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Massachusetts' casinos record $98 million in GGR for February16 March 2023(PRESS RELEASE) -- The Massachusetts Gaming Commission reported that the month of February 2023 at Encore Boston Harbor , MGM Springfield, and Plainridge Park Casino generated approximately $98 million in Gross Gaming Revenue (GGR). Additionally, February marked the first full month of sports wagering at each property after those licensee’s launched the new industry on 31 January 2023. Approximately $2.01 million in taxable sports wagering revenue (TSWR) was generated at the three casinos for the month of February. Gross Gaming Revenue (casino gaming) Plainridge Park Casino, a category 2 slots facility, is taxed on 49% of GGR. Of that total taxed amount, 82% is paid to Local Aid and 18% is allotted to the Race Horse Development Fund. MGM Springfield and Encore Boston Harbor, category 1 resort-casinos, are taxed on 25% of GGR; those monies are allocated to several specific state funds as determined by the gaming statute. To date, the Commonwealth has collected approximately $1.344 billion in total taxes and assessments from the casino operations of the three casinos since the respective openings of each gaming facility. The Massachusetts Gaming Commission issues monthly revenue reports on the 15th of each month or next business day. Sports Wagering Revenue EBH, MGM, and PPC are licensed as Category 1 Sports Wagering Operators, which allows them to operate a retail sports book at their respective property. Category 1 operators are taxed on 15% of TSWR.?Of that total taxed amount, 45% is allotted to the General Fund, 17.5% to the Workforce Investment Trust Fund, 27.5% to the Gaming Local Aid Fund, 1% to the Youth Development and Achievement Fund, and 9% to the Public Health Trust Fund. Retail Licenses: Current & Future Wagers Settled: $25,726,634.76 Accrual Win by Licensee: $2,072,671.64 Revenue Hold: 8.06% Taxable Gaming Revenue: $2,010,223.54 Tax Collected: $301,533.52 Casino Wagering: Encore Boston Harbor Table GGR: $29,907,304.74 Slots GGR: $32,797,874.02 Table and Slots GGR: $62,705,178.76 Tax Collected: $15,676,294.69 MGM Springfield Table GGR: $5,398,514.88 Slots GGR: $17,858,976.07 Table and Slots GGR: $23,257,490.95 Tax Collected: $5,814,372.74 Plainridge Park Casino Table GGR: Not Available Slots GGR: $12,040,729.95 Table and Slots GGR: $12,040,729.95 Tax Collected: $5,899,957.68 |