Massachusetts sports betting reported $525.5 million in sports betting handle for June, which was a substantial decrease from $645.7 million in May. Sports betting revenue also fell month-over-month from $79.9 million to $61.6 million. This decline is projected to continue through the summer months, since this is the slowest time of the sports betting calendar.
Examining Massachusetts sports betting results since June 2024 provides more context for this month’s decline.
June had the lowest sports betting handle in Massachusetts since August 2024. There was only a slight increase year-over-year from $500.7 million to $525.5 million. With what was reported in July 2024 ($405.2 million), there’s a reasonable chance that July will be an even slower month.
Sports betting revenue reported a marginally better result, with $61.6 million being only the second-lowest total of the year. There was a significant increase from June 2024, when only $41.1 million in revenue was reported.
| Month | Sports Betting Handle | Sports Betting Revenue |
|---|---|---|
| June 2025 | $525.5 million | $61.6 million |
| May 2025 | $645.7 million | $79.9 million |
| April 2025 | $680.5 million | $65.5 million |
| March 2025 | $761.8 million | $51.9 million |
| February 2025 | $618.6 million | $65.4 million |
| January 2025 | $751.6 million | $93.6 million |
| December 2024 | $776.8 million | $57.4 million |
| November 2024 | $764.1 million | $79.6 million |
| October 2024 | $735.0 million | $48.3 million |
| September 2024 | $667.7 million | $72.2 million |
| August 2024 | $439.7 million | $32.9 million |
| July 2024 | $405.2 million | $40.7 million |
| June 2024 | $500.7 million | $41.1 million |
DraftKings reported $266.1 million in sports betting handle in June, which made up over 50% of the total figure in June. This has always been the case because DraftKings is based in Boston, so it’s the go-to online sportsbook in the Bay State.
ESPN BET is getting close to overtaking Caesars Sportsbook, earning more revenue than the industry giant while only slightly behind in sports betting handle.
| Sportsbook | Sports Betting Handle | Taxable Revenue |
|---|---|---|
| DraftKings | $266.1 million | $31.4 million |
| FanDuel | $139.0 million | $17.4 million |
| BetMGM | $45.8 million | $5.2 million |
| Fanatics | $37.8 million | $4.6 million |
| Caesars Sportsbook | $17.6 million | $1.2 million |
| ESPN BET | $15.2 million | $1.5 million |
While Massachusetts law allows for up to 15 online sportsbooks, there are no indications of other sportsbooks entering the market. For instance, despite being one of the most popular betting sites, bet365 withdrew its mobile betting license application within the state back in 2023.
With that in mind, market conditions should remain the same for the foreseeable future, allowing newer operators like Fanatics and ESPN BET to continue to grow in popularity.
