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Massachusetts casino revenues up in April, highest since pandemic

massachusetts-casino-revenues-up-in-april,-highest-since-pandemic

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he casinos and slots parlor in Massachusetts reported positive revenue figures for the month of April. The slots parlor at Plainridge Park Casino, MGM Springfield, and Encore Boston Harbor jointly generated $84.63 million in gross gaming revenue last month, about $673,000 more than in March.

The state’s Gaming Commission announced, on Monday, that the yield produced more than $24.16 million in taxes and fees for the state. The state’s share from April is more than it has collected from its three gaming licensees since February 2020, when gaming generated more than $24.32 million for the state’s coffers during the last month without COVID-19 restrictions, according to Boston Herald.

Gamblers put $169.68 million into the machines at the Plainville slots parlor last month. The house kept 7.38% of all slot wagers, resulting in about $12.52 million in gross monthly revenue, the highest total for Plainridge since July 2019. That revenue, taxed at a rate of 49%, generated more than $6.13 million in taxes and fees for the state government.

MGM Springfield‘s slot revenue took a step back from the record set in March and totaled almost $204.1 million in April. The house kept 8.65% of that for about $17.65 million in slot revenue. Combined with more than $4.28 million in table game revenue, the western Massachusetts casino reported more than $21.93 in gross gaming revenue last month, which works out to about $5.48 million in state taxes.

Encore Boston Harbor generated more than half of the state’s gross gaming revenue in April, $50.18 million. Just $29 million of Encore’s gross gaming revenue last month came from its slots, into which players put more than $336.1 million. Table games accounted for about $21.19 million of Encore’s April gaming revenue. The Everett casino yielded nearly $12.55 million in tax revenue for the state in April.

Since legalizing gambling in 2011, Massachusetts has collected more than $767.21 million in gaming revenues.

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