International edition
October 21, 2020

All three properties were closed for at least the first week of the month

Massachusetts casinos generate USD 45 million in July

Massachusetts casinos generate USD 45 million in July
State government can expect to collect about $6.74 million in July taxes from Encore Boston Harbor — more than half of the monthly total — and another roughly $2.68 million in taxes from MGM Springfield.
United States | 08/18/2020

Revenue for the state amounted to nearly $13.2 million. Plainridge Park Casino reopened July 8, Encore Boston Harbor on July 12 and MGM Springfield on July 13. They are now operating under capacity limits and the casinos are not allowed to offer popular games like poker, roulette and craps.

T

he Massachusetts Gaming Commission on Monday reported July revenue at the three casinos, which generated about $45 million in revenue including nearly $13.2 million for the state. However, the report does not account for a full month since all three properties were closed for at least the first week of July.

All three facilities closed March 15 as the coronavirus pandemic took hold. Plainridge Park Casino reopened July 8, Encore Boston Harbor reopened July 12 and MGM Springfield reopened July 13. They are now operating under capacity limits and the casinos are not allowed to offer popular games like poker, roulette and craps.

State government can expect to collect about $6.74 million in July taxes from Encore Boston Harbor — more than half of the monthly total — and another roughly $2.68 million in taxes from MGM Springfield. Combined, the two full-scale casinos generated about $9.42 million in tax revenue for the state last month.

The two full-scale casinos in Massachusetts are taxed at a rate of 25% of their gross gaming revenue. Massachusetts is also entitled to more than $3.09 million of Plainridge’s July revenue in the form of taxes intended for local aid and another roughly $696,678 for the Race Horse Development Fund. That works out to a total tax or assessment hit of about $3.79 last month, according to the Gaming Commission. Plainridge is taxed on 49% of its gross gaming revenue, with 82% of the levy going to local aid and 18% to a fund set up with the goal of supporting horse racing.

Before the pandemic, the state could typically rely on at least $20 million in monthly tax revenue from gambling. Before they closed on March 15, the state’s casinos and slots parlor collected roughly $35 million in gross gaming revenue for that month, generating just under $10 million in tax revenue for the state.

Massachusetts has collected a cumulative $595 million in taxes and assessments from the three gambling facilities that have opened under the 2011 expanded gaming law, the Gaming Commission said.

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