Betway is already leaving the online Massachusetts sports betting market, despite never launching in the first place.
Last week, the Massachusetts Gaming Commission announced that it had been informed by Betway that the operator does not intend to begin operations in the Commonwealth.
Betway’s temporary MA sports betting license will expire at the end of February, and it will not renew.
Betway planned Q1 2024 launch
Parent company Digital Gaming Corporation (DGC) did not respond to an email from LSR seeking comment on the decision.
In somewhat similar fashion, Betway withdrew from the sportsbook licensing process in Illinois in October 2023.
Betway’s jurisdictions in the US
Betway is live for sports betting in nine states:
- New Jersey
Bally Bet says it will launch in MA
Meanwhile, Bally Bet informed the state regulator that it intends to launch online in Massachusetts. Its launch date, however, remains unknown.
Bally Bet also has a temporary license and has yet to begin operations. However, the operator told the MGC that it is focusing on its Rhode Island launch first.
It will then move forward in Massachusetts, where a license extension request and $1 million fee will be required.
MA sports betting market at a glance
The MA sports betting market has eight active online operators:
- Caesars Sportsbook
- ESPN Bet
They accounted for $637 million in handle during November, leading to $49 million in taxable gaming revenue. Taxed at 20%, the state was able to collect approximately $10 million in taxes for the month.
DraftKings on top in Massachusetts
The online sports betting market opened on March 10, 2023 in the Commonwealth.
Hometown DraftKings has been able to secure the No. 1 spot in terms of both handle and revenue share.
The state also has three in-person sportsbooks: Encore Boston Harbor, MGM Springfield and Plainridge Park Casino.