MGM Springfield Gambling Revenue Takes A Dip In September
In the state’s monthly revenue report for casinos, the Massachusetts Gaming Commission (MGC) revealed that MGM Springfield’s gross gaming revenue (GGR) for September dipped nearly 6.5% from August figures.
In September, MGM Springfield’s GGR totaled nearly $20.6 million. In August, the casino had almost $22 million in GGR. The exact dollar amount of the decrease in revenue was $1,421,183.63.
September Revenue Breakdown
MGM Springfield’s slots generated $16,358,042 in September, compared to $17,518, 085 in August. The casino’s tables collected $4,213,605 in September compared to $4,474,746 in August.
Overall, the state’s three retail casinos, which include the resort-style Encore Boston Harbor and the slots-only Plainridge Park Casino (PPC), took in approximately $94 million in GGR. That figure is up $2 million from August due to increases in GGR by Encore Boston and PPC.
The state taxes the resort casinos 25% of GGR and PPC at a rate of 49%. MGM Springfield paid $5,142,911 in taxes for September. Overall, the tax revenue from the three casinos was approximately $26.5 million in September.
Related news: Raynham Park Hopes To Become A Sports Betting Hub
MGM Springfield 2022 GGR And Taxes To Date
The table below breaks down the GGR at MGM Springfield for each month of 2022 so far.
|Month||Slot GGR||Table GGR||Total Slot and Table GGR||Total (25%) in collected state taxes|
Casino sports betting: Massachusetts Retail Casinos Prepare For Sports Betting
Upcoming Massachusetts Sports Betting Launch
MGM Springfield is expected to offer retail sports betting in late January or early February, according to public hearings of the MGC in October. This means the casino could take bets for the Super Bowl on Feb. 12. The resort has sports betting lounges ready for customers as soon as a final date is approved. MGM Springfield’s TAP Sports Bar also has a sports betting area that is ready for bettors.
Massachusetts online sports betting will come later, possibly as early as March. For the casino, bettors can make wagers via the BetMGM app and accrue MGM Rewards points redeemable for entertainment, dining, and hotel perks.