Massachusetts Casino Revenue and Handle Decline in January
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Massachusetts casinos had a decline in January. The facilities in the Bay State took in $681,851,372 in total handle for January, a 5.1% drop from the previous January and $807.9 million in wagering handle. January's figures were a 30. 9% rise on January 2021.
Revenue at Massachusetts Casinos fell 13.9% in January. MGM Springfield, Plainridge Park and Encore Boston Harbor casinos had a 43% increase in revenue.
Encore Boston Harbor, in Everett, led the state in revenue at $62.4 million and in handle at $343.6 million. Encore made $27.87 million in gross gaming revenue from slot machines and $26 million from table games. MGM Springfield made $18.5 million for January. Plainridge Park Casino in Plainville offers only slots. Its handle was $138 million, and the revenue was $9.84 million for the month. Massachusetts made nearly $23 million tax revenue in the first month of 2022.
Wynn Resorts is selling the Encore Boston Harbor casino to Realty Income in a deal worth $1.7 billion. Realtor will lease back the casino and operate it in triple-net lease agreement with an initial annual rent of $100 million.
