BOSTON (WWLP) – For the first time, we are seeing the state’s monthly casino revenue along with both retail and online sports wagering.
In the month of March, $568,091,232.87 was wagered through current and future in-person and online sports bets. Retail licensees allowed for in-person sports wagering received $1,455,304.43 in taxable gaming revenue. Since the beginning of online sports betting on March 10, the total gaming revenue across six online platforms was $45,605,606.69. The total taxes collected by the state in March for sports betting was $9,339,417.30.
“I think its great that the state is making all of this extra money. People are going to do it regardless might as well make it legal and make money off of it,” said Ray Aikan of West Springfield.
According to the American Gaming Association, during the month of March 68 million Americans were projected to place a wager for the NCAA’s March Madness and 31 million of them to bet online or at a sports book.
Online retailer DraftKings took in the most money with $257 million in wagers. They were followed by FanDuel who saw $181 million in wagers. With the NBA and NHL playoffs now in full swing, some people are thinking about hopping on the sports-betting band wagon.
“My son does it a lot and it does interest me! I wish I knew a little bit more about sports because I definitely want to make some more money,” said Luis Perez of Springfield.
Gamblers wagered more than $1.6 million at MGM Springfield’s Sportsbook.
In addition, the combined Gross Gaming Revenue (GGR) for the state’s three casinos was approximately $104.5 million. MGM Springfield took in $24,079,637.77 in the combined table and slot games, paying $6,019,909.44 in taxes to the state.
To date, Massachusetts has collected approximately $1.374 billion in taxes from the three casinos in the state since the opening of each facility.