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DraftKings, FanDuel Tops in Massachusetts For Q1 2024

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DraftKings, FanDuel Tops in Massachusetts For Q1 2024


Boston Celtics forward Jayson Tatum dribbles around Dallas Mavericks guard Luka Doncic

Mar 1, 2024; Boston, Massachusetts, USA; Boston Celtics forward Jayson Tatum (0) drives the ball against Dallas Mavericks guard Luka Doncic (77) in the second half at TD Garden. Mandatory Credit: David Butler II-USA TODAY Sports

  • Six licensed operators presented their 2024 first quarter results to the Massachusetts Gaming Commission
  • FanDuel, DraftKings were far and away the top operators in the state during its first three months of 2024
  • The commission did not ask operators questions about limiting users, but the topic was addressed

DraftKings and FanDuel dominated the Massachusetts sports betting landscape for the first three months of 2024.

The state’s six licensed online sports betting operators today presented their Q1 2024 results to the Massachusetts Gaming Commission, updating the regulatory body on their total revenues, taxes, and responsible gaming measures for the first three months of the year.

As expected, DraftKings and FanDuel were by far the two most popular operators in the state, combining to bring in more than $28 million in tax revenue for the commonwealth through March.

Nobody Close to the Top Two Operators

DraftKings and FanDuel both tallied the highest revenue totals and tax revenues for the state, with hardly any of the other four licensed category 3 sports betting operators coming close their Q1 totals.

DraftKings reported $91,855,541 in total revenues through the first three months, which led to  $17,931,533, good for a 10.2% hold. FanDuel reported $54,351,010 in total revenue in Massachusetts, with $10,870,202 going into the Massachusetts tax coffers, good for a 10.25% hold rate.

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No other licensed operator in the state eclipsed more than $3 million in tax revenue for Q1 2024.

Here are the total revenues and tax revenues for the remaining operators:

  • BetMGM: $10,127,132 in total revenue. $2,025,426 in Massachusetts tax revenue
  • Caesars Sportsbook: $3,129,923 in total revenue. $2,966,738 in Massachusetts tax revenue
  • ESPN BET: $6,585,180 in total revenue. $1,317,036 in Massachusetts tax revenue
  • Fanatics Betting and Gaming: $3,148,459 in total revenues. $603,625 in Massachusetts tax revenue

Touchy Subject Briefly Broached

Most watching the reports online wondered if the Massachusetts Gaming Commission would touch on the operators not participating in a recent public meeting held by the commission to discuss the practice of limiting users who win too often.

This is the first public meeting the operators attended since declining to attend the limit meeting, but the MGC did not broach the subject during the day.

MGC Interim Chair Jordan Maynard, however, did briefly mention the subject. The interim chair revealed that FanDuel reached out to the commission last Friday hoping to discuss the practice in a non-public meeting.

While Maynard thanked the operator for attempting to set the record straight, he said discussions on the subject would only take place in a public setting.

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“I will ensure that FanDuel and any other operator know that each commissioner will need to be updated in a way that is transparent and fully compliant with the open meeting law. That said, I wanted to acknowledge that reach out and I’m hopeful for the future as our learning on this issue continues,” he said.

A follow up discussion on limiting users has been set by the MGC for Thursday, June 20.

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Robert Linnehan

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Regulatory Writer and Editor

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Massachusetts

QB Alejandro Bennifield lifts Massachusetts Pirates into Indoor Football League title game

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QB Alejandro Bennifield lifts Massachusetts Pirates into Indoor Football League title game


“We just take every day as a new day and every team as a new opponent to prepare for. We don’t really look in the past, we make our corrections, but we just stick to what we do and it’s been paying off for us.” Pirates star Alejandro Bennifield

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Massachusetts woman arrested for reckless driving on I-395 in Killingly

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Massachusetts woman arrested for reckless driving on I-395 in Killingly


KILLINGLY, CT (WFSB) – A woman from Massachusetts was arrested after driving recklessly on I-395 in Killingly Saturday afternoon.

State police say that at around 4:40 P.M., a trooper was conducting speed enforcement along I-395 south in the area of exit 50 in Thompson when he saw a vehicle traveling at a speed higher than the posted limit.

The vehicle, operated by 19-year-old Amanda Dias-Reis from Framingham, Massachusetts, was traveling 99 MPH in a 65 MPH zone.

