Fanatics Sportsbook, a rapidly expanding player in the mobile sports betting sector, has embarked on beta testing in Massachusetts, marking its third entry into the mobile sports betting market in the United States. Building on its presence in Ohio and Tennessee, Fanatics is looking to capture the growing appetite for sports wagering in Massachusetts.
Fanatics Beta Testing in Massachusetts:
Fanatics Sportsbook has launched an extended beta testing program in Massachusetts, making it the operator’s third state to offer mobile sports betting. Eligible Fanatics customers in Massachusetts will be invited to participate in the testing program, while non-Fanatics customers can join the waiting list by downloading the Fanatics Sportsbook app on iOS and Android.
Massachusetts Gaming Commission Approval:
The Massachusetts Gaming Commission (MGC) unanimously granted an operations certificate to Fanatics Betting and Gaming, paving the way for the operator to enter the Massachusetts market.
Industry-Led Responsible Gaming Standards:
Fanatics Betting and Gaming has joined a coalition of online gaming operators committed to industry-led responsible gaming standards. Formed in September, this coalition includes notable industry players such as Bally’s, BetMGM, DraftKings, Entain, FanDuel, Hard Rock Digital, MGM Resorts International, and PointsBet. This collective effort underscores the commitment to ensuring responsible gaming practices in the growing US sports betting market.
Massachusetts Gaming Revenue Snapshot for April:
The Massachusetts Gaming Commission reported impressive gaming revenue figures for April. The combined taxable gaming revenue from casino wagering reached $101 million. Key contributors to this total included Encore Boston Harbor with gross gaming revenue of $63.9 million, MGM Springfield with $23.7 million, and Plainridge Park Casino with $13.4 million.
Robust Sports Wagering Activity:
Sports wagering continues to flourish in Massachusetts, with a total of $579.2 million wagered on sports through both in-person and online betting channels. Online sports betting took the lion’s share, accounting for $566.2 million, while in-person casino sports bets reached $13 million. These figures highlight the robust and growing interest in sports wagering activities in the state.
Significant Taxable Sports Wagering Revenue:
For the month of April, approximately $58.9 million in taxable sports wagering revenue (TSWR) was generated by the six mobile/online sports wagering licensees and the three in-person licensees. These figures underline the financial benefits for both the operators and the state resulting from the expanding sports betting market in Massachusetts.
Fanatics Sportsbook’s entry into the Massachusetts market is a significant step in the company’s US expansion plans. Their commitment to responsible gaming standards, along with the impressive gaming and sports wagering revenue figures in Massachusetts, highlights the tremendous potential and continued growth of the sports betting industry in the United States.