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MA online sports betting handle down 27% to $323.5m in June


Players in Massachusetts spent $323.5m betting on sports online in June, a 27.1% drop from the amount wagered in May.

June was the third full month of legal online betting in the state. The total bet was lower than $443.6m in May and $566.2m in April, the first month of regulation.

An additional $8.5m was spent by players betting at land-based locations across the state. Total handle for the month stood at $332.0m, down 27.0% month-on-month.

In terms of taxable revenue, online’s share amounted to $32.1m. This was 46.3% less than $59.4m in May, due to the handle decline.

Retail revenue hit $153,922.6, meaning total revenue in June was $32.2m, a monthly drop of 47.2%.

Total tax collected from sports betting amounted to $6.43m, some $6.41m of which came from online activity.

DraftKings leads the way

In terms of market positions, DraftKings ruled the roost in its home state, with $159.4m staked over the month, resulting in taxable revenue of $15.1m. This set it ahead of FanDuel, which reported stakes of $96.1m, and revenue of $11.0m.

BetMGM came a distant third with $25.0m handle and revenue of $3.5m. Betr, the latest entrant to the state’s sports betting market, propped up the rankings with $290,649.8 staked and revenue of $10,829.4.

Casino revenue surpasses $100m

Looking at land-based casinos, total revenue from this market reached $100.6m. This was 1.9% ahead of $98.7m in May.

Slots gross gaming revenue was $65.4m, while table revenue amounted to $35.2m.

Encore Boston Harbor was the leading location with $65.5m in revenue in June. The MGM Springfield posted $22.2m, while Plainridge Park Casino reported $12.9m.

Combined revenue from sports betting and casino gaming in June was $132.8, down 16.8% month-on-month. Total tax collected amounted to $34.7m.