MGM Springfield Tops $1 Billion In Lifetime Revenue In January 2023

Written By Matthew Bain on February 15, 2023 - Last Updated on August 7, 2023
MGM Springfield tops $1 billion in lifetime revenue in January 2023, from playma.com

Massachusetts casinos combined to make over $96.9 million in January revenue, according to a report released Wednesday by the Massachusetts Gaming Commission.

That January 2023 gross gaming revenue (GGR) total is a 6.2% decrease from the December 2022 total of $103,240,717.

Breaking down casino revenue

As usual, Encore Boston Harbor led all three MA casinos with $61,856,924.44 in revenue. MGM Springfield was second at $22,853,749.75. And Plainridge Park Casino rounded things out at $12,166,668.78.

Encore Boston Harbor

Encore Boston Harbor saw its revenue decrease by 9.6% compared to December, but the January revenue was still higher than that of November. A dip was expected, as the holidays in December usually make that one of the strongest months of the year.

It paid $15,464,231.11 in state revenue taxes for January.

Encore Boston Harbor Casino Revenue By Month

MonthSlot GGRTable GGRTotal
Slot and Table GGR
Total (25%) in collected state taxes
February 2022$31,054,019.69$23,688,641.56$54,742,661.25$13,685,665.31
March 2022$35,181,572.90$29,685,959.75$64,867,532.65$16,216,883.16
April 2022$34,118,122.32$29,620,598.98$63,738,721.30$15,934,680.33
May 2022$32,624,183.92$25,408,848.58$58,033,032.50$14,508,258.13
June 2022$31,468,282.71$28,589,032.87$60,057,315.58$15,014,328.90
July 2022$35,051,906.67$29,672,721.61$64,724,628.28$16,181,157.07
August 2022$35,372,908.84$22,711,324.56$58,084,233.40$14,521,058.35
September 2022$32,941,867.36$28,642,137.95$61,584,005.31$15,396,001.33
October 2022$33,677,401.58$28,365,680.78$62,043,082.36$15,510,770.59
November 2022$32,841,989.82$26,588,480.33$59,430,470.15$14,857,617.54
December 2022$34,984,642.31$33,475,100.78$68,459,743.09$17,114,935.77
January 2023$34,197,723.87$27,659,200.57$61,856,924.44$15,464,231.11
February 2023$32,797,874.02$29,907,304.74$62,705,178.76$15,676,294.69
March 2023$36,230,027.77$29,248,142.34$66,178,170.11$16,554,542.53

Encore Boston Harbor Casino Revenue By Year

Total GGRTotal in collected state taxes
2019$313,943,179.12 $78,485,794.80
2020$331,716,869.90 $82,929,217.48
2021$634,395,489.92 $158,598,872.48
2022$729,724,772.54 $182,431,193.15
2023$124,562,103.20$31,140,525.80
Total$2,134,342,414.68$533,585,603.67

MGM Springfield

MGM Springfield had the best January of all Massachusetts casinos, relative to how it fared in December 2022. The Springfield casino actually saw a revenue increase of $383,463.05, or 1.7%.

It paid $5,713,437.44 in state revenue taxes for January.

Also of note: In January, MGM Springfield eclipsed $1 billion in total revenue since opening in 2018.

MGM Springfield Casino Revenue By Month

MonthSlot GGRTable GGRTotal
Slot and Table GGR
Total (25%) in collected state taxes
February 2022$15,711,906.08$4,220,007.75$19,931,913.83$4,982,978.46
March 2022$18,837,606.75$5,442,915.75$24,280,522.50$6,070,130.63
April 2022$18,404,598.73$4,135,430.05$22,540,028.78$5,635,007.20
May 2022$17,113,181.60$4,039,067.85$21,152,249.45$5,288,062.36
June 2022$16,936,388.21$4,209,619.31$21,146,007.52$5,286,501.88
July 2022$17,275,318.86$4,242,403.60$21,517,722.46$5,379,430.62
August 2022$17,518,085.09$4,474,746.40$21,992,831.49$5,498,207.87
September 2022$16,358,042.03$4,213,605.83$20,571,647.86$5,142,911.97
October 2022$17,980,905.48$4,917,880.59$22,898,786.07$5,724,696.52
November 2022$17,327,291.21$4,706,483.14$22,033,774.35$5,508,443.59
December 2022$17,640,504.18$4,829,782.52$22,470,286.70$5,617,571.68
January 2023$18,452,254.93$4,401,494.82$22,853,749.75$5,713,437.44
February 2023$17,858,976.07$5,398,514.88$23,257,490.95$5,814,372.74
March 2023$19,792,210.64$4,287,427.13$24,079,637.77$6,019,909.44

