According to the latest monthly revenue report from the Massachusetts Gaming Commission, the state’s casinos and sports betting operators combined to generate $159.9 million in gross gaming revenue (GGR) throughout the month of May.
May’s figures represent a very slight drop of 0.25% when compared to April’s total of $160 million.
Casino revenue
Plainridge Park Casino, MGM Springfield and Encore Boston Harbor combined to generate $99 million in GGR throughout May. This was a drop of 1% compared to the $100 million reported in the previous month.
Encore Boston Harbor was the market leader in all categories reporting monthly GGR of $62.5 million, down by 2.1% month-by-month. This resulted in state taxes of $15.6 million or 56.3% of all casino gaming taxes for the month.
Meanwhile, MGM reported GGR of $23.3 million, a slight drop from the previous month. This resulted in $5.8 million in taxes. Plainridge reported $12.8 million from its slots only facility. This resulted in taxes of $6.2 million due to its tax rate of 49%.
Overall, the state collected $27.7 million in taxes from casino gaming and $238,230 from retail sports betting at the casinos. This brings the total collected from casinos during May to just under $28 million and means that the state has now collected over $1.431 billion in taxes from casinos alone since the industry launched.
Sports Wagering Revenue
Massachusetts Gambling Revenue Dips Slightly in MayDuring April the state’s three retail sportsbooks reported revenues as follows:
| Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| MGM Springfield | $1.9 million | -$28,380. | -1.22% | $0 |
| $6.7 million | $1.3 million | 20.5% | $204,319 | |
| Plainridge Park Casino | $2.7million | $226,079 | 8.44% | $33,911 |
| Total | $11.4 million | $1.5 million | 13.93% | $238,230.92 |
There were also eight licensed mobile sports betting operators active during the month as two new sportsbooks entered the market; Betr and Fanatics:
| Mobile Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| Barstool | $16 million | $1.8million | 11.42% | $356,994 |
| BetMGM | $34.9 million | $5.4 million | 15.68% | $1.07 million |
| Betr | $592,965 | $47,110 | 7.94% | $9,124 |
| Caesars | $19.02 million | $1.3 million | 7.28% | $267,488 |
| DraftKings | $221 million | Massachusetts Gambling Revenue Dips Slightly in May13.85% | $6.01 million | |
| Fanatics | $123,108 | $41,868 | 34.01% | $8,354 |
| FanDuel | $135.3 million | $20 million | 14.8% | $3.9 million |
| WynnBet | $16.4 million | $1 million | 6.4% | $201,942 |
| Total | $443.5 million | $60.5 million | 13.64% | $11.9 million |
Since the launch of mobile sports betting in Massachusetts during March, the state has now collected $32.9 million in taxes.
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.