Plainridge Park Casino reported a payout rate of 92.07%
Massachusetts' first casino reports biggest revenue since opening
According to the Massachusetts Gaming Commission, since the gaming facility was opened in late June 2015 gamblers have wagered more than USD 4.21B and the state has collected more than USD 166M in taxes.
2017-08-16
Reading time 40 seg
According to the Massachusetts Gaming Commission, since the gaming facility was opened in late June 2015 gamblers have wagered more than USD 4.21B and the state has collected more than USD 166M in taxes.
Plainridge Park is the only casino to open under the state's six-year-old expanded gaming law, generated USD 15.5M in gross gaming revenue in July from a record USD 194.6 mil in wagers, according to the company's revenue report.
The gaming facility is taxed on 49% of its gross gaming revenue, with 82% of the tax levy going to local aid and 18 percent to fund set up with the goal of supporting horse racing, an industry that is struggling in Massachusetts.
The state is entitled to nearly $6.2 million of Plainridge's July revenue in the form of state taxes intended for local aid and another nearly $1.4 million for the Race Horse Development Fund. That works out to a total tax or assessment hit of $7,566,627 according to the Gaming Commission
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