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Massachusetts sports betting revenue reaches $2.0m in opening month


Sports betting revenue in Massachusetts amounted to $2.0m during the first full month of regulation in February.

The US state opened its legal sports betting market on January 31 with an initial three land-based operators going live: Encore Boston Harbor, MGM Springfield and Plainridge Park Casino.

Plainridge Park proved the most successful of the three operators with $890,555 in revenue for the opening month, just ahead or Encore Boston Harbor on $857,602. MGM Springfield generated $262,066 in sports betting revenue.

In terms of player spending, consumers in the state wagered $25.7m at retail sportsbooks during the inaugural month of regulation.

The majority of this was bet at Encore Boston Harbor, with the casino’s handle amounting to $16.9m. Some $7.1m was spent at Plainridge Park, while the remaining $1.8m was wagered at MGM Springfield.

The Massachusetts Gaming Commission (MGC) also noted that the state was able to collect $301,534 in tax from the first month of betting.

Online launch

Earlier this month, Massachusetts also launched legal online sports betting, with the market having officially opened on March 10.

DraftKings, FanDuel, WynnBet, Caesars, Barstool and BetMGM have gone live in the state, with Betr, Bally Bet, Fanatics and Betway expected to launch in the coming months.

The MGC will publish the first set of online sports betting figures next month.

Casino revenue

Meanwhile, the MGC also posted details of the established land-based casino for February, with revenue at $98.0m from the three casino operators.

Encore Boston Harbor led the way with $62.7m in revenue, ahead of MGM Springfield on $23.3m, then Plainridge Park with $12.0m

The state collected $27.4m in tax from casino operations for the month.