January Marks A Dismal Start To 2024 MA Casino Revenue

Written By Dan Holmes on February 20, 2024 - Last Updated on February 21, 2024
A picture of a turtle at the starting line for a story about how MA casinos started off slow in 2024.

Massachusetts casinos reported $93.5 million in gross gaming revenue in January. According to the Massachusetts Gaming Commission, that resulted in $26.2 million in tax revenue for the Commonwealth.

Gross gaming revenue from slots and table games was down nearly $10 million compared to December.

Tax revenue dropped 9.4%. Revenue from the three Massachusetts casinos in January was the lowest in two years.

Encore towers over other two Massachusetts casinos in January revenue

There are three brick-and-mortar casinos in the state. Online casinos in Massachusetts are still prohibited.

Encore Boston Harbor was first in gross gaming revenue (GGR) in January at $60.9 million. MGM Springfield was a distant second with $20.7 million. Plainridge Park Casino reported $11.9 million GGR in January.

Here’s a complete revenue breakdown:

Casino Table Games Revenue Slot Machine Revenue Gross Gaming Revenue Taxes
Encore Boston Harbor $28,067,706$32,881,524$60,949,231$15,237,307
MGM Springfield $4,560,237$16,147,067$20,707,304$5,176,826
Plainridge Park N/A$11,884 081$11,884,081$5,823,200

Encore’s tax bill was $15.2 million in January, about 58% of the tax revenue paid to the commonwealth for casino gaming activity last month.

Casino revenue drops every January compared to November and December. But last month’s drop was the largest in the last two years. The last time GGR was lower than last month’s was in January 2022, when the total was $82.4 million. The $22.9 million paid that month in taxes was the last time the figure was lower than what was paid last month.

Slot play was again the most popular form of activity in the casinos, with nearly two-thirds (65%) of revenue coming from that activity in January ($60.9 million). Table games accounted for $32.6 million at the two casinos that offer it: Encore and MGM.

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Dan Holmes

Dan Holmes is a Staff Writer for PlayMA with plenty of experience under his belt. Dan has written three books about sports and previously worked for the National Baseball Hall of Fame and Major League Baseball. He also has extensive experience covering the launch of sports betting in other states, including Ohio and Maryland. Currently, Dan is residing in Michigan with his family.

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