Gaming

Massachusetts: MGM Springfield gaming revenue rises in November

Thursday 16 de December 2021 / 09:51

⏱ 1 min read

(Massachusetts).- Gross gaming revenue dipped by approximately $8 million in Massachusetts in November compared to October, though MGM Springfield experienced a rise in numbers, according to the state gaming commission.

Massachusetts: MGM Springfield gaming revenue rises in November

Combined gross gaming revenue from all three casinos — MGM Springfield, Encore Boston Harbor and Plainridge Park Casino — was approximately $88 million in November, as compared to $96 million in October, the commission said in its monthly report.

MGM Springfield garnered approximately $21.7 million in gross gaming revenue, as compared to $21.4 million in October, increasing by $228,359.22 month to month. MGM’s revenue in November included about $5.7 million in table games revenue and nearly $16 million from slot machines.

MGM Springfield’s gaming revenue had also increased in October, after dropping to $19.4 million in September.

Encore had $55.2 million in gross gaming revenue in November, as compared to $62.8 million in total revenue in October, the commission reported. The total consisted of approximately $25.1 million from table games and $30.1 million from slots.

Plainridge had a total of nearly $11 million in gross gaming revenue in November as compared to $11.7 million in October.

The three casinos paid a total of $24.6 million in taxes to the state based on the revenues in November.
MGM Springfield and Encore are category 1 resort-casinos and are taxed on 25% of their gross gaming revenue. The taxes are allocated to several specific state funds under gaming law.

Plainridge is a category 2 casino, providing slots only, and is taxed on 49% of its gross gaming revenue. Of that total, 82% is paid to local aid and 18% is allotted to the Race Horse Development Fund.

By Peter Goonan

Categoría:Gaming

Tags: Sin tags

País: United States

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