Massachusetts taxpayers have to report gambling wins and losses, and the data reported by the state Department of Revenue is revealing. It doesn’t say how much money Massachusetts residents bet, but it does show big increases in wins and losses.
Excluding Mass. Lottery winnings, which are reported separately, gambling wins jumped 163 percent from 2020, when $243 million was declared, to 2023, when $638 million was declared.
Declared losses grew even faster, rising nearly 258 percent from 2020, when $64 million was declared, to 2023, when taxpayers in Massachusetts declared $231 million in losses.
As for lottery winnings, those rose five percent from 2020, when $484 million was declared, to 2023, when $509 million was declared.
