Sports betting records don’t stand long in the Bay State.
Main points
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Massachusetts sportsbooks have set new betting records for the third straight month.
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Total operator revenue exceeded January levels.
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DraftKings and FanDuel posted record profits.
The Massachusetts Gaming Commission (MGC) recently reported that Bay State bettors placed $914.7 million in bets, surpassing the all-time high of $892.2 million set in October.
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This is the third consecutive month of record-setting sales in Massachusetts, with a year-over-year increase of 17.6%, showing the strength of the NFL season and the growth of the market.
Online and retail sportsbooks also set a record for total revenue of $97.3 million, surpassing January’s all-time high of $96.4 million. Profits were up nearly 18% from the same month in 2024.
fill the coffers
The ownership ratio in November was 10.6%, unchanged from the same month last year. The latest win rate is the seventh double-digit win rate in 2025 and the first time it has exceeded 10% since August.
Taxable revenue from mobile sports betting was $901.8 million, of which taxable revenue was $93.9 million. The Bay State’s three retail sportsbooks generated $12.9 million in wagering volume and $1.1 million in taxable revenue.
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That resulted in Massachusetts injecting $18.9 million into state coffers in November, bringing the five-month fiscal year total to more than $64 million.
DraftKings, FanDuel hit new highs
|
online operator |
November handle |
income |
|---|---|---|
|
Draft king |
$475.8 million |
$48.1 million |
|
fan duel |
$235.4 million |
$31.7 million |
|
Fanatical Sports Betting |
$65.8 million |
$5.1 million |
|
Bette MGM |
$62.1 million |
$6.8 million |
|
caesar |
$28.9 million |
$1.9 million |
|
ESPN betting |
$27.9 million |
$2.1 million |
Three online sportsbooks in Massachusetts all had double-digit win percentages in November. Two of them are market-leading operators, DraftKings and FanDuel, bringing in huge profits.
DraftKings followed the Bay State’s November theme, setting a new record with $48.1 million in total revenue of $475.8 million, the third consecutive month above $400 million and a 10.1% share.
FanDuel won $235.4 million in prizes with a 13.5% win rate, resulting in the operator’s best-ever total revenue of $31.7 million. BetMGM’s impressive 10.9% holding generated profits of $6.8 million, putting the online operator ahead of Fanatics despite making $3.7 million less.
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Fanatics is the only operator with a total revenue of $5 million, accounting for 7.8%. PENN Entertainment-owned ESPN BET, which transitioned to theScore Bet on Dec. 1, generated $2.1 million in revenue from an account of $27.8 million in its final month of ownership through a 7.7% stake.
This amount was second only to Caesars Casino, which won back 6.5% of $28.9 million in bets. Bally Bet had $5.9 million in bets in November, with a win rate of 6.3%.
First case in Massachusetts, USA
The Bay State is trying to become the first U.S. state to legalize sports betting, taking steps to force sportsbooks to tell customers why their bets are limited. The MGC held a meeting last week and unanimously approved both options, which are now open for public comment.
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After years of interest and research on the subject of betting limits, the regulator is expected to adopt the rules, with possible changes, after listening to consumer input.
This article was originally published on Covers.com, read the full article here
