Massachusetts Sets Monthly Sports Betting Revenue Record

• The Massachusetts Gaming Commission reported more than $16 million in sports betting tax revenue in November
• The total is a new monthly record for the commonwealth
• Massachusetts set its previous record in September

Sure, the Patriots stink, but that’s not stopping Massachusetts sports bettors from flocking to their sportsbook apps every Sunday.

The Massachusetts Gaming Commission reported more than $16 million in sports betting tax revenue in November, a new monthly record for the commonwealth, breaking the previous record set in September by nearly $1.5 million.

To date, the Massachusetts has collected approximately $213.59 million in total sports betting tax revenues since sports wagering began in person on Jan. 31, 2023, and online on March 10, 2023.

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New State Revenue, Handle Records Set

Massachusetts bettors wagered $777,814,799 in November, also a new monthly record. The previous total sports betting handle record was set in October when patrons wagered $748,070,048 in person and online.

In total, Massachusetts sports betting operators reported $80,468,944 in total taxable gaming revenue, good for a 10.62% revenue hold for November. Online sports betting accounted for the vast majority of both the monthly handle and tax revenues collected, at $764,051,514 and $15,917,344, respectively.

Retail sports betting handle came in at $13,763,284 for the month, with taxable gaming revenues at just $882,223. This resulted in just $132,333 in retail sports betting tax revenues collected for the month.

DraftKings Dominates Commonwealth Yet Again

DraftKings remained as the top operator in Massachusetts for the month, reporting a whopping $384,184,323 in online sports betting handle and $8,837,820 in online sports betting tax revenues. It reported a hold rate of 11.75%, also tops in the state.

FanDuel had a solid month as well, totaling $225.6 million in online sports betting handle, coupled with nearly $5 million in tax revenues.

ESPN BET reported a little more than $29.2 million in handle and $454,000 in tax revenue for the month.

Here are the online sports betting totals for the month of November:

• Bally Bet: $5,688,120 in online sports betting handle, $541,352.83in taxable gaming revenue
• BetMGM: $58,544,812 in online sports betting handle, $5,007,584 in taxable gaming revenue
• Caesars Sportsbook: $23,345,154 in online sports betting handle, $1,371,500 in taxable gaming revenue
• DraftKings: $384,184,323 in online sports betting handle, $44,189,102 in taxable gaming revenue
• ESPN BET: $29,222,137 in online sports betting handle, $2,272,850 in taxable gaming revenue
• Fanatics Betting and Gaming: $37,386,636 in online sports betting handle, $1,699,120 in taxable gaming revenue
• FanDuel: $225,680,330 in online sports betting handle, $24,505,209 in taxable gaming revenue