{"id":19475,"date":"2025-06-24T09:49:31","date_gmt":"2025-06-24T06:49:31","guid":{"rendered":"http:\/\/staging.igamingamerika.com\/?p=19475"},"modified":"2025-06-24T09:49:31","modified_gmt":"2025-06-24T06:49:31","slug":"massachusetts-casino-and-sports-betting-revenue-soars-in-may","status":"publish","type":"post","link":"https:\/\/igamingamerika.com\/index.php\/2025\/06\/24\/massachusetts-casino-and-sports-betting-revenue-soars-in-may\/","title":{"rendered":"Massachusetts Casino and Sports Betting Revenue Soars in May"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In May, Massachusetts witnessed a notable uptick in sports betting earnings, with online platforms generating nearly $80 million in revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The state&#8217;s sports betting revenue soared by 41.6% compared to the same month last year, reaching $80.7 million\u2014its highest monthly total since January. This surge underscores a growing appetite for betting activities within Massachusetts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taxable revenue comfortably exceeded last year&#8217;s $57 million mark for May and also grew by 22.5% over April 2025. While this is only the second-highest monthly figure recorded, it still falls short of January&#8217;s record-breaking $94.4 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to data from the <a href=\"https:\/\/massgaming.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Massachusetts Gaming Commission (MGC)<\/a>, online sports betting dominated the scene, accounting for $79.9 million of the total. Retail sportsbooks, however, contributed just $829,605.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In terms of total betting handle, residents wagered $655.8 million across both online and land-based venues. This is an 11.7% increase from last year but a 5% decrease from April\u2019s $690.3 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Breaking down the handle, online bets totaled $645.7 million, with retail bets adding up to $10.1 million. The overall hold\u2014the percentage of total wagers retained as revenue\u2014stood at 8.69%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Leading the online market, DraftKings continued its stronghold, turning $41.6 million in revenue from $330.8 million wagered, resulting in a hold of 12.58%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FanDuel held its position as the second-largest operator, with $23.1 million earned from $171.9 million in bets, boasting a hold of 13.44%. Fanatics ranked third, generating $5.8 million from $46.3 million wagered, achieving a hold of 12.53%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other notable operators include BetMGM, which posted $4.9 million from $49.2 million (9.96%), ESPN Bet with $2.6 million from $21.9 million (11.87%), and Caesars, earning $1.7 million off a $20.7 million handle (8.21%). Bally Bet contributed $211,173 from $4.9 million, with a hold of 4.34%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the land-based sector, Encore Boston Harbor led the way, earning $545,918 from a $5 million handle, for a hold of 10.94%. Plainridge Park Casino followed with $283,687 from $3.6 million (7.83%). MGM Springfield, despite taking $1.5 million in bets, did not report revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read also: <a href=\"http:\/\/staging.igamingamerika.com\/brazilian-lawmaker-opposes-casino-legislation-citing-organized-crime-risks\/\" target=\"_blank\" rel=\"noreferrer noopener\">Brazilian Lawmaker Opposes Casino Legislation, Citing Organized Crime Risks<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Turning to the brick-and-mortar scene, the MGC reports that total casino revenue\u2014comprising slots and table games\u2014reached $105.4 million in May, a 7.9% rise from last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Encore Boston Harbor again topped the list with $63.3 million, followed by MGM at $25.4 million and Plainridge Park at $16.6 million, all primarily from slot machines.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The state collected a total of $46.4 million in taxes during May, with $16.1 million derived from sports betting and $30.3 million from casino gaming.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This latest data underscores Massachusetts&#8217; expanding gambling industry, with online sports betting continuing to be a significant driver of revenue growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In May, Massachusetts witnessed a notable uptick in sports betting earnings, with online platforms generating nearly $80 million in revenue. The state&#8217;s sports betting revenue soared by 41.6% compared to the same month last year, reaching $80.7 million\u2014its highest monthly total since January. This surge underscores a growing appetite for betting activities within Massachusetts. Taxable &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,22,2,157],"tags":[33,5],"class_list":["post-19475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-europe-gambling-news","category-news","category-sports-betting-america-news","category-united-states-of-america-gambling-news","tag-casino","tag-sports-betting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Massachusetts Casino and Sports Betting Revenue Soars in May<\/title>\n<meta name=\"description\" content=\"In May, Massachusetts witnessed a notable uptick in sports betting earnings, with online platforms generating nearly $80 million in revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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