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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.


Tags: Sin tags

País: United States

Región: North America



09 de April 2024

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00

Unveiling innovations: WA.Technology's highlights from GAT Expo 2024

(Cartagena de Indias, SoloAzar Exclusive).- In an exclusive interview with Patricio Molloy, Business Development Latam at WA.Technology, we delve into the latest offerings showcased by this leading gaming solutions supplier firm at the GAT Expo Cartagena 2024. From a comprehensive iGaming platform to cutting-edge AI integration, discover how this company is shaping the future of gaming experiences in Latin America and beyond.

Monday 06 May 2024 / 12:00


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