Massachusetts casino revenue dips 4.2% to $90.4m in September
Sports betting handle, however, reached $512.2m as popularity of online wagering grows.
Massachusetts has released its September gaming revenue, which reached $140.2m. As sports betting launched in 2023, a year-on-year comparison would only include the revenue from the state’s three casinos, which represents a decline of 4.2% to $90.4m.
The casino that performed the best this month was Encore Boston Harbor, generating $59.8m, though this represents a decline from $61.6m in September 2022. MGM Springfield’s total revenue also declined year-on-year to $17.4m, but Plainridge Park Casino’s rose slightly to $13.1m.
Slot revenue made up $62.9m of the total $90.4m, while table game revenue accounted for $27.5m. Plainridge Park does not offer any table games, but the table game revenue at both Encore Boston Harbor and MGM Springfield declined by 7.9% and a significant 74.3% (although this concerned a relatively small total figure), respectively.
In August 2023, sports betting in the Commonwealth brought in $22.7m, with online wagering making up $22.5m of that total. In September, this number jumped considerably to $49.8m, with online wagering accounting for nearly all of that revenue at $49m.
The total current and future wagers settled (handle) for the state reached $512.2m total, with $499.7m attributed to online licensees. In August, total handle reached $314.9m, showing the impact of the new NFL season that kicked off in September.
The retail sportsbook that brought in the most revenue was MGM Springfield, with $285,366.29, though Plainridge Park was close behind with $270,924.10 and Encore Boston Harbor made $226,727.00 from retail sports betting. The online sports betting operators that brought in the most revenue in September were DraftKings with $27.5m, FanDuel with $13.9m and BetMGM with $3.6m.
Caesars Sportsbook, Barstool Sportsbook, Betr, Fanatics and WynnBet also operate within Massachusetts. The lowest revenue generated came from Betr with $28,021.67.
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