Massachusetts posts record $654 million sports wagering handle for November

Massachusetts posts record $654 million sports wagering handle for November

Article brief provided by SportsHandle
  • Chris Altruda, SportsHandle
December 18, 2023 4:00 PM
  • Chris Altruda, SportsHandle
  • Massachusetts

The Massachusetts Gaming Commission reported sports betting revenue totaling more than $654.4 million for November on Friday, as the first extensive convergence of available wagering on Boston’s professional sports teams proved a popular draw in the Bay State.

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Though the New England Patriots are sloughing through a rare down season, the Boston Bruins have picked up where they left off in terms of regular-season play from 2022-23, and the Celtics are tied with the Minnesota Timberwolves for the NBA‘s best record heading into play Friday night. Massachusetts‘ November handle toppled the previous record of $579.3 million set in April and was 14.5% higher than October’s $571.8 million.

Operators, though, could not make the bigger pot lead to more revenue. The three retail sportsbooks and eight betting apps combined for $50.6 million in gross revenue, resulting in a reasonable 7.7% hold. The winnings were down 16.5% versus October, but still enough to send the year-to-date total above $420 million.