Massive Sports Betting Surge: Over Half a Billion Dollars Bet on Sports in Massachusetts During March

In the month of March, gamblers in Massachusetts wagered more than half a billion dollars on various sporting events.  In the state of Massachusetts, during the month of March, total wagers on sporting events exceeded half a billion dollars.

The Boston Herald reports that this resulted in the collection of taxes totaling more than 9 million dollars for the state. Since the 10th of May was the official launch date for sports betting in the Bay State, these data only represent a portion of one month of sports betting in the state.

Over Half a Billion Dollars Bet on Sports in Massachusetts
Over Half a Billion Dollars Bet on Sports in Massachusetts

From March 10 through the end of the month, $548 million was wagered through the six permitted online betting systems, according to data issued this week by the Massachusetts Gaming Commission. That’s in addition to nearly $20 million in wagers at the casinos’ sportsbooks.

We keep looking till we find anything new. Till then, these might be some of the best articles on Massachusetts to read:

Massachusetts earned $9.1 million in taxes from these wagers in March, out of a total of $45.6 million in taxable gaming revenue for the internet operators. The $1.46 million in taxable gaming income from casino sportsbooks contributed $218,295 to state coffers because of the lower tax rate.

The total value of bets placed at casinos and online sportsbooks varies widely, according to MGC data. According to the survey, the application Draftkings had the highest number of users in the state, followed by Fanduel and BetMGM.

The tweet linked below by Bill Speros shows a few insights about Massachusetts sports betting:

An official tweet by MA Gaming Commission also shows these figures. The tweet is linked below’ and captioned as:

“To date, the Commonwealth has collected approximately $9.65 million in total taxes and assessments from the sports wagering operations of licensed operators since sports wagering began in person on January 31, 2023 and online on March 10, 2023.”

Encore Boston Harbor was the top casino with $13.4 million in wagers in March. Roughly $4.9 million was wagered at Plainridge Park Casino, while roughly $1.7 million was wagered at MGM Springfield.

There has been no additional information made public on this matter. Please keep checking back with journalworldwide for the most recent information regarding this topic and news relating to it.

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