US – Massachusetts’ casinos generate GGR of $98m in FebruaryBy Phil - 17 March 2023
The Massachusetts Gaming Commission reported that the month of February 2023 at Encore Boston Harbor , MGM Springfield, and Plainridge Park Casino generated approximately $98 million in Gross Gaming Revenue (GGR).
Additionally, February marked the first full month of sports wagering at each property after those licensee’s launched the new industry on 31 January 2023. Approximately $2.01m in taxable sports wagering revenue (TSWR) was generated at the three casinos for the month of February.
Plainridge Park Casino, a category 2 slots facility, is taxed on 49 per cent of GGR. Of that total taxed amount, 82 per cent is paid to Local Aid and 18 per cent is allotted to the Race Horse Development Fund. MGM Springfield and Encore Boston Harbor, category 1 resort-casinos, are taxed on 25 per cent of GGR; those monies are allocated to several specific state funds as determined by the gaming statute
To date, the Commonwealth has collected approximately $1.344bn in total taxes and assessments from the casino operations of the three casinos since the respective openings of each gaming facility.
The Massachusetts Gaming Commission issues monthly revenue reports on the 15th of each month or next business day.
EBH, MGM, and PPC are licensed as Category 1 Sports Wagering Operators, which allows them to operate a retail sports book at their respective property. Category 1 operators are taxed on 15 per cent of TSWR.?Of that total taxed amount, 45 per cent is allotted to the General Fund, 17.5 per cent to the Workforce Investment Trust Fund, 27.5 per cent to the Gaming Local Aid Fund, 1% to the Youth Development and Achievement Fund, and nine per cent to the Public Health Trust Fund.