{"id":262,"date":"2024-06-27T13:23:03","date_gmt":"2024-06-27T10:23:03","guid":{"rendered":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/"},"modified":"2024-06-27T13:23:03","modified_gmt":"2024-06-27T10:23:03","slug":"massachusetts-sports-betting-revenue-dips-despite-wagering-increase","status":"publish","type":"post","link":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/","title":{"rendered":"Massachusetts Sports Betting Revenue Dips Despite Wagering Increase"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/_0DIIOD9yqg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Bay State&#8217;s gambling earnings have taken a dip despite a rise in wagering activity in August.<\/p>\n<p>Massachusetts sports betting activity hit $314.9 million in August, a 6.8% jump from July, but the state&#8217;s income from this activity took a downturn.<\/p>\n<p>This figure surpasses the $294.9 million recorded in July, which marked the lowest total for Massachusetts since legal betting began in April.<\/p>\n<p>Approximately $307.2 million was wagered online, representing a 6.6% increase from July. Physical betting locations in August also saw a 13.2% increase, reaching $7.7 million.<\/p>\n<p>Despite the month-to-month rise in wagering activity, sports betting revenue couldn&#8217;t mirror this trend. Total revenue in August amounted to $22.7 million, a 22.8% decrease from the $29.4 million generated in July.<\/p>\n<p>Of this total, $22.6 million originated from online betting, down 21.5% from July. Revenue from physical betting locations was a mere $157,782, a significant 72.6% decline.<\/p>\n<p>DraftKings remains the frontrunner, capturing $161.9 million in wagering activity and generating $10.8 million in revenue in August.<\/p>\n<p>FanDuel secured second place once again, with $79.4 million in wagering activity and $7.4 million in revenue, followed by BetMGM, which recorded $2.4 million in revenue and $21.2 million in wagering activity.<\/p>\n<p>In the land-based market, Plainridge Park Casino topped the list with $150,773 in revenue from $2.8 million in wagering activity. MGM Springfield also generated $64,934 in revenue from $912,651 in wagering activity. <\/p>\n<p>Although Encore Boston Harbor saw the highest retail sales, hitting a remarkable $4 million, they experienced a significant loss of $57,925 from sports wagering.<\/p>\n<p>Casino income saw a slight decline in August.<\/p>\n<p>In the realm of physical casino operations, the combined revenue from table games and slot machines experienced a decrease of 0.7%, settling at $97.9 million.<\/p>\n<p>Physical slot machine earnings reached $67.5 million, remaining consistent with July&#8217;s figures. Table game revenue reached $30.4 million, showing a 2.6% decrease from the previous month.<\/p>\n<p>The combined revenue from sports betting and casino operations reached $120.6 million in August, marking a 5.9% decline from the previous month&#8217;s $128.1 million. The state collected $4.5 million in taxes from sports betting and $27.6 million in taxes from land-based casinos.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bay State&#8217;s gambling earnings have taken a dip despite a rise in wagering activity in August. Massachusetts sports betting activity hit $314.9 million in August, a 6.8% jump from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MA Sports Betting: Wagers Up, Earnings Down<\/title>\n<meta name=\"description\" content=\"Massachusetts sports betting saw a surge in August, but state revenue took a hit despite the increased wagering activity.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Massachusetts Sports Betting Revenue Dips Despite Wagering Increase\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Massachusetts sports betting saw a surge in August, but state revenue took a hit despite the increased wagering activity.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Source for Trusted Casino News &amp; Licensed Gaming Experience\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T10:23:03+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/\",\"url\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/\",\"name\":\"MA Sports Betting: Wagers Up, Earnings Down\",\"isPartOf\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T10:23:03+00:00\",\"dateModified\":\"2024-06-27T10:23:03+00:00\",\"author\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Massachusetts sports betting saw a surge in August, but state revenue took a hit despite the increased wagering activity.\",\"breadcrumb\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/massachusetts-sports-betting-revenue-dips-despite-wagering-increase\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/spindimensionnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Massachusetts Sports Betting Revenue Dips Despite Wagering Increase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#website\",\"url\":\"https:\/\/spindimensionnodepositbonus.icu\/\",\"name\":\"Your Source for Trusted Casino News &amp; Licensed Gaming Experience\",\"description\":\"Indulge in the excitement of licensed online gambling with the help of our up-to-date casino news, comprehensive reviews, and expert articles. 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