Massachusetts Hits Record $654 Million Sports Betting Handle in November is an independent sports news and information service. has partnerships with some of the top legal and licensed sportsbook companies in the US. Gaming Today may receive referral compensation from the sportsbook company when you claim a bonus offer or promotion through a link on this site. Although the relationships we have with sportsbook companies may influence the order in which we place companies on the site, all reviews, recommendations, and opinions are wholly our own. They are the recommendations from our authors and contributors who are avid sports fans themselves.

For more information, please read How We Rate Sportsbooks, Privacy Policy, or Contact Us with any concerns you may have.

Gaming Today is licensed and regulated to operate in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MS, NJ, NV, NY, OH, ON, PA, TN, VA, VT, WV, and WY.

In November, sports bettors in the Bay State demonstrated an impressive surge in their engagement, collectively contributing a substantial $654.4 million toward sports wagering activities. This figure marked an uptick in the state’s betting handle, displaying a remarkable 14.5% increase compared to the reported betting activity in October.

November’s monthly sports betting handle has set a record, surpassing the previous high of $579.3 million (April 2023) by 13%. This new high follows closely behind October’s impressive betting volume of $571.8 million, which was the second-highest handle in the state’s history, standing merely 1.3% below the peak achieved in April.

The Massachusetts Gaming Commission‘s financial report revealed a significant contrast in contributions to the betting handle between online sportsbooks and the limited presence of three retail locations in the state — Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino. According to the report, online sportsbooks contributed a substantial $636.7 million to the betting handle. In contrast, the retail trio collectively accounted for lower contributions, adding $17.6 million to the state’s betting activity.

Massachusetts Suffers a Decrease in Gaming Revenue

Despite the surge in Massachusetts sports betting handle marking a new high in November, the state faced a considerable 16.5% decline in revenue compared to the previous month. While operators experienced a significant increase in betting activity, collectively amassing a higher handle, the total gross gaming revenue contracted to $50.6 million.

This shift signifies an overall hold of 7.72%, a decrease from the previous month’s 10.5%. The revenue downturn amounted to $8.5 million lower than the October figures.

Online sportsbooks took center stage as the primary revenue drivers, amassing $50.1 million with a hold percentage of 7.87%. This marked a noticeable shift from the 10.7% hold recorded in October. Meanwhile, retail sportsbooks operated at a reduced hold of 2.35% from the previous 6.3%, with combined earnings amounting to $414,509.

The state generated $48.9 million in taxable revenue from operations encompassing both online and retail sportsbooks. Online operators contributed significantly to this figure, generating $48.6 million in taxable revenue, a portion of which amounted to $9.7 million in collected taxes. Retail operators, on the other hand, generated a comparatively smaller taxable revenue of $370,189, resulting in $55,528 in taxes.

DraftKings Leads the Month with $320 Million Handle

In November, MA-based DraftKings emerged as a dominant force, contributing almost half of the betting activity with a staggering $320 million in wagers. This positioned DraftKings significantly ahead, outpacing the second-place contender by over $100 million. They also reported an adjusted gaming revenue of $26.4 million with a hold of 8.5%.

FanDuel witnessed an influx of user bets totaling $181.5 million during the month, yielding an AGR of $12.1 million with a hold of 6.92%. Meanwhile, ESPN Bet secured a handle of $39.1 million, generating a taxable revenue of $5.7 million. Penn Entertainment’s sportsbook emerged as the leader in hold percentage, boasting an impressive 14.86%.

BetMGM demonstrated strong engagement with a total wager volume reaching $38.9 million. However, the revenue was significantly lower at $3.0 million. Caesar Sportsbook saw a handle of $27.4 million, yet recorded the lowest revenue hold at 1.47%, resulting in a revenue of $335,536.

About the Author
Tebearau Egbe

Tebearau Egbe

Tebearau Egbe is a seasoned gambling writer with over four years of experience. Armed with a Masters degree in philosophy, Egbe possesses a unique ability to dissect complex industry developments, distilling them into insightful narratives that captivate readers.

Get connected with us on Social Media