Connect with us

Massachusetts

DraftKings, FanDuel Tops in Massachusetts For Q1 2024

Published

on

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.

Advertisement

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.

Advertisement

“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.

Author Image

Robert Linnehan

Gambling
Regulatory Writer and Editor

Advertisement

Gambling



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Massachusetts

Karen Read case: 2 more Massachusetts State Police troopers under investigation

Published

on

Karen Read case: 2 more Massachusetts State Police troopers under investigation


Two more Massachusetts State Police troopers associated with the Karen Read murder investigation are under internal investigation, with a third’s investigation having concluded with a finding of “not sustained.”

Originally Published:



Source link

Continue Reading

Massachusetts

Massachusetts has the best school systems in the country, report says

Published

on

Massachusetts has the best school systems in the country, report says


BOSTON – Massachusetts has the best school districts in the country, according to a new WalletHub survey. The state also took the top spot in the personal finance website’s 2023 ranking

The report ranked K-12 school systems in every state based on metrics like dropout rates, class size and standardized test scores. 

Massachusetts test scores

Massachusetts is either first or tied for first when it comes to math test scores, reading test scores and median ACT scores.

“Massachusetts is the state with the best school systems, boasting some of the best test scores in the country,” WalletHub writes. “Massachusetts ranks first when it comes to eighth grade math and fourth grade reading scores, and second for grade 4 math and grade 8 reading.”

Advertisement

The state also has the highest share of students in the country who score a 3 or better on Advanced Placement exams.

Massachusetts school safety

Massachusetts was ranked second overall when it comes to school safety, with one of the lowest percentages of threatened or injured high school students. 

WalletHub says Massachusetts also has very few reports of physical fights or illegal drugs available on school property compared to the rest of the country.

States with the best school systems

According to WalletHub, the states with the best public schools are:

1. Massachusetts
2. Connecticut
3. Maryland
4. New Jersey
5. Wisconsin

Advertisement

Elsewhere in New England, New Hampshire comes in sixth, Maine is 16th, Vermont is 17th and Rhode Island is 18th.

Earlier this year, WalletHub ranked Massachusetts as the “most educated” state in America.  

States with the worst school systems

WalletHub puts New Mexico at the bottom of its school system ranking, followed by Oklahoma, Arizona, Alaska and Louisiana. Click here for the full ranking. 

Advertisement



Source link

Continue Reading

Massachusetts

Visit these five eastern Mass. country stores to enjoy gifts, candy and nostalgia

Published

on

Visit these five eastern Mass. country stores to enjoy gifts, candy and nostalgia


Country stores have been part of the fabric of New England for more than 200 years. 

In addition to offering clothing, tools, household items, local dairy, meats and produce, toys and sweets, country stores also known as general stores provide a gathering place for residents and visitors of a community.

Folks who wanted to make a phone call, mail a letter or pick up a package would stop by the local country store which often had the only telephone in the area, and was one of just a few places from which mail could be delivered.

Massachusetts is dotted with country stores, many that date back more than 100 years. Though they offer more modern conveniences these days, many have retained a nostalgic ambiance and certain amenities that people find charming.

Advertisement

Here are a few country stores worth visiting for some unique shopping, as well as a glimpse into yesteryear.

‘Icon of a store’: Fiske’s General Store has met every challenge in Holliston since 1863

1829 Country Store

26 Otis St., Mansfield

A meeting of modern vintage good and classic country favorites comes together in this historic building established in 1829. New owners reopened the store in 2022 to provide visitors with nostalgic favorites, specialty food, seasonal items and one-of-a-kind finds.

Advertisement

Owner Mary Pat McSharry thinks the store is popular “because we have the nostalgia that they remember and because we have a fresh take on the old country store.”

In addition to candy, popular items include candles, gifts, and cards.”

Visit 1829countrystore.com for more information.

Bramhall’s Country Store

2 Sandwich Road, Plymouth

Bramhall’s Country Store, established in 1828, has been operated by the same family since it was founded. The old saltbox structure has been many things in the past a cobbler’s shop, a carpentry barn and one of the first post offices in the U.S. 

Advertisement

Bramhall’s is known for three summer staples: lobster rolls, local corn and Ben and Jerry’s ice cream, which can be enjoyed at a picnic tabled under the shade trees. There are plenty of historic artifacts on display to add to the feeling of being truly back in time.

“It’s a historical landmark in the neighborhood,” said manager Sally Bramhall. “My dad wanted to make it into a local meeting place, so we have local meats and produce. We try to employ local kids, it’s a great first job, they can ride their bikes or walk here.”

She said the store is known for its lobster rolls caught by a local fisherman and its ice cream.

Visit bramhallscountrystore.com for more information.

Advertisement

Davoll’s General Store

1228 Russells Mills Road, South Dartmouth

One of the oldest country stores in the country, Davoll’s was established in 1793. Its current owners did some renovations to the building in 2021, adding a café and pub. Art, food and creations by local artisans can be found throughout. A library of books is a popular part of the store, and features cooking, children’s books, fiction and nonfiction, even a section of “local authors.”   

Visit davolls.com for more information.

Marshfield Hills General Store

165 Prospect St., Marshfield Hills

Located in a picturesque neighborhood in this seaside community, the General Store started out in 1853 selling grain and food items. It eventually expanded to include jewelry, hostess gifts, artwork from local artists, accessories, penny candy, greeting cards, and more. A special selection of wines is also available for purchase. Enjoy a cup of coffee and some good conversation.

Advertisement

“We’re in a beach town and there are a lot of tourists in the summer, so we’re kind of a destination for them,” said manager Tish Adams. “We’ve also opened an ice cream shop next door, Jenny’s.”

Items always in demand include candy, gifts and “the best” cards.

You might also catch a glimpse of its co-owner, renowned actor and comedian Steve Carell.

Visit marshfieldhillsgeneralstore.com for more information.

Advertisement

Wayside Country Store

1015 Boston Post Road (Route 20), Marlborough

Built in 1790, the Wayside Country Store originally stood in the center of Sudbury where it served as a post office and school in addition to a general store. On the second floor was a grand ballroom.  The building was relocated to its current site on Hager Pond by Henry Ford, who purchased the building in 1928.  It was the first country store in the U.S. to be re-established and restored. Find vintage candy, handmade items, New England souvenirs, books, gifts, and natural remedies, among other country store staples.

Despite the history of the building, what is most awe-inspiring to visitors, according to manager Sara Scerra, is the candy they offer.

“We have jars of candy, about 60 to 70 jars,” she said. “When people come in, they’re like, ‘wow.’”

The candy is probably the most popular item at the store, second only to the chocolates.

Advertisement

“We have a full line of chocolates,” Scerra said. “Come in and check us out.”

Visit waysidecountrystore.com for more information.



Source link

Continue Reading

Trending