Massachusetts’ three casinos bring in $26m in tax revenue for December
The locations proving lucrative for government with Massachusetts’ relatively high tax rate.
The Massachusetts Gaming Commission has reported strong numbers – $96m in gross revenue – in December 2021 at the state’s three land-based ca sinos: Plainridge Park Casino, MGM Springfield and Encore Boston Harbor.
Altogether, the tax revenue from these three casinos reached $26.5m in December.
Both MGM Springfield and Encore Boston Harbor are category 1 resort-casinos in the eyes of the government and are therefore taxed at a 25% rate.
At MGM Springfield, table game revenue was at $5.5m while slot revenue reached $16.5m for a total gross gaming revenue of $22.2m. From this, the state was able to collect $5.5m in taxes.
Encore Boston Harbor saw revenue reach $30.6m at its table games and $31.8m at its slots, for a total of $62.4m.
The Plainridge Park Casino is a category 2 slots facility. The tax rates on those in Massachusetts is 49% of gross gaming revenue. Of the $11m dollars that that location earned in December, the state was able to collect $5.4m in taxes.
In total, the Commonwealth was able to collect $26.5m in taxes for its three land-based operators in the last month of last year.
These three locations have proven to be profitable in the longer term, something which keeps the taxman happy. To date, the Massachusetts state government has collected a cumulative $971m on these casinos.
The money is distributed to a number of priority areas in the state budget. Among the largest recipients are the local aid fund, the transportation and infrastructure fund and the education fund.
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