Massachusetts Sportsbooks Post Record Numbers in December
The chill of winter hasn’t dampened the live Massachusetts Bay Colony sports betting market. Although it is a really unforesightful history, MA sportsbooks recorded their highest handgrip of all time inwards December.
The Dec revenue study from the Bay State Gaming Commission (MGC) shows Bay State sports bettors wagered $658.6 meg with online and retail operators. That’s a track record number since online sports betting launched inwards the Bay State inward March 2023, and brick-and-mortar sportsbooks began operations in January.
Not fifty-fifty the disappointing 4-13 Patriots enter could slack the momentum. Operators generated $60.5 one thousand thousand inwards taxable sports wagering revenue come out of the December handle. The tell received $12 one thousand thousand inwards sports betting task payments.
Since the set in motion of effectual sports wagering, Old Colony online and retail sportsbooks handled just below $4.9 one thousand million in bets. Taxable sports betting revenue totaled $471.1 million, and operators paid almost $93.8 billion to the state.
Casinos Finish 2023 with Second-Highest Revenue Total
Massachusetts casinos closed out 2023 with a warm showing. The state’s trine brick-and-mortar casinos combined for $103 zillion in wins from bettors. That is the second-highest monthly revenue tot up of 2023.
The leash locations, including Encore Hub of the Universe Harbor, MGM Springfield, and Plainridge Park Casino generated more than $29 billion inwards assess revenue for the Commonwealth inward December. It is believed online casinos could bring forth practically more tax revenue, but online casinos aren’t effectual inwards Massachusetts.
The momentum of casinos and sportsbooks has attracted attending from legislators on Beacon James Jerome Hill and from the governor.
Gaming Revenue Helps Fill Budget Gap
The elaboration of gaming inward MA has opened upwards a new revenue flow for Governor Maura Healey (D). Healey, a one-time opponent of casinos, is now preparation to shut a $1 one thousand million budget shortfall with gaming revenues.
Since casino-style gaming began in Bay State in 2015, the state has brought inwards $1.623 1000000000000 inward taxes and assessments from gambling casino operations.
In FY 2023, add gaming revenues were virtually $330.7 million. That’s upwardly from well-nigh $310 jillion inward FY 2002 and $233.1 1000000 inwards FY 2021 according to the state. Add that to the $93.8 gazillion in the twelvemonth since effectual sports betting began, and the outlook appears bright.
The Healey organisation says it expected nett gain from the lottery of around $1.2 billion, and has since added another $75 billion to the expectation.
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