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Connecticut Receives Slot Payment

19 July 2005

CONNECTICUT – As reported by the Connecticut Day: "The owners of Foxwoods Resort Casino and Mohegan Sun sent their monthly slot machine payments to the state last week, bringing the total contributions for the fiscal year to $417.8 million.

"The Mashantucket Pequots won $64.8 million from slot machine players at Foxwoods Resort Casino and sent their 15 percent contribution of $16.2 million to the state. Mohegan Sun's net win was $70.3 million, and the Mohegan Tribe sent $17.5 million to the state. Both casinos contribute 25 percent of their win in exchange for the exclusive right to operate slot machines in Connecticut.

"…Both casinos handled less money in their machines compared to the same month last year but recorded higher win amounts because of higher hold percentages. Foxwoods' $64.8 million win represents a 2.6 percent increase, and Mohegan Sun's win of $70.3 million is 5.7 percent higher…"

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