Massachusetts casino revenue falls for November

Follows a record-breaking month in October where the state’s properties earned $96m in gross gaming revenue.

The Massachusetts Gaming Commission has reported that the state’s casinos raised $88m in gross gaming revenue for November. This marks a modest decline after a record-breaking month in October that saw the Bay State’s properties earn $96m.

The Encore Boston Harbor saw a total GGR of approximately $55m in November, the combined total of $30m from slot machines and $25m from table games. This revenue saw the property put 25% or $13.8m towards state taxes.

Following on, the MGM Springfield paid $5.4m or 25% of its $21.7m GGR in taxes. This revenue was made up of $15.9m in slot revenue and $5.7m in table games revenue.

Lastly, with the lowest total gross gaming revenue was Plainridge Park Casino. The property raised a total GGR of $10.9m, this is made up entirely of slot machine earnings. In terms of taxes, the property paid $5.4m towards the state, a 49% tax rate.

This separate tax rate for Plainridge is due to it being a category 2 slots facility. Of the taxable income, 82% is paid to Local Aid and 18% is allocated to the Race Horse Development Fund.

To date, the state of Massachusetts has collected $945m in taxes.

This combined handle, while a modest month-on-month decline, marks an impressive yearly increase, with revenue growing 72% from November 2020. However, these numbers may be skewed by Covid-19 restrictions.

The slight decrease in casino revenue has been refelcted in a number of states, including Ilinois.

Henry Moore

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