DraftKings again was master of the sports wagering domain in its home state of Massachusetts in October, setting all-time monthly highs for revenue and handle, according to figures released by the Massachusetts Gaming Commission.
The mobile juggernaut became the first operator to clear $300 million in monthly handle in the Bay State and topped $30 million in gross revenue for the second time. DraftKings accepted $304.8 million worth of wagers in October, a 5% improvement on its short-lived record of $290.1 million in September.
Unlike the previous month, DraftKings was able to notch a double-digit hold at 11.2%, resulting in $34.3 million in revenue. That easily outdistanced its previous best of $30.6 million in May, when it had an all-time high hold of 13.9%
The state’s overall handle was $571.8 million, second-most in eight months of mobile wagering and within $7.5 million of the all-time best of $579.3 million established in April. Total operator gross revenue was $60.5 million, resulting in a 10.6% win rate and serving as runner-up to the $62.1 million generated in May. It also marked the third time revenue surpassed $60 million.