Massachusetts sports betting cooling down amid slow summer

Tuesday, August 15, 2023 8:55 PM
Photo: Shutterstock
  • Colin A. Young, State House News Service

Less money is being wagered on sports each month in Massachusetts as the now-legal activity’s newness expires and the sports calendar has thinned out, but nearly $300 million wagered in July made operators more than $29.4 million in revenue and will yield $5.8 million for the state.

The Gaming Commission said Tuesday that there was $294.9 million wagered on approved events that took place in July, down from $332 million on June events. The monthly handle in Massachusetts has fallen each month since online betting launched in March. The first month saw $568.2 million wagered, followed by $559.26 million in April and $454.9 million in May.

As a result, the state’s take is also down.