MGM reports $20 million in slot, table revenue for January
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SPRINGFIELD — MGM Springfield reported collecting $20.7 million in gross gambling revenues from slot machines and table games during January, according to the Massachusetts Gaming Commission, which released the revenue figures Thursday.
That is down from $23.6 million the casino received in revenues for December and from the $22.8 million recorded a year ago in January 2023. Casino business tends to be seasonal with January typically a slow month.
In January, MGM and the MassMutual Center convention hall, which it manages, hosted the annual Red Sox Winter Weekend Jan. 19 and 20.
At the on-site sportsbook, MGM reported a handle — that’s the total amount bet — for January of $1.88 million compared with $1.9 million in December. The sportsbook, which launched a year ago, was open for just a few days in January 2023 and received $35,000 worth of business.
Figures for bets placed during the Super Bowl will have to wait for the report that comes out in March.
The Gaming Commission said that combined, Plainridge Park Casino, MGM Springfield and Encore Boston Harbor generated approximately $93.54 million in gross gambling revenue last month.
Additionally, approximately $71.13 million in taxable sports wagering revenue was generated across the eight mobile and online sports wagering licensees and the three in-person licensees in January.
BetMGM, MGM’s mobile betting platform, outperformed the in-person sportsbook last month, generating $36.8 million in total handle. That was up from just less than $36 million in December. Online sports betting was not available a year ago.
Later this month, MGM is expected to give the Gaming Commission a quarterly report outlining achievements and statistics, including hiring.
In November, for its most recent report, MGM said it had 1,490 employees — 960 of them full-time — in the third quarter, up 12% year-over-year.
Last year, the CEO of the Springfield casino’s parent company told city officials that the casino’s pre-opening promise of 3,000 jobs was unrealistic.
The casino had also told regulators at the time it expected to see $418 million in annual gross gaming revenue in its first year, or an average of $34.8 million per month. The casino has never hit that $34.8 million goal.
Earlier this week, MGM Resorts International, parent company of the Springfield casino, reported $4.38 billion for the fourth quarter of last year up from $3.59 billion for the same time last year.
