{"id":307007,"date":"2024-01-18T10:50:11","date_gmt":"2024-01-18T16:50:11","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=307007"},"modified":"2024-01-18T11:31:59","modified_gmt":"2024-01-18T17:31:59","slug":"massachusetts-sportsbooks-post-record-numbers-in-december","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/massachusetts-sportsbooks-post-record-numbers-in-december\/","title":{"rendered":"Massachusetts Sportsbooks Post Record Numbers in December"},"content":{"rendered":"

The chill of winter hasn’t dampened the hot Massachusetts sports betting market. Although it is a very short history, Massachusetts sportsbooks recorded their highest handle ever in December.<\/p>\n

\"The
The sportsbook at Encore Boston Harbor helped drive record sports betting handle last month in Massachusetts. (Image: CBS Boston<\/em>)<\/figcaption><\/figure>\n

The December revenue report from the Massachusetts Gaming Commission (MGC) shows Bay State sports bettors wagered $658.6 million with online and retail operators. That’s a record number since online sports betting launched in the Bay State in March 2023, and brick-and-mortar sportsbooks began operations in January.<\/p>\n

\n

Not even the disappointing 4-13 Patriots record could slow the momentum. Operators generated $60.5 million in taxable sports wagering revenue out of the December handle. The state received $12 million in sports betting tax payments.<\/p>\n<\/div>\n

Since the launch of legal sports wagering, Massachusetts online and retail sportsbooks handled just under $4.9 billion in bets. Taxable sports betting revenue totaled $471.1 million, and operators paid about $93.8 million to the state.<\/p>\n

Casinos Second-Highest Revenue Total<\/h2>\n

Massachusetts casinos closed out 2023 with a strong showing. The state\u2019s three brick-and-mortar casinos combined for $103 million in wins from bettors. That is the second-highest monthly revenue total of 2023.<\/p>\n

\n

The three locations, including Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino, generated more than $29 million in tax revenue for the Commonwealth in December. It is believed online casinos could generate much more tax revenue, but online casinos aren’t legal in Massachusetts.<\/p>\n<\/div>\n

The momentum of casinos and sportsbooks has attracted attention from legislators on Beacon Hill and from the governor.<\/p>\n

Gaming Revenue Helps Fill Budget Gap<\/h2>\n

The expansion of gambling in Massachusetts has opened up a new revenue stream for Governor Maura Healey (D). Healey, a one-time opponent of casinos, is now planning to close a $1 billion budget shortfall with gaming revenues.<\/p>\n

Since casino-style gaming began in Massachusetts in 2015, the state has brought in $1.623 billion in taxes and assessments from casino operations.<\/strong><\/p>\n

In FY 2023, total gaming revenues were about $330.7 million. That\u2019s up from about $310 million in FY 2002 and $233.1 million in FY 2021, according to the state. Add that to the $93.8 million in the year since legal sports betting began, and the outlook appears bright.<\/p>\n

The Healey administration says it expected net profit from the lottery of around $1.2 billion, and has since added another $75 million to the expectation.<\/p>\n","protected":false},"excerpt":{"rendered":"

The chill of winter hasn’t dampened the hot Massachusetts sports betting market. Although it is a very short history, Massachusetts sportsbooks recorded their highest handle ever in December. The December revenue report from the Massachusetts Gaming Commission (MGC) shows Bay State sports bettors wagered $658.6 million with online and retail operators. That’s a record number […]<\/p>\n","protected":false},"author":98,"featured_media":307098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,86435,1074],"tags":[89517,27,81920,80968],"acf":[],"yoast_head":"\nMassachusetts Sportsbooks Post Record Numbers in December - Casino.org<\/title>\n<meta name=\"description\" content=\"The chill of winter hasn't dampened the hot Massachusetts sports betting market. 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