Sports betting handle records aren’t standing long in the Bay State.
Key Takeaways
- Massachusetts sports betting has set new handle records in three consecutive months.
- Operators surpassed January’s previous mark for gross revenue.
- DraftKings and FanDuel report new all-time profit highs.
The Massachusetts Gaming Commission (MGC) recently reported that Bay State bettors wagered $914.7 million, surpassing the previous high of $892.2 million set in October.
It’s the third consecutive month that Massachusetts has set a record handle, and it was a 17.6% year-over-year increase, showing the strength of the NFL season and growth in the market.
Online and retail sportsbooks also set a record after they generated $97.3 million in gross revenue, eclipsing January’s $96.4 million for the all-time high. Profits were nearly 18% higher than the same month in 2024.
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Filling coffers
November’s 10.6% hold equaled the same month last year. The latest win rate was the seventh double-digit hold win of 2025 and the first over 10% since August.
Mobile sportsbooks accounted for $93.9 million in taxable revenue from a $901.8-million handle. The Bay State’s three retail sportsbooks generated $12.9 million in wagers and $1.1 million in taxable revenue.
That led to Massachusetts filling its coffers with $18.9 million in November, running the five-month fiscal-year tax revenue total to over $64 million.
DraftKings, FanDuel set new highs
| Online Operator | November Handle | Revenue |
|---|---|---|
| DraftKings | $475.8 million | $48.1 million |
| FanDuel | $235.4 million | $31.7 million |
| Fanatics Sportsbook | $65.8 million | $5.1 million |
| BetMGM | $62.1 million | $6.8 million |
| Caesars | $28.9 million | $1.9 million |
| ESPN BET | $27.9 million | $2.1 million |
Three Massachusetts online sportsbooks reported double-digit win rates in November. Two of them were the market’s leading operators, DraftKings and FanDuel, fueling massive profits.
DraftKings followed the Bay State’s November theme, setting new records with $48.1 million in gross revenue from a $475.8-million handle, surpassing $400 million for the third consecutive month, from a 10.1% hold.
FanDuel’s 13.5% win rate on a $235.4-million handle led to the operator’s best-ever $31.7 million in gross revenue. BetMGM’s impressive 10.9% hold produced $6.8 million in profits, pushing the online operator ahead of Fanatics despite generating $3.7 million less in handle.
Fanatics was the only other operator to reach $5 million in gross revenue, which came on a respectable 7.8% hold. In its final month as ESPN BET, the PENN Entertainment-owned brand, which shifted to theScore Bet on Dec. 1, used a 7.7% hold to produce $2.1 million in revenue from a $27.8-million handle.
That amount wagered was just behind Caesars, which won back 6.5% of a $28.9-million handle. Bally Bet produced a 6.3% win rate on $5.9 million in wagers during November.
A U.S. first in Massachusetts
The Bay State is attempting to become the first U.S. state with legal sports betting to implement measures that force sportsbooks to inform customers why their bets are being capped. The MGC held a meeting last week and unanimously passed two options, which now go before the public for comment.
After listening to consumers, the regulatory body expects to adopt the rules, with potential changes, after multiple years of interest and research on the topic of betting limits.
