Massachusetts gross gaming revenue jumps $12M; MGM Springfield up $3.5M
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SPRINGFIELD — The Massachusetts Gaming Commission reported Monday that gross gaming revenues rose by $12 million at the state’s three casinos in July, including a $3.5 million jump at MGM Springfield compared to June.
The three casinos — MGM Springfield, Encore Boston Harbor, and Plainridge Park Casino — generated approximately $96 million in gross gaming revenues in July as compared to about $84 million in June, according to the commission.
The increased revenues occur amid the continuing coronavirus pandemic, and as infections have risen in recent weeks.
MGM Springfield reported $23,714,219.33 in gross gaming revenue in July, as compared to $20,206,647.44 in June.
It marked the third best month for gaming revenues in MGM Springfield’s three-year history. The local casino generated $26.952,096 in September of 2018 in its first full month of operations, and generated $25.7 million in March of 2019.
Encore Boston Harbor generated $59,070,309.47 in July in gross gaming revenue, as compared to $52,559,286.24 in June, according to the commission. It was the best revenue month since Encore opened in June of 2019.
Plainridge Park generated $12,952,979.90, in gross gaming revenue in July, as compared to $11,317,898.67 in June.
All three casinos were closed in March of 2020 under the pandemic’s state of emergency, reopening four months later under COVID-19 restrictions.
Last month, the three casinos were taxed a total oaf $23,737,253.77 by the state, based on their July gross gaming revenues
MGM Springfield and Encore Boston Harbor are Category 1 resort-casinos, and are taxed on 25% of the gross gaming revenue.
Plainridge Park is a Category 2 slots facility and is taxed on 49% of gross gaming revenue. Of that total taxed amount, 82% is paid to Local Aid and 18% is allotted to the Race Horse Development Fund.
