Massachusetts’ sports betting handle grows, revenue falls in October
Sports Game · 2024-11-21
Massachusetts’ sports betting handle grows, revenue falls in October
The Massachusetts Gaming Commission announced that the Bay State accepted $748 million in wagers last month, a 10.2% increase.
The jump in action did not translate to better revenue, however. After reporting more than $73 million in revenue in September, October brought in just $48.3 million.
That means that state’s tax bill from sports wagering fell from $14.6 million to $9.6 million.
Following an industry-friendly 11% hold in September, when the NFL season kicked off, bettors became more acclimated, and October’s hold came in at a much lower 6.8%.
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