Massachusetts pulled in $9.3 million in tax revenue from the six mobile sports betting operators licensed to offer bets, state gaming regulators announced Tuesday.
The Massachusetts Gaming Commission said more than $568 million in wagers were settled last month, which saw gamblers take on March Madness. That breaks down into nearly $20 million settled in-person at one of the state’s three casinos and $548 million on mobile applications.
The state only saw $47 million in taxable gaming revenue leading to $9.3 million in total tax collected for the month. A spokesperson for the Gaming Commission said the money collected by sportsbooks during a particular month is taxable by the state, not the total amount in wagers settled.
Boston-based DraftKings claimed the top spot among its competitors in how much it settled in wagers. The Gaming Commission said the company settled $257 million in wagers compared to second-place FanDuel, who settled $181 million.
BetMGM settled $45 million in wagers, Barstool Sportsbook settled $29 million, WynnBet settled $18 million and Caesars Sportsbook settled $16 million.
Significantly fewer wagers were settled at the state’s three casinos — Encore settled the most at $13 million, Plainridge Park Casino settled nearly $5 million, and MGM Springfield settled $1.6 million.
State law sets a 15% tax rate on in-person sports betting, 20% on mobile or digital betting and 15% on fantasy sports wagering.
Industry analysts have long predicted that mobile betting would become the main avenue for bettors to place wagers on sporting events in Massachusetts.
Mobile betting launched in early March, and in-person betting launched at the end of January.
