Since the legalization of sports betting in 2023, Massachusetts has seen significant wagering activity, specifically in September 2024.
According to the Gaming Commission, sportsbooks and mobile betting applications generated approximately $73.5 million in taxable revenue in September, surpassing the previously reported highest number of $71.13 million from January 2024.
Bettors also set a new record in September. They placed almost $678.75 million in wagers on various sporting events. About 97% of the wagers were placed through one of the seven mobile or online betting platforms available in the state. DraftKings had more than half of the total bets. Moreover, 98% of the revenue from sports wagering came from online operators.
Online wagers are taxed at 20%, while bets placed at physical sportsbooks located at Plainridge Park Casino in Plainville, MGM Springfield, and Encore Boston Harbor in Everett are taxed at a lower rate of 15%.
Casinos in Massachusetts
Massachusetts’ three traditional gambling venues brought in just over $92 million in gross gaming revenue during September. This is about $26.24 million in state taxes. Altogether, commission licensees generated more than $165.55 million in revenue in September, with around $40.87 million allocated to the state.
Since the legalization of gambling in Massachusetts in 2015, the state has collected a total of $1.878 billion in taxes and fees from casino-style gaming. Additionally, since sports wagering became legal in 2023, the state has received $187.88 million in taxes and assessments from these operations.