The trooper attempted to stop Dias-Reis and caught up to her in the area of exit 45 in Putnam at a construction zone.

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Once she exited the zone, she accelerated up to 115 MPH. She pulled over after the trooper turned his siren and emergency lights on.

She said that she was heading to see a friend and offered no explanation for her speed.

She is charged with reckless driving and was released on a $500 bond.

She is scheduled to appear in Danielson Superior Court on August 20th.

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Nantucket blasts Massachusetts state senator for leaving meeting early: ‘A disgrace’

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Nantucket blasts Massachusetts state senator for leaving meeting early: ‘A disgrace’


Nantucket residents are blasting state Sen. Julian Cyr, D-Cape and Islands, for not staying at a Select Board meeting that addressed Vineyard Wind, while the senator is connecting his departure to travel logistics.

Cyr traveled to Nantucket for Wednesday’s Select Board meeting, his first appearance at a meeting following last month’s incident, resulting in a debris mess across the island and region.

But the senator told the board and residents in attendance he couldn’t stay for the entire meeting because he had to catch a ferry to get back to Provincetown, where he lives. He added he’d listen to the rest of the meeting remotely.

State Rep. Dylan Fernandes, who also represents the island, didn’t attend the meeting, featuring representatives from federal and state environmental agencies.

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“It is a disgrace that Mr. Cyr has left, and we haven’t seen Mr. Fernandez,” resident Amy DiSibio said. “I actually feel very sorry for this Select Board because this is way beyond the scope of what you should be doing.”

Speaking with the Herald on Thursday, Cyr said he showed up at Nantucket Town Hall around 4:45 Wednesday afternoon and spoke with several concerned residents. His arrival came after an hour-and-a-half drive from his home in Provincetown to Hyannis to board the ferry, he said.

The Select Board, Cyr said, offered him and other guests to speak virtually, but he opted to go in person because he found the meeting “important.”

“Obviously, there’s quite a bit of travel involved with going to them due to the boat schedule,” Cyr said. “I had to get a boat so I stayed at the meeting and listened, and then I listened the whole rest of the way.”

“I am actually pretty present on the island,” he added. “At the end of my remarks, I said I was going to stay as long as I could and I was going to be listening to the rest of the meeting on the ferry ride home so I was pretty transparent about that.”

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Val Oliver is the founding director of ACK4Whales, a group of concerned residents fighting the Vineyard Wind project. She voiced frustration over how Cyr and the state as a whole have responded to the blade failure.

“My main comments are going to be for our senator,” Oliver said, “but I see his interest, as usual, is not in helping Nantucket, and he has left. He didn’t care enough to come when it happened.”

“Our state government is in an all-on push for this regardless of what the outcome is,” she added. “They have set these lofty goals and really don’t know what’s going to happen, and it’s evident by all of the agency speak that we get.”

A Herald analysis last month found that employees who list Avangrid, Vineyard Wind’s parent company, as their employer had made 217 donations totaling $57,677 to dozens of state and local campaigns since March 2018, two months before the Baker administration selected a Vineyard Wind bid for contract negotiation.

Cyr has collected 17 contributions for $3,036 since 2021, according to the state Office of Campaign and Political Finance. Five of those, totaling $1,300, came from his former chief of staff, Patrick Johnson, who currently serves as Avangrid’s director of public affairs.

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In a statement he read to the Select Board, Cyr commended the town for its “leadership and calmness” in the aftermath of the debacle. He demanded better communication from GE Vernova and Vineyard Wind, saying he was “deeply disturbed” that he found out about the failure two days later.

“Of course, we have been strong partners in representing this island going on eight years,” Cyr told the board of the connection he and Fernanes share with Nantucket. “ Of course, we will continue to stay in close contact. We really view our role here as going to bat for the town and the town’s needs, desires and wishes.”

Cyr’s departure didn’t make a good impression on his challenger, Christopher Lauzon, a Republican from Barnstable vying for the Cape and Islands Senate seat.

“We are not here for political campaigning tonight, I’ll be honest with you,” Select Board Chairwoman Brooke Mohr told Lauzon before allowing him to speak during public comment.

“This is a serious problem for the entire district,” Lauzon said in a statement Thursday. “We need a senator who cares and doesn’t have a conflict of interest with Avangrid. As the next senator I will protect the environment and interests of the district, not corporations.”

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