- Massachusetts reports its most profitable month of sports betting since launching in 2023
- The Massachusetts Gaming Commission reported nearly $19 million in tax revenue for January
- DraftKings dominated January 2025 in the Commonwealth
Massachusetts sports betting started 2025 on an extraordinarily profitable foot.
The Massachusetts Gaming Commission reported more than $18.8 million in sports betting tax revenues for January, the most profitable month the commonwealth has ever had since its sports betting launch in 2023.
Massachusetts sports bettors wagered more than $762 million in the month.
Massachusetts Sets New Monthly Revenue Record
The Massachusetts Gaming Commission reported $18,836,028 in total sports betting tax revenue for January, topping the previous record of $16.04 million in revenue set in November 2024.
The three retail sportsbooks and eight online sportsbooks generated approximately $94.37 million in taxable gaming revenue in January. Online sports betting accounted for the vast majority of taxable gaming revenue with $93,595,928.
The eight online sportsbooks reported a 12.7% hold rate for the month.
In total, Massachusetts sports bettors wagered $762,506,666 in January. Online sports betting apps accounted for the vast majority of the monthly handle, reporting $751,428,398 in total bets.
Between the online sports betting and retail sports betting operators, the total hold rate for January 2025 was 12.64%.
DraftKings Crushes January
DraftKings had a dominant January, remaining as the top operator in Massachusetts. The operator reported a whopping $377,140,693 in online sports betting handle and $51,776,862 in taxable online sports betting revenue. It reported a hold rate of nearly 14%, also tops in the state.
FanDuel had a solid month, totaling $217.2 million in online sports betting handle, coupled with nearly $28.8 million in taxable revenue.
Here are the online sports betting totals for the month of January:
- Bally Bet: $4,743,096 in online sports betting handle, $493,996 in taxable gaming revenue
- BetMGM: $63,170,229 in online sports betting handle, $5,456,706 in taxable gaming revenue
- Caesars Sportsbook: $23,045,921 in online sports betting handle, $1,220,301 in taxable gaming revenue
- DraftKings: $377,140,693 in online sports betting handle, $51,776,862 in taxable gaming revenue
- ESPN BET: $28,447,733 in online sports betting handle, $2,333,928 in taxable gaming revenue
- Fanatics Betting and Gaming: $37,755,300 in online sports betting handle, $3,511,218 in taxable gaming revenue
- FanDuel: $217,262,505 in online sports betting handle, $28,802,914 in taxable gaming revenue
Massachusetts Achieves Record Monthly Sports Betting Numbers
In a groundbreaking development for the state of Massachusetts, the latest figures have revealed that the region has achieved record monthly sports betting numbers. This news comes as a welcome surprise to many industry experts and enthusiasts, who have been closely monitoring the growth of the sports betting market in the state.
According to reports, Massachusetts saw a significant increase in sports betting activity during the month of October, with total wagers reaching an all-time high. This surge in betting activity can be attributed to a number of factors, including the growing popularity of sports betting among residents, as well as the increasing number of online sportsbooks available in the state.
One of the key drivers behind this record-breaking month was the return of major sporting events, such as the NFL season and the MLB playoffs. These high-profile events drew in a large number of bettors, who were eager to wager on their favorite teams and players. Additionally, the availability of online sports betting platforms made it easier than ever for residents to place bets from the comfort of their own homes.
The success of sports betting in Massachusetts can also be attributed to the state’s favorable regulatory environment. In recent years, lawmakers have taken steps to legalize and regulate sports betting, creating a safe and secure environment for bettors to place their wagers. This has helped to attract more players to the market, leading to increased revenues for both operators and the state.
Looking ahead, industry experts are optimistic about the future of sports betting in Massachusetts. With the continued growth of online sportsbooks and the return of major sporting events, it is expected that the state will continue to see record-breaking numbers in the months to come. This bodes well for both operators and bettors alike, as they stand to benefit from the thriving sports betting market in Massachusetts.
