6 Sportsbook Apps Officially Approved For Friday Massachusetts Launch

Customers in Massachusetts will have access to specific sportsbooks starting from March 10 at 10 a.m., as online sports betting officially kicks off.

During a public meeting held by the Massachusetts Gaming Commission, operations certificates were awarded to six sports betting operators, granting them permission to run their apps in the state. All six applications received unanimous approval with a 5-0 vote.

Friday will mark the launch of six new apps.

• DraftKings Sportsbook
• BetMGM
• Caesars Sportsbook
• WynnBET
• FanDuel
• Barstool Sportsbook

Massachusetts has recently entered the sports betting industry as the MA mobile sports betting licenses and associated certificates have been granted. As a result, sportsbooks are now able to accept wagers starting Friday morning.

How much did all this cost for sportsbooks?

Massachusetts demands a hefty price from Category 3 licensees, necessitating a non-refundable application fee of $200,000 and a $5 million license fee. Consequently, the Commonwealth becomes one of the costliest states for sportsbooks to conduct their operations.

In Massachusetts, individuals who are 21 years old or older can engage in sports betting through mobile sports apps or online platforms. This law permits betting on various professional sports leagues such as NBA, NHL, MLB, and NFL, as well as sports like golf, tennis, MMA, UFC, and more. While betting on college sports is allowed, it is important to note that no bets can be placed on events involving Massachusetts-based schools. However, an exception is made for collegiate tournaments like March Madness.

Mobile sports betting operators will face a 20% tax on their revenue, which is not the highest rate in the country but still ranks among the highest. Around half of this tax revenue will be allocated to the state’s General Fund, while the remaining portion will be designated for four specific state programs.

Offshore betting will be significantly reduced

At present, approximately 51% of sports enthusiasts in Massachusetts are already engaged in sports betting, as indicated by a recent Play MA survey. These individuals have been placing their bets through various means such as retail sportsbooks, offshore platforms, or out-of-state sources. However, the introduction of online sports betting in Massachusetts will bring about regulation by the state, ensuring consumer protection and generating tax revenue for the state. As of Friday morning, a significant portion of this betting activity can be conducted within the regulated framework.

If you or someone close to you is facing issues related to gambling, reach out to a skilled specialist for free assistance, round the clock. Simply dial 1-800-327-5050 or access www.mahelpline.org/problemgambling.