Online Sports Betting Soars in Massachusetts March Report
Key Highlights
In March 2025, Massachusetts recorded a total gross gaming revenue of USD 157.2 million. While the overall figure remained nearly unchanged compared to the previous year (down 0.1%), the data reveals significant differences between casino and sports betting revenues. The online segment, in particular, experienced strong growth.
Decline in Casino Revenues
Land-based casinos in Massachusetts generated USD 105.1 million in revenues in March 2025. This represents a 5.4% decrease compared to March 2024. The largest share came from Encore Boston Harbor with over USD 63 million, including approximately USD 40 million from slot machines. MGM Springfield reported USD 25.5 million, while Plainridge Park Casino reached USD 16.5 million.
Revenues from slot machines totalled USD 76.6 million across the state. Table games contributed an additional USD 28.5 million.
Significant Growth in Sports Betting
In contrast to casinos, sports betting saw a notable increase. Revenues rose by 12.7% year-over-year to USD 52.1 million. Nearly the entire amount – around USD 51.9 million – came from online bets. The total handle in the sports betting sector was USD 772.5 million. The average hold rate for operators was 7.02%.
Online Sportsbooks Dominate the Market
DraftKings was the leading provider in Massachusetts in March. With a betting handle of USD 375.2 million, the company generated USD 28.4 million in gross gaming revenue. FanDuel followed with USD 208.4 million in handle and USD 13.8 million in revenue.
Other providers at a glance:
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- BetMGM: USD 72.1 million handle, USD 4.1 million revenue
- Fanatics: USD 48.3 million handle, USD 2.1 million revenue
- Caesars: USD 1.7 million revenue
- ESPN Bet: USD 1.5 million revenue
Retail Sports Betting Has a Small Share
Compared to online betting, the share of retail sports betting was small. Encore Boston Harbor recorded USD 5.6 million in wagers, Plainridge Park Casino USD 3.3 million, and MGM Springfield USD 1.6 million.
Our Assessment
The latest figures from Massachusetts reveal a clear trend: while revenues from traditional casino offerings are slightly declining, the online sports betting market continues to grow. Providers like DraftKings and FanDuel are particularly benefiting from this trend. For players, this means more choice and a wider range of digital offerings. Those interested in online betting will find Massachusetts an increasingly attractive environment.
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