Massachusetts sports betting revenue hits US$65.4 million for April
Massachusetts’ sports betting sector enjoyed a successful April, generating combined revenue of US$65.4 million, up from US$49.4 million in April last year, representing a year-on-year increase of 32.4%.
The state’s regulator, the Massachusetts Gaming Commission, also revealed in its financial report that wagers settled reached US$676.1 million, up from the previous year’s total, which recorded US$591.5 million.
Of the state’s seven online sports betting operators, DraftKings provided the strongest performance in April, generating US$38.6 million in revenue, representing a 42% year-on-year rise, enabling it to pull a long way ahead of Massachusetts-based rival FanDuel, which recorded US$17.9 million, a fall of 9% on the figure for last April.
The two companies accounted for 87% of the month’s online sports betting revenue together compared to the other five sportsbook operators.
BetMGM was the best of the rest, generating US$4.1 million in revenue, while Caesars Sportsbook was the poorest performer, recording revenue of less than a million.
The strong overall April performance also provided a significant boost to the Bay State’s coffers. The combined retail and online sports betting tax contribution for the month was US$13.2 million, taking the year-to-date figure to more than US$55 million.
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Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
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