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DraftKings, FanDuel Tops in Massachusetts For Q1 2024

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DraftKings, FanDuel Tops in Massachusetts For Q1 2024


Boston Celtics forward Jayson Tatum dribbles around Dallas Mavericks guard Luka Doncic

Mar 1, 2024; Boston, Massachusetts, USA; Boston Celtics forward Jayson Tatum (0) drives the ball against Dallas Mavericks guard Luka Doncic (77) in the second half at TD Garden. Mandatory Credit: David Butler II-USA TODAY Sports

  • Six licensed operators presented their 2024 first quarter results to the Massachusetts Gaming Commission
  • FanDuel, DraftKings were far and away the top operators in the state during its first three months of 2024
  • The commission did not ask operators questions about limiting users, but the topic was addressed

DraftKings and FanDuel dominated the Massachusetts sports betting landscape for the first three months of 2024.

The state’s six licensed online sports betting operators today presented their Q1 2024 results to the Massachusetts Gaming Commission, updating the regulatory body on their total revenues, taxes, and responsible gaming measures for the first three months of the year.

As expected, DraftKings and FanDuel were by far the two most popular operators in the state, combining to bring in more than $28 million in tax revenue for the commonwealth through March.

Nobody Close to the Top Two Operators

DraftKings and FanDuel both tallied the highest revenue totals and tax revenues for the state, with hardly any of the other four licensed category 3 sports betting operators coming close their Q1 totals.

DraftKings reported $91,855,541 in total revenues through the first three months, which led to  $17,931,533, good for a 10.2% hold. FanDuel reported $54,351,010 in total revenue in Massachusetts, with $10,870,202 going into the Massachusetts tax coffers, good for a 10.25% hold rate.

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No other licensed operator in the state eclipsed more than $3 million in tax revenue for Q1 2024.

Here are the total revenues and tax revenues for the remaining operators:

  • BetMGM: $10,127,132 in total revenue. $2,025,426 in Massachusetts tax revenue
  • Caesars Sportsbook: $3,129,923 in total revenue. $2,966,738 in Massachusetts tax revenue
  • ESPN BET: $6,585,180 in total revenue. $1,317,036 in Massachusetts tax revenue
  • Fanatics Betting and Gaming: $3,148,459 in total revenues. $603,625 in Massachusetts tax revenue

Touchy Subject Briefly Broached

Most watching the reports online wondered if the Massachusetts Gaming Commission would touch on the operators not participating in a recent public meeting held by the commission to discuss the practice of limiting users who win too often.

This is the first public meeting the operators attended since declining to attend the limit meeting, but the MGC did not broach the subject during the day.

MGC Interim Chair Jordan Maynard, however, did briefly mention the subject. The interim chair revealed that FanDuel reached out to the commission last Friday hoping to discuss the practice in a non-public meeting.

While Maynard thanked the operator for attempting to set the record straight, he said discussions on the subject would only take place in a public setting.

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“I will ensure that FanDuel and any other operator know that each commissioner will need to be updated in a way that is transparent and fully compliant with the open meeting law. That said, I wanted to acknowledge that reach out and I’m hopeful for the future as our learning on this issue continues,” he said.

A follow up discussion on limiting users has been set by the MGC for Thursday, June 20.

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Robert Linnehan

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Velis leads Senate in strengthening support for Massachusetts military families

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Velis leads Senate in strengthening support for Massachusetts military families


State Sen. John Velis. (FILE / THE WESTFIELD NEWS)The Westfield News

BOSTON — The state Senate unanimously approved legislation sponsored by state Sen. John Velis on Thursday that will provide enhanced safety, stability and educational opportunities for military families and strengthen public safety and increase access to justice around military bases, according to an announcement from Velis’s office.

“As we approach Veterans Day, I am incredibly proud to be a part of a legislative body that prioritizes not only our veterans and servicemembers but also our military families as well,” said Velis, the Westfield Democrat who serves as the chair of the Joint Committee on Veterans and Federal Affairs.

Submitted items and newsbriefs in The Westfield News. To share your news and photographs, email pressreleases@thewestfieldnews.com or mail to The Westfield News, 181 Root Road, Westfield, MA 01085.

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BankFive honored as a leading women-led business in Massachusetts

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BankFive honored as a leading women-led business in Massachusetts


BankFive has been recognized as one of the Top 100 Women-Led Businesses in Massachusetts for the third consecutive year.

The recognition comes from The Women’s Edge, a nonprofit organization that supports women leaders, according to a community announcement.

