{"id":282,"date":"2024-06-29T00:50:28","date_gmt":"2024-06-28T21:50:28","guid":{"rendered":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/"},"modified":"2024-06-29T00:50:28","modified_gmt":"2024-06-28T21:50:28","slug":"massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge","status":"publish","type":"post","link":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/","title":{"rendered":"Massachusetts Sports Betting Earnings Dip in August Despite Wagering Surge"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/DMIbfurPE1I\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Bay State witnessed a dip in sports betting earnings in August, despite a surge in wagering activity.<\/p>\n<p>The commonwealth recorded $314.9 million in sports wagers in August, reflecting a 6.8% climb from July, but profits took a hit.<\/p>\n<p>This figure surpasses the $294.9 million recorded in July, which marked the lowest total for Massachusetts since legal betting commenced in April.<\/p>\n<p>Approximately $307.2 million was placed online, representing a 6.6% increase from July. Physical betting also saw an uptick in August, rising by 13.2% to $7.7 million.<\/p>\n<p>The rise in wagering couldn&#8217;t stem the decline in revenue.<\/p>\n<p>However, while wagering activity climbed month-on-month, sports betting earnings did not. Total revenue in August reached $22.7 million, marking a 22.8% drop from the $29.4 million generated in July.<\/p>\n<p>Of this sum, $22.6 million stemmed from online betting, reflecting a 21.5% decline from July. Revenue from physical betting amounted to a mere $157,782, plummeting by 72.6%.<\/p>\n<p>DraftKings remains the dominant player in Massachusetts, securing $161.9 million in wagers and $10.8 million in revenue in August.<\/p>\n<p>FanDuel once again claimed the second spot, capturing $79.4 million in wagers and $7.4 million in revenue, followed by BetMGM, which generated $2.4 million in revenue on $21.2 million in wagers.<\/p>\n<p>Examining the land-based market, Plainridge Park Casino led the pack with $2.8 million in wagers and $150,773 in revenue, followed by MGM Springfield, which generated $64,934 in revenue on $912,651 in wagers. <\/p>\n<p>Although Encore Boston Harbor&#8217;s retail sales reached a peak of $4 million, its sports wagering venture encountered a loss of $57,925.<\/p>\n<p>In August, the casino&#8217;s earnings experienced a minor dip, with the combined revenue from table and slot games at land-based casinos dropping by 0.7% to $97.9 million.<\/p>\n<p>Revenue generated by physical slot machines remained stable at $67.5 million, mirroring July&#8217;s figures. Table game revenue, however, saw a decrease of 2.6% from the previous month, settling at $30.4 million.<\/p>\n<p>The total revenue from sports wagering and casino operations in August amounted to $120.6 million, representing a 5.9% decline from the previous month&#8217;s $128.1 million. The state collected $4.5 million in taxes from sports betting and $27.6 million from land-based casinos.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bay State witnessed a dip in sports betting earnings in August, despite a surge in wagering activity. The commonwealth recorded $314.9 million in sports wagers in August, reflecting a 6.8% climb from July, but profits took a hit. This figure surpasses the $294.9 million recorded in July, which marked the lowest total for Massachusetts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Massachusetts Sports Betting: Wagers Up, Profits Down<\/title>\n<meta name=\"description\" content=\"Despite a rise in sports betting activity in August, Massachusetts saw a decline in earnings. Discover why the Bay State\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Massachusetts Sports Betting Earnings Dip in August Despite Wagering Surge\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Despite a rise in sports betting activity in August, Massachusetts saw a decline in earnings. Discover why the Bay State\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Power of Secure &amp; Licensed Online Casino Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T21:50:28+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/\",\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/\",\"name\":\"Massachusetts Sports Betting: Wagers Up, Profits Down\",\"isPartOf\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T21:50:28+00:00\",\"dateModified\":\"2024-06-28T21:50:28+00:00\",\"author\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Despite a rise in sports betting activity in August, Massachusetts saw a decline in earnings. Discover why the Bay State\",\"breadcrumb\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/ozwincasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Massachusetts Sports Betting Earnings Dip in August Despite Wagering Surge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/\",\"name\":\"Discover the Power of Secure &amp; Licensed Online Casino Gaming\",\"description\":\"Discover the dynamic world of online gambling through our regularly updated news, honest game reviews, and informative insights. Experience the best of licensed gaming at our platform.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ozwincasinonodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Massachusetts Sports Betting: Wagers Up, Profits Down","description":"Despite a rise in sports betting activity in August, Massachusetts saw a decline in earnings. Discover why the Bay State","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/","og_locale":"en_GB","og_type":"article","og_title":"Massachusetts Sports Betting Earnings Dip in August Despite Wagering Surge","og_description":"Despite a rise in sports betting activity in August, Massachusetts saw a decline in earnings. Discover why the Bay State","og_url":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/","og_site_name":"Discover the Power of Secure &amp; Licensed Online Casino Gaming","article_published_time":"2024-06-28T21:50:28+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/","url":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/","name":"Massachusetts Sports Betting: Wagers Up, Profits Down","isPartOf":{"@id":"https:\/\/ozwincasinonodepositbonus.icu\/#website"},"datePublished":"2024-06-28T21:50:28+00:00","dateModified":"2024-06-28T21:50:28+00:00","author":{"@id":"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Despite a rise in sports betting activity in August, Massachusetts saw a decline in earnings. Discover why the Bay State","breadcrumb":{"@id":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/29\/massachusetts-sports-betting-earnings-dip-in-august-despite-wagering-surge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/ozwincasinonodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Massachusetts Sports Betting Earnings Dip in August Despite Wagering Surge"}]},{"@type":"WebSite","@id":"https:\/\/ozwincasinonodepositbonus.icu\/#website","url":"https:\/\/ozwincasinonodepositbonus.icu\/","name":"Discover the Power of Secure &amp; Licensed Online Casino Gaming","description":"Discover the dynamic world of online gambling through our regularly updated news, honest game reviews, and informative insights. Experience the best of licensed gaming at our platform.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ozwincasinonodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/ozwincasinonodepositbonus.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/282"}],"collection":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=282"}],"version-history":[{"count":0,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/282\/revisions"}],"wp:attachment":[{"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ozwincasinonodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}