Reports & Data

Casino and Sports Wagering Revenue by MGC Releases in January 2025

Friday 21 de February 2025 / 12:00

MGC

⏱ 2 min read

(Massachusetts).- MGC reported approximately $97.95 million in Gross Gaming Revenue.Additionally, approximately $94.37 million in taxable sports wagering revenue (TSWR) was generated.

Casino and Sports Wagering Revenue by MGC Releases in January 2025

The Massachusetts Gaming Commission reported today that the month of January 2025 at Plainridge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Harbor (EBH) generated approximately $97.95 million in Gross Gaming Revenue (GGR).

Additionally, approximately $94.37 million in taxable sports wagering revenue (TSWR) was generated across the eight mobile/online sports wagering licensees and the three in-person licensees for the month of January.

Gross Gaming Revenue (casino gaming)

PPC, a category 2 slots facility, is taxed on 49% of GGR. Of that total taxed amount, 82% is paid to Local Aid and 18% is allotted to the Race Horse Development Fund. MGM Springfield and Encore Boston Harbor, category 1 resort-casinos, are taxed on 25% of GGR; those monies are allocated to several specific state funds as determined by the gaming statute.

To date, the Commonwealth has collected approximately $1.988 billion in total taxes and assessments from the casino operations of PPC, MGM and Encore since the respective openings of each gaming facility.

View comprehensive revenue reports for each gaming licensee here.

Sports Wagering Revenue

EBH, MGM, and PPC are licensed as Category 1 Sports Wagering Operators, which allows them to operate a retail sportsbook at their respective property. Category 1 operators are taxed on 15% of TSWR.

Bally Bet, BetMGM, Caesars Sportsbook, DraftKings, ESPNBet, Fanatics Betting & Gaming, and FanDuel are licensed as Category 3 Sports Wagering Operators, which allows them to operate a mobile or online sportsbook. Category 3 Sports Wagering Operators are taxed on 20% of TWSR.

Betr and WynnBet had been licensed operators in the Commonwealth from February 2023 through early 2024, but neither renewed its license following the one-year temporary license period.

Of the total taxed amount for all operators, 45% is allotted to the General Fund, 17.5% to the Workforce Investment Trust Fund, 27.5% to the Gaming Local Aid Fund, 1% to the Youth Development and Achievement Fund, and 9% to the Public Health Trust Fund.

To date, the Commonwealth has collected approximately $241.30 million in total taxes and assessments from the sports wagering operations of licensed operators since sports wagering began in person on January 31, 2023, and online on March 10, 2023.

When an operator’s adjusted gross sports wagering receipts for a month is a negative number because the winnings paid to wagerers and excise taxes paid pursuant to federal law exceed the operator’s total gross receipts from sports wagering, the Sports Wagering Law allows the operator to carry over the negative amount in tax liability to returns filed for subsequent months.

Categoría:Reports & Data

Tags: Sin tags

País: United States

Región: North America

Event

iGaming tech leader Cristina Turbatu commends ICE Barcelona's vision for Hall 7

(Barcelona).- iGaming tech veteran Cristina Turbatu—former CTO at Casumo and BeyondPlay—has applauded ICE Barcelona for establishing an Advisory Board to guide the development of the new Hall 7 at Fira Barcelona.

Tuesday 20 Oct 2026 / 12:00

CGA Showcases Canada’s Competitive Edge at ICE Barcelona

(Barcelona).- The Canadian Gaming Association will leverage the international platform provided by ICE Barcelona to highlight the opportunities within Canada's $23 billion regulated gaming market.

Tuesday 13 Oct 2026 / 12:00

ICE Barcelona Hosts WorldGaming-Backed Nineball Championship in 2027

(Barcelona).- The World Nineball Tour is set to make its debut in Spain with the inaugural World Grand Prix, taking place from January 18–20, 2027, at ICE Barcelona following a strategic partnership between Matchroom, WorldGaming, and ICE Barcelona.

Tuesday 06 Oct 2026 / 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.