The Massachusetts Gaming Commission reported Bay State sportsbooks combined for a 10.3% hold in July on Thursday as handle soared nearly 40% to $411.8 million.
The three retail and seven mobile operators collectively claimed $42.2 million in gross sports betting revenue, which was up just over 40% compared to July 2023. The win rate was nearly two full percentage points higher than June, which meant gross revenue was practically flat month over month.
The state was able to tax $41.2 million in adjusted gross revenue, which re-directed close to $8.2 million into Massachusetts coffers. While not an exact like-for-like comparison because mobile wagering was not available until March of last year, the $71.7 million in tax receipts for the first seven months of 2024 is $25.9 million more than the same span in 2023.
Four Mobile Operators Attain Double-Digit Holds
Running Top 10 July #SportsBetting handles by state: