Massachusetts Sets New Monthly Sports Betting Record

• Massachusetts reports its most profitable month of sports betting since launching in 2023
• The Massachusetts Gaming Commission reported nearly $19 million in tax revenue for January
• DraftKings dominated January 2025 in the Commonwealth

Massachusetts sports betting started 2025 on an extraordinarily profitable foot.

The Massachusetts Gaming Commission reported more than $18.8 million in sports betting tax revenues for January, the most profitable month the commonwealth has ever had since its sports betting launch in 2023.

Massachusetts sports bettors wagered more than $762 million in the month.

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Massachusetts Sets New Monthly Revenue Record

The Massachusetts Gaming Commission reported $18,836,028 in total sports betting tax revenue for January, topping the previous record of $16.04 million in revenue set in November 2024.

The three retail sportsbooks and eight online sportsbooks generated approximately $94.37 million in taxable gaming revenue in January. Online sports betting accounted for the vast majority of taxable gaming revenue with $93,595,928.

The eight online sportsbooks reported a 12.7% hold rate for the month.

In total, Massachusetts sports bettors wagered $762,506,666 in January. Online sports betting apps accounted for the vast majority of the monthly handle, reporting $751,428,398 in total bets.

Between the online sports betting and retail sports betting operators, the total hold rate for January 2025 was 12.64%.

DraftKings Crushes January

DraftKings had a dominant January, remaining as the top operator in Massachusetts. The operator reported a whopping $377,140,693 in online sports betting handle and $51,776,862 in taxable online sports betting revenue. It reported a hold rate of nearly 14%, also tops in the state.

FanDuel had a solid month, totaling $217.2 million in online sports betting handle, coupled with nearly $28.8 million in taxable revenue.

Here are the online sports betting totals for the month of January:

• Bally Bet: $4,743,096 in online sports betting handle, $493,996 in taxable gaming revenue
• BetMGM: $63,170,229 in online sports betting handle, $5,456,706 in taxable gaming revenue
• Caesars Sportsbook: $23,045,921 in online sports betting handle, $1,220,301 in taxable gaming revenue
• DraftKings: $377,140,693 in online sports betting handle, $51,776,862 in taxable gaming revenue
• ESPN BET: $28,447,733 in online sports betting handle, $2,333,928 in taxable gaming revenue
• Fanatics Betting and Gaming: $37,755,300 in online sports betting handle, $3,511,218 in taxable gaming revenue
• FanDuel: $217,262,505 in online sports betting handle, $28,802,914 in taxable gaming revenue