MGM Springfield Experiences Slight Decrease in Gross Gaming Revenue in November

Written By Cheryl Coward on January 4, 2023 - Last Updated on August 7, 2023
New MGM Springfield Executive Tasked With Increasing Action At Casino

With the launch of retail sports betting on the horizon in Massachusetts, MGM Springfield saw a 3.78% dip in gross gaming revenue (GGR) during November for its tables and slots. In its monthly revenue report, the Massachusetts Gaming Commission (MGC) revealed that the casino’s GGR declined by $865,011 in November.

The slight decrease came after MGM Springfield experienced an 11.3% increase in GGR during October.

November Revenue Breakdown

MGM Springfield’s slots generated $17,327,291.21 in November, compared to $17,980,905.48 in October. In addition, the casino’s tables collected $4,706,483.14 in November compared to $4,917,880.59 in October.

The state’s three retail casinos, which include Encore Boston Harbor and slots-only Plainridge Park Casino (PPC), took in approximately $93 million in GGR in November. That figure is down $4 million from October, as all three operators saw a decline in GGR in last month.

The state taxes the resort casinos 25% of GGR and PPC at a rate of 49%. MGM Springfield paid $5,508,443.59 in taxes for November. Overall, the tax revenue from the three casinos was approximately $25.9 million in November, down nearly $1.35 million from October.

Related news: These Steps Must Happen For MA Sportsbooks To Launch Jan. 31

MGM Springfield 2022 GGR And Taxes

The table below breaks down the GGR at MGM Springfield for each month of 2022, through November.

MonthSlot GGRTable GGRTotal Slot and Table GGRTotal (25%) in collected state taxes
January 2022$14,386,892.72$4,214,795.50$18,601,688.22$4,650,422.06
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

Also read: Sports Betting 101: Understanding the Same Game Parlay

MGM Springfield Approved For Retail And Online Sports Betting

Earlier this month, MGC members unanimously granted MGM Springfield a retail sports betting license, as well as a mobile betting license for BetMGM, an operator owned by the casino’s corporate parent MGM Resorts.

Sports fans in the Commonwealth will be able to place in-person and online wagers via MGM Springfield in 2023, with retail betting expected to launch in late January. Massachusetts online sports betting is expected to become available in March.

The casino has been preparing to open its retail sportsbook in 2022 and will offer customers two state-of-the-art lounges plus a sports wagering area in its TAP Sports Bar.

Cheryl Coward Avatar
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Cheryl Coward

Cheryl Coward is a Staff Writer for PlayMA with a background in sports journalism. She started her career as a news reporter in Washington, DC. She's a die-hard women's basketball fanatic and founded the website as a result of that passion. She has previous experience covering gambling and sports betting in California, including extensive coverage of the Prop 26 vs. Prop 27 election battle.

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