New MA Sports Betting Report Details Daily Fantasy Sports Financials

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MA sports betting

For the first time, MA sports betting regulators shared last week a detailed financial breakdown of each daily fantasy sports operator in the Commonwealth.

The Massachusetts Gaming Commission (MGC) revenue report shows DraftKings taking $5.3 million, or 51%, of the $10.4 million daily fantasy sports players spent for July.

Massachusetts sports betting regulators collected more than $188,000 in taxes from all DFS operators in July.

MA sports betting regulator ‘aware’ of scrutiny

PrizePicks, which is alleged to have offered illegal sports betting in Wyoming, accepted $2.9 million from DFS players in Massachusetts in July.

In the last month, multiple states including Massachusetts started looking more closely at single-player fantasy sports markets, including:

During an August 8 public meeting, MGC Interim Executive Director Todd Grossman said, “There’s been a great deal of activity surrounding the boundaries of sports wagering and daily fantasy sports, and whether there’s some overlap between the two. I wanted to note we are certainly aware of this issue, and we’re in the process of reviewing it.”

MA sports betting hits new milestone

According to additional figures released Tuesday by the MGC, Massachusetts sports betting handle reached $296 million in July.

Since legal in-person sports betting launched in January, Bay State bettors have spent more than $2.2 billion. The pace of play accelerated once online MA sports betting began in March ahead of March Madness betting.

The state’s sportsbooks combined to produce $30.1 million in July revenue. Massachusetts collected $5.8 million in sports betting taxes for the month.

DraftKings still tops online handle

DraftKings Sportsbook accepted $144.8 million in bets in July, good for 50% of all betting dollars spent online ($289.1 million.)

The Boston-based bookmaker has led all MA sports betting apps since the March launch of online sports betting.

FanDuel Sportsbook accepted $86.5 million in online bets, 30% of the overall market total. None of the six other sports betting apps reached a double-digit share of online handle in July.

Fanatics produces July MA sports betting handle gains

Fanatics saw its monthly Massachusetts sports betting handle jump 24% in July, its second full month of operations in the state. Fanatics accepted $2.3 million in bets last month, up from $1.9 million in June.

The total accounted for less than 1% of all online betting dollars, though the company was still only offering its sports betting app to existing retail customers.

Fanatics announced Wednesday its app is now available to everyone ahead of the NFL betting season.