DraftKings set new monthly records for sports betting handle and revenue in Massachusetts during October, while the Bay State’s overall market also grew month-on-month.

Players in Massachusetts spent a total of $571.8m (£461.5m/€527.6m) betting on sports in October, up 11.6% from $512.2m in September. It is also the second-highest monthly total since the state launched legal betting in March, just short of the $579.3m bet in April.

Online sports betting spend in October reached $555.7m, with retail wagers at $16.0m.

Massachusetts just misses out on revenue record

Turning to taxable sports betting revenue, this also increased month-on-month following the rise in handle.

Total market revenue amounted to $59.2m, up 18.9% from $49.8m in September. This was also just 3.0% shy of the $61.0m record set in May.

Online betting generated $58.2m in total revenue, with retail’s contribution in October at $979,329.

DraftKings revenue exceeds $300m in October

Breaking down the market by operator, DraftKings remains the clear leader in the online segment. DraftKings’ revenue was $33.5m from $304.8m in wagers, both of which are monthly records in Massachusetts for a single operator.

Flutter Entertainment-owned FanDuel remained second with revenue of $15.5m and a $155.6m handle. BetMGM followed in third with $4.3m from $35.0m in total wagers.

Looking to the retail market, Encore Boston Harbor led the way with revenue of $461,247 from an $8.3m handle. Incidentally, Encore Boston Harbor in September ranked third out of the three casinos that offer land-based betting.

Plainridge Park Casino again placed second with $354,607 in revenue from $5.8m in bets. MGM Springfield, which led the market in September, slipped to third in October with revenue of $163,475 off a $1.9m handle.

Massachusetts sees improvements in casino gaming

Away from sports betting and there was also growth in the Massachusetts land-based casino sector in October. Table and slots gross gaming revenue amounted to $96.7m, up 7.0% from $90.4m in September.

Retail slots revenue amounted to $64.2m, with table games revenue at $32.5m.

Looking at the Massachusetts gambling market as a whole, revenue in October hit $155.8m, an increase of 11.15 from September.

The state collected $11.8m in sports wagering tax, with $11.6m coming from online betting and $146,899 retail. A further $27.2m in tax came from land-based casino activity during the month.

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

Bookielink.com is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 50, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016.

Bookielink.com © 2023 All rights reserved.