Massachusetts Sports Betting Handle Increases 32.5% YoY in Sept.
The Bay State turned in $678.7 million in wagers and sportsbooks collected more than $73.4 million in revenue in September.
The Bay State turned in $678.7 million in wagers and sportsbooks collected more than $73.4 million in revenue in September.
Mia Doyle • News Editor Oct 16, 2024 • 12:54 ET • 4 min readDraftKings was founded in 2012 in Boston as a Daily Fantasy Sports (DFS) operator. Although the company has expanded to provide a range of gambling options, including sports betting, it has always stuck to its roots. DraftKings is still headquartered in Boston, and its online sportsbook is the most significant contributor to Massachusetts sports betting handle and revenues.
DraftKings posted a handle of more than $355.1 million, accounting for more than 53% of the state’s total sports betting handle. From that handle, the sportsbook collected over $38.7 million in revenues and paid more than $7.7 million in taxes. While DraftKings’ numbers grew considerably from September 2023, it was behind the state average. For example, its sports betting handle only increased by 22.4%.
The next most significant contributor to the handle was FanDuel Sportsbook, seeing more than $182.4 million. The Flutter-owned company got revenues of more than $22.05 million from this total, contributing over $4.4 million in taxes to Massachusetts.
| Operator | September Handle | Revenue |
|---|---|---|
| DraftKings | $335.1 million | $38.7 million |
| FanDuel | $182.4 million | $22.05 million |
| BetMGM | $45.5 million | $5.4 million |
| Fanatics | $37.9 million | $1.8 million |
| ESPN BET | $22.3 million | $2.1 million |
| Caesars | $19.5 million | $1.3 million |
| Bally Bet | $4.6 million | $464,980 |
BetMGM and Fanatics handled more than $45.5 million and $37.9 million, respectively. BetMGM was the only MA sportsbook, except DraftKings and FanDuel, to contribute more than $1 million in taxes from its revenue of $5.4 million. Meanwhile, Fanatics only contributed over $367,000 from more than $1.8 million in revenues.
ESPN BET and Caesars both had betting handles above $10 million, with wagers worth $22.3 million and $19.5 million, respectively. The lowest amount handled by an online sportsbook was the $4.6 million spent at Bally Bet.
Retail sportsbooks hit $10 million in betting handle
While contributing just over 1.5% to the state’s total sports betting handle, the September betting handle of $11.09 million was the highest since April and the first time the state’s retail sportsbooks have handled more than $10 million since May.
As Massachusetts lawmakers consider changing how the online sports betting market operates, retail sports betting will continue to be an essential driver of sports betting revenues. In September, lawmakers discussed introducing mandatory multi-factor authentication for online sports betting accounts and sports betting limiters.
Pages related to this topic
Best Sports Betting Sites CanadaBest Betting Sites USAlberta Sports BettingMichigan SportsbookStates With Legal Sports BettingOnline Sports Betting In MassachusettsMichigan Online CasinosBest Mobile Sports Betting AppBest Michigan Sportsbook PromotionsBest New Betting Sites States with legal sports betting Provinces with legal sports betting US sports betting revenue tracker Best sports bettors by state
FAQ
Apakah 1xbet punya aplikasi?
Legalitas 1xBet berbeda-beda di setiap negara, berdasarkan hukum setempat. Situs ini dilarang di beberapa negara seperti Inggris dan AS , tetapi beroperasi secara legal di banyak negara lain.
Bagaimana cara masuk ke akun 1xbet saya?
Jika Anda belum terdaftar di platform, klik tombol Registrasi berwarna hijau. Jika Anda sudah mendaftar di situs 1xBet melalui aplikasi, lalu ketuk tombol Log In berwarna biru. Masukkan informasi login Anda, seperti nama pengguna (ID atau alamat email) dan kata sandi, yang telah Anda buat selama proses registrasi.
How to create a 1xBet account in Nigeria?
1xBet is legal and fully licensed to accept bets in Kenya. This operator is licensed by the Betting Control and Licensing Board of the Republic of Kenya.1 Oct 2024
Is 1xBet working in Kenya?
1xBet, a top-tier online betting service, presents a unique welcome offer for newcomers. Register on their site with the 1xBet promo code 1GOALIN to get an impressive 120% bonus on your first deposit, up to a ₹66,000 maximum, compared to the ₹33,000 maximum without the code.4 days ago
How do I get a 1xBet code?
There are several ways to load 1xBet bet codes and coupons. Once you register on the site, the bet codes will appear in the email or in a profile (history). Clicking the menu icon, you will have to login into your account and scroll to see the available codes.
Как получить фриспины в 1xBet?
1xBet, a top-tier online betting service, presents a unique welcome offer for newcomers. Register on their site with the 1xBet promo code 1GOALIN to get an impressive 120% bonus on your first deposit, up to a ₹66,000 maximum, compared to the ₹33,000 maximum without the code.21 окт. 2024 г.
Apakah 1xbet punya aplikasi?
Legalitas 1xBet berbeda-beda di setiap negara, berdasarkan hukum setempat. Situs ini dilarang di beberapa negara seperti Inggris dan AS , tetapi beroperasi secara legal di banyak negara lain.
How to download 1xBet in the US?
F.A.Q. How much can you earn as a 1xBet agent? 1xBet has no earnings ceiling - it all depends on the activity and individual skills of the agents. A solid fund of tens of thousands of dollars a month is not uncommon for motivated agents.
How to get free promo code 1xBet?
1xBet, a top-tier online betting service, presents a unique welcome offer for newcomers. Register on their site with the 1xBet promo code 1GOALIN to get an impressive 120% bonus on your first deposit, up to a ₹66,000 maximum, compared to the ₹33,000 maximum without the code.6일 전
Download the latest version of 1xBet for Android. Official app of the 1xBet sports betting platform. 1xBet is the official app of the sports betting.
Trang web này chỉ thu thập các bài viết liên quan. Để xem bản gốc, vui lòng sao chép và mở liên kết sau:Massachusetts Sports Betting Handle Increases 32.5% YoY in Sept.
