Massachusetts sports betting handle dips below $300m in July

Total handle for retail and online sports betting reached $294.9m. This was 11.3% less than $332.0m in June and the lowest monthly total since the launch of legal online betting in April.

It was also the first time that combined land-based and internet betting spend fell below $300.0m.

Online wagering accounted for $288.1m, down 10.9% month-on-month. Retail betting also fell 20.0% to $6.8m.

Handle dip leads to revenue decline

Taxable revenue from sports betting also declined in July. The combined total from retail and online wagering reached $29.4m, a drop of 8.7% from June’s $32.2m.

Of this total, $28.8m came from online betting, down 10.3%. The remaining $576,139 was generated by retail wagering, which was 274.3% higher than June.

Looking at individual operators, DraftKings remained the runaway online leader, posting $14.4m in revenue off $144.9m in bets.

FanDuel followed with $9.9m from $86.2m, then BetMGM in $2.5m off a $22.5m handle.

As for the land-based sector, Encore Boston Harbor topped the charts with $349,832 in revenue and a $3.2m handle. Plainridge Park Casino was next on $153,439 off $3.0m, then MGM Springfield with $72,868 from a $607,046 handle.

Massachusetts casino revenue falls 2% in July

Turning to the land-based casino sector, table and slots revenue for the month amounted to $98.6m. This was 2.0% down from $100.6m in June.

Slots revenue reached $67.5m, while table games revenue hit $31.2m.

Encore Boston Harbor also claimed top spot in this market, posting $61.3m in total casino revenue. MGM Springfield was second on $23.5m, then Plainridge Park with $13.9m.

Combined revenue from sports betting and casino gaming in June was $128.1m, down 3.5% from June’s $132.8. It was also revealed that total tax collected during the month of July amounted to $33.8m, with $5.8m coming from sports betting and the other $28.0m casino gaming.