DraftKings Continues Strong Massachusetts Sports Betting Run

Jun 4, 2023; Boston, Massachusetts, USA; Boston Red Sox right fielder Alex Verdugo (99) hits a double against the Tampa Bay Rays during the third inning at Fenway Park. Mandatory Credit: Eric Canha-USA TODAY Sports

DraftKings continues to enjoy its Massachusetts sports betting homefield advantage as the Boston-based sports betting operator again reported the top handle and revenue figures in the commonwealth.

The Massachusetts Gaming Commission reported $294,924,777 in sports betting handle for July, which resulted in $29.4 million in taxable sports betting revenue. Online sports betting accounted for the majority of handle at $288.1 million.

The MGC noted $5.8 million in sports betting tax revenue for the month.

DraftKings, FanDuel Remain Top Operators

DraftKings again reported the top sports betting handle and tax revenue for the month, noting $144.86 million in online sports betting handle and $2.87 million in sports betting tax revenue. FanDuel was second in the commonwealth with $86.18 million in online sports betting handle and $1.97 million in tax revenue.

DraftKings also topped all other operators in handle and taxable revenue in June.

Fanatics saw a nearly $500,000 increase in its sports betting handle from June, noting $2.3 million for July. Betr continues to struggle in the commonwealth, as its online sports betting handle dipped to just $155,581 for the month.

Here are the total online sports betting handle figures for July:

On the retail sportsbook side, Encore Boston Harbor topped all three casinos with $3.2 million in handle and nearly $350,000 in total taxable revenue. Here are the full retail sports betting details for the month:

The total taxable revenue for retail sportsbooks are right here:

Daily Fantasy Sports Reported For Commonwealth

For the first time, the MGC reported the state’s DFS totals for the month. There are currently 15 licensed DFS operators in Massachusetts.

DraftKings led the way with $5.3 million in DFS handle, with PrizePicks notching the second spot with nearly $3 million in handle. FanDuel was the only other operator to top a million in handle, reporting $1.05 million for the month.

In total, the state collected $188,366 in DFS taxes for July.

Here are the total DFS sports betting handles for the month:

Recently, Massachusetts Gaming Commission Interim Executive Director Todd Grossman said the commission will evaluate daily fantasy sports (DFS) offerings in the commonwealth as DFS operators are recently experiencing increased scrutiny for their offerings nationwide.

Grossman revealed the commission would begin a review of DFS operator and offerings in the state in light of several public examinations across the country.

“There’s been a great deal of activity surrounding the boundaries of sports wagering and daily fantasy sports and whether there’s some overlap between the two. That is to say, whether there are certain activities offered by DFS operators that may be considered sports wagering activity. That’s been addressed in a number of jurisdictions now and has been discussed publicly. I wanted to note we are certainly aware of this issue and we’re in the process of reviewing it,” Grossman said.

Gambling Regulatory Writer and Editor

Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.

Regulatory Writer and Editor
Gambling

Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.