CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Related News
 

MGC releases gaming revenues for August

17 September 2015

(PRESS RELEASE) -- The Massachusetts Gaming Commission (MGC) reported today that the month of August 2015 at Plainridge Park Casino has generated $15,228,050.58 in Gross Gaming Revenue (GGR). The category 2 slots parlor is taxed on 49% of gross gaming revenue; of that total taxed amount, 82% is paid to Local Aid and 18% goes to the Race Horse Development Fund. To date, the state has collected $19,365,688.25 in total state taxes and race horse assessments from Plainridge Park Casino since its June 24, 2015 opening.

MONTH: August
Slot GGR: $15,228,050.58
Slot Promotional: $578,047.81
Coin in: $166,244,497.24
Hold %: 9.13%
Payout %: 90.87%
Total collected state taxes and race horse assessments: $7,461,744.78

MGC will continue to post monthly revenue reports to its website MassGaming.com. The information will be available in the Revenue section and posted approximately the 15th of each month.

It is anticipated that Plainridge Park Casino will generate approximately $200 million of Gross Gaming Revenues in the first full year of operations, which would translate to approximately $98 million in revenues to the Commonwealth. Slot machine payouts are controlled by software and mandated by Commission regulation to have a minimum theoretical payout of 80% over the cycle of the game.

< Gaming News