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Boston 25 News reports that Massachusetts generates $4.55 million in tax revenue from sports betting in August.


Sep 15, 2023

Last month, gamblers wagered approximately $315 million on sporting events, resulting in over $22.7 million in tax revenue for operators and about $4.55 million for the state. The Massachusetts Gaming Commission recently announced that casino-type gambling and casino-type gambling combined generated over $120.6 million in taxable revenue for operators and more than $32.16 million in revenue for the state in August. The majority of the revenue and taxes came from the state’s three casino-style facilities, namely Plainridge Park Casino Slot Parlor, MGM Springfield, and Encore Boston Harbor.

In August, a total of $314.9 million was wagered on sanctioned sporting events, slightly higher than July’s figure of $294.9 million but still lower than the state’s highest recorded amount of $568.2 million in March. The Gaming Commission revealed that nearly all betting activity in August (97.6%) occurred on eight mobile or online platforms, which generated $22.55 million in taxable income out of the $23.3 million recorded. This contributed $4.51 million to the state’s revenue. Meanwhile, the state’s brick-and-mortar arcade sportsbooks made about $177,200 in revenue from in-person sports betting, with approximately $157,780 being taxable and adding $32,356 to the state’s tax revenue.

Regarding the casino side, Plainridge Park generated over $13 million in gross gaming revenue, MGM Springfield earned about $23.5 million, and Encore Boston Harbor generated $61.3 million. These figures translated to a state tax revenue of $27.62 million for the month. Since January, Massachusetts has collected $50.35 million in taxes and levies from sports betting operations and a total of $1.515 billion from casino operations.

Additionally, it should be noted that this information was released in mid-2015. To stay updated on breaking news, you can download the free Boston 25 News app and follow Boston 25 News on Facebook and Twitter.

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