The Massachusetts Gaming Commission reported $100.5 million in combined taxable gaming income from casino gambling for June. Sports betting generated around US$32.2 million, bringing revenue to US$132.8 million combined.
Encore Boston Harbor reported $65.4 million in slot and table games gross revenue.
MGM Springfield reported $22.2 million, while Plainridge Park Casino reported $12.8 million.
The MGC reported that $332 million was wagered on sports through in-person and online betting.
Of that amount, US$323.5 million was wagered online and US$8.5 million in casinos.
Approximately $32.2 million in taxable sports betting income (TSWR) was generated between the six licensed mobile/online operators and the three in-person licensees in the month of June.
The amount fell 27% compared to May, while gross revenue grew 46.8%.
To date, the Commonwealth has raised around $1.45 billion in taxes and dues since the respective openings of each location.
EBH, MGM and PPC are licensed as Category 1 Sportsbook Operators. As such, they can operate retail sportsbooks from their respective properties.
Therefore, category 1 operators are taxed at 15% of TSWR.
Barstool Sportsbook, BetMGM, Betr, Caesars Sportsbook, DraftKings, Fanatics Betting & Gaming, FanDuel and WynnBet are licensed operators for betting on Category 3 sporting events.
As such, these companies can promote mobile or online sports betting. In addition, Category 3 operators are taxed at 20% of the TWSR.
Share of tax revenue earned from sports betting in Massachusetts
Tax revenues are broken down as follows:
- 45% for the General Fund,
- 17.5% for the Workforce Investment Trust Fund,
- 27.5% for the Local Gaming Relief Fund,
- 1% to the Youth Development and Achievement Fund,
- 9% for the Public Health Fund.
So far, the Commonwealth has collected around $40 million in total taxes and contributions from licensed operators’ sports betting operations.
The amounts have been accounted for since face-to-face sports betting began on January 31 and online on March 10 of this year.
