The Massachusetts Gaming Commission announced that the Bay State accepted $748 million in wagers last month, a 10.2% increase.
The jump in action did not translate to better revenue, however. After reporting more than $73 million in revenue in September, October brought in just $48.3 million.
That means that state’s tax bill from sports wagering fell from $14.6 million to $9.6 million.
Following an industry-friendly 11% hold in September, when the NFL season kicked off, bettors became more acclimated, and October’s hold came in at a much lower 6.8%.
Of the seven online Massachusetts sports betting operators, six shared the same trend. When the state as a whole sees an extra $68 million in wagers every sportsbook should benefit. But Fanatics was the only operator to see a drop in action.
