MGM Springfield Making Strides Towards Pre-Pandemic Revenue Levels
With $191 million in gambling revenue this year, MGM Springfield Casino is advancing towards pre-pandemic profit levels. Even with a slight dip in monthly gross gaming revenue (GGR) in August, the casino is on track to surpass 2021 profits for its slots and tables. By September 2021, MGM’s GGR was about $181 million.
MGM Springfield Revenue Breakdown
The casino opened for business in August 2018. The following year was the most profitable, and by September 2019, the casino saw about $192.5 million in revenue, $825,088 more than the same period of this year. The total GGR for 2019 was $252.6 million.
Since the casino shut down for three months in 2020 due to the coronavirus pandemic, its profits dipped considerably. By September of that year, total GGR was just $98 million.
Below is a chart of MGM Springfield’s annual GGR and taxes collected to date:
|Year||Total Slot and Table GGR||Total (25%) in collected state taxes|
|2018 (Aug. 23 – Dec. 31 )||$101,482,954.83||$25,370,738.71|
|2022 through Sept.||$191,734,612.11||$47,933,653.05|
Sports Betting On the Way
Sports betting is on its way to Massachusetts! When the industry launches, MGM Springfield, and the state as a whole, is looking to bring in additional gaming revenue.
MGM Springfield is ready to offer retail sports betting when the Massachusetts Gaming Commission (MGC) finishes its regulatory review and announces a firm date for the launch of sports wagering. Currently, the state has tentative plans to allow retail sportsbooks to open in late January or early February so bettors can place wagers in time for the Super Bowl. Then, MA online sports betting apps are slated to launch later in the spring, perhaps by early March.
The casino area at MGM Springfield encompasses 125,000 square feet of space. Within that space, there are more than 2,500 slot machines, dozens of table games, a poker room, and keno. Because MGM Springfield is part of the MGM Resorts group, patrons who visit the property can take part in MGM’s loyalty program, MLife.
MGM Springfield also has several amenities that make the resort more family-friendly. Guests have to be 21 or older to visit the casino area, but there are several outlets that anyone can enjoy. In addition to the spa and salon that are common to many casinos, the property on Main Street also houses a Regal movie theater, a bowling alley, a video game arcade, and an indoor Top Golf location.
MGM Springfield customers can also earn MGM Rewards points for wagers placed in person or online that are redeemable for hotel, dining, and entertainment perks.