US – Massachusetts casinos see revenues rebound in MarchBy Phil - 21 April 2021
The Massachusetts Gaming Commission reported that the month of March 2021 at Plainridge Park Casino (PPC), MGM Springfield and Encore Boston Harbor generated approximately $84m in Gross Gaming Revenue (GGR).
In March, MGM Springfield had $22,063,598.83 in gross gaming revenues, and Encore had $49,666,739.61, according to the commission. Plainridge Park has $12,226,760.
Plainridge Park, 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 $743m in total taxes and assessments from PPC, MGM and Encore since the respective openings of each gaming facility. The three casinos generated a total of $23.9m in state taxes in March, the commission reported.
The state Gaming Commission has taken steps aimed at assisting the casinos in bringing back customers to hep revenues rebound, including lifting the limit on attendance from 25 per cent to 40 per cent. In mid-March, the commission voted to allow the return of craps games at the casinos and to allow an additional seat at blackjack tables, up from three seats to a fourth seat, hoping to provide additional play.