According to a previous report from the company, a request was submitted to the Massachusetts Gaming Commission (MGC) earlier this month. The request, along with a similar request from Betr, was approved by the MGC.
All customers will have 30 days to withdraw funds from their accounts while a decision on pending futures bets and parlay wagers will be made within the coming days.
Retail to Remain in Play
While WynnBet has opted to exit the online market, its retail operations in at Encore Boston Harbor will remain open. At present, the sportsbook is one of three retail outlets available in the state.
More State Exits to Follow
WynnBet Exits Massachusetts Online Sports Betting MarketWynnBet Exits Massachusetts Online Sports Betting Market“In light of the continued requirement for outsized marketing spend through user acquisition and promotions in online sports betting, we believe there are higher and better uses of capital deployment for Wynn Resorts shareholders.”
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.