{"id":842600,"date":"2025-04-21T21:12:16","date_gmt":"2025-04-22T02:12:16","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/21\/massachusetts-smashes-sports-betting-revenue-record-in-january\/"},"modified":"2025-04-21T21:12:16","modified_gmt":"2025-04-22T02:12:16","slug":"massachusetts-smashes-sports-betting-revenue-record-in-january","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/21\/massachusetts-smashes-sports-betting-revenue-record-in-january\/","title":{"rendered":"Massachusetts smashes sports betting revenue record in January"},"content":{"rendered":"

Sports betting revenue in Massachusetts reached a record $94.4 million (\u00a374.6 million\/\u20ac90.2 million) in January, while monthly handle hit its third-highest monthly total since the state opened its legal market.<\/strong><\/p>\n

\n

Gross gaming revenue for the month was 32.8% higher than the $71.1 million reported in January last year<\/a>. It also far exceeds the existing Massachusetts monthly record \u2013 $75.4 million in September 2024<\/a> \u2013 by 25.2%.<\/p>\n

Data published yesterday (20 February)<\/a> by the Massachusetts Gaming Commission reveals online sports betting revenue totalled $93.6 million in January. Retail betting also generated $778,953 in monthly revenue.<\/p>\n

Incidentally, this bucks the trend of sports betting struggles seen in the industry during January. Pennsylvania, which also posted monthly revenue figures yesterday, reported a 26.4% year-on-year drop in betting revenue.<\/p>\n

As for handle, player spending totalled $762.5 million, which beats last year by 17.0%. It is also only 3.3% behind December\u2019s record $788.3 million spend<\/a>.<\/p>\n

Online betting totalled $751.4 million, with retail reaching $11.1 million. In terms of hold, the monthly figure for Massachusetts was 9.32%.<\/p>\n

DraftKings pulls further ahead in January<\/h2>\n

Breaking down the online market, DraftKings extended its lead during the month, taking $51.8 million in revenue off a $377.1 million handle left a 13.74% hold.<\/p>\n

FanDuel remains the closest challenger, although it fell further behind DraftKings in January. The Flutter Entertainment-owned brand posted $28.8 million in revenue off $217.3 million in bets, resulting in a 13.25% hold.<\/p>\n

BetMGM took third with $5.5 million from $63.2 million for an 8.7% hold.<\/p>\n

Other players in Massachusetts include Fanatics, which took $3.5 million from $37.8 million for a hold of 9.26%. ESPN Bet was next with $2.3 million off $28.4 million, leaving 8.10%.<\/p>\n

Caesars followed on $1.2 million from $23.0 million for a 5.22% hold. Bally Bet rounded off the market with $493,996 off $4.7 million, resulting in a hold of 10.42%.<\/p>\n

As for retail sports betting, Plainridge Park Casino took top spot with $413,922 off a handle of $3.7 million, leaving a 11.1% hold. Encore Boston Harbor posted $365,031 in revenue from $6.2 million for a 5.85% hold.<\/p>\n

MGM Springfield took $1.1 million in bets but failed to report any revenue in January.<\/p>\n

Casino revenue up 4.7%<\/h2>\n

The Commission also revealed details of the state\u2019s land-based casino market. In January, taxable gaming revenue in this area topped $97.9 million, up 4.7% from last year but 4.2% behind December.<\/p>\n

Slots revenue for the month reached $66.2 million, while table games revenue amounted to $31.7 million.<\/p>\n

Encore Boston Harbor again ranked as the most successful casino, reporting $61.4 million in total revenue. MGM Springfield came in second with $22.8 million, followed by Plainridge Park Casino on $13.8 million.<\/p>\n

As for tax, the monthly total for the entire market was $46.6 million. Of this, $27.8 million came from casino gaming, while sports betting contributed $18.8 million.<\/p>\n<\/p><\/div>\n

Robert Fletcher
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sports betting revenue in Massachusetts reached a record $94.4 million (\u00a374.6 million\/\u20ac90.2 million) in January, while monthly handle hit its third-highest monthly total since the state opened its legal market. Gross gaming revenue for the month was 32.8% higher than the $71.1 million reported in January last year. It also far exceeds the existing Massachusetts<\/p>\n","protected":false},"author":1,"featured_media":842601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24229,22423],"tags":[9151,14493],"class_list":{"0":"post-842600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-massachusetts","8":"category-smashes","9":"tag-massachusetts","10":"tag-smashes"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=842600"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/842601"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=842600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=842600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=842600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}