MGM Springfield Sees Slight Increase In Revenue From July

According to the Massachusetts Gaming Commission’s monthly revenue report, the gross gaming revenue (GGR) for MGM Springfield in August showed a slight increase compared to July 2022. In August, MGM Springfield generated approximately $22 million in gross gaming revenue, which is $475,109 higher than the previous month’s total of $21.5 million.

August Revenue Breakdown

During the month of August, the casino’s slot machines accrued a total of $17,518,085.09, while the tables managed to gather $4,474,746.40. In August of the previous year, the casino’s Gross Gaming Revenue (GGR) was around $21.8 million, reflecting a negligible disparity when compared to 2022.

MGM Springfield experienced a three-month closure (April to June) in 2020 as a result of the Covid-19 pandemic. In August, following the shutdown, the casino recorded an approximate Gross Gaming Revenue (GGR) of $18.5 million.

In total, the state’s three casinos, comprising the luxurious Encore Boston Harbor and the exclusively slots-focused Plainridge Park Casino, generated around $92 million in gaming revenue (GGR).

In August, the resort casinos in the state were subject to a 25% tax rate on their Gross Gaming Revenue (GGR). However, PPC had a higher tax rate of 49% on its GGR. MGM Springfield, one of the casinos, contributed $5,498,207.87 to the tax revenue. Altogether, the combined tax revenue from all three casinos amounted to around $25.8 million in August.

Furthermore, it is worth noting that residents of Massachusetts were eager to have the opportunity to engage with legal sportsbooks during the opening weekend of the NFL season.

MGM Springfield 2022 GGR And Taxes To Date

So far in 2022, the provided table presents a breakdown of the GGR at MGM Springfield on a monthly basis.

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
TOTAL	$136,183,978.04	$34,978,986.21	$171,162,964.25	$42,790,741.08

Massachusetts Anticipates the Emergence of Esports Betting

Sports Betting On The Way

Once the industry is established in Massachusetts, sports betting is anticipated to gain immense popularity. In the upcoming months, it is expected that numerous leading sportsbooks from around the nation will establish themselves in the Bay State. The current goal is to introduce sports betting in Massachusetts before 2022 comes to a close.

MGM Springfield is getting ready to embrace the excitement of sports betting, as the venue is equipped with two cutting-edge lounges specifically designed to cater to sports enthusiasts. The grander of the two lounges mirrors the ones found in renowned Las Vegas casinos, exuding an ambiance that closely resembles the thrilling atmosphere of sports betting hubs. Boasting 70 comfortable theater-style seats and an expansive wall adorned with high-definition monitors, customers can relish in the exhilaration of watching live sports events. Furthermore, the lounge will feature a stylish island bar, ensuring that guests have access to refreshments while enjoying their sports betting experience.

TAP Sports Bar at MGM Springfield is situated on the primary casino floor and features a dedicated space for sports betting.