Massachusetts has reported a record sports betting handle for the second month in a row in December, with players wagering a total of $658.7m (£519.3m/€605.6m). The combined sports betting and casino revenue in Massachusetts amounted to $163.6m in December, a 14.4% increase from November.

The December handle for sports betting narrowly surpassed the existing record set in November, with players spending $643.2m betting online and $15.5m at retail sportsbooks. Taxable revenue from sports betting reached $60.6m in December, a 23.9% increase from November and just 0.7% behind the monthly record set in May.

DraftKings was the clear leader in the online betting market, posting $29.9m in revenue from $316.9m in online bets in December. FanDuel, owned by Flutter Entertainment, followed behind with $19.3m in revenue off a $187.4m handle. BetMGM placed third with revenue of $3.1m from $39.2m in total online wagers.

In the land-based sector, Plainridge Park Casino led with $534,411 in revenue from a $7.2m handle, followed by Encore Bostin Harbor with $499,411 off $6.4m, and MGM Springfield with $259,588 from $1.9m.

In the casino market, revenue from land-based venues amounted to $103.0m, a 9.6% increase from November. Encore Bostin Harbor claimed the top spot with $65.8m in total casino revenue, followed by MGM Springfield with $23.6m, and Plainridge Park Casino with $13.6m.

Massachusetts collected $12.0m in sports betting tax and a further $29.0m in casino tax, bringing the total tax for the month to $41.1m. Overall, the sports betting and casino revenue in Massachusetts continues to see strong growth and set records in December.

By admin