Due to traffic growth at casinos as COVID-19 cases diminish and vaccination rates climb
M
ohegan Sun, a casino operated by the Mohegan Tribe, kept $44.2 million in slots revenue after paying out prizes in April, while Foxwoods Resort Casino, owned by the Mashantucket Pequot Tribe, kept $31.3 million, reports The Day.
For Mohegan Sun, April was the best month since August, when it kept $45.6 million. For Foxwoods, it was the best month since June when it kept $33.6 million.
The aforementioned April figures show an increase in traffic at the casinos as COVID-19 cases diminished and vaccination rates climbed. The remaining restrictions on restaurants and other businesses in the state are scheduled to be lifted on Wednesday. The casinos, while not bound by the state’s COVID-19 mandates, have for the most part observed them.
However, given that the casinos were closed the entire month of April 2020 due to the pandemic, no meaningful year-over-year comparison of monthly slot revenues could be drawn.
Mohegan Sun contributed 25%, or $11.1 million, of its April slots-win to the state, and has now contributed $97.1 million over the first 10 months of the fiscal year, which ends June 30.
Foxwoods contributed 25%, or nearly $7.8 million, of its April win, and added another $221,592 to reach $8 million, which is the minimum contribution the casino was required to make.
The Mashantucket Pequot Tribe’s revenue-sharing agreement specifies that Foxwoods must contribute $72 million in slots revenue through the first 10 months of the fiscal year. Therefore, the tribe has made additional payments of $5.8 million to meet the minimum contribution thresholds.
