Massachusetts recorded $71.1m (£56.5m/€66m) in taxable sports activities having a bet revenue for January, smashing the outdated file of $61m.
Massachusetts’ January revenue became a excellent 17% lengthen on the outdated best possible month, web page reduction in Would possibly presumably well merely 2023.
Take care of fell correct 1.1% searching December’s $658.7m file, soundless amassing $651.7m in what became one other great month for Massachusetts’ sports activities having a bet industry. Tax aloof became $5.8m, also 9.4% down on December.
Massachusetts has confirmed very encouraging development since sports activities having a bet went dwell on the closing day of January 2023. Online continues to carry out very strongly, with online wagers accounting for ninety nine.4% of January’s address.
By manner of casino, Massachusetts produced $93.5m in sinister gaming revenue (GGR) for January, 10.1% searching December’s figure of $103m. Encore Boston Harbor continues to lead the manner, amassing $60.9m in table and slot GGR.
DraftKings soundless the leader in Massachusetts
While DraftKings’ address of $315.9m became $4.5m searching the $311.4m it gathered in December, it soundless remains out in clear at the summit of the Massachusetts’ sports activities having a bet market.
FanDuel seen its sports activities having a bet address soar by 3.6% month-on-month to $194m in January. On the other hand, it soundless continues to slouch successfully slack DraftKings, falling $121.9m searching its rival’s January total wagers.
Having launched right thru 17 US states in November, ESPN Bet continues to assemble a dent within the Massachusetts market, ranking third within the insist for the month with $forty five.4m in address. BetMGM and Caesars Sportsbook were fourth and fifth with $36.8m and $22.5m respectively.
Wynn ceases Massachusetts operations
One operator who might possibly presumably no longer be tapping into Masachusetts’ rising online market will possible be WynnBet, with Wynn Interactive division of Wynn Accommodations ceasing operations of its online gambling brand within the insist earlier this week.
Wynn Accommodations, on the opposite hand, will proceed to feature retail sports activities having a bet within the insist. Players can proceed to wager at the land-basically based sportsbook and kiosks inner its Encore Boston Harbor casino.
The halting of operations in Massachusetts comes after Wynn Accommodations closing August web page out plans to scale reduction the emblem right thru the US. Alongside with Massachusetts, WynnBet might possibly presumably also exit Colorado, Indiana, Louisiana, Original Jersey, Tennessee, Virginia and West Virginia.
The brand will dwell energetic in Nevada, Original York and Michigan, though its operations within the two latter of these dwell below evaluate.
