The Massachusetts Gaming Commission announced on Tuesday financial results for July 2022 at MGM Springfield, Plainridge Park Casino and Encore Boston Harborwhich was equivalent to a total of approximately $99 million in gross gaming revenue. The figure represents an increase of $3 million, or 3.1%, from $96 million in July 2021.
Of the $99 million the largest share came from Encore Boston Harbor. The Everett Casino hosted $64.7 million – more of $35 million in slots and $29.67 million in table games.
MGM Springfieldthe only other large-scale casino in the state, reported revenue of $21.5 million in July. More … than $17.27 million came from Springfield Slots. Meanwhile, Plainridge Park Casino reported $12.4 million in revenue, which came from slot machines.
Encore’s monthly revenue translates to just over $16.18 million in taxes and royalties for the state, while MGM’s monthly gaming revenue is approximately $5.39 million for state coffers.
Nowadays, the Commonwealth collected approximately $1.155 billion in total taxes and ratings of PPC, MGM and Encore since each gambling establishment’s respective openings.
As reported this week, Massachusetts gaming regulators are expected to sit down with the state’s gaming interests this Thursday. –including casinos, simulcast centers and slot machines– to discuss their plans for the upcoming sports betting market. Sports event betting was passed by lawmakers earlier this month thanks to a last-minute compromise as formal sessions drew to a close, a move Senator Eric Lesser said in a new interview should allow the Bay State to catch up with its neighbors.
The new gaming law, which was signed by Governor Charlie Baker last week, calls for a framework that includes two main categories: in-person betting licenses (plus mobile allowances) for the state’s two casinos, two simulcast centers and a slot machine lounge; and up to seven separate mobile betting licenses be awarded through a competitive bidding process.