Fanatics Completes First Full MA Sports Betting Month

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MA sports betting

Fanatics accepted $1.9 million in bets during June, its first whole month of online MA sports betting. The total accounted for less than 1% of all monthly handle in the state.

The company is still beta testing its Massachusetts sports betting app, which launched before the end of May.

Fanatics, which recently agreed to a $225 million offer to purchase the US assets of PointsBet, continues to test its app in Maryland, Ohio, and Tennessee.

Only existing company retail customers can access the Fanatics sports betting app.

June MA sports betting numbers

DraftKings Sportsbook, the Massachusetts-based bookmaker, took nearly half of all MA sports betting dollars in June. Last month, it handled $156.8 million, or 48%, of the $327.3 million total Massachusetts sports betting handle.

According to figures released Monday by the Massachusetts Gaming Commission, FanDuel Sportsbook handled nearly 30% of all betting dollars with $95.2 million in bets.

Operators generated $33 million in revenue, and the Bay State collected $6.4 million in June taxes.

Betr at the bottom

Betr, the micro-betting outfit of co-founders Joey Levy and Jake Paul, handled $289,000 in June. It accounted for 0.1% of handle market share for the month.

With a 4% win rate, Betr generated $11,500 in June revenue.

The company announced a $35 million fundraising round at the end of June. In Ohio, where Betr first launched in January, it also holds a 0.1% market share of handle.

Four months of online MA sports betting

Bay State bettors sent more than $1.89 billion through MA sports betting apps since online betting began on March 10. Of the eight online operators in the state, only two have a market share of handle in double digits.

DraftKings and FanDuel, with 49% and 31%, respectively, handled most of the betting dollars during the last four months.

Six other operators combine to make up the remaining 20% of total handle: