Massachusetts Sees Highest Gambling Revenue in April Since Pandemic

Spread the Word:

Massachusetts’ casinos have reported their best revenue figures for the last month since the pandemic-led closures began last March. According to data released Monday by Massachusetts Gaming Commission (MGC), nearly $85 million in gross gaming revenue (GGR) from the state’s two casinos and a slots parlor in April was the largest monthly number since Feb. 2020. It also represented a slight improvement from the $84 million in GGR reported in March, the first month to show pandemic recovery.

The Bay State generated more than $24.16 in taxes in taxes, the largest amount the state yielded from its three gaming licensees since Feb. 2020 when the casino industry amassed more than $24.32 million in state taxes during the last month before COVID-19 restrictions were put in place nationwide.

Plainridge Park Casino

The slots parlor at Plainridge Park Casino, MGM Springfield, and Encore Boston Harbor posted a combined total of $84.63 million in GGR in April, nearly $673,000 more than reported in March.

The players put $169.68 million into the gambling machines at the Plainville slots parlor in April, allowing the establishment to keep 7.38% of all slot wagers, and causing $12.52 million in gross monthly revenue, the highest figure for the harness racing track and slot machine parlor since July 2019.

That revenue generated more than $6.13 million in state taxes, with a 49% deduction rate.

MGM Springfield

MGM Springfield, which set a record in March, totaled nearly $204.1 million in April. The casino kept 8.65% of that or $17.65 million in slot revenue. After adding $4.28 million in table game revenue, the first resort casino in the Commonwealth reported over $21.93 in gross gaming revenue in April.

The State of Massachusetts drew nearly $5.48 million in taxes from MGM Springfield last month.

Encore Boston Harbor

However, the lion’s share of Massachusetts gaming revenue was drawn from Encore Boston Harbor. Wynn Resorts-owned luxury resort and casino generated more than half of the Bay State’s GGR last month, or $50.18 million.

Of that, $29 million came only from its slots, into which gamblers put more than $336.1 million. Another $21.19 million in GGR was the fruit of table games played at the casino last month. The establishment located at Everett churned out nearly $12.55 million in tax revenue for the state in April.

How Have We Reached Here?

Since legalizing gambling in 2011, the Bay State has generated more than $767.21 million in gaming revenues. Of this cumulative GGR, Plainridge Park accounts for $420.39 million, MGM about $141.87 million, and Encore Boston Harbor almost $204.95 million.

Massachusetts casinos were shut down in March 2020 amid the pandemic and were allowed to open months after in July under strict capacity limits.

Future Expectations

The Bay State expects nearly $252 million in average annual gaming revenue based on previous monthly averages.

A slightly less optimistic projection was made by the Executive Office of Administration last month when it said the fiscal 2021 budget expects the state will raise $226.2 million for the budget year ending June 30.

The casinos in Massachusetts have been open for nine-and-half of the 10 months of fiscal 2021 year, allowing the state to collect nearly $184.87 million. If the remaining two months follow the monthly average of almost $21 million, the state would achieve $226.87 million in GGR this fiscal year.

The three casinos have been operating since July under strict occupancy limits, which may be lifted by May 29 following the governor’s announcement. However, the Gaming Commission will decide on its own to finalize changes for its licensees. The commission is expected to meet on Thursday.

Related News

Wilmington Delaware
November 30, 2020

Delaware Posts Its Highest Sports Betting Revenue Since Pandemic

Delaware has posted its highest sports betting revenue figures in October since the pandemic hit the US, and second-highest of the year. According to the figures released by the Delaware […]

read more
October 22, 2020

US Sports Betting Crosses $25bn Handle Since PASPA

More than $25 billion has been legally wagered in the US sports betting since 2018 following the Supreme Court ruling against PASPA. The Professional and Amateur Sports Protection Act of […]

read more
Encore Boston Harbor Casino, MA
March 20, 2021

Massachusetts Casinos See Highest Handle & Revenue Since October

Massachusetts casinos have reported the best numbers in both handle and revenue for the month of February since October 2020. The state’s three commercial casinos – Plainridge Park Casino, MGM […]

read more
Massachusetts Lottery "You Have to Play"
July 29, 2021

Massachusetts Lottery Made $1.1 Billion, An All-Time High, During the Past 12 Months of the Pandemic

Despite the pandemic, the Massachusetts Lottery has set a new record by posting an estimated profit of $1.1 billion in the fiscal year that ended last month. The agency announced […]

read more
Oregon State House
May 7, 2021

Oregon Sports Betting Handle, Revenue Increase in April

Oregon sports betting reported a handle of $25.3 million in April, witnessing a 5.3% increase from March which brought $24.1 million for the month. Even more significant was the sportsbook […]

read more
Manchester, NH
July 2, 2021

New Hampshire Sports Betting Handle Nosedives Since March

New Hampshire sports betting reported a further decline for the second straight month as May handle slid a further 9.3% from April’s 16.3% dip. The two disappointing months followed a […]

read more
Las Vegas strip
August 2, 2021

Nevada Casinos Report Highest Revenues Since 2008

Nevada casinos recorded more than $1 billion for the fourth straight month in June, witnessing the first fourth-month streak of $1 billion since 2008. According to the Control Board Senior […]

read more
June 11, 2019

New Jersey iGaming Posts Second-Highest Monthly Revenue Total in April

Throughout the month of April, the iGaming industry in New Jersey posted its second-strongest monