Massachusetts sports betting operators generated nearly 10% fewer dollars wagered in June compared to the same month in 2024, but revenue skyrocketed behind a double-digit hold.
Key Takeaways
- The Bay State’s operators enjoyed a nearly 50% year-over-year gross revenue spike in June
- Massachusetts sportsbooks did much better during the NBA playoff months in 2025 than in 2024
- DraftKings and FanDuel both produced win rates over 12%
The Massachusetts Gaming Commission reported a $532.7 million monthly handle, down from the $590.3 million bet in June 2024. The latest handle is also the first under $600 million since August 2024.
In a month highlighted by the NBA Finals and heavy MLB volume, Massachusetts operators turned a nice profit, hauling in $63.4 million in gross revenue, a 49.9% year-over-year increase, from an 11.6% hold. Bay State sportsbooks have made at least $60 million in five of the last six months.
Operators’ $62 million in taxable revenue led to a $12.4 million payout to Massachusetts in June, pushing the year-to-date tax total to over $80 million.
Playoff success
June completed an impressive run by sports betting operators during months containing the NBA playoffs. Sportsbooks produced $208.8 million in gross revenue from April through June, a 37.5% increase from the same three-month span in 2024, from just a slight uptick in handle.
The NBA likely had a lot to do with that success against bettors. Multiple operators reported strong results in April and May when underdogs were performing better than favorites. In Massachusetts, the average hold during those three months was 11.4%, up from the 8.9% produced in 2024.
DraftKings, FanDuel hammer bettors
| Online Operator | June Handle | Revenue |
|---|---|---|
| DraftKings | $266.1 million | $32.1 million |
| FanDuel | $138.9 million | $17.8 million |
| BetMGM | $45.8 million | $5.3 million |
| Fanatics Sportsbook | $37.8 million | $4.7 million |
| Caesars | $17.6 million | $1.3 million |
| ESPN BET | $15.2 million | $1.5 million |
Online sports betting in Massachusetts accounted for $525.5 million of the total handle in June. The seven mobile sportsbooks brought in all but $604,980 of the gross revenue as four operators produced double-digit holds.
DraftKings led all operators with a $266.1 million handle, down from $330.8 million generated in May. However, a 12% hold produced $32.1 million in gross revenue. FanDuel’s 12.8% win rate was the highest among all operators in June and led to $17.8 million from a $138.9 million handle.
BetMGM held down its spot at third with a $45.8 million handle and made $5.3 million, more than in May, thanks to an 11.5% hold. Fanatics Sportsbook was fourth with $37.8 million in wagers, and it produced the second-highest win rate at 12.4%.
Caesars had the second-lowest hold (7.2%) on the fifth-best handle, hauling in just $1.3 million. ESPN BET nearly had a win rate in double digits, producing $1.5 million in revenue from a $15.2 million handle. Bally Bet failed to get above 6% in winnings from bettors on a nearly $4 million handle.
Major retail operator struggles
Encore Boston Harbor accounted for $3.9 million of the total $7.2 million retail handle, but the in-person operator got crushed, producing just $181,000 in gross revenue as bettors kept the win rate below 5%.
MGM Springfield, however, enjoyed a 16.8% hold on a $1 million handle, while Plainridge Park led all three operators with nearly $250,000 of profit in June.
