MGM Springfield Gambling Revenue Takes A Dip In September
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According to the monthly revenue report for casinos in Massachusetts, the Massachusetts Gaming Commission (MGC) disclosed that MGM Springfield experienced a decline of approximately 6.5% in gross gaming revenue (GGR) for September compared to the figures in August.
MGM Springfield witnessed a decrease in its gross gaming revenue (GGR) from $22 million in August to approximately $20.6 million in September, resulting in a precise revenue decline of $1,421,183.63.
September Revenue Breakdown
In September, MGM Springfield’s slot machines brought in a total of $16,358,042, whereas in August they generated $17,518,085. Similarly, the casino’s tables collected $4,213,605 in September, slightly lower than the $4,474,746 collected in August.
In summary, the total gambling revenue generated by the state’s three retail casinos, including Encore Boston Harbor and Plainridge Park Casino (PPC), reached around $94 million. This amount represents a $2 million increase compared to August, primarily attributed to the growth in gambling revenue at Encore Boston and PPC.
In September, the resort casinos were subjected to a 25% tax on Gross Gaming Revenue (GGR), while the Personal Property Class (PPC) was taxed at a rate of 49% by the state. MGM Springfield, for instance, contributed $5,142,911 in taxes during this period. Consequently, the combined tax revenue generated by the three casinos amounted to around $26.5 million for September.
Raynham Park aspires to transform into a central hub for sports betting.
MGM Springfield 2022 GGR And Taxes To Date
The following table provides a detailed breakdown of the Gross Gaming Revenue (GGR) at MGM Springfield for each month of 2022 to date.
| Month | Slot GGR | Table GGR | Total Slot and Table GGR | Total (25%) in collected state taxes |
|---|---|---|---|---|
| January 2022 | $14,386,892.72 | $4,214,795.50 | $18,601,688.22 | $4,650,422.06 |
| February 2022 | $15,711,906.08 | $4,220,007.75 | $19,931,913.83 | $4,982,978.46 |
| March 2022 | $18,837,606.75 | $5,442,915.75 | $24,280,522.50 | $6,070,130.63 |
| April 2022 | $18,404,598.73 | $4,135,430.05 | $22,540,028.78 | $5,635,007.20 |
| May 2022 | $17,113,181.60 | $4,039,067.85 | $21,152,249.45 | $5,288,062.36 |
| June 2022 | $16,936,388.21 | $4,209,619.31 | $21,146,007.52 | $5,286,501.88 |
| July 2022 | $17,275,318.86 | $4,242,403.60 | $21,517,722.46 | $5,379,430.62 |
| August 2022 | $17,518,085.09 | $4,474,746.40 | $21,992,831.49 | $5,498,207.87 |
| September 2022 | $16,358,042.03 | $4,213,605.83 | $20,571,647.86 | $5,142,911.97 |
| TOTAL | $152,542,020.07 | $39,192,592.04 | $191,734,612.11 | $47,933,653.05 |
Massachusetts Retail Casinos Gear Up for Sports Betting
Upcoming Massachusetts Sports Betting Launch
According to public hearings held by the MGC in October, MGM Springfield is anticipated to introduce retail sports betting either in late January or early February. If all goes as planned, the casino will be able to accept bets for the Super Bowl on Feb. 12. The resort has already prepared sports betting lounges for its customers, pending final approval of the date. Additionally, MGM Springfield’s TAP Sports Bar has a dedicated area for sports betting, all set for enthusiastic bettors.
Online sports betting in Massachusetts is expected to launch in the near future, potentially as soon as March. Casino enthusiasts can utilize the BetMGM app to place bets and earn MGM Rewards points, which can be redeemed for various benefits such as entertainment, dining, and hotel perks.
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