Massachusetts casinos’ rake in $92 million, matching 2021 figures

The Plainridge Park, MGM Springfield, and Encore Boston Harbor casinos raked in approximately $92 million in gross gaming revenue (GGR) during the month of August, according to the reports from the state agency that regulates gambling, the Massachusetts Gaming Commission (MGC).

The total amount of GGR generated by the three casinos did not exceed the amount of revenue that was recorded for the same time period the previous year. In point of fact, the GGR that was recorded for the month of August in both this year and 2021 was $92 million.

The Plainridge Park Casino brought in $12 million, while the MGM Springfield Casino was responsible for $22 million in income, and the Encore Boston Harbor disclosed hauling in $58 million.

Over the course of the previous month, Plainridge Park Casino recorded the lowest GGR. The slots-only establishment has generated a total of $12 million in GGR. A 5.5% drop can be seen when compared to the previous month’s total of $12.7 million, recorded in August 2021.

The MGM Springfield reported the second-highest GGR for the month that just passed. The monthly gross gaming revenue for the venue reached $22 million in August, representing a modest increase when compared to the $21.8 million that was recorded for the exact same month in 2021. The $22 million in gross gaming revenue is broken down as follows: Table games contributed $4.5 million, while slot machines contributed $17.5 million.

Encore Boston Harbor reported the highest GGR. Overall, the venue reported a GGR of $58.1 million, which is a little improvement in comparison to the GGR of $57.9 million that was recorded for the same time period the previous year. According to the MGC, Encore Boston Harbor’s GGR for its table games was $22.7 million in the previous month, while the venue’s GGR for its slots was $35.4 million.

Tax generated to the Massachusetts state

The GGR for the previous month did not exceed the figure from the previous year, and neither did the amount of taxes generated for the state. The three operators in Massachusetts were responsible for a total tax payment of $25.9 million. This number was not able to beat the result that was released in August 2021, which stated that the state had received $26.2 million in taxes.

In contrast to the previous year, the state experienced a decrease in GGR of 0.4%. Although it is anticipated that this statistic will change in 2023 as a direct result of the legalization of sports betting in the state.

According to the analysis that was provided by the MGC, Encore Boston Harbor paid approximately $14.5 million in taxes. The gaming establishment is subject to a 25% tax. Plainridge Park Casino, which exclusively offers slot machines and is imposed at a tax rate of 49%, recorded the second-highest amount of taxes paid during the past month. The venue ended up spending close to $5.9 million overall. MGM Springfield, which is required to pay taxes at a rate of 25%, shelled out $5.5 million in taxes during the previous month.

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