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 track to beat projections for tax revenue from sports betting, raking in more than $22 million in about two months.

The first two months of online sports betting in Massachusetts have exceeded the state's financial expectations, according to data from the Massachusetts Gaming Commission, says promos and offers have driven 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 said.Data from the Massachusetts Gaming Commission shows sports fans gambled nearly $580 million in total, online and in-person, in April. Online gambling beating out in-person by a mile.The numbers were about the same for March, even with online gambling being legalized about mid-way through the month.

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