Massachusetts sports betting revenue reaches $65.9M in April, up 34% year-on-year

Massachusetts reported a 34.2% year-on-year increase in taxable sports betting revenue in April, reaching $65.9 million, according to data released by the Massachusetts Gaming Commission. The figure also marked a 25.8% rise from March, despite a month-on-month decline in total betting handle.

Total sports betting handle amounted to $690.3 million in April, up 14.4% compared with the same month last year but down 4.5% from March. Online wagering continued to dominate the market, generating $65.5 million in revenue from a $680.5 million handle. Retail betting contributed $486,828 in revenue from $9.7 million in wagers.

The statewide hold — the percentage of total wagers retained as revenue — stood at 9.55%.

Among online operators, DraftKings maintained its dominant position with $37.8 million in revenue from $343 million in bets, translating to an 11.02% hold. FanDuel followed with $17.9 million in revenue off a $185.9 million handle, yielding a 9.63% hold. BetMGM ranked third with $3.9 million in revenue from $55.1 million in bets (7.08% hold).

Other notable operators included Fanatics, with $3.1 million in revenue from a $49.3 million handle (6.3% hold), and ESPN Bet, which generated $1.8 million in revenue on a $21.7 million handle, for a 4.61% hold.

Retail performance was led by Encore Boston Harbor, which posted $372,527 in revenue from $5 million in bets (7.52% hold). Plainridge Casino Park earned $114,301 from $3.1 million (3.65% hold). MGM Springfield reported no revenue from $1.6 million in wagers.

In the broader casino market, Massachusetts’ land-based gaming venues reported $102.1 million in revenue for April, up 4.7% year-on-year but 2.9% lower than March. Slot machines accounted for $71.1 million, while table games contributed $31 million.

Encore Boston Harbor again led the sector, recording $63.5 million in revenue. MGM Springfield followed with $23.5 million, and Plainridge Park Casino reported $15.1 million.

Massachusetts collected $42.3 million in total tax revenue from legal commercial gambling activities. This included $13.2 million from sports betting and $26.2 million from casino gaming.