The Top 100 Women-Led Businesses list is based on factors such as company revenue, workplace diversity, innovation and customer benefits.

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“It’s an incredible honor to once again be recognized among so many exceptional women-led organizations,” Anne Tangen, president and CEO of BankFive, said in the announcement. “This achievement reflects the dedication of our entire team, whose commitment to our customers and communities continues to drive BankFive’s success and positive impact. At BankFive, our mission has always been to empower our employees, support our customers, and strengthen the communities we serve, and this honor reinforces the importance of that work.”

This past year, BankFive celebrated its 170th anniversary with a multi-million dollar renovation of its new Main Street headquarters in Fall River. The bank also announced a new financial literacy program, FiveSense.

The organizations that received the award were honored at The Women’s Edge and the Boston Globe Magazine’s annual awards breakfast Oct. 24 in Boston. The 100 companies on the list represent a combined total of $141 billion in revenue and operating budgets.

The Women’s Edge is a nonprofit organization that aims to help women leaders achieve personal and professional success and make a positive impact within their businesses and communities.

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To learn more about the bank, visit bankfive.com.

This story was created by reporter Beth McDermott, bmcdermott1@gannett.com, with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at cm.usatoday.com/ethical-conduct.



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Massachusetts governor’s poll shows GOP candidates competing for undecided voters

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Massachusetts governor’s poll shows GOP candidates competing for undecided voters


The GOP’s Mike Kennealy is polling ahead of his two rivals in the race against Gov. Maura Healey in next year’s election, but it’s too early to take a victory lap with many voters still on the sidelines.

Kennealy holds 44% of the vote over primary opponents Brian Shortsleeve and Mike Minogue, both sitting at 13%. More than half of the would-be Republican or Independent voters in the poll, however, said they don’t know enough about the candidates to pick a side.

The Kennealy campaign is celebrating the UMass poll, released this week, as Shortsleeve questions the survey’s credibility, and Minogue points to donations as a stronger indicator of how Bay State Republicans are leaning a year out from the election.

UMass pollsters surveyed 800 respondents, with 416 Democrats and 183 Republicans or pure independents. Healey, the Democrat incumbent, leads each of the three GOP candidates by at least 21%.

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“This poll confirms what we have been hearing in every corner of the Commonwealth: voters recognize that Mike Kennealy is the only candidate prepared to take on Maura Healey in 2026 and deliver real results,” Kennealy campaign manager Ben Hincher said in a statement.

“Mike will lower energy costs for Massachusetts families, cut taxes and burdensome regulations, audit the legislature, end sanctuary state policies, restore excellence in our schools, and return common sense to state government.”

Roughly a third of the respondents voting in a preview of the Republican primary stated that they were “not too familiar” with Kennealy, Shortsleeve and Minogue, and 19% “not familiar at all” with the GOP candidates.

Kennealy, a former housing and economic development secretary in Gov. Charlie Baker’s administration, first entered the race in April. Shortsleeve, a venture capitalist who ran the MBTA under Baker, followed behind, announcing his campaign in May.

Minogue, a major donor to President Trump and former CEO of heart-pump maker Abiomed Inc., jumped into the race last month.

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In an email to supporters, Jim Barnett, general consultant for the Shortsleeve campaign, said the poll shouldn’t be taken seriously. He argued that the survey of Republican and Independent voters of the GOP candidates lacks credibility, with the rigor being “embarrassingly shallow,” and that the results “should have never been released.”

Barnett suggested that general election results, which pit Shortsleeve as the closest opponent individually to Healey over Kennealy and Minogue, are “far more credible.”

“Those toplines align with historic partisan margins at this stage of a campaign and other independent polling,” Barnett stated. “In contrast, the ‘Republican primary’ subsample lacks proper screening, weighting, and mathematical coherence, making it unfit for analysis or reporting.”

After Minogue announced his campaign in October, the South Hamilton resident received a $1.8 million first-month haul, nearly matching what Kennealy has raised and loaned himself during his months-long run since the spring.

Shortsleeve has raised just over $1 million.

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“Mike is incredibly grateful for the support his campaign is seeing across Massachusetts with hundreds of volunteers and twice as many donors as the rest of the Republican field,” a Minogue campaign spokesperson told the Herald. “In just 21 days, he’s already passing lifetime politicians who’ve been in the race for more than half a year. People are ready for a new kind of leadership focused on accountability, affordability, and opportunity for every family in our state.”



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