Massachusetts Casinos Set Monthly Revenue Record, July Win Totals $96M
Massachusetts casinos won more money from gamblers inwards July 2021 than they ever experience before inwards a single month.
Gross gaming revenue (GGR) at Encore Beantown Harbor, MGM Springfield, and the slots-only Plainridge Mungo Park totaled $95.7 million. It’s the province gaming industry’s highest monthly hale inward history. The for the first time legal commercial-grade cassino bet was wagered in June of 2015 at Plainridge Park.
Encore capital of Massachusetts Harbor, situated simply alfresco the metropolis inward Everett, Ma., over again led the path inwards terms of GGR at $59.0 million. That’s a track record monthly carrying out for Wynn Resorts’ Boston-area integrated resort.
MGM Springfield was a removed arcsecond at $23.7 million. But that fig is the casino’s topper performance since Encore Bean Town opened inward June of 2019. Plainridge Mungo Park won simply shy of $13 million.
The register hale resulted inwards track record taxation revenue for the state. Total taxes were more than $27 million. Encore and MGM portion out 25 percent of their GGR with the state. Plainridge is required to unmediated 49 percent of its expansion slot win to the state.
To date, the commonwealth has self-contained $843 billion inward add up taxes and assessments from the tercet casinos.
Market Madness
COVID-19 kept gamblers at place for much of 2020, and into the ahead of time scratch of the young year. But with coronavirus-related operating restrictions no more, gamblers are disbursal some of summertime past returning to their favorite casino.
Record dramatic play isn’t only when existence experienced in Massachusetts. New monthly highs have been band in several states, including New Jersey, Pennsylvania, and Ohio.
July’s nearly $96 jillion GGR is a 113 percent year-over-year surge on July 2020 when the troika casinos were special to reduced occupancy and forced to stick to numerous operating limitations. But July 2021 is also an 18.5 percent increase on July 2019, when the casinos kept $81 billion from gamblers.
Encore and MGM were responsible for the July GGR boost. Wynn’s casino reported a GGR increment of 22 percent in July 2021, compared with July 2019. MGM’s dimension reported a GGR upsurge of 16 percent. Plainridge revenue ascended 3.3 percent.
New Benchmark
July 2021 is at present the Old Colony gaming industry’s monthly revenue record book holder. It’s a height that the tell casinos haven’t come in confining to before.
The previous best month in terms of GGR was $87 million, which was only place inwards May of 2021. The manufacture won approximately $86 jillion inward both August and Feb of 2019.
July continued the GGR climbing for the trey casinos.
2021 — GGR
- July — $96M
- June — $84M
- May — $87M
- April — $85M
- March — $84M
- February — $67M
- January — $58M
Casinos are hoping to presently receive sports betting privileges. A vizor was introduced earliest this twelvemonth that would permit the III gaming properties to contain sportsbooks into their facilities, and also partner with upwards to triplet mobile sports wagering operators.
The legislating currently remains in the House Ways and Means Committee.
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