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Reports

Massachusetts Gaming Commission Reviews the State’s Initial Year of Regulated Sports Betting

Monday 15 de April 2024 / 12:00

2 minutos de lectura

(Massachusetts).- The Massachusetts Gaming Commission (MGC) is providing a review of the state’s first full year as a regulated sports betting market. Former Massachusetts Gov. Charlie Baker signed House Bill 5164 into law, authorizing online and retail sports wagering across the Bay State. Massachusetts went live with retail sports betting in January 2023 with online wagering going live two months later.

Massachusetts Gaming Commission Reviews the State’s Initial Year of Regulated Sports Betting

Massachusetts went live with retail sports betting in January 2023 with online wagering going live two months later.

Since then, approximately 1.6 million sportsbook accounts have been active in Massachusetts as the state emerges as one of America’s fast-growing gaming markets.

Massachusetts generated $594.9 million in gross gaming revenue in its first full year as a regulated market with total tax revenue reaching $118.5 million.

The Bay State reported a total ticket write of $6.2 billion with $90,000 in fines levied.

Bettors in Massachusetts have access to six online sports betting operators and three retail sportsbooks. The state’s operators include BetMGM, FanDuel, Caesars, ESPN Bet, Fanatics Sportsbook, and Boston-based DraftKings. The Bay State was once home to online sportsbooks WynnBet and Betr but the operators exited the market in February.

WynnBet cited outsized marketing spend as its reason to shutter online offerings.The MGC reported more than $48.3 million in total spend by state operators. WynnBet is continuing to maintain its retail presence at Encore Boston Harbor.

Massachusetts is also showcasing strong RG efforts. The state saw 38,629 sportsbook accounts utilize play management limits with 57 voluntary sports wagering exclusions.  

Super Bowl attracts Massachusetts sports bettors

Super Bowl LVIII proved to be a popular event for sports fans across Massachusetts. The Big Game, which saw the Kansas City Chiefs beat the San Francisco 49ers, generated $9 million in gross gaming revenue in Massachusetts behind 3.3 million bets placed.

The revenue from Super Bowl LVIII saw Massachusetts collect $1.3 million in taxes.

The American Gaming Association (AGA) estimated a record $23.1 billion wagered on Super Bowl LVIII, up from $16 billion for last year’s NFL season finale. The AGA projects approximately 67.8 million Americans place bets on the game, up 35% year-over-year.

Categoría:Reports

Tags: Sin tags

País: United States

Región: North America

Event

SIGMA EUROPA – Malta 2024

11 de November 2024

Emily Micallef, CEO of SiGMA group: “We are looking forward to exploring new markets next year”

(Malta, SoloAzar Exclusive). - After the closing of SiGMA Europe 2024, its CEO, Emily Micallef, not only shares her insights and reflections about the latest edition of the conference, but also tells us details about next SiGMA dates.

Tuesday 17 Dec 2024 / 12:00

SiGMA Europe 2024: Tsvetomira Drumeva reveals all the secrets of EGT Digital's award-winning participation in the event

(Malta, SoloAzar Exclusive).- EGT DIgital Head of Sales, Tsvetomira Drumeva, tells us all about the company's participation in SiGMA Europe 2024, where it presented its jackpot collection and over 120 slot games.

Monday 16 Dec 2024 / 12:00

"SiGMA Europe serves as a bridge between industry professionals and creative minds" Mikhail Voinich of Belatra Games

(Malta, Exclusive SoloAzar) - Belatra Games exhibited its products during SiGMA Europe 2024. That is why we asked Head of Business Development Mikhail Voinich to share an analysis of the company's presentation at the show.

Wednesday 11 Dec 2024 / 12:00

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