Massachusetts´ share of casino revenues hits record in July
Tuesday 17 de August 2021 / 07:10
2 minutos de lectura
(Massachusetts).- The two resort casinos and lone slots parlor in Massachusetts raked in $95.74 million in gaming revenue last month, generating a record $27 million in taxes and fees for the state in the process.
Encore Boston Harbor led the way in July with a record-high $59.07 million in gaming revenue, the Mass. Gaming Commission announced Monday. The Everett casino’s slots brought in $34 million last month from $402.82 million in wagers while its table games generated just more than $25 million. One quarter of Encore’s monthly gaming revenue is due to the state as tax, working out to about $14.77 million for state coffers.
In terms of revenue, MGM Springfield had its best month since before Encore opened in June 2019. The Springfield casino counted $23.71 million in gaming revenue in July — slots produced $18.95 million in revenue from $219.4 million wagered and table games generated about $4.76 million in revenue. MGM Springfield also pays a 25% state tax on gross gaming revenue, about a $5.93 million levy last month.
At Plainridge Park Casino in Plainville, July was similarly the best revenue month since the opening of Encore. The slot machines there took in $185.68 million last month and kept $12.95 million as revenue, a payout percentage of 93.02%. Plainridge Park's revenue, taxed at a rate of 49%, generated more than $6.34 million in taxes and fees for state government.
Since legalizing gambling in 2011, Massachusetts has collected more than $842.66 million in gaming revenues — about $438.4 million from Plainridge Park, about $158.16 million from MGM and about $246.1 million from Encore Boston Harbor. Based on historic monthly averages, Massachusetts can expect almost $259.5 million in average annual gaming revenue.
By Colin A Young
Categoría:Gaming
Tags: Sin tags
País: United States
Event
SBC Summit Americas 2025
13 de May 2025
Konami Gaming Expands Global Presence with K-Pow! Pig, iGaming Growth and AI Innovation
(Fort Lauderdale, SoloAzar Exclusive).- Konami Gaming is making waves in the industry with its latest game releases, strategic iGaming expansion, and cutting-edge AI technology. At SBC Summit Americas, Eduardo Aching, Vice President of International Gaming Operations, highlights the company's commitment to omnichannel availability, player engagement, and advanced casino management solutions. Read more in this article!
Tuesday 10 Jun 2025 / 12:00
Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In this Q&A, Slobodan Georgijevski, Soft2Bet Senior Sales Manager, highlighted innovation and presence of the firm at recent SBC Summit Americas, and shared a broader industry insight and evolution over the years.
Friday 06 Jun 2025 / 12:00
Belatra Games Unveils 'Cyber Gypsies' and AI-Driven Innovations at SBC Summit Americas 2025
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2025, Belatra Games took center stage with groundbreaking innovations, introducing its newest slot experience, Cyber Gypsies. Alongside this thrilling launch, it reinforced its commitment to AI, gamification, and player protection, setting a new standard for engaging and responsible gaming. But what makes these innovations stand out, and how is Belatra redefining industry trends? Let’s dive in.
Thursday 05 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.