The Massachusetts Gaming Commission has Plans for Retail and Online Sportsbooks
Legal sports betting in Massachusetts has a launch date in late January on the retail level and early March for online sports betting. The state’s Massachusetts Gaming Commission addressed the matter in a public meeting on Thursday, Oct. 26.
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Boston-based DraftKings Sportsbook request for a universal launch date for the state’s retail and online sports betting was turned down. The Massachusetts Gaming Commission held firm on its original proposal.
DraftKings sent a letter to the Massachusetts Gaming Commission on Oct. 13. The letter stated:
“This decision to launch mobile sports wagering after retail sports wagering would artificially limit consumer choice and consumer protections, stunt the state’s sports wagering market and put mobile first operators, such as DraftKings, at a competitive disadvantage compared to others.”
The DraftKings’ letter also stated:
“DraftKings urges the Commission to set one universal launch date for all sports wagering in the Commonwealth that encompasses both in person and online wagering.”
The MGC was resolved upon sticking with the original plan.
Massachusetts has Five Land-Based Casinos With Retail Sportsbooks
Encore Boston Harbor (WynnBET), MGM Springfield (BetMGM) and Plainridge Park (Barstool Sportsbook) are three of the most prominent land-based casinos with retail sportsbooks in Massachusetts. Opening in late January will accommodate the NFL’s conference championship games leading up to the Super Bowl.
The Massachusetts Gaming Commission agreed that opening retail sports betting will fall in-line for the late-January timeframe. The state’s five retail sportsbooks are all part of the plan.
Massachusetts has 24 Online Sportsbooks
The state’s 24 online sportsbooks will wait until in early March to go live with legal sports betting to accommodate the college basketball NCAA Tournament. Besides the NFL’s Super Bowl, the men’s college basketball NCAA Tournament is the most heavily betting event of the season.
The MGC is expected to meet on Nov. 10 to work out the details of the arrangement. Beginning late January in the retail sports betting trade and continuing on early March with online sportsbooks, Massachusetts will be set with offering legal sports betting on top of casino gambling.
Legal Sports Betting in Massachusetts
The MGC is expecting all 29 sportsbook operatives to have licenses due Nov. 21. The state’s retail and online sportsbooks could amount to $70 million annually in revenue from land-based and mobile sports betting. This is on top the $70 million procured from gaming licenses.
Massachusetts has much to gain for legalizing sports betting in the entire Commonwealth. The retail sportsbooks can boost the land-based casinos from a profit standpoint and online sportsbooks can boost the state as a whole from legal sports betting revenue.
State legislators are thrilled to offer a win/win plan for Massachusetts sportsbooks and sports bettors that can raise money for state and local budgets.
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