MA Gambling News

Commission will meet June 2 to consider a new horse racing track

Gaming Regulators Clarify Sports Betting License Requirements For Simulcast Centers And Racetracks

As the Massachusetts Gaming Commission (MGC) races to enact regulatory guidelines for the 2023 launch of MA sports betting, casinos and mobile betting apps are taking center stage. There are three categories of operators who can offer sports betting in Massachusetts. The state’s three retail casinos fall under category 1, while online sportsbooks are category […]
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Massachusetts ban on sports betting ads

Sports Betting Could Drive Responsible Gambling Innovations

The Massachusetts Gaming Commission (MGC) is one of the premier responsible gambling organizations in the United States. According to a survey conducted by the National Association of Administrators for Disordered Gambling Services, the Massachusetts Public Health Trust Fund allocated $9.2 million to problem gambling services in FY 2021. $4.6 million went to the Department of […]
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New MGM Springfield Executive Tasked With Increasing Action At Casino

MGM Springfield Making Strides Towards Pre-Pandemic Revenue Levels

With $191 million in gambling revenue this year, MGM Springfield Casino is advancing towards pre-pandemic profit levels. Even with a slight dip in monthly gross gaming revenue (GGR) in August, the casino is on track to surpass 2021 profits for its slots and tables. By September 2021, MGM’s GGR was about $181 million. MGM Springfield […]
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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.

Partnership Between Foxboro, Wrentham, And Plainville Aims To Attract Travelers

With sports betting in Massachusetts tentatively set to launch early next year, preparations are under way throughout the state. The Massachusetts Gaming Commission (MGC) is still hashing out the details, but retail sports betting in MA is tentatively slated to launch in January. With the upcoming launch, a trio of Massachusetts towns are gearing up […]
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Why DraftKings Massachusetts Hoped For A Universal Launch

Why DraftKings Massachusetts Hoped For A Universal Launch

On October 27, the Massachusetts Gaming Commission (MGC) rejected DraftKings’ request for a universal start date for retail and online sports betting. DraftKings Massachusetts was the only brand to ask for a universal start date. The rest of the brands lined up behind a staggered launch: retail sports betting in January and online sports betting […]
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MA Breaks $1 Billion Dollar Barrier in Gaming Proceeds

Lawmakers Expectations For Massachusetts Sports Betting Revenue

As the Massachusetts Gaming Commission (MGC) works through the legalities of the Massachusetts sports betting launch, nearby states are raking in the dough from sports wagering revenue. As of November, the MGC has a tentative timeline for Massachusetts to begin accepting sports wagers. The timeline puts a retail launch in January 2023, with mobile betting […]
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Encore Wins Separate Development Across The Street

Encore Boston Harbor Prioritizes Responsible Gambling With PlayMyWay

With the launch of Massachusetts sports betting on the horizon, Encore Boston Harbor has teamed up with the Massachusetts Gaming Commission (MGC) and GameSense to launch a responsible gambling initiative. The PlayMyWay (PMW) tool is a self-budgeting tool available on electronic games that can help players gamble responsibly.  “Encore Boston Harbor has collaborated with the […]
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Twenty-Four Operators In the Running For MA Online Sports Betting Licenses

Twenty-Four Operators In the Running For MA Online Sports Betting Licenses

As the Massachusetts sports betting launch approaches in 2023, it’s no surprise that market leaders FanDuel and DraftKings are among the operators vying for a license to offer online sports wagering in the state. The pool of 24 companies battling for a license includes a mix of scrappy newcomers and other established brands looking to […]
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