Massachusetts
DraftKings, FanDuel Tops in Massachusetts For Q1 2024
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.
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.
“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.
Robert Linnehan
Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.
A man was shot and killed in Cambridge, Massachusetts, on Saturday, July 4th.
It happened around 4:30 a.m. near Broadway Street and Norfolk Street, according to the Middlesex District Attorney Marian Ryan. A pedestrian found the man shot in the area around 5:30 a.m. and called 911.
First responders arrived to find that the man had died. He was identified as 32-year-old Xavier Bautista from Cambridge. The City of Cambridge said that Bautista worked in the Public Works Department and was off-duty at the time of the shooting. They described him as a “valued colleague” who was “beloved” by friends and family.
“We extend our deepest condolences to those who knew and loved him. This is a tremendous loss, and our entire City grieves alongside his family, friends, and coworkers,” the city said in a statement. “Gun violence has absolutely no place in our community. We are unwavering in our commitment to keeping Cambridge safe, and we will do everything in our power to support the investigation and ensure accountability.”
No arrests have been made. Cambridge Police, the Middlesex DA’s Office, and Massachusetts State Police are investigating.
“The City will continue to deploy every necessary resource and will fully support our law enforcement partners as they work to determine the circumstances associated with the shooting and to bring justice to those affected,” Cambridge said.
Anyone with information is asked to call Cambridge Police at 617-349-3300 or submit an anonymous tip.
Cambridge Police are investigating a fatal shooting near the intersection of Broadway and Norfolk Street early Saturday morning.
Around 5:30 a.m., Cambridge Emergency Communications received a call for a person laying on the ground near the intersection of Broadway and Norfolk Street. Officers were dispatched to the area, and Paramedics from the Cambridge Fire department declared the person dead on scene. The victim had an apparent gunshot wound, according to Cambridge police.
There were not many details initially released, but an active investigation is underway by the Cambridge police, Middlesex District Attorney’s office and Massachusetts State Police detectives assigned to the Middlesex District Attorney’s office.
Additional information will be shared when it becomes available.
Police are asking anyone with information surrounding this incident to contact the Cambridge police department at (617) 349-3300.
One day before the Fourth of July, police in Yarmouth, Massachusetts say American flags were “ripped down” from a highway overpass that’s named after a two-time Purple Heart recipient.
Yarmouth police said an officer noticed the vandalism Friday on the Lance Corporal William Joseph Donovan Jr. Memorial Bridge over Route 6.
“The officer found American flags forcefully ripped from the fencing,” police said. “Their grommets had been torn out, and flags were ripped apart at the seams left hanging.”
Lance Cpl. William Joseph Donovan Jr., a Dennis-Yarmouth Regional High School graduate, was awarded the Purple Heart twice for injuries sustained in Operation Enduring Freedom. After returning home, he died in a motorcycle crash at 27 years old.
Yarmouth police are investigating the incident and urge anyone with information to contact them.
This isn’t the first time that flags on the bridge were damaged. Last summer, they were similarly torn down before being replaced in a rededication ceremony.
The community has already stepped up to restore the patriotic display that was vandalized on Friday.
State Rep. Steve Xiarhos of Barnstable, who lost his son Marine Cpl. Nick Xiarhos to a roadside bomb in Afghanistan, said “Cape Cod sent a message tonight.”
“You can tear down flags, but you cannot tear down the spirit of this community. If anything, you made people stronger,” Xiarhos posted to Facebook. “You brought people together from all over Cape Cod, united by love of country and respect for those who have served.”
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