{"id":308667,"date":"2024-01-30T14:12:51","date_gmt":"2024-01-30T20:12:51","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=308667"},"modified":"2024-02-03T12:46:28","modified_gmt":"2024-02-03T18:46:28","slug":"wynnbet-planning-to-leave-massachusetts-osb-market","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/","title":{"rendered":"WynnBET Leaving Massachusetts, Death Possible for Sports Bet App"},"content":{"rendered":"

Wynn Resorts\u2019 (NASDAQ: WYNN) WynnBET is slated to exit Massachusetts, the latest sign the sports wagering mobile application could be dying a slow death.<\/p>\n

\"WynnBet\"
Encore Boston Harbor and the WynnBet logo. The operator is leaving the Massachusetts online sports betting market. (Image: Casino.org<\/em>)<\/figcaption><\/figure>\n

An agenda for Thursday\u2019s Massachusetts Gaming Commission (MGC) meeting indicates WynnBET plans to ask the commission for permission to halt its online sports wagering activities in the state.<\/p>\n

WynnBET Notice of Intent to Cease Operations pursuant to 205 CMR 258, including Request for Approval of Cessation Plan and Request for Waiver from 205 CMR 258.01(1),\u201d<\/strong> according to the MGC agenda for the February 1 meeting.<\/p><\/blockquote>\n

The MGC will also consider a similar request on the same day from sports wagering startup Betr<\/a>, the sports betting company cofounded by Joey Levy and Jake Paul.<\/p>\n

WynnBET Could Be on Borrowed Time<\/h2>\n

News of WynnBET\u2019s departure from Massachusetts arrived about six months after the operator said it was working with regulators in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia.<\/p>\n

\n

At that time, parent Wynn Resorts said<\/a> it would focus WynnBET operations on the states where it runs land-based casinos, meaning Massachusetts and Nevada. However, market conditions change, and while WynnBET was the first online sportsbook approved in Massachusetts and Encore Boston Harbor is thriving, neither factor appears to be enough to keep WynnBET alive in the state.<\/p>\n<\/div>\n

In announcing the eight-state departure last August, Wynn added that WynnBET operations in Michigan and New York are also under review. With Massachusetts nearly removed from the gaming company\u2019s online sports betting roster, Michigan could be next. That’s because there is no chance Wynn will ever run a land-based casino there.<\/p>\n

New York could be a different situation because the Las Vegas-based gaming company is a viable<\/a> contender to win one of three downstate casino permits in the fourth-largest state. But even that might not be enough to keep WynnBET alive there. In Massachusetts, retail sports betting will remain available at Encore Boston Harbor\u2019s brick-and-mortar book.<\/p>\n

Things Weren\u2019t Supposed to Be This Way<\/h2>\n

To its credit, and perhaps to its detriment, Wynn long signaled that it wouldn\u2019t engage in a cash \u201carms race” to acquire sports betting customers. As a result, the operator prudently conserved capital. But WynnBET also struggled to gain adequate market share in any of the states it operated.<\/p>\n

\n

There was a time when the internet gaming company had attractive prospects. In May 2021, it was revealed Wynn Interactive would merge with a blank-check company in a deal valuing the online betting entity at $3.2 billion. But that transaction collapsed in November of that year.<\/p>\n<\/div>\n

In early 2022, rumors surfaced that Wynn was shopping its digital betting unit<\/a> at $500 million, but no deal materialized. Now, it appears WynnBET is on its last legs, and there will be no compensation for the parent company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resorts\u2019 (NASDAQ: WYNN) WynnBET is slated to exit Massachusetts, the latest sign the sports wagering mobile application could be dying a slow death. An agenda for Thursday\u2019s Massachusetts Gaming Commission (MGC) meeting indicates WynnBET plans to ask the commission for permission to halt its online sports wagering activities in the state. WynnBET Notice of […]<\/p>\n","protected":false},"author":46,"featured_media":247940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[86435,86438,1074],"tags":[82373,86457,80968],"acf":[],"yoast_head":"\nWynnBET Planning To Leave Massachusetts OSB Market<\/title>\n<meta name=\"description\" content=\"WynnBET Leaving Massachusetts, Death Could Be Imminent for Sports Betting App.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WynnBET Planning To Leave Massachusetts OSB Market\" \/>\n<meta property=\"og:description\" content=\"WynnBET Leaving Massachusetts, Death Could Be Imminent for Sports Betting App.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-30T20:12:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-03T18:46:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/\",\"url\":\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/\",\"name\":\"WynnBET Planning To Leave Massachusetts OSB Market\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg\",\"datePublished\":\"2024-01-30T20:12:51+00:00\",\"dateModified\":\"2024-02-03T18:46:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"WynnBET Leaving Massachusetts, Death Could Be Imminent for Sports Betting App.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Encore Boston Harbor and the WynnBet logo. The operator is leaving the Massachusetts online sports betting market. (Image: Casino.org)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sports Betting\",\"item\":\"https:\/\/www.casino.org\/news\/sportsbetting\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"WynnBET Leaving Massachusetts, Death Possible for Sports Bet App\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WynnBET Planning To Leave Massachusetts OSB Market","description":"WynnBET Leaving Massachusetts, Death Could Be Imminent for Sports Betting App.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/","og_locale":"en_US","og_type":"article","og_title":"WynnBET Planning To Leave Massachusetts OSB Market","og_description":"WynnBET Leaving Massachusetts, Death Could Be Imminent for Sports Betting App.","og_url":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-01-30T20:12:51+00:00","article_modified_time":"2024-02-03T18:46:28+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/","url":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/","name":"WynnBET Planning To Leave Massachusetts OSB Market","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg","datePublished":"2024-01-30T20:12:51+00:00","dateModified":"2024-02-03T18:46:28+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"WynnBET Leaving Massachusetts, Death Could Be Imminent for Sports Betting App.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/d241467d114b440183372537cd1d4c39_LARGE_9858b660aacd09411d7c55b8709f3ba4.jpg","width":1200,"height":800,"caption":"Encore Boston Harbor and the WynnBet logo. The operator is leaving the Massachusetts online sports betting market. (Image: Casino.org)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/wynnbet-planning-to-leave-massachusetts-osb-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Sports Betting","item":"https:\/\/www.casino.org\/news\/sportsbetting\/"},{"@type":"ListItem","position":3,"name":"WynnBET Leaving Massachusetts, Death Possible for Sports Bet App"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/308667"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=308667"}],"version-history":[{"count":6,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/308667\/revisions"}],"predecessor-version":[{"id":309331,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/308667\/revisions\/309331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/247940"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=308667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=308667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=308667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}