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Massachusetts Online Sports Betting Revenue Generates $49.9m In April 2024

Ben Horlock

Massachusetts online sports betting revenue generated $49.9Million in April 2024, the Bay State’s Gaming Commission confirmed. 

Massachusetts Online Sports Betting Revenue

Year-on-year, that figure was down 15.7%. However, the revenue was an increase of 8.5% compared to March 2024 – which was $45.5m.

Last month’s online wagering revenue came from a total handle of $591.5m. This was a 4.4% increase year-on-year from last April’s $566.2m.

The Massachusetts Gaming Commission also confirmed that the total handle dropped by 7.9% compared to March’s figure of $642.3m.

Additionally, tax revenue in Massachusetts from mobile betting reached $9.9m. This was up month-on-month by 8.5% from March’s $9.1m. However, it was down 15.7% from April 2023’s $11.7m.

In terms of land-based casinos, approximately $97.5m in Gross Gaming Revenue (GGR) was reported for April 2024. At the time of publication, $1.37bn has been collected in taxes since the gaming facilities opened their doors.

Massachusetts Retail And Online Sports Wagering

Massachusetts is now one of more than 30 U.S. states with legal sportsbooks since the Supreme Court first past legislation in 2018.

However, it wasn’t until 2023 that online and retail sports betting became a reality in the Bay State. Retail sports betting went live on January 31.

Online sports betting was launched on March 10 – just before March Madness got underway. In total, there are six online sportsbooks currently available in the state.

Residents have the choice of using DraftKings, FanDuel, BetMGM, ESPN Bet, Caesars and Fanatics Sportsbook. All six betting companies offer generous new player bonuses and promotions upon joining.

Meanwhile, there are talks of more online apps being added in the coming months. For now, residents in the Commonwealth can look forward to betting on major sports across the world this summer.

Outside of the United States, there will be plenty of soccer tournaments and the Olympic Games to wager on.

 

Ben Horlock

Ben is an experienced news and features writer who specializes in providing expert guides on all aspects of online and in-person gambling. Ben has over ten years experience writing for web-based audiences and has strong expertise in casinos, online cryptocurrency gambling platforms as well as slots and table games. Ben has been published across a number of english international news outlets, including InstantCasinos and BitcoinCasino. As well, Ben has worked in social media for four years in the sports gambling industry.