According to the latest monthly revenue report from the Massachusetts Gaming Commission, the state’s casinos and sports betting operators combined to generate $128.41 million in gross gaming revenue (GGR) throughout the month of July.
Casino revenue
The state’s three casinos; Plainridge Park Casino, MGM Springfield and Encore Boston Harbor, reported combined GGR of $99 million for July. This was a drop of 1.98% compared to the $101 million reported in June.
Encore Boston Harbor was the market leader in all categories reporting monthly GGR of $61.2 million, down by 6.4% month-by-month. This resulted in state taxes of $15.3 million or 54.8% of all casino gaming taxes for July.
Meanwhile, MGM reported GGR of $23.5 million, an increase of 5.8% on the previous month’s total of $22.2. This resulted in $5.8 million in taxes. Plainridge reported $13.8 million from its slots only facility, $1 million more than the previous month. This resulted in taxes of $6.7 million due to its tax rate of 49%.
Overall, the state collected $27.9 million in taxes from casino gaming and $86,421 from retail sports betting at the casinos. This brings the total collected from casinos during July to just over $28 million. As a result, the state has now collected over $1.487 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 $29.4 million in taxable sports wagering revenue (TSWR) during July. This was a drop of 8.7% month-on-month.
During July the state’s three retail sportsbooks reported revenues as follows:
| Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| MGM Springfield | $607,046 | $72,867 | 12.25% | $10,930 |
| Encore Boston Harbor | $3.2 million | $349,832 | 11.06% | $52,475 |
| Plainridge Park Casino | $2.9 million | $153,438 | 5.43% | $23,015 |
| Total | $6.8 million | $576,138 | 8.72% | $86,421 |
There were also eight licensed mobile sports betting operators active during the month:
| Mobile Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| Barstool | $11.7 million | $391,802 | 3.35% | $72,498 |
| BetMGM | $22.4 million | $2.5 million | 11.28% | $495,479 |
| Betr | $155,581 | $11,344 | 7.29% | $2,196 |
| Caesars | $11.3 million | $806,058 | 7.11% | $114,577 |
| DraftKings | $144.8 million | $14.7 million | 10.17% | $2.8 million |
| Fanatics | $2.3 million | $226,230 | 9.61% | $44,295 |
| FanDuel | $86.1 million | $10.1 million | 11.72% | $1.9 million |
| WynnBet | $9 million | $728,393 | 8.04% | $141,148 |
| Total | $288.1 million | $60.5 million | 10.25% | $5.7 million |
Since the launch of mobile sports betting in Massachusetts during March, the state has now collected $45.81 million in taxes.
Daily Fantasy Sports
July is the first month that the Gaming Commission has released detailed monthly revenue data for DFS operators in the state.
| Mobile Operator | Wagers | Adjusted Gross Receipts | Net Adjusted Gross Receipts | Taxes |
|---|---|---|---|---|
| Boom Fantasy | $10,763 | $5,114 | -$34,579 | $0 |
| DraftKings | $5.3 million | $558,823 | $558,823 | $83,823 |
| FanDuel | $1.05 million | $102,884 | $102,884 | $15,432 |
| FanTrax | $27,225 | -$9,030 | -$9,030 | $0 |
| FFPC | $0 | $0 | $0 | $0 |
| OwnersBox | $1,638 | $560 | -$5,916 | $0 |
| ParlayPlay | $101,001 | $10,344 | $10,344 | $1,551 |
| PrizePicks | $2.9 million | $488,442 | $488,422 | $73,266 |
| Real Time | $307,893 | $43,867 | $43,867 | $6,580 |
| SHGN | $64,279 | $616 | $616 | $92 |
| Sleepers | $215,442 | $4,189 | $4,189 | $628 |
| Splash Sports | $1,225 | -$1,300 | -$3,387 | $0 |
| Two Nine Sports | $11,140 | $186 | $186 | $27 |
| Underdog | $33,593 | $33,593 | $33,593 | $5,039 |
| Vivid Picks | $271,959 | $65,743 | $65,743 | $9,861 |
| Total | $10.4 million | $1.3 million | $1.25 million | $188,366 |
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.