MGM Springfield Casino Revenue By Year

Total GGRTotal in collected state taxes
2018$101,482,954.83 $25,370,738.71
2019$252,642,750.41 $63,160,687.62
2020$137,964,730.81 $34,491,182.72
2021$247,034,037.74 $61,758,509.44
2022$259,137,459.23 $64,784,364.84
2023$46,111,240.70$11,527,810.18
Total$1,044,373,173.72$261,093,293.43

Plainridge Park Casino

Plainridge Park Casino only saw a slight month-to-month decrease from December 2022 to January 2023. Just a decrease of $144,020, or 1.2%.

It paid $5,961,667.70 in state revenue taxes and race horse development funds (rhdf) for January.

Plainridge Park Casino Revenue By Month

MonthSlot GGRTotal in collected state taxes and rhdf
(49%)
February 2022$10,950,511.23$5,365,750.50
March 2022$12,937,163.66$6,339,210.19
April 2022$12,908,918.51$6,325,370.07
May 2022$11,731,163.49$5,748,270.11
June 2022$11,967,439.63$5,864,045.42
July 2022$12,498,196.15$6,124,116.11
August 2022$11,961,566.29$5,861,167.48
September 2022$12,199,572.68$5,977,790.61
October 2022$12,363,500.65$6,058,115.32
November 2022$11,392,148.60$5,582,152.81
December 2022$12,310,688.75$6,032,237.49
January 2023$12,166,668.78$5,961,667.70
February 2023$12,040,729.95$5,899,957.68
March 2023$14,256,239.09$6,985,557.15

Plainridge Park Casino Revenue By Year

Total Slot GGRTotal collected state taxes
2015$88,230,548.03 $43,232,968.52
2016$155,041,917.60 $75,970,554.32
2017$164,786,229.97 $80,745,252.68
2018$171,589,629.33 $84,078,918.38
2019$151,948,969.73 $74,454,990.79
2020$82,254,142.69 $40,304,529.91
2021$139,347,781.80 $68,280,413.08
2022$143,063,200.71 $70,100,968.33
2023$24,207,398.73$11,861,625.38
Total$1,120,469,818.59$549,030,221.42

Tax Revenue Trends

Any decreases from December to January are to be expected. The holidays in December make it usually one of the stronger months on the calendar for casino revenue.

So the 1.7% increase must have been a delightful little surprise for MGM Springfield. Could that be because Massachusetts sports betting launched Jan. 31, and that brought a flock of new gamblers to the casino to round out the month?

That will be a trend to watching moving forward for all three casinos: Will increased foot traffic from the sportsbooks positively affect overall casino revenue? The casino revenue and sports wagering revenue numbers are reported separately.

The MGC reported Wednesday that the three MA sportsbooks took in more than $510,000 in sports wagers on Jan. 31.

Photo by AP Photo/Charles Krupa
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Written by
Matthew Bain

Matthew Bain is the News Content Manager at Catena Media, overseeing news content for the network's highest-priority regional sites. Massachusetts is a young, promising gambling market, so PlayMA is one of his focuses. Prior to joining Catena Media in 2022, Matthew won 10 statewide and national journalism awards during six years as a reporter and editor for the USA TODAY Network. Matthew's work primarily appeared in the Des Moines Register, but he was also featured in the Detroit Free Press, Indianapolis Star, Arizona Republic, Milwaukee Journal Sentinel, and USA TODAY. Throughout his career, Matthew's bylines have also appeared in the Atlanta Journal-Constitution, Seattle Times, and Orange County Register.

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