in online betting when you look at the individual operators. DraftKings reported $29.9m of revenue in December from online wagers totaling $316.9m.

FanDuel, owned by Flutter Entertainment, was ranked second in Massachusetts. Operator reported revenue of $19.3m on a handle of $187.4m.

BetMGM, which ranked third with revenues of $3.1 million from online bets totaling $39.2 millions, was a distant second.

Plainridge Park Casino topped the list of land-based casinos with $534.411 from $7.2m in handle. Encore Boston Harbor was next with $499.411 from $6.4m and MGM Springfield had $259.588 off $1.9m.

Massachusetts Casino Revenue Increases to $103m

In the land-based casino sector, revenues reached $103 million. It was a 9.6% increase over the $94.0m of November. This included $68.7m for slots and $34.3m for table games.

The top casino in the world is Encore Boston Harbor, with a total revenue of $65.8 million. The revenue was made up of $36.2m from slots and $29.7m table games.

MGM Springfield came in second place with $23.6m. Of this, $19.0m came from slots and $4.6m comes from table games. Plainridge Park Casino was third with $13.6m. All of this revenue came from slots.

Massachusetts collected $12.0m from sports betting taxes and another $29.0m through casino taxes. The total tax collected for this month was $41.1m.

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