Sports betting in Massachusetts saw growth in June, even if the state's retail sales were down.

 Although the state reported a decline in its retail market in June, sports betting handle and taxable gaming revenue both increased year over year in Massachusetts.
 February sports betting in Massachusetts The total amount of money wagered by Massachusetts players on sports in June was $509.4 million (£303.1 million/€467.8 million).  Compared to $323.5m in May of last year, this is a 57.5% increase, although it is still 13.3% short of $587.3m.  This marks the lowest monthly total since August 2023, when $314.9 million was wagered.

 In June, spending on online betting reached $500.7m, while retail spending was just $8.6m. 

 Operators in the retail and online spaces reported $40.5 million in revenue.  This is a 25.8% increase over last year's haul of $32.2m, although it falls 29.0% short of May's $57.0m and the lowest monthly sum since August of last year's $22.7m.

 In June, online sports betting brought in $41.0 million.  The entire revenue total for the month was impacted by a $588,965 loss in the retail sector.

 In June, the hold rate in the Massachusetts market was 8.30%.  The monthly loss caused the online hold to reach 8.44% and the retail hold to reach 0.01%.  Furthermore, the online sector contributed nearly all of the $8.2 million in sports betting tax.

 In Massachusetts, DraftKings is still in first place.
 By operator, DraftKings continues to dominate, raking in $19.3m on $263.7m in bets.  Similarly, DraftKings had a hold percentage of 7.58% for the month.

 FanDuel, owned by Flutter Entertainment, a long-time competitor, came in second with $16.5 million in revenue on a $141.4 million handle, leaving an 11.9% grip.  BetMGM came in third place, well behind, with $2.3 million in income on $34.0 million in bets and a hold percentage of 7.09%.

 In other news, Fanatics' 8.63% hold resulted in $1.7 million in revenue from $20.2 million in bets.  A 5.72% hold was left by ESPN Bet, which saw revenue drop to $1.2m from $21.8m in wagers.

 In June, Caesars reported a $16,588 loss on $19.6 million in wagers, bringing its hold to only 0.15%, as it concluded the Massachusetts market.

 Out of the three licensed operators in the state, only Encore Boston Harbour generated any revenue in the retail sector.  With a $4.7 million handle for June, the venue made $146,565—a hold of 3.40%.

 Plainridge Park Casino, on the other hand, lost $186,969 on $3,000,000 in wagers and had a negative hold percentage of 6.09%.  At the same time, MGM Springfield's loss increased to $548,561 from a $1.0 million handle, representing a hold of 2.21%.

 Entering the fray is Bally Bet.
 Bally Bet became the latest operator to join the Massachusetts online marker earlier this month. 

 Being the last operator authorised for a 2023 debut, the brand has had its temporary permit for approximately 18 months.  Massachusetts residents will now have a total of seven betting options thanks to Bally Bet, following the departures of Betr and WynnBet earlier this year. 

 Its official launch date was 2 July, and the next set of monthly data will include information on its first month of operation.

 Revenue from Massachusetts casinos declines 
 Aside from wagers on sporting events, the casino industry in Massachusetts saw annual and monthly drops.

 Total gaming income from slot machines and table games dropped 4.5% annually to $96.1 million.  Also, May's reported $98.0m was lower than this.

 Table games brought in $29.9 million, while slots brought in $66.2 million.  Gambling taxes in June came to $27.3 million.

 With $60.4m in total revenue, including $34.9m from slots and $25.5m from table games, Encore Boston Harbour earned first place.  After Plainridge Park Casino (which brought in $13.8 million), MGM Springfield came in second with $31.9 million.

 Overall, the Massachusetts market brought in $136.5 million in June from gambling, which resulted in $35.6 million in tax income for the state.