Sports betting enthusiasts in Massachusetts have a reason to celebrate as the state’s sportsbook fanatics online have received clearance for launch. The Massachusetts Gaming Commission (MGC) recently approved the launch of online sports betting in the state, paving the way for sports fans to place bets on their favorite teams and events from the comfort of their homes.

The MGC’s decision comes after a long-awaited process that began in 2019 when Governor Charlie Baker signed a bill legalizing sports betting in Massachusetts. The bill allowed for both retail and online sports betting, but the latter required regulatory approval before launching.

Now that the MGC has given the green light, licensed operators can begin offering online sports betting to customers. The commission has already approved several operators, including DraftKings, FanDuel, MGM, and BetMGM, to offer online sports betting in the state.

The launch of online sports betting in Massachusetts is expected to generate significant revenue for the state. According to a report by Eilers & Krejcik Gaming, online sports betting could generate up to $1.9 billion in annual revenue for Massachusetts once the market is fully established.

In addition to generating revenue, online sports betting is expected to provide a boost to Massachusetts’ sports industry. With more people able to place bets on games and events, there is likely to be increased interest and engagement in sports across the state.

However, there are still some concerns about the impact of online sports betting on problem gambling. To address these concerns, the MGC has implemented several measures to promote responsible gambling. For example, licensed operators are required to offer self-exclusion programs and limit deposits for customers who may be at risk of developing gambling problems.

Overall, the launch of online sports betting in Massachusetts is a positive development for sports fans and the state’s economy. With regulatory approval now in place, licensed operators can begin offering online betting services, providing a convenient and exciting way for sports enthusiasts to engage with their favorite teams and events.