Massachusetts gambling revenue totals $160M in April, up almost 5% from March
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Massachusetts’ casinos and sports betting operators combined to generate just over $160 million in gross gaming revenue (GGR) during the month of April, according to the latest monthly report from the Massachusetts Gaming Commission. Revenue was up by almost 5% on a monthly basis when compared to $152.6 million during March.
Of the $160 million in overall GGR, $101 million corresponded to gaming at the state’s three casinos: Plainridge Park Casino, MGM Springfield, and Encore Boston Harbor. The remaining gross gaming revenue was brought in by sports wagering, which generated $58.9 million across six online sports wagering licensees and in-person betting at the casinos during its second month of activity.
Encore Boston Harbor placed first for retail casino gaming with almost $64 million in GGR, of which $27.8 million corresponded to table gaming and $36.1 million to slots. MGM Springfield placed second with $23.7 million in revenue, of which $5.3 million belonged to table games and $18.5 million to slots. Plainridge Park, a slots-only facility, delivered $13.4 million.
As for sports betting during April, a closer look at the data provided shows handle of $579.3 million for the month. Operators had a revenue hold of 10.4%, leading to taxable gaming revenue of $58.9 million. Most of the revenue was produced online ($58.5 million), with retail sports wagering accounting for only $364,481 in revenue.
Plainridge Park Casino, a category 2 slots facility, is taxed on 49% of GGR, of which 82% is paid to Local Aid and 18% is allotted to the Race Horse Development Fund. MGM Springfield and Encore Boston, which are category 1 resort casinos, are taxed on 25% of GGR, with money allocated to several specific state funds.
During April, the three casinos contributed a combined $28.5 million in taxes from their gaming activities, with Encore Boston Harbor leading at almost $16 million. To date, the Commonwealth has collected approximately $1.4 billion in total taxes and assessments from the casino operations of the properties since the respective openings of each gaming facility.
The Massachusetts Gaming Commission has also broken down sports betting revenue by mobile operators. At the moment, six brands – Barstool Sportsbook, BetMGM, Caesars Sportsbook, DraftKings, FanDuel, and WynnBet – offer online gaming in the Bay State after the market went live in March this year.
Of the six operators, DraftKings placed first with $283.8 million in handle and $28.3 million in revenue, followed by FanDuel at $172.6 million in handle and $21.7 million revenue; and BetMGM with $42.9 million handle and $4.6 million revenue. Barstool placed fourth ($24.6 million, $1.9 million), WynnBet fifth ($22.8 million, $405,977) and Caesars last ($19.4 million, $1.6 million).
The second month of online sports betting in Massachusetts saw a slight increase in wagering and a good bump in revenue. Handle was up from $568.2 million in March to $579.3 million while gross revenue of $60.3 million was up from $48.3 million in the prior month.
