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Sportsbooks across Massachusetts saw a dip in total wagers during June 2025, but they still managed to pull in some of their strongest profits thanks to unusually high win rates. Despite the handle dropping below $600 million for the first time since last August, operators posted nearly $63.4 million in gross revenue—close to 50% more than the same month last year.
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The Massachusetts Gaming Commission reported a handle of $532.7 million in June, down about 10% from the $590.3 million wagered in June 2024. The drop in betting volume did not hurt operators’ earnings, though. Thanks to an unusually high 11.6% hold, they managed to generate $63.4 million in gross revenue—a jump of nearly 50% year-over-year.
The combination of NBA Finals action and steady MLB betting helped drive those returns. This was the fifth month out of the last six where total operator revenue passed the $60 million mark.
From April through June, Massachusetts sportsbooks racked up $208.8 million in gross revenue, representing a 37.5% increase from the same period in 2024. Most of that came from improved margins rather than higher volume. The average hold during those three months hit 11.4%, up from 8.9% a year earlier.
Underdog wins throughout the NBA postseason likely played a role in the books’ advantage. Several operators reported strong performance against bettors during playoff months, especially when favorites underperformed.
Online betting continued to dominate, accounting for $525.5 million of the total handle. Seven mobile sportsbooks brought in nearly all of the month’s revenue, with four of them achieving double-digit holds.
DraftKings remained at the top of the list with a $266.1 million handle and $32.1 million in gross revenue, helped by a solid 12% hold. FanDuel followed with a 12.8% win rate—the highest of any operator—and took in $17.8 million on a $138.9 million handle.
Other top performers included BetMGM, which posted $5.3 million in revenue on $45.8 million in wagers, and Fanatics Sportsbook, which had a 12.4% hold on $37.8 million. Caesars reported a lower 7.2% hold on $17.6 million, while ESPN BET came close to 10%, pulling in $1.5 million. Bally Bet stayed below 6% on $4 million in bets.
While online sportsbooks thrived, in-person operators had more uneven results. Encore Boston Harbor led in retail handle with $3.9 million but saw only $181,000 in revenue due to a win rate below 5%. MGM Springfield fared better, holding 16.8% on a $1 million handle. Plainridge Park Casino posted the best retail profit for the month with nearly $250,000 in revenue.
Overall, the state collected $12.4 million in taxes from operators in June, lifting the year-to-date total to over $80 million. Even as total betting dollars dipped, high win rates ensured that operators—and the state—came out ahead.