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Foxwoods & MGM Grand slot win sends $15.9 million to state

25 July 2008

CONNETICUT -- As reported by the Resident: "Foxwoods Resort Casino and MGM Grand at Foxwoods reported to the state Division of Special Revenue a net slot win of $63.6 million, a $6.1 million decrease from June 2007.

"The casino's owners, the Mashantucket Pequot Tribal Nation, also reported a $15.9 million contribution to the State of CT for June, 2008, increasing to $2.684 billion the amount given to the State since January 1993, when slot machines were introduced at Foxwoods.

"...The report noted that the hold percentage, the amount kept by the casino, was 8.54 percent, meaning that 91.46 percent of all the money that went into the machines was given back to players. The hold percentage was 8.56 percent in June 2007. The slot handle in June 2008 was reported to be $745 million compared to $815 million in June 2007..."

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