Massachusetts Sports Betting Revenue Dips in June

BOSTON — Massachusetts recorded its lowest monthly sports betting revenue and handle of 2025 in June, according to data released by the Massachusetts Gaming Commission. While the downturn marked a sharp decline from May, the state still reported strong year-over-year growth, signaling continued expansion in the legal wagering market.

Total sports betting revenue across both online and retail channels amounted to $62.1 million in June. This represented a 23.1% decrease compared to May but was still 53.3% higher than the $40.5 million recorded in June 2024. The last time Massachusetts posted lower revenue figures was in December 2024, when total revenue came in at $57.5 million.

The online segment continued to dominate the industry, contributing $61.6 million of the monthly total. Retail sportsbooks, operating through land-based casinos, generated $474,426. Despite the slowdown in June, the broader trend shows the online market holding firm as the main driver of sports betting activity in the state.

Sports betting handle — the total amount wagered by customers — also dipped to $532.7 million, the lowest monthly figure since August 2024. This marked an 18.8% drop from May’s handle, although it still showed a 4.6% increase year-over-year. The monthly hold, or the percentage of total wagers retained by sportsbooks as revenue, was 11.66% in June, indicating strong margin performance despite lower overall activity.

 

DraftKings Extends Market Lead in Massachusetts

DraftKings maintained its position as the leading online sportsbook operator in Massachusetts. The Boston-based company reported $31.4 million in revenue from $266.1 million in wagers, achieving a hold of 11.80%. Its continued dominance reflects both brand recognition and user loyalty within the state.

FanDuel remained DraftKings’ closest competitor, generating $17.4 million in revenue from a $139 million handle. Interestingly, FanDuel posted a higher hold rate at 12.52%, suggesting greater profitability relative to bets placed. The two companies together accounted for nearly 80% of online betting revenue in June.

Other notable performers included BetMGM with $5.2 million in revenue off $45.8 million in bets (11.35% hold), Fanatics with $4.6 million from $37.8 million (12.17% hold), and ESPN Bet with $1.5 million from $15.2 million, achieving the highest hold rate at 15.2%. Caesars generated $1.2 million from a $17.6 million handle (8.52% hold), while Bally Bet remained at the bottom of the list with just $227,277 in revenue from $4 million in wagers (5.71% hold).

 

Retail Sportsbooks See Modest Performance

In the retail betting segment, Plainridge Park Casino led the market, taking in $243,665 in revenue from a $2.3 million handle — a hold rate of 10.49%. Encore Boston Harbor followed with $171,393 from $3.9 million in wagers, but posted a much lower hold of 4.42%. MGM Springfield rounded out the group with $59,369 from a $1 million handle (5.72% hold).

While retail sportsbooks continue to contribute to the overall betting ecosystem, their share of the market remains small compared to online operators. Performance at land-based venues can also be influenced by foot traffic and seasonal tourism trends, which typically slow in early summer.

Outside of sports betting, land-based casino gaming remained a strong revenue stream for Massachusetts. In June, the state’s three casinos generated a combined $97.7 million in gross gaming revenue. Slot machines brought in $68.4 million, while table games contributed $29.3 million to the total. Encore Boston Harbor continued to lead among casino operators, reporting $60.2 million in revenue. MGM Springfield followed with $22.8 million, and Plainridge Park Casino reported $14.6 million. These figures highlight the enduring strength of the state’s casino sector, even as sports betting gains greater market share.

Massachusetts collected $40.3 million in total gambling-related tax revenue in June. Of that, $12.4 million came from sports betting activities — both online and retail — while the remaining $27.9 million was generated from traditional casino gaming. The continued tax inflow underscores the importance of legal gambling as a stable source of public funding for state programs and infrastructure.

 

Seasonal slowdowns are expected, but the year-over-year growth shows Massachusetts’ sports betting market is still gaining strength.

 

Looking Ahead

While June marked a temporary slowdown in sports betting activity across Massachusetts, industry analysts attribute the dip largely to seasonal factors. With major sports leagues like the NFL and NBA in their offseasons, betting volume typically softens during the summer months. Still, the year-over-year growth signals long-term health for the market.

With the NFL preseason and college football on the horizon, operators are expected to ramp up promotions and customer acquisition efforts heading into the fall. DraftKings, in particular, will look to consolidate its lead, while competitors like FanDuel, BetMGM, and ESPN Bet seek to chip away at its market share.