House Bill 5164 was signed into law on August 10, 2022, by former Governor Charlie Baker, just 10 days after the Sports Betting Conference Committee agreed to introduce legal wagering in the Bay State.
Massachusetts sports betting revenue
Massachusetts sports betting began on Jan. 31, 2023, with retail betting and online betting beginning on March 10. The Bay State generated $8.4 billion in handle in 2025.
Massachusetts sportsbooks eclipsed $100 million in revenue for the first time in December.
Below is an outline of Massachusetts' sports betting figures:
Massachusetts annual data
| Year 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| 2025 | $8,481,146,000 | $861,816,000 | 10.2% |
| 2024 | $7,401,117,704 | $670,807,503 | 9.1% |
| 2023 | $4,965,975,601 | $483,059,490 | 9.7% |
Massachusetts 2025 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $762,643,747 | $96,372,000 | 12.6% |
| Feb | $628,170,780 | $67,108,766 | 10.7% |
| Mar | $772,454,574 | $54,246,757 | 7.0% |
| Apr | $690,255,200 | $67,625,682 | 9.8% |
| May | $655,788,462 | $82,749,453 | 12.6% |
| June | $532,726,538 | $63,455,206 | 11.9% |
| July | $489,496,835 | $49,227,738 | 10.1% |
| Aug | $545,299,398 | $57,135,250 | 10.5% |
| Sept | $789,355,000 | $53,866,000 | 6.8% |
| Oct | $879,578,000 | $72,864,000 | 8.2% |
| Nov | $901,792,000 | $96,078,000 | 10.6% |
| Dec | $833,586,000 | $101,088,000 | 12.1% |
Massachusetts 2024 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $651,747,269.22 | $72,718,240.59 | 11.2% |
| Feb | $542,480,675.79 | $53,860,585.74 | 9.9% |
| Mar | $654,933,311.80 | $47,840,192.95 | 7.3% |
| Apr | $603,253,751.13 | $50,593,501.74 | 8.4% |
| May | $587,262,702.84 | $59,002,616.09 | 10% |
| June | $509,356,529.22 | $42,261,185.96 | 8.3% |
| July | $411,791,698 | $42,235,948.75 | 10.3% |
| Aug | $447,318,475.51 | $34,496,636.17 | 7.7% |
| Sept | $678,747,446.53 | $75,354,989.12 | 11.1% |
| Oct | $748,070,048.83 | $50,321,644.17 | 6.7% |
| Nov | $777,814,799 | $82,600,000 | 10.6% |
| Dec | $788,340,995.76 | $59,418,826.73 | 7.5% |
Massachusetts 2023 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $488,746.90 | -$8,227.36 | -1.70% |
| Feb | $24,435,509.49 | $1,486,743.31 | 6.10% |
| Mar | $568,091,232.87 | $48,289,185.32 | 8.50% |
| Apr | $579,262,822.66 | $60,281,564.30 | 10.41% |
| May | $454,965,416.18 | $62,073,252.26 | 13.6% |
| June | $331,890,623.80 | $33,000,351.56 | 9.9% |
| July | $294,924,777.29 | $30,132,776.89 | 10.2% |
| Aug | $314,923,841.60 | $23,485,442.03 | 7.5% |
| Sept | $512,499,062.24 | $51,045,187.48 | 10.0% |
| Oct | $571,360,625.10 | $60,560,833.51 | 10.6% |
| Nov | $654,435,572.35 | $50,550,462.72 | 7.7% |
| Dec | $658,697,371.04 | $62,161,918.18 | 9.4% |
Massachusetts sports betting at a glance
- Launch date: January 2023
- Regulator: Massachusetts Gaming Commission (MGC)
- Latest reported month: September 2025
- Lifetime handle: $18,271,335,788
- Lifetime revenue: $1,746,890,278
- Last updated: December 24, 2025
Note: Massachusetts sports betting revenue is reported on a monthly basis. Figures reflect combined online and retail wagering unless otherwise specified by the regulator.
About sports betting revenue in Massachusetts
Massachusetts legalized sports betting in August 2022, with retail wagering launching in January 2023 and online/mobile sportsbooks officially going live in March 2023 under a regulatory framework overseen by the Massachusetts Gaming Commission.
The state’s model allows for both online/mobile betting and retail sportsbooks, with licenses issued to casinos, professional sports venues, and qualified mobile operators. While retail sportsbooks provide an in-person option at select locations, Massachusetts’ market has been driven primarily by mobile wagering since launch.
Each month, the Massachusetts Gaming Commission publishes official sports wagering reports detailing statewide handle, gross gaming revenue, and tax collections. These figures reflect combined online and retail activity and serve as the primary source for tracking the performance of the Massachusetts sports betting market.
Because Massachusetts operates under a tightly regulated framework with a limited number of licensed operators and a mobile-first wagering environment, its sports betting figures are best evaluated within the context of its own regulatory structure rather than through direct, one-to-one comparisons alone.
How to read revenue numbers
- Handle represents the total amount wagered by bettors during the month.
- Revenue reflects sportsbook winnings after payouts, before expenses.
- Hold is calculated as revenue divided by handle, expressed as a percentage.
Monthly revenue can fluctuate significantly due to seasonality, betting mix, and the outcomes of major sporting events.
Massachusetts sports teams to bet on
Eliminate any hometown bias by conducting relevant research on prospective bets. This is a great way to manage your bankroll and will help you to avoid blindly backing any team or player. Although no fights are scheduled to come to the Bay State anytime soon, the best UFC betting sites and top boxing betting sites allow you to easily browse the markets and back fighters you can cheer on as passionately as your hometown teams.
