August saw a calendar year-low for sports betting income in Massachusetts, while the state still managed to post year-on-year growth in handle and revenue.
December taxable online and retail sports betting income in Massachusetts was $33.3 million (£25.2 million/€29.9 million). This is the lowest monthly total so far this year, and it's 51.4% higher than last year in Massachusetts. However, it's 19.2% lower than July.
While retail contributed just $381,134 to the total revenue for the month, online betting contributed $32.9 million.
The $447.3 million spent in retail and online was 42.1% more than the previous year. The $411.8 million wagered on sports in July this year was also an increase of 8.6 percent.
In August, players wagered $439.7 million online and $7.6 million at brick-and-mortar sportsbooks in Massachusetts.
The state's market as a whole had a hold percentage of 7.71% in August. A little higher at 7.74%, online hold was lower at 6.12% in retail.
When it comes to Massachusetts, DraftKings is still unrivalled.
When it comes to individual operators, the online market leader in Massachusetts is DraftKings. Its hold percentage for August was 7.33 percent, and it made $16.2 million from $229.4 million in bets.
Having a stronger hold of 9.26%, FanDuel came in second on revenue terms with $10.7m for the month. The total amount of bets processed by the operator in August was $118.2 million.
With a 7.56% hold and $2.3 million in revenue from $31.1 million in handling, BetMGM was another outstanding performance. Bally Bet, a relative newcomer that debuted in July in Massachusetts, reported $222,372 in revenue off $2.4 million in handle, giving them a 9.39% market share.
With $196,980 in sales from $2.7 million in wagers, Plainridge Park Casino topped the retail category. The end outcome was a monthly hold of 7.47%.
Earnings for casinos reach five-month peak
Looking at the land-based casino market in Massachusetts currently, the total gross gaming revenue (GGR) from tables and slots reached $103.3m. This is the largest monthly total since March, 5.5% higher than last year, and 3.8% higher than July.
The gaming revenue for the month of August was $69.0 million from slots and $34.3 million from table games.
The leading casino operator for the month was Encore Boston Harbour, with $64.9 million in revenue. Contributing to this total are $35.9 million from slot machines and $29.0 million from table games.
The total income for the month of August came to $136.6 million from both sports betting and casino gaming. The state's total tax revenue was $36.0 million, with $6.6 million coming from sports betting and $29.3 million from casinos.
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