Massachusetts Reveals $92 Million in August Casino Revenue

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The Massachusetts Gaming Commission reported that casinos in Plainridge Park, MGM Springfield and Encore Boston Harbor earned approximately $92 million in gross gaming revenue (GGR) in August.

Individually, Encore Boston Harbor brought in $58 million in revenue, MGM Springfield was responsible for $22 million, while Plainridge Park Casino took in $12 million.

Of GGR’s total $92 million, about $25 million was collected in state taxes.

Compared to last year, the state saw a 0.4% decline in GGR – however, this figure is expected to be different in 2023, following the legalization of sports betting.

Massachusetts became the latest U.S. state to legalize sports betting, following a last-minute vote by the state Congress and Senate shortly before the bodies went their separate ways for summer vacation.

The move to allow sports betting has been welcomed by state casinos, with MGM Springfield already building a bank of TVs for its retail sports betting section. Under the new sports betting laws, retail sports betting in Massachusetts will be subject to tax rates of 15%, while online, an increased rate of 20%.

Announcing the deal, Chairman Ron Mariano tweeted: “I’m proud to report that the Conference Sports Betting Committee has reached agreement on legislation that will legalize betting on professional sports. and colleges in Massachusetts, bringing the immense economic benefits of a sports betting industry to MA.

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