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Massachusetts’ sports betting handle grows, revenue falls in October

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Sports Game

2024-11-21

Massachusetts’ sports betting handle grows, revenue falls in October

The Massachusetts Gaming Commission announced that the Bay State accepted $748 million in wagers last month, a 10.2% increase.

The jump in action did not translate to better revenue, however. After reporting more than $73 million in revenue in September, October brought in just $48.3 million.

That means that state’s tax bill from sports wagering fell from $14.6 million to $9.6 million.

Following an industry-friendly 11% hold in September, when the NFL season kicked off, bettors became more acclimated, and October’s hold came in at a much lower 6.8%.

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