The Massachusetts Gaming Commission has released it latest monthly revenue report revealing that the state’s licensed casinos and mobile sportsbooks generated combined gross gaming revenues (GGR) of $152.6 million during March.
Casino revenue
Plainridge Park Casino, MGM Springfield and Encore Boston Harbor combined to generate $104 million in GGR throughout the month. Encore Boston Harbor was the market leader in all categories reporting monthly GGR of $66.2 million resulting in taxes of $16.5 million for the state. MGM reported GGR of $24 million resulting in just over $6 million in taxes while Plainridge reported $14.2 million from its slots only facility. This resulted in taxes of $6.9 million due to its tax rate of 49%.
Overall, the state collected $29.5 million in taxes from casino gaming and $218,295 from retail sports betting at the casinos. This brings the total collected from casinos during March to $29.7 million and means that the state has now collected over $1.3 billion in taxes since casinos first opened in Massachusetts.
Sports Wagering Revenue
During March there were three retail sportsbooks open at:
- Plainridge Park Casino
- Encore Boston Harbor
- MGM Springfield
There were also six licensed mobile sports betting operators active during the state’s first month of online sports wagering. These were:
- Barstool Sportsbook
- BetMGM
- Caesars Sportsbook
- DraftKings
- FanDuel
- WynnBet
Following the launch of mobile sports betting in Massachusetts during March, mobile license holders alongside the state’s three retail sports betting outlets generated $47.06 million in taxable sports wagering revenue (TSWR).
Throughout the month sports betting operators took in over $569 million in wagers with $548 million coming through online sportsbooks. Encore Boston Harbor was the retail market leader with over $19 million in wagers while DraftKings led the online market accepting over $257.6 million in wagers through its mobile sportsbook.
Taxable revenue from retail sports betting came to $1.4 million while the figure for mobile sports betting was $45.6 million. Overall the state collected $9.3 million in taxes from sports betting.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.