In March, Massachusetts sports betting revenue hits a six-month low.

In March, Massachusetts sports betting revenue hits a six-month low.

 Despite player spending hitting near-record levels in March, Massachusetts' sports betting income fell to its lowest level in six months.
 Sports betting in Massachusetts  In March, Massachusetts's taxable sports betting revenue was $52.1 million (£39.1 million/€45.7 million).  Although this was 12.8% more than the previous year, it was 20.6% less than the $65.6 million made in February of this year.

 Additionally, the monthly total is the lowest since October 2024, when $48.3 million was reported.

 The Massachusetts Gaming Commission released data this week indicating that $51.9 million was made via internet betting.  The remaining $265,536 was ascribed to wagering at state-wide retail sportsbooks.

 In March, participants wagered a total of $772.5 million on sports wagers.  This was 23% better than February and 20.3% better than the previous year.   Additionally, it was the third-highest monthly total since legal betting was introduced in Massachusetts in January 2023.  Last December, the state hit a record of $788.3 million.

 In March, consumers wagered $10.6 million in retail establishments and $761.8 million online.

 This came to 6.74% for the month in terms of hold.

 In Massachusetts, DraftKings remains the industry leader.
 From the perspective of operators, DraftKings appears to be unstoppable.  A hold of 7.57% was achieved by taking $28.4 million in online sales off of a $375.2 million handle.

 With $13.8 million in sales and a $208.4 million handle, FanDuel is still the closest rival.  A hold of 6.62% was the outcome of this.

 Additionally, BetMGM handled $72.1 million and generated $4.1 million in revenue, indicating a 5.69% hold.  Fanatics reported a 4.35% hold with $2.1 million in revenue off $48.3 million.

 Caesars came in second with $1.7 million out of $26.2 million, a 6.49% hold.  With $1.5 million off $26.5 million for a 5.66% hold, ESPN Bet was just behind.  Bally Bet had a 3.49% hold on the internet market after rounding off with $179,586 from $5.1 million.

 With a $5.6 million handle, or a 3.49% hold, Encore Boston Harbour generated the most income of $197,219 in retail betting.  Despite taking $1.6 million in bets, MGM Springfield did not report any revenue, while Plainridge Park Casino received $68,317 off $3.3 million for a 2.05% hold.

 Revenue from casinos declines annually.
 The study contains information on gambling at land-based casinos in addition to sports betting.  The three casinos' combined income for March was $105.1 million, a 5.4% decrease from the previous year.

 Table games brought in $28.5 million, while slots brought in $76.6 million.

 With $53 million in total casino gaming revenue, Encore Boston Harbour was the top earner.  Plainridge Park Casino came in second with $16.5 million, followed by MGM Springfield with $25.5 million.

 In March, Massachusetts collected more than $40.7 million in gambling taxes.  Sports betting accounted for $10.1 million of this, while land-based casino gaming brought in $30.2 million.