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Revenue reports for April 2019 showed a downturn for Massachusetts casino revenue. May 2019's reports showed improvement. The Massachusetts Gaming Commission requires MGM Springfield and Plainridge Park casinos to file monthly revenue reports. The latest numbers are good news for the casino industry in the state. Massachusetts casino revenue details for May Gross gaming receipts for MGM in May 2019 totaled over $22 million. About 73%, over $16 million, of that revenue came from slot gaming. The other $6 million came from table games. Plainridge's slots pulled in nearly $15 million in May. Though both facilities have to file monthly reports with the commission, they pay different tax rates. The state-licensed MGM as a resort casino. Plainridge's license is for operation as a slot parlor. Plainridge pays a much higher tax rate because of that designation. May tax revenue from MGM and Plainridge Plainridge pays a 40% rate on its slot take to the state and another 9% to the state's Horse Racing Development Fund. Eighty-two percent of those tax funds are distributed to local aid. MGM pays a 25% rate on its gross receipts. That revenue divides up a dozen different ways, including education and local aid. The total tax revenue from MGM and Plainridge for May was $12.7 million. That number is an improvement from the previous month. April's diminished returns for Massachusetts The revenue and tax numbers for both facilities in April left a little to be desired. MGM reported gross receipts of $21.8 million. May's numbers improved by 2.2%. MGM's table games actually took in more in April ($6.3 million) than in May ($6.1 million), but its slots were down $700,000. Plainridge's slots were down $800,000 (4.8%) in May as compared to April. Those decreased revenues led to a difference of $400,000 (5.5%) in taxes paid. Looking at all the numbers for 2019 gives a better context for how both facilities have performed. Cumulative revenue for 2019 through May Through the first five months of 2019, MGM reports gross gaming receipts of over $111 million. The average monthly revenue is just over $22 million. Plainridge has pulled in $70 million in gross receipts in 2019. That averages $14 million per month. Looking at the averages, May was as good as any other month so far this year if not a little better. The tax revenue numbers could be improving soon. What about Encore Boston Harbor? Encore Boston Harbor just opened days ago, so a revenue report won't be filed until September for July's receipts. Even then, that report won't tell much about how the new casino is performing. The first report spanning a full month from Encore won't be available until October when receipts for August are filed. At that time we'll get some idea of how Encore is faring and how having new competition has affected MGM and Plainridge. Naturally, revenue at all three facilities could increase if Massachusetts sports betting became legal. When that could happen is anyone's guess, as the Massachusetts legislature seems unmotivated to make sports betting in Massachusetts legal anytime soon, although there is a hearing scheduled this week. May for MGM and Plainridge wasn't a banner month, but it was an improvement from April and par for the course for 2019.

Mass. Casino Revenue Rebounds, Even Without Encore Boston Harbor Numbers

After diminished returns came in April at MGM Springfield and Plainridge Park, Massachusetts casino revenue improved in May.

Posted on: July 15, 2019 | | Derek Helling

The Success Of Encore Boston Harbor In Question As The MA Casino Opens

Wynn Casinos recently celebrated as Encore Boston Harbor opened its doors in Massachusett's biggest city, but will the MA casino perform as expected?

Posted on: July 9, 2019 | | Derek Helling

The Ripple Effect Of Rhode Island Lawsuit On MA Sports Betting

A Rhode Island betting lawsuit could be on the fast track to being resolved, and that might prompt more action in Massachusetts sports betting.

Posted on: June 27, 2019 | | Derek Helling

Connecticut AG Warns Against Going Rogue On East Windsor Casino

Connecticut Attorney General George Jepsen warned the legislature not to take the fate of the East Windsor tribal casino into its own hands, ignoring DOI approval.

Posted on: April 19, 2018 | | Steve Ruddock

Rhode Island Eyes Sports Betting In Wake of SCOTUS Case

An RI state Senator discussed the possibility of online gambling during an interview with local news. But he raises more questions than he answers.

Posted on: December 19, 2017 | | Steve Ruddock

Fate Of Taunton Casino Rests On, Of All Things, The History Of Maine

The Mashpee Wampanoag Tribe's attempt at a casino will be determined by how the Department of the Interior rules on Maine's historical status as a state.

Posted on: July 12, 2017 | | Steve Ruddock

Connecticut Senate Approves New Casino, MGM Vows Vengeance

The East Windsor, CT tribal casino is through the Connecticut Senate and one step closer to reality, but MGM Resorts plans to keep fighting it in court.

Posted on: June 12, 2017 | | Steve Ruddock

News

Mass. Casino Revenue Rebounds, Even Without Encore Boston Harbor Numbers

The Success Of Encore Boston Harbor In Question As The MA Casino Opens

The Ripple Effect Of Rhode Island Lawsuit On MA Sports Betting

Connecticut AG Warns Against Going Rogue On East Windsor Casino

Rhode Island Eyes Sports Betting In Wake of SCOTUS Case

Fate Of Taunton Casino Rests On, Of All Things, The History Of Maine

Connecticut Senate Approves New Casino, MGM Vows Vengeance

Expert: Massachusetts Will Move ‘Slowly’ To Legalize Online Casinos

Kevin Garnett: From NBA Superstar To BetMGM Sports Betting Icon

PlayMA Projects 5% Market Share For Fanatics In MA, Far Behind DraftKings & FanDuel

Online Lottery ‘Probably Inevitable’ In Massachusetts, Says Industry Expert

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