Review our how to bet guides for actionable intel aimed at new and intermediate bettors before confirming your picks with legal Massachusetts sportsbooks.
Betting insight into local Massachusetts sports teams for February 2026
Despite a rocky start to the MLB season, the Boston Red Sox have turned it around in July, posting a 13-5 record for the month. The recent hot streak has propelled the Red Sox firmly into the race for the American League east title, but great seasons from both the Yankees and Blue Jays still have Boston sitting at +2,000 odds to win the division. The Red Sox will need to continue their winning ways post-All-Star break to get into the 2025 MLB postseason.
Massachusetts sports betting law
Legal Massachusetts sports wagering was inevitable the moment outgoing Governor Charlie Baker signed H.5164 — otherwise known as the Massachusetts Sports Wagering Act — into law on Aug. 10, 2022. Here are the sports betting law's key takeaways:
- Up to 15 online sports betting licenses are available, including seven standalone licenses
- Casinos and racetracks are awarded sports betting licenses
- Depositing funds into sportsbook accounts via credit card is prohibited
- Online sportsbooks pay a 20% tax on revenue, while retail sportsbooks are taxed at a 15% rate
- Betting on in-state college teams is not allowed unless it is during a big event (such as March Madness)
- The legal age to gamble on sports is 21
- Wagering on esports, the Olympics, cornhole, chess, jai alai, and sporting events overseen by Belarusian or Russian governing bodies is prohibited
Prior to the introduction of the Massachusetts Sports Wagering Act, bills aiming to legalize sports betting had difficulty gaining any traction in the state legislature. Despite the repeal of the Professional and Amateur Sports Protection Act (PASPA) in May 2018, apprehension over college sports and problem gambling prevented numerous attempts at legitimizing the practice.
Although the law does not stipulate a specific go-live date for either retail or online sports betting, the former launched on Jan. 31, 2023, while the latter went live on March 10, 2023.
Covers and credibility
We have had our finger on the pulse of the sports betting industry for more than 25 years. The sports betting revenue figures and statistics found here have been personally reviewed, verified, and fact-checked to ensure their validity.
News outlets turn to Covers for our earned reputation as a trusted and authoritative source of sports betting information. These are among the notable publications and media outlets that have referenced Covers.com and our industry experts.
More industry resources
As states continue to authorize legal sports betting — now 38 states plus DC, consult these informational websites for additional information on the sports betting industry:
- American Gaming Association (AGA): Organization dedicated to advancing the gambling industry's interests by promoting, educating, and advocating for responsible gambling.
- Professional and Amateur Sports Protection Act (PASPA): Supreme Court of the United States ruling.
- National Council on Problem Gambling: Those seeking help for a gambling problem can call 1-800-GAMBLER toll-free, 24/7.
Related sports betting revenue coverage
U.S. Sports Betting Revenue Tracker
Monthly Sports Betting Revenue by State: Arizona | Arkansas | Colorado | Connecticut | DC | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Missouri | Nevada | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Rhode Island | Tennessee | Vermont | Virginia | West Virginia | Wyoming
Sports betting revenue tracker FAQ
The sports that generate the most sports betting revenue can vary depending on factors such as the sport's popularity, the betting market's size, and the timing and frequency of significant events. Football stands as the most popular sport for betting in the United States, with the NFL generating the highest revenue. The Super Bowl alone is one of the world's most-watched and bet-on sporting events. Basketball is also a popular sport for betting, particularly in the United States where the NBA lays claim to the top basketball league in the world.
Sports betting revenue varies greatly depending on the region, market, and size of the industry. However, in many jurisdictions, sports betting can generate significant revenue and contribute to the overall economy. Compared to other industries, sports betting revenue may not be as significant. For example, in 2020, the global video game industry was estimated to generate over $159 billion in revenue. Meanwhile, the global film industry was estimated to generate over $100 billion in revenue in 2020.
The popularity of select sports events cannot be overlooked, with the Super Bowl and World Cup among the largest betting events in the globe. Betting odds and lines also greatly impact the amount of revenue generated by sports betting. Other factors include technological advancements, including the live streaming of events.
The future of sports betting revenue hinges on additional markets legalizing sports betting, via mobile betting, land-based, or a combination of both. An uptick in legal U.S. markets will trigger increased revenues, while new bet trends including same game parlays and in-game wagering, unlocks more opportunities for customers.
Online sports betting has significantly impacted sports betting revenue, notably in states where it is legal and regulated. The rise of online sports betting has facilitated the customer experience, allowing people to place bets remotely or in-person from the event itself, leading to increased revenue for sportsbooks. Betting site operators can also reach a much larger audience and customer-base. Overall customer convenience plays a large part in driving up sports betting revenue.
Gross revenue represents the total amount of money a sportsbook takes in from all customer bets, and it includes the total value of all bets placed, regardless of whether the bets won or lost. In other words, gross revenue is the total amount of money a sportsbook earns from its customers. Net revenue, conversely, is the amount of money a sportsbook earns after deducting all its operating expenses. This includes things like salaries, rent, marketing expenses, and other costs associated with running the sportsbook. Net revenue is the profit a sportsbook makes from its operations.
Major sports events including the Super Bowl and World Cup have a significant impact on sports betting revenue. These events garner a lot of attention from fans, which leads to increased betting activity and higher revenue for sportsbooks. The Super Bowl alone is the largest single-day betting event on the sporting calendar, which generates millions of dollars in revenue for sportsbooks.
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