August 16, 2021 Casino, Land Based

Massachusetts casinos soar to July revenue of $96m

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Massachusetts’ three casinos produced July gaming revenue of $96m, a 13.9% increase from June and a 113% improvement year-on-year.

The Bay State collected record taxes and fees of $27m for the month.

Encore Boston Harbor reported its highest single month gross gaming revenue in history, bringing in $59.1m, up 12.4% from June. Encore revenue was also up 119% from July 2020, when Massachusetts casinos were only opened for 23 days.

Encore slots and table handle surpassed $400m for the first time -- $403m to be exact. That shatters the previous record of $351m set in May 2021.

Slot GGR was $34m while table games produced another $25.1m.

MGM Springfield reported its third best month on record with GGR of $23.7m, up 17.3% from June and an improvement of 121% y-o-y. MGM’s coin-in of $219m was the property’s highest in history. July GGR was slightly off the record of $27m, set during MGM’s first full month, September 2018.

Plainridge Parks Casino, a slots-only parlor, reported GGR of $13m, up 14.4% from June and an increase of 67% y-o-y.

Plainridge Parks saw its highest coin-in since August 2018 and its best revenue since June 2019.

The outstanding July casino revenue should only further motivate state lawmakers to expand gaming in Massachusetts by legalizing sports betting.

In late July the state House overwhelmingly approved a sports betting bill. The House bill would tax retail sports betting at 12.5% and online at 15%.

Sports betting faces tougher resistance in the Senate, where legislators have coalesced against allowing college sports wagering. The House bill does permit wagering on college games.

Massachusetts Gov. Charlie Baker is an outspoken advocate for sports betting legalization. Baker has even filed his own bill to legalize the activity.

Massachusetts Senate leaders have not given a timeline for when they plan to debate and potentially vote on a sports betting bill.

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