Massachusetts’ Online Sports Betting: A Deep Dive into June’s Financial Landscape
In June, Massachusetts saw its online sports betting sector generate an impressive $61.6 million in revenue. Despite this substantial figure, the month marked a low point in both sports betting revenue and activity for 2025, although it did show notable growth compared to the previous year.
Overall, sports betting in the state brought in a combined revenue of over $62.1 million from both online and retail sources. This marks a 53.3% increase from the same month last year, yet falls short by 23.1% compared to May of this year. To put this in perspective, the state hasn’t recorded revenue levels this low since December, when figures were reported at $57.5 million.
June’s Financial Breakdown
According to the Massachusetts Gaming Commission, online betting contributed $61.6 million, while retail betting amounted to $474,426. In terms of bets made, customers wagered a total of $532.7 million overall, a slight increase of 4.6% year-on-year but an 18.8% drop from May’s figures. This decline marks it as the weakest month since August 2024, resulting in a state hold of 11.66%.
DraftKings Dominates the Market
A closer look at operator performances reveals that DraftKings continues to hold a commanding lead in the online betting space, garnering $31.4 million from a handle of $266.1 million for an 11.80% hold. FanDuel follows as its nearest competitor, recording $17.4 million from a $139 million handle, achieving a 12.52% hold. BetMGM comes in third with earnings of $5.2 million from a handle of $45.8 million, translating to an 11.35% hold.
Fanatics reported $4.6 million from a $37.8 million handle for a 12.17% hold, while ESPN Bet contributed $1.5 million from $15.2 million, illustrating a higher-than-average hold of 15.2%. Caesars brought in $1.2 million from a $17.6 million handle, equating to a hold of 8.52%, while Bally Bet once again trailed behind with just $227,277 from a $4 million handle and a 5.71% hold.
Performance of Retail Sportsbooks
Among retail sportsbooks, Plainridge Park Casino stood out, earning $243,665 from a $2.3 million handle for a 10.49% hold. Encore Boston Harbor followed with $171,393 from $3.9 million, translating to a 4.42% hold. Finally, MGM Springfield reported earnings of $59,369 from a $$1 million handle, giving it a 5.72% hold.
Casino Revenue Continues to Thrive
Turning to land-based casino gaming, June revenue hit $97.7 million, with $68.4 million attributed to slot machines and $29.3 million to table games. Encore Boston Harbor led with $60.2 million, followed by MGM Springfield with $22.8 million and Plainridge Park Casino at $14.6 million.
On the taxation front, the state benefited from a total of $40.3 million collected from various gambling activities, which included $12.4 million from sports betting and $27.9 million from casino gaming.
In summation, Massachusetts’ sports betting landscape showcases both resilience and challenges. As the sector continues to evolve, the focus will likely shift towards understanding consumer behavior and adapting to the competitive environment within the state.