MGC Report Shows Strong Performance for Massachusetts Casinos and Sports Betting Operators in December

The Massachusetts Gaming Commission (MGC) recently released its report for December, showing that licensed sports betting and casino operators had a successful month. The total taxable gaming revenue reached $163.6 million, which was an improvement from the $143 million reported in November.

The breakdown of the revenue revealed that retail and online sports wagering accounted for $60.6 million, while the three casinos in the state (MGM Springfield, Plainridge Park Casino, and Encore Boston Harbor) generated a total of $103 million. Sports betting raised $12 million in taxes, while the three land-based casinos contributed $29 million in taxes for the state.

The report also highlighted the performance of the individual casinos. Encore Boston Harbor led the way with a total GGR of $65.8 million, contributing $16.5 million in taxes. MGM Springfield followed with $23.6 million in GGR and $5.9 million in taxes, while Plainridge Park Casino reported $13.6 million in GGR and $6.7 million in taxes.

When it comes to sports betting, online operators dominated the market, with a total revenue of $59.3 million and $11.9 million in taxes. In contrast, retail betting operators only generated $1.3 million in revenue and raised $194,011 in taxes for the state.

DraftKings emerged as a leader in the sports betting market, with a betting handle of $315.9 million and revenue of $29.9 million. FanDuel also performed well, with a betting handle of $187.4 million and revenue of $19.3 million. The newly launched ESPN Bet posted a betting handle of $49,981,962 and revenue of $4.1 million.

Overall, the MGC report highlighted the strong performance of Massachusetts casinos and sports betting operators in December, with online activities driving the majority of the revenue. The success of both the casinos and sports betting operators bodes well for the state’s gambling industry moving forward.

By admin