Massachusetts Sports Betting Revenue Record Broken in January
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- Category: Gambling Industry
- Created: Saturday, 17 February 2024 17:37
Massachusetts sports betting revenue increased 17 percent in January compared to the previous month. Also, it broke the record set in May 2023. However, the betting handle dropped 1.1 percent from December’s $658.7 million. Sports betting operators paid $5.8 million in taxes, down from 9.4 percent in December.
Since the launch of sports betting on the final day of January 2023, Massachusetts has seen quite encouraging development. According to bookie pay per head reports, bets placed online accounted for 99.4 percent of January's handle, demonstrating the continued high performance of online.
For January, Massachusetts's casinos brought in $93.5 million in GGR, down 10.1% from December's total of $103 million. The leader, Encore Boston Harbor, has amassed $60.9 million in gross gaming revenue (GGR) from tables and slots.
Even though DraftKings' $315.9 million handle was $4.5 million lower than the $311.4 million it earned in December. According to pay per head sources, it is still clearly Massachusetts's leading sports betting market.
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