Massachusetts to toughen rules on sports betting market
Massachusetts lawmakers are introducing Senate Bill 302 (SB302), now titled the Bettor Health Act, suggesting new tougher rules on sports betting marketing, including tax...
Massachusetts sports getting up 57% in June
Compared to last year, this year there is a rise of sports betting activities in Massachusetts by some challenges experienced in the retail industry.
According to a recent report by the Massachusetts Gaming Commission, the total amount bet on sports games was $509.4 million which is about 57.5% more than that for June 2023 which stands at $323.5 million.
Massachusetts saw a decline of 13.3% in betting in June 2024 to $500.7 million, the lowest it has been since August 2023. Online betting remained popular compared to which retail betting was minimal or less common.
Alshon Teodozio emit (generate) 40.5 million dollars; still, this was a decrease of 29% as compared to what was obtained in May 2024 /may 2024, revenue of 40.5 million has been recorded, indicating a 25.8% increase from June 2023 although it is still 29% below what was earned during May 2024 (May 24th).
Online betting yielded $41.0 million but retail betting caused a loss of $588,965 with the latter being the biggest contributor to the state’ revenues through taxes although most were from online betting. DraftKings revenue was at $19.3 million while FanDuel revenue was at $16.5 million and that of BetMGM at $2.3 million
In July, Bally Bet came into existence as the 7th online betting choice. The total casino gaming takings stood at 4.5% lower than the previous year, which was equal to $96.1 million.
Slot machines managed to rake in $66.2 million compared to tables which barely scraped $29.9 million from their patrons’ pockets. From that amount, the government took $27.3 million as taxes and the largest share of $60.4 million came via Encore Boston Harbor.
Massachusetts: The first to consider gambling checks
Massachusetts is reshaping its sports betting landscape by implementing affordability, player protections, and advertising practices.Senate Docket No. 1657, introduced by...
