Casinos' slots revenue improved again in April
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Mohegan Sun "won," or kept, $44.2 million in slots revenue after paying out prizes in April while Foxwoods Resort Casino kept $31.3 million.
For Mohegan Sun, it was the best month since August, when it kept $45.6 million. For Foxwoods, it was the best month since it kept $33.6 million in June.
The April figures reflect an increase in traffic at the casinos as the prevalence of COVID-19 cases diminished and vaccination rates climbed. Remaining restrictions on restaurants and other businesses in the state are scheduled to be lifted Wednesday. The casinos, while not bound by the state's COVID-19 mandates, generally have observed them.
No meaningful year-over-year comparison of monthly slot revenues could be drawn for last month since the casinos were closed the entire month of April 2020 due to the pandemic.
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, the minimum contribution the casino was required to make. The Mashantucket Pequot Tribe’s revenue-sharing agreement with the state specifies that Foxwoods must contribute $72 million in slots revenue through the first 10 months of the fiscal year.
Over the last five months, the tribe, which owns Foxwoods, has made additional payments of $5.8 million to meet minimum contribution thresholds.
