The Massachusetts Gaming Commission reported $42.3m in gross sports betting revenue for June 2024, while handle reached $509.4m, up 53.4% year on year. Operators’ winnings increased 28.1% from June 2023; the state was eligible to tax $40.5m in adjusted gross revenue, generating $8.2m in tax receipts.
The monthly figures inform operators and investors about Massachusetts betting activity, revenue and tax contributions.
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Sportsbooks in about 20 US states reported $6.8bn in wagers and $468.4m in revenue for June, according to the figures cited in the report. New Jersey's attorney general's office attributed revenue declines to player winnings on NBA Finals and FIFA World Cup games; Connecticut's sports betting revenue fell 57.46% year on year.
North Carolina’s sports betting market generated $14.4 million in tax payments in January, according to figures attributed to the North Carolina State Lottery Commission. The report said this was the fifth consecutive month with tax payments above $12 million and that the state levies an 18% tax on gross wagering revenue.
New York online sportsbooks reportedly generated $247 million in revenue in January, on nearly $2.5 billion in wagers, according to figures released by the New York Gaming Commission. FanDuel led with $111.3 million in revenue, while DraftKings recorded $82 million.
Wyoming's online sportsbooks generated $1.5 million in revenue from $9.7 million in betting handle in July, according to figures attributed to the Wyoming Gaming Commission. Revenue rose more than 50% year on year; DraftKings led with $865,345 in revenue and $5.2 million in handle.
Maryland’s 10 retail and eight mobile sportsbooks generated $2,796,880 in state contributions in February 2023, according to Maryland Lottery and Gaming. Combined wagering handle was $339,421,546, and the contribution came from a 15% tax on taxable winnings; mobile sportsbooks accounted for $2,698,767.