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NEWS 16 August 2019

Massachusetts casinos generate $81m GGR for July

By Matthew Enderby

The Massachusetts Gaming Commission reported $81m in gross gaming revenue (GGR) was generated across Plainridge Park Casino, MGM Springfield and Encore Boston Harbor for July.

This represents a year-on-year increase of more than 400%, although it is an unfair comparison as only Plainridge was open in July 2018.

Encore, which opened on 23 June, generated the highest GGR out of the three Massachusetts venues.

It made $27.4m from table games and $21.2m from slots, totalling $48.6m. It paid taxes of $12.1m.

MGM Springfield paid taxes of $5.1m from its total GGR of $20.4m. It took $4.9m from table games and $15.5m from slots.

Plainridge generated GGR of $12.5m, down 17%, all of which was made from slots, and paid taxes of $6.1m.

Plainridge faces the highest tax rate of the three, 49%, as it is a category two slots facility, while MGM and Encore are both taxed 25%.

From Plainridge’s taxed total, 82% is paid to Local Aid and 18% allotted to the Race Horse Development Fund.

Taxes from MGM and Encore, both category one resorts, are divided among several state funds, as set out by the gaming statute.

To date, the Commonwealth has collected approximately $410m in total taxes and assessments from the three venues since the respective openings of each facility.

RELATED TAGS: Land-Based | Industry | Financial | Casino
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