In July, the total handle for sports betting in retail and online platforms reached $294.9m, marking an 11.3% decrease compared to June’s $332.0m. This was the lowest monthly total since the launch of legal online betting in April and the first time that combined land-based and internet betting spend fell below $300.0m. Online wagering accounted for $288.1m, down 10.9% month-on-month, while retail betting fell 20.0% to $6.8m.
The decline in handle also led to a decline in taxable revenue from sports betting. The combined total from retail and online wagering was $29.4m, an 8.7% drop from June’s $32.2m. Online betting contributed $28.8m to this total, down 10.3%, while retail wagering generated $576,139, which was 274.3% higher than June’s figure.
Among the individual operators, DraftKings remained the leading online platform, earning $14.4m in revenue from $144.9m in bets. FanDuel followed with $9.9m from $86.2m in bets, and BetMGM generated $2.5m from a $22.5m handle. In the land-based sector, Encore Boston Harbor topped the charts with $349,832 in revenue and a $3.2m handle, followed by Plainridge Park Casino with $153,439 off $3.0m, and MGM Springfield with $72,868 from a $607,046 handle.
Shifting to the land-based casino sector, table and slots revenue for July amounted to $98.6m, a 2.0% decrease from June’s $100.6m. Slots revenue reached $67.5m, while table games revenue amounted to $31.2m. Encore Boston Harbor led this market as well, with total casino revenue of $61.3m. MGM Springfield followed with $23.5m, and Plainridge Park reported $13.9m.
The combined revenue from sports betting and casino gaming for July was $128.1m, down 3.5% from June’s $132.8m. Additionally, the total tax collected during July was $33.8m, with $5.8m coming from sports betting and $28.0m from casino gaming.
