Massachusetts gambling market generated $160m in May

Massachusetts gambling market generated $160m in May

Added:
Massachusetts gambling market generated $160m in May

Gambling firms in Massachusetts made just under 160 million dollars in gross revenue in May.

The majority of the state’s revenue was generated by gambling firms, which made a total of 99 million dollars in the period while wagering operators generated just under 61 million dollars in May. The state of Massachusetts was able to collect just under 40 million dollars in taxes in the month, around 28 million of which originated from gambling operators and 12 million from betting companies.

Breaking down the gambling sector’s figures by operator, Encore Boston Harbor generated the most revenue among local retail gambling establishments at 1.3 million dollars, which it made from a total of 6.7 million dollars in player bets. The firm’s revenue also made up for the majority of the land-based vertical’s revenue in the state, which was recorded at 1.5 million dollars in May.

In terms of the online vertical, on the other hand, DraftKings was at the top with a revenue figure of 30 million dollars, which the firm generated from a combined 220 million dollars worth of wagers. This was followed by FanDuel and BetMGM, which made around 20 million dollars and 5 million dollars in the month respectively.

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