Online sports betting officially went live in the state on March 10, 2023. To add, in-person sports betting launched a couple of weeks before, on January 31. This means betting on sports with a licensed sportsbook from anywhere in the state is legal. It was great timing, as March Madness starts soon as well. This will be a great occasion to try several ways of mobile betting on professional and college tournaments.
From March 10, players could place their bets via sportsbooks operated by Barstool, Betr, BetMGM, Caesars, DraftKings, Fanduel, and WynnBet. In the following period, more operators will join the group.
Jason Robins, CEO of DraftKings, commented, “It was just over ten years ago when we launched DraftKings from a spare bedroom in Watertown, and now, we are proud to have the opportunity to deliver a safe and legal sports betting product to millions of diehard sports fans across Massachusetts. This launch will mark a major milestone for our company, and we’re proud to become the hometown sportsbook for customers in the Commonwealth.”
Essentially, the process started with An Act regulating sports wagering in the summer of 2022. During the next few months, the Massachusetts gaming commission discussed the options for regulating this market, resulting in the final approval of mobile wagering. By that act, Massachusetts became one of 26 states that allowed online sports betting.
To add, the Department of Administration and Finance shared that the industry will bring in more than $100 million. From this, 60% will be paid in taxes, and the other 40% will be spent on licensing fees.
The Massachusetts gaming commission already received a report from the first day of in-person betting on March Madness. The revenue is impressive – the players spent more than $500.000 that day, which brought the state about $10.000 in taxes.
Read more on What to Know about 2023 March Madness
Read more on Massachusetts allows Affiliate Marketing for Sports operators
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