Online sports wagering handle in Massachusetts amounted to $566.2m in April, the first full month of the state’s newly regulated market.
Massachusetts launched legal online sports betting on March 10, with six licensed operators currently active in the state: Barstool Sportsbook, BetMGM, Caesars Sportsbook, DraftKings, FanDuel and WynnBet.
The $566.2m wagered by consumers in April continued a strong start to legal online betting in Massachusetts, following the $548.1m spent in the opening three weeks of regulation.
According to the Massachusetts Gaming Commission (MGC), revenue from online betting reached $59.9m for the month, up from $46.7m during the three-week period in March.
Breaking down performance by individual operator, DraftKings was the runaway leader with $29.0m in revenue from $283.8m in total bets for the month.
FanDuel ranked second with revenue of $22.1m and a $172.6m handle, then BetMGM with $4.7m from $43.0m in wagers.
Barstool posted $2.0m in revenue from $24.6m in bets, while Caesars reported revenue of $1.7m and a $19.4m handle. WynnBet rounded up the market with $463,006 in revenue off $22.8m in wagers.
The state was able to generate $11.7m in tax from online betting during the month.
Retail
Turning to the retail market, which launched several weeks earlier on January 31, handle in April reached $13.0m, down 35.0% from $20.0m in March. Revenue for the land-based sector also declined 73.5% month-on-month to $396,986.
Plainridge Park Casino had the highest revenue total – $374,587 – from $3.4m, but Encore Boston Harbor had a higher handle of $8.0m, but less revenue at $250,766. The state’s only other retail operator, MGM Springfield, posted a loss of $228,367 from $1.7m in bets.
Combined handle for online and retail betting in April stood at $579.3m, while revenue was $60.3m.