Change Language
wds-media
  • Home
  • Betting
DraftKings Maintains Massachusetts Online Sports Betting Dominance

DraftKings Maintains Massachusetts Online Sports Betting Dominance

  • Massachusetts reported $454.9 million in sports bets for the month of May
  • The state collected $12.1 million in sports betting tax revenue
  • DraftKings remained the top operator, reporting $221.1 million in online sports betting handle 

DraftKings reported another strong month of online and retail sports betting in the commonwealth, but overall Massachusetts sports betting experienced its slowest month yet.

The Massachusetts Gaming Commission (MGC) reported a total sports betting handle of $454.9 million in May, a decrease of nearly $105 million in total handle from the previous month. Online sports betting accounted for $443.5 million of the total monthly handle.

The commonwealth collected $12.1 million in total sports betting tax revenue for the month and has collected nearly $33.6 million in tax revenue since the state’s sports betting launch in January 2023.

DraftKings Remains Atop the Mountain

Hometown DraftKings has dominated Massachusetts online sports betting through its first three months of operation. DraftKings reported $221.1 million in total handle for May, with FanDuel as the next closest operator with $135.3 million.

DraftKings has totaled more handle and more taxable revenue than every other sportsbook operator since the March online sports betting launch.

Fanatics Sportsbook, in its first abbreviated month of operation, reported $123,108 in total online sports betting handle. The sportsbook was only in operation for about a week in May, as it launched on May 25.

Here are the total online sports betting handle figures for May:

Total taxable revenue came in as follows:

On the retail sportsbook side, Encore Boston Harbor topped all three casinos with $16.7 million in handle and $1.4 million in total taxable revenue. Here are the full retail sports betting details for the month:

  • Encore Boston Harbor (WynnBET): $6,707,907
  • Plainridge Park Casino (Barstool Sportsbook): $2,760,995
  • MGM Springfield (BetMGM): $1,936,799

You can find the total taxable revenue for retail sportsbooks here:

Change in Massachusetts Gaming Commission Leadership

In other Massachusetts sports betting news, it was announced today that MGC Executive Director Karen Wells would step down from her position on July 14, 2023. Wells has been with the MGC for the last 10 years.

MGC Chair Cathy Judd-Stein thanked Wells for her contributions to the state over the last 10 years.

“Karen is the model of a leader, and her influence can be seen in everything the MGC does. The MGC’s effectiveness as a regulator is a direct reflection of Karen’s efforts and her ability to build, motivate and direct the MGC team. Her strategic abilities and steady presence enabled the MGC to stand up a sports wagering industry committed to consumer protections in a timely fashion. We wish her the very best in the future,” Judd-Stein said in a statement from the MGC.

The post DraftKings Maintains Massachusetts Online Sports Betting Dominance appeared first on Sports Betting Dime.

5 of the best graduation watches that’ll have you doffing your cap

5 of the best graduation watches that’ll have you doffing your cap

Read More