Betting News

Massachusetts November revenue drops while wagers hike by 15%

The Massachusetts Gaming Commission has released the November casino revenue. Despite the favorable conditions for bettors in October, sports wagering accrual wins decreased by $10 million.

As for the taxable gaming revenue, Massachusetts casinos hit 143 million dollars for sports betting. The number was down by 7.7% compared to the 155.8 million dollars generated in October.

According to the report, the 8 mobile and online sports casinos and the 3 in-person casinos generated an accrual win of 50.6 million dollars. Similarly, players wagered over 654.4 million dollars in the month.

This number was up by 15% compared to the 571.8 million dollars spent in October. It was even 12% higher than the previous best month for the region, April 2023, with 579.3 million dollars.

However, a hike in handle did not convert well for the win percentage. Player wins were down by 16% compared to October. Punters had a good month in the region, while revenue in November hit 7.72% compared to 10.5% in October. 

As expected, DraftKings broke the state’s monthly record during the month. The casino operator witnessed players putting down 320 million dollars. The operator had already broken the record with 304.8 million dollars in October.

Even then, the prevalent trend across the Massachusetts betting circle hit DraftKings, as its revenue dropped to 27.2 million dollars from 34.3 million dollars.

On the other hand, FanDuel’s handle of 181.5 million dollars was the best month for the operator in the state. However, the operator could only attain a handle of 6.9% with 12.6 million dollars in winnings.

Most interestingly, Penn Interactive witnessed a hike in wagers. The operator saw 13.9 million dollars in wagers in October, with a 10.65% revenue hold. However, the operator noted a stack of 39.1 million dollars in wagers, while its revenue hold jumped to 14.86%. 

John Scott

John Scott joined the Times of Casino’s team as a news writer. He previously worked with foremost publications as an intern. He holds bachelor of journalism degree and more than three years of experience of writing. In his free time, he enjoys travelling different places.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button