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Massachusetts: DraftKings takes record $290m sports bets in September

| By Robert Fletcher
DraftKings processed a record $290.1m in online sports bets in Massachusetts during September, while the state reported a month-on-month rise in total betting handle.
Massachusetts betting September

Overall sports betting hit $512.2m in September, up 62.7% from $314.9m in August. It is also the second highest monthly total since Massachusetts launched legal online wagering in March.

Online betting accounted for $499.7m of total wagering, while a further $12.4m was spent at retail sportsbooks.

Sports betting revenue just shy of $50m

An increase in spending in September also led to a rise in taxable sports betting revenue.

During the month, operators generated a total of $49.8m in wagering revenue, up 119.4% from $22.7m in August. Of this total, $49.0m came from online betting and $783,017 retail wagering.

Again, this was the second highest amount since the legal online betting market opened. Only May’s $59.4m is higher than the total generated in September.

DraftKings running away with Massachusetts online sports bets market

Looking at individual operators, DraftKings remains by far the leader in the online betting market in Massachusetts. DraftKings generated $28.2m in revenue from $290.1m in bets, the latter being a new monthly high for a single operator.

FanDuel was again second with $14.2m in revenue off a $121.9m handle. BetMGM followed in third with revenue of $3.7m from $33.5m in online bets.

As for the retail segment, MGM Springfield moved into first with $289,320 in revenue from a $1.6m handle.

Plainridge Park Casino took more retail bets ($4.6m) but posted slightly lower revenue of $282,699. Incidentally, Encore Boston Harbor processed the most wagers ($6.2m) but had the lowest revenue of $242,313.

Casino market declines again in Massachusetts

Turning to land-based casino activity in Massachusetts, table and slots gross gaming revenue amounted to $90.4m. This was down 7.7% from $97.9m in August.

Physical slots revenue amounted to $62.9m, with table games revenue at $27.5m.

Combined sports wagering and casino revenue hit $140.2m, up 16.3% month-on-month. The state of Massachusetts collected $9.9m in sports betting tax and $25.7m in land-based casino tax.

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