Massachusetts sportsbooks saw a 24.6% bump in gross gaming revenue last month compared with February 2024, but handle slipped to its lowest total in eight months.
In its latest monthly figure, the Massachusetts Gaming Commission (MGC) reported that the Bay State’s seven online sports betting operators and three retail sportsbooks handled $628.2 million in bets during Super Bowl month, a 15.8% rise from February 2024. Some $618.6 million of that came from online wagering.
That was the sixth straight month of more than $600 million in customer spending on sports betting. However, February’s total was the lowest since last July.
The Philadelphia Eagles’ win over the favored Kansas City Chiefs was a boost for operators, who saw their February GGR climb to $67.1 million. Last year, when the Chiefs won the Big Game, sportsbooks took $53.9 million.
While the yearly growth is healthy, month-over-month, the numbers were down from what was a record January for Massachusetts sports betting. In the first month of 2025, a 12.6% hold yielded an all-time record of $96.4 million in sports betting revenue. That fell 30% to February. Handle was down 17.6% month-over-month.
February’s sports betting results yielded more than $13.1 million in tax revenue for the Commonwealth.
DraftKings a behemoth in its home state
Boston-headquartered DraftKings cannot be stopped in its home state. The clear state market leader by some distance posted $36 million in revenue from $317 million in handle, equating to an 11.36% hold. It has now taken $300 million or more in bets in Massachusetts in each of the last six months.
Those totals are nearly double that of its rival, FanDuel. The Flutter-owned brand took $167.2 million in bets and reported $19.2 million in GGR. BetMGM rounded out the podium with $4.7 million from $54.6 million.
Fanatics appears to have locked down fourth in the market, breaking the $3 million revenue barrier from slightly more than $33 million in bets. ESPN Bet was the only other online operator to hit seven figures in revenue, taking $1.5 million from $22 million for a comparatively low hold of 6%.
ESPN Bet’s handle was only slightly ahead of Caesars‘ $21.1 million, but its revenue slice was $1 million higher than the latter’s $639,848.
