- Massachusetts set a monthly sports betting handle record with $654.4 million wagered in November.
- November’s handle marked a 14.4% increase from October, which previously held the record for the highest monthly handle.
- DraftKings received more than half of the record-setting online sports betting handle.
BOSTON – Massachusetts sports betting continues to rise with a record-setting November handle of $654.4 million. November’s impressive handle is $82.6 million more than last month, which was the former record holder for the highest monthly sports betting handle.
Massachusetts’ legal sports betting revenue report for November shows continued growth of the Bay State market. November’s handle showed a 14.4% month-to-month increase from October.
Massachusetts earned $9.7 million in sports betting taxes for November. Since launching in March this year, legal Massachusetts sports betting recorded $410.6 million in taxable revenue from a roughly $4.2 billion lifetime handle.
ESPN BET Off To Successful Start In Massachusetts
ESPN BET received $39 million in handle for November, narrowly edging out BetMGM for the third-highest handle by operator. Penn Entertainment’s newest sports betting endeavor held 6.1% of the market share and earned $5.7 million in taxable gaming revenue for the month.
This wasn’t the case for Massachusetts’ record-setting October, which saw ESPN BET taking the fifth-most bets and BetMGM well ahead as the third-place sportsbook. ESPN BET promotions and a highly-anticipated launch played a role in their successful November, but the Massachusetts Gaming Commission revenue reports for December will show a more accurate representation of their market share.
DraftKings Continues Dominance Over FanDuel In Massachusetts
DraftKings led all legal online sportsbooks for November, receiving more than 50% of Massachusetts wagers for the month. DraftKings received $319.99 million, resulting in $26.4 million in taxable gaming revenue.
The Boston-based operator continued their dominance over FanDuel in Massachusetts. FanDuel received $181.5 million and earned $12.1 million in November sports betting revenue.
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Zach graduated from Florida State University with a degree in Writing, Editing, and Media. Zach is interested in the legalization aspect of sports betting and enjoys participating in DFS. He has a passion for sports writing and most enjoys writing about football and baseball both professional and collegiate.