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Gambling In Massachusetts Slows Down In June

Written By Nicholaus Garcia on July 18, 2023
Lazy Beach Goer Under Umbrella In June with Massachusetts gaming revenue June 2023

The latest report from the Massachusetts Gaming Commission (MGC) points to a mediocre month for gambling in Massachusetts.  

For June, the three commercial casinos generated over $100 million in gross gaming revenue from slot machines and table games. As a result, the state collected roughly $28.2 million in tax revenue. 

As for sports betting, the eight online sportsbooks and three retail sportsbooks combined for $32.2 million in gaming revenue and $6.4 million in taxes. 

Massachusetts casino revenue declines in June

Recent figures from the MGC show throughout the month, Massachusetts gambling generated $132.8 million in total taxable gaming revenue. The figure is a decline from the $159.9 million generated in May

Encore Boston once again led the way with $65.5 million in revenue from slots and table games. 

  • Encore Boston: $65.5 million
  • MGM Springfield: $22.2 million
  • Plainridge Park: $13 million

Sports betting handle cut in half

The DraftKings Sportsbook continued its industry dominance, bringing in over $159 million in sports betting handle, translating to $15.1 million in revenue. 

For June, Massachusetts sports betting generated over $332 million in handle, down from the $455 million reported in May. 

According to the MGC’s June report, the top-five online operators by revenue were:

  • DraftKings: $15 million
  • FanDuel: $11 million
  • BetMGM: $4 million
  • Barstool: $1 million
  • Caesars: $655,305

June was also the first full month for the Fanatics Sportsbook, which reported $1.9 million in handle and $221,608 in revenue. In addition, the micro-betting platform Betr experienced its second month in operation generating $290,649 in handle. 

Betr launched on May 10, while Fanatics went live on May 25.

Even though sports betting continues its downward trend since its March launch, the trend was expected. Summer months tend to bring the industry to a halt due to the limited number of sports to wager on. However, sports betting in Massachusetts and across the US will see a boost beginning in August when football betting starts.

College football begins in mid-August, while the 2023 NFL season kicks off in early September.

Photo by PlayUSA
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Nicholaus Garcia

Nick Garcia is a senior reporter for PlayUSA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

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