According to the latest monthly revenue report from the Massachusetts Gaming Commission, the state’s casinos and sports betting operators combined to generate $120.6 million in gross gaming revenue (GGR) throughout the month of August.
The latest figures represent a drop of just over 6% compared to July’s GGR of $128.41 million.
Casino revenue
The state’s three casinos; Plainridge Park Casino, MGM Springfield and Encore Boston Harbor, reported combined GGR of $97.9 million for August. This was a drop of 1.11% compared to the $99 million reported in July.
Encore Boston Harbor was the market leader in all categories reporting monthly GGR of $61.3 million, showing a slight increase on the previous month’s total. This resulted in state taxes of $15.3 million or 55.4% of all casino gaming taxes for the month of August.
Meanwhile, MGM reported GGR of $23.5 million, the same figure as the previous month. This resulted in $5.8 million in casino gaming taxes from the operator for the second month in a row. Plainridge reported just over $13 million from its slots only facility, a 5.8% drop on the previous month’s total. This resulted in taxes of $6.4 million due to its tax rate of 49%.
Overall, the state collected $27.6 million in taxes from casino gaming and $35,356 from retail sports betting at the casinos. This brings the total collected from casinos during August to just over $27.6 million. As a result, the state has now collected over $1.514 billion in taxes from casinos alone since the industry launched.
Sports Wagering Revenue
According to the report the state’s retail and mobile sports betting operators combined to generate $22.7 million in taxable sports wagering revenue (TSWR) during August. This was a drop of 22.8% month-on-month.
During August the state’s three retail sportsbooks reported revenues as follows:
| Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| MGM Springfield | $912,651 | $64,934 | 7.36% | $9,740 |
| Encore Boston Harbor | $3.9 million | -$57,925 | -1.21% | $0 |
| Plainridge Park Casino | $2.8 million | $150,773 | 5.63% | $22,615 |
| Total | $7.6 million | $157,782 | 2.31% | $32,356 |
There were also eight licensed mobile sports betting operators active during the month:
| Mobile Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| Barstool | $16.4 million | $482,090 | 3.18% | $96,418 |
| BetMGM | $21.2 million | $2.4 million | 11.57% | $480,610 |
| Betr | $150,218 | $11,269 | 7.73% | $2,253 |
| Caesars | $14.6 million | $557,535 | 4.06% | $111,507 |
| DraftKings | $161.9 million | $10.7 million | 6.9% | $2.1 million |
| Fanatics | $4.4 million | $545,319 | 12.58% | $109,064 |
| FanDuel | $79.4 million | $7.4 million | 9.6% | $1.4 million |
| WynnBet | $9 million | $343,387 | 4.05% | $68,677 |
| Total | $307.2 million | $22.5 million | 7.59% | $4.5 million |
Since the launch of mobile sports betting in Massachusetts during March, the state has now collected $50.3 million in taxes.
Daily Fantasy Sports
The Gaming Commission also released detailed revenue data covering the month of August for DFS operators in the state .
| Mobile Operator | Wagers | Adjusted Gross Receipts | Net Adjusted Gross Receipts | Taxes |
|---|---|---|---|---|
| Boom Fantasy | $13,778 | $4,043 | -$28,095 | $0 |
| DraftKings | $4.2 million | $431,126 | $431,126 | $64,668 |
| FanDuel | $1.08 million | $105,220 | $105,220 | $15,783 |
| FanTrax | $4,840 | $4,840 | -$1,090 | $0 |
| OwnersBox | $1,837 | $272 | -$5,283 | $0 |
| ParlayPlay | $130,248 | -$14,049 | -$14,049 | $0 |
| PrizePicks | $3.6 million | $309,906 | $309,906 | $46,486 |
| Real Time | $86 | $4.85 | $4.85 | $0.73 |
| SHGN | $788,187 | $3,863 | $3,863 | $579 |
| Sleepers | $208,538 | $26,358 | $10,555 | $1,583 |
| Splash Sports | $674 | $456 | -$3,583 | $0 |
| Two Nine Sports | $238,292 | -$1,327 | -$1,327 | $0 |
| Underdog | $959,135 | $53,220 | $31,531 | $4,729 |
| Yahoo Fantasy Sports | $107,718 | $4,093 | $4,093 | $613 |
| Total | $11.4 million | $928,029 | $842,871 | $134,445 |
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.