The Massachusetts Gaming Commission (MGC), the playing regulator in the state, introduced that the gaming income reported by licensed operators final month hit $92 million.
GGR for Massachusetts’ Three Gambling Venues Hits $92M
On Thursday, the MGC launched its newest report outlining the monetary efficiency of the state’s three licensed casinos, Plainridge Park Casino, MGM Springfield and Encore Boston Harbor in August. Judging by the current consequence, the gross gaming income (GGR) for the three casinos didn’t surpass the income reported for a similar interval final yr. In truth, $92 million was the GGR reported in August this yr, as nicely as August 2021.
GGR final month didn’t surpass the consequence from final yr and neither did the taxes raised for the state. In whole, the three operators in Massachusetts paid $25.9 million in taxes. This determine didn’t surpass the consequence reported in August 2021, when the state collected $26.2 million in taxes.
A breakdown offered by the MGC reveals that Encore Boston Harbor paid $14.5 million in taxes. The playing venue is topic to a 25% tax. On the opposite hand, slots-only Plainridge Park Casino, which is topic to 49% tax, reported the second-highest paid taxes final month. In whole, the venue paid almost $5.9 million. Last however not least, MGM Springfield, topic to 25% taxes, paid $5.5 million in taxes final month.
Encore Boston Harbor Reports Highest Revenue
Last month, the very best GGR was reported by Encore Boston Harbor. In whole, the venue reported $58.1 million in GGR, marking a slight enhance when in comparison with the $57.9 million reported for a similar interval final yr. According to the MGC, Encore Boston Harbor has seen $22.7 million in desk video games GGR, whereas the venue’s slots GGR final month was $35.4 million.
The second-highest GGR final month was reported by MGM Springfield. The venue’s GGR in August hit $22 million, up barely from the $21.8 million reported for a similar month in 2021. The $22 million in GGR breaks all the way down to $4.5 million in desk video games income as nicely as $17.5 million in slots income.
Last month, Plainridge Park Casino reported the bottom GGR. The slots-only venue has seen a complete of $12 million in GGR. When in comparison with the $12.7 million reported in August 2021, a lower of 5.5% is noticed.
