Massachusetts sports betting handle reaches $603m; casinos post $97.5m in April revenue

May 16, 2024
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However, betting was down compared to totals from March.

The Massachusetts Gaming Commission has published the state’s casino and sports betting results for the month of April. Its casinos, Plainridge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Harbor (EBH) generated $97.5m in gross gaming revenue (GGR).

Last month did not surpass March’s revenue. All three casinos reported more than $111m in GGR for March.

During April, slots accounted for nearly $65.9m of the state’s total GGR, while table games brought in another $35.6m.

In a breakdown of April earnings by casino, MGM Springfield ended the month with $22.7m in revenue from table games and slots. Encore Boston Harbor maintained its position as the top earner by raking in $60.8m in revenue in April. Plainridge Park Casino brought in close to $13.8m in revenue from slots and table games.

All three Massachusetts casinos reported declines in revenue for the month when compared to totals earned in March. During April, all three casinos paid a total of nearly $27.7m to the state in taxes.

All three casinos hold Category 1 licenses, which allow them to operate retail sports betting locations in their casinos.

Sports betting last month also reflected a decline in betting activity, with nearly $50m less in wagers than what was placed during March.

The state’s sports betting handle reached $603m during April, generated a tax payment of nearly $10m.

Online and retail sports betting locations generated close to $49.2m in taxable gaming revenue last month.

Retail sports betting became legal in Massachusetts in January 2023. The state welcomed the online sports betting market in March 2023.

BetMGM, Caesars Sportsbook, DraftKings, ESPN Bet, Fanatics Betting & Gaming and FanDuel currently hold licenses in the state to function as Category 3 operators.

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