Bettors set their own record last month by putting about $678.75 million on the line as wagers on September sporting events. That unseats the previous record monthly handle of $658.7 million wagered on events in December 2023.
Sports betting
Posted inBy The Numbers
Sports betting is soaking ‘financially constrained’ households
The study linked sports betting to “a large decrease” in deposits to brokerage accounts, accompanied by “decreased credit availability, increased credit card debt, and a higher incidence rate of overdrawing bank accounts.”
Posted inGambling
Addiction in mind, Mass Gaming officials mull stricter advertising regulations
Researcher Rachel Volberg advised restricting celebrity endorsements to reduce their appeal to young people and problem gamblers. Volberg emphasized the importance of monitoring emerging forms of advertising on social media platforms, which can be more insidious and harder to regulate.
Posted inGambling
Mass. residents placed $568m in sports bets in March
MASSACHUSETTS RESIDENTS placed $568 million in legal sports bets in March, with 77 percent of the money wagered with DraftKings and FanDuel. March was the first month where the state’s six online licensees and three brick-and-mortar casinos were all taking sports bets, so the numbers provide the first indication of sports betting’s popularity in Massachusetts. […]
Posted inGambling
Gaming Commission rejects bid to bet on Boston Marathon
STATE HOUSE NEWS SERVICE LEGAL BETTING will not be allowed in Massachusetts on this year’s Boston Marathon after a request from DraftKings to take wagers was met with opposition from race organizers and gambling regulators. DraftKings had asked the Gaming Commission to add the Boston Marathon to the catalog of events approved for wagering in […]
Posted inGambling
Sports betting opens with big bang
STATE HOUSE NEWS SERVICE MORE THAN 400,000 mobile sports betting accounts were active during the first three days online was available in Massachusetts and more than 8 million transactions took place, making Massachusetts the fifth busiest mobile betting state in the country last weekend. GeoComply, a vendor that provides the Gaming Commission with geolocation and fraud […]
Posted inGambling
Start dates for in-person sports betting set
STATE HOUSE NEWS SERVICE THE GAMING COMMISSION on Thursday narrowed the launch date for in-person sports betting in Massachusetts and it appears as if the first bets could be placed during a “soft launch” on Monday, January 30 by people hand-picked by the commission and the betting companies. The rollout that the commission discussed but […]
Posted inGambling
Sports betting could start in late Jan., maybe
STATE HOUSE NEWS SERVICE AN EMERGENCY MEETING called Friday was still not enough for the members of the Gaming Commission to agree on actual dates for the potential launch of sports wagering here, but they were at least able to agree on broad windows of time for the start of in-person and mobile betting next […]
Posted inThe Download
Gaming Commission struggling with when to launch sports betting
One advantage Massachusetts has in being late to legalize sports betting – 36th according to the American Gaming Commission – is it can learn from other states on how to stand up the industry. Research compiled by the Massachusetts Gaming Commission made clear that state regulators are looking closely at other states’ operations. One initial […]
Posted inGambling
Gaming Commission struggling with when to launch sports betting
ONE ADVANTAGE Massachusetts has in being late to legalize sports betting – 36th according to the American Gaming Commission – is it can learn from other states on how to stand up the industry. Research compiled by the Massachusetts Gaming Commission made clear that state regulators are looking closely at other states’ operations. One initial […]