The video discusses the current status of online sports betting in Massachusetts. Legal retail sports betting is already live in the state since January 31st, 2023, but online sports betting is yet to launch. The proposed launch date for online sports betting in Massachusetts is March 10th, 2023, which coincides with the March Madness Tournament.
The Commonwealth sports betting law prohibits wagering on in-state colleges except in matters of tournament play. Initially, 11 sportsbooks were issued licenses for Massachusetts, but PointsBet withdrew its application on February 23rd. Currently, DraftKings, FanDuel, Barstool, BetMGM, BetRivers, Caesars, and Win Bet have received licenses for online sports betting in Massachusetts. Some sportsbooks are targeting a later launch date, with Betway aiming for 2024.
Legal Sports reports project that the first-year revenue for Massachusetts sports betting could be between 0 million and 0 million. For more information on sports betting, one can visit vsn.com.
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