MGC reports $132m in gambling revenue in June

MGC reports $132m in gambling revenue in June

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MGC reports $132m in gambling revenue in June

Gambling firms in the state of Massachusetts generated more than 130 million dollars in June 2023.

Of the total of over 130 million dollars, the state’s three regulated land-based gambling operators generated 100 million dollars. The rest of the 32 million dollars, meanwhile, was generated by sports betting firms, with the overwhelming majority coming from wagering companies operating in the online vertical. Retail wagering operators in the state made only about 154 thousand dollars in the period.

The revenue generated by the state’s gambling operators was up by more than 7% from the results of last year’s June, going up from 93 million dollars. Compared to last month, on the other hand, the firms experienced only a slight increase, going up from 99 million dollars.

The state of Massachusetts generated more than 34 million dollars in taxes in the month from its licensed gambling operators, with its three land-based gambling establishments being responsible for the majority of that figure at just over 28 million dollars. The state’s online betting operators contributed just over 6.4 million dollars in taxes, while retail wagering establishments paid 23 thousand dollars.

Lastly, the regulator added that since the launch of the state’s regulated gambling market, the Massachusetts government has collected more than 1.4 billion dollars in taxes from gambling firms, while its sports wagering operators have paid more than 40 million dollars in taxes.

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