In a year, casinos’ online gaming revenue increased by 57%
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Gamblers have increasingly taken to the casinos’ online gaming sites in their first year of operation, year-over-year revenue comparisons for November show.
Last month’s numbers, posted this week by the state Department of Consumer Protection’s Gaming Division, afford the first year-over-year comparison of a full month’s results.
Online casino gaming and sports betting in Connecticut began Oct. 12, 2021.
In November, Foxwoods Resort Casino and Mohegan Sun combined to generate $21.8 million in gross gaming revenue on more than $900 million in online wagers on casino games, including slots. The casinos paid 18% of the gross gaming revenue, or more than $3.9 million, to the state, a 57.5% increase over the nearly $2.5 million they paid for November 2021.
Foxwoods’ $12 million in online gross gaming revenue was up 52% while Mohegan Sun’s $9.8 million was up 64.9%.
The casinos each took in more than $69 million in online sports wagers in November, and the Connecticut Lottery Corp. took in another $16.3 million. Their combined gross gaming revenues came to $13.2 million, of which they paid 13.75%, or $1.8 million, to the state.
The payment was up 13.5% over the $1.6 million the casinos and the lottery paid in taxes on online sports betting revenue for November 2021.
The lottery also generated $917,805 in gross gaming revenue from retail sports betting last month and paid the state $126,198. That was up 12.4% over November 2021.
Foxwoods and Mohegan Sun also reported year-over-year declines in their slot-machine revenues. In November, Foxwoods “won,” or kept, $27.3 million after paying out prizes, a 3% decrease over the $28.2 million it kept the same month the previous year. Mohegan Sun kept $37.6 million last month, down 7.6% over the $40.7 million it kept in November 2021.
The casinos contribute 25% of their slots revenue to the state. For November, Foxwoods paid $7.1 million and Mohegan Sun $9.4 million.
