In September 2024, Massachusetts experienced an unprecedented surge in gaming and sports betting revenue, setting new records for both sectors. According to the Massachusetts Gaming Commission (MGC) September 2024 Revenue Report [pdf], the state’s three licensed casinos—Plainridge Park Casino (PPC), MGM Springfield, and Encore Boston Harbor (EBH)—generated approximately $92.06 million in gross gaming revenue (GGR). In addition, taxable sports wagering revenue (TSWR) across retail and online platforms amounted to $73.49 million, further solidifying the state’s position as a leader in the gaming industry.
The state’s casino operations continued to deliver robust results, contributing significantly to the local economy, according to the report (pdf) released by the Massachusetts Gaming Commission. Plainridge Park Casino, a Category 2 licensee specializing in slot machines, was a key player in this growth. PPC is subject to a 49% GGR tax, of which 82% is directed to local aid programs and 18% supports the Race Horse Development Fund. Meanwhile, the resort-style Category 1 casinos, MGM Springfield and Encore Boston Harbor, pay 25% of their GGR in taxes, with funds allocated to various state initiatives. The September results pushed the total tax and assessment collection from casino operations to nearly $1.875 billion, showcasing the economic importance of this industry.
Sports Betting Hits New Highs
The sports betting market in Massachusetts also reached new heights in September 2024. Total TSWR from the state’s retail and online sports betting platforms reached $73.49 million, with significant contributions from online operators such as DraftKings, FanDuel, BetMGM, and others. These operators are taxed at different rates, with Category 1 operators (EBH, MGM, and PPC) paying 15%, while Category 3 mobile operators face a 20% tax.
Since the state’s sports betting market launched, it has collected a total of $187.88 million in taxes, providing a substantial boost to public funds. Despite some operators like Betr and WynnBet choosing not to renew their licenses after 2024, the competitive landscape remains strong. DraftKings continues to dominate the market, reflecting the overall success of Massachusetts’ regulated sports wagering sector.
The tax revenue from both gaming and sports betting is funneled into various state programs aimed at benefiting the community. Of the total tax collected, 45% goes to the General Fund, 17.5% is directed to the Workforce Investment Trust Fund, and 27.5% supports the Gaming Local Aid Fund. Smaller portions are allocated to the Youth Development and Achievement Fund (1%) and the Public Health Trust Fund (9%), ensuring that these industries have a positive and far-reaching impact across Massachusetts.
Massachusetts’ gaming and sports betting industries are positioned for continued growth, driven by strong operator performance and a well-regulated market. With casino gaming nearing $1.9 billion in tax contributions and sports wagering revenue exceeding $187 million, the state has solidified itself as a key player in the national gaming landscape. As Massachusetts moves forward, the focus will remain on maximizing the social and economic benefits derived from these thriving sectors.
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