According to the latest monthly revenue report from the Massachusetts Gaming Commission, the state’s casinos and sports betting operators combined to generate just over $160 million in gross gaming revenue (GGR) during the month of April.
The latest figures represent an increase of 4.84% over the previous month when GGR totaled $152.6 million.
Massachusetts Gambling Revenue up by 4.84% During AprilCasino revenue
Plainridge Park Casino, MGM Springfield and Encore Boston Harbor combined to generate $101 million in GGR throughout the month. This was a drop of 2.8% compared to the $104 million reported in the previous month.
Encore Boston Harbor was the market leader in all categories reporting monthly GGR of $63.9 million, down by 3.47% month-by-month. This resulted in state taxes of $15.9 million or 55.8% of all casino gaming taxes for the month.
Meanwhile, MGM reported GGR of $23.7 million, marginally less than the previous month. This saw the casino pay in just over $5.9 million in taxes. Plainridge reported $13.4 million from its slots only facility. This resulted in taxes of $6.5 million due to its tax rate of 49%.
Massachusetts Gambling Revenue up by 4.84% During AprilSports Wagering Revenue
During April the state’s three retail sportsbooks reported revenues as follows:
| Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| MGM Springfield | $1.6 million | -$232,493 | -13.84% | $0 |
| Encore Boston Harbor | $7.9 million | $230,808 | 3.14% | $34,621 |
| Plainridge Park Casino | $3.3 million | $366,166 | 11.04% | $54,925 |
| Total | $13.025 million | $364,481 | Massachusetts Gambling Revenue up by 4.84% During April$89,546 |
There were also six licensed mobile sports betting operators active during the month:
| Wagers | Taxable Revenue | Hold | Taxes | |
|---|---|---|---|---|
| Barstool | $24.5 million | $1.9 million | 7.98% | $379,987 |
| BetMGM | $42.9 million | $4.6 million | 10.98% | $922,190 |
| Caesars | Massachusetts Gambling Revenue up by 4.84% During April$1.6 million | 8.66% | $326,640 | |
| $283.8 million | $28.2 million | 10.20% | $5.6 million | |
| FanDuel | $172.6 million | $21.7 million | 12.8% | $4.3 million |
| WynnBet | $22.8 million | $405,977 | 2.03% | Massachusetts Gambling Revenue up by 4.84% During April|
| Total | $566.2 million | $58.5 million | 10.58% | $11.7 million |
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.