Massachusetts Reports Strong First Online Sports Betting Month

• The first fiscal figures for Massachusetts online sports betting have been released
• Massachusetts reported $548.1 million in online sports betting handle for March
• The Commonwealth reported more than $9 million in sports betting taxes

Massachusetts online sports betting apps reported a promising opening month of operation.

The Massachusetts Gaming Commission reported $548,102,467 in handle for online sports betting and collected $9.1 million in taxes in March.

Strong First Month for Massachusetts Online Sports Betting

The state’s six online sports betting operators generated more than $548.1 million in handle and $45.6 million in taxable revenue for March. Online sports betting launched in the Commonwealth on March 10.

In total, Massachusetts reported $568.09 million in total handle for sports handle, $47.06 million in taxable gaming revenue, and generated $9.3 million in sports betting tax revenue. The state taxes online sports betting at a 20% rate and retail sports betting at a rate of 15%.

As expected, online sports betting dominated the month. The state’s six online sports betting operators accounted for 96.5% of the total sports betting handle, 96.9% of the total taxable revenue, and 97.6% of the total taxes collected.

Hometown operator DraftKings reported the top handle figures, as the company totaled $257.6 million in handle for March. Here are the total handle figures for all six operators in the state.

• DraftKings Massachusetts: $257,634,288
• FanDuel Massachusetts: $181,085,195
• BetMGM Massachusetts: $45,271,182
• Barstool Sportsbook Massachusetts: $29,505,722
• WynnBET Massachusetts: $18,207,674
• Caesars Sportsbook Massachusetts: $16,398,404

FanDuel, however, generated the most taxes for the commonwealth, chipping in $3.2 million of the $9.1 million total for the month. Here are the total tax revenue figures for all six operators in the state.

• FanDuel: $3,200,599
• DraftKings: $3,111,365
• BetMGM: $1,462,892
• Barstool Sportsbook: $578,715
• WynnBET: $404,719
• Caesars Sportsbook: $362,828

Massachusetts Sports Betting Totals

Sports betting launched in Massachusetts with retail sports betting on Jan. 31, 2023. To date, the Commonwealth has collected approximately $9.65 million in total taxes and assessment from licensed operators. To date, 94.7% of the total sports betting tax revenues collected were from March online sports betting.

Of the total taxes amount for operators, 45% is allotted to the general fund, 17.5% to the workforce investment trust fund, 27.5% to the gaming local aid fund, 9% to the public health trust fund, and 1% to the youth development and achievement fund.

To date, the Commonwealth has collected approximately $1.374 billion in total taxes and assessments from the casino operations of Plainridge Park Casino, MGM and Encore since the openings of each gaming facility, according to the commission.