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Sports Betting Has Already Yielded Mass. $22M in Tax Revenue

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Sports Betting Has Already Yielded Mass. $22M in Tax Revenue

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Massachusetts is on monitor to beat projections for tax income from sports activities betting, raking in additional than $22 million in about two months.

Bill Speros, a senior betting analyst for bookies.com, says promos and provides have pushed new and occasional gamblers to enter the ring and make a wager.

“Nearly a million people have signed up for sports betting accounts since online wagering launched,” Speros stated.



Data from the Massachusetts Gaming Commission exhibits sports activities followers gambled almost $580 million in whole, on-line and in-person, in April. Online playing beating out in-person by a mile.

The state gained almost $12 million in tax income in April.

The numbers had been about the identical for March, even with on-line playing being legalized about mid-way by means of the month.

With the Celtics and the Bruins within the playoffs in April, Massachusetts ranked fourth within the nation for sports activities betting, simply beating out Nevada, however dropping to New York, New Jersey and Pennsylvania.

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