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...
Sports betting claims the September crown in Massachusetts
Since the legalization of sports betting in 2023, Massachusetts has seen significant wagering activity, specifically in September 2024.
According to the Gaming Commission, sportsbooks and mobile betting applications generated approximately $73.5 million in taxable revenue in September, surpassing the previously reported highest number of $71.13 million from January 2024.
Bettors also set a new record in September. They placed almost $678.75 million in wagers on various sporting events. About 97% of the wagers were placed through one of the seven mobile or online betting platforms available in the state. DraftKings had more than half of the total bets. Moreover, 98% of the revenue from sports wagering came from online operators.
Online wagers are taxed at 20%, while bets placed at physical sportsbooks located at Plainridge Park Casino in Plainville, MGM Springfield, and Encore Boston Harbor in Everett are taxed at a lower rate of 15%.
Casinos in Massachusetts
Massachusetts’ three traditional gambling venues brought in just over $92 million in gross gaming revenue during September. This is about $26.24 million in state taxes. Altogether, commission licensees generated more than $165.55 million in revenue in September, with around $40.87 million allocated to the state.
Since the legalization of gambling in Massachusetts in 2015, the state has collected a total of $1.878 billion in taxes and fees from casino-style gaming. Additionally, since sports wagering became legal in 2023, the state has received $187.88 million in taxes and assessments from these operations.
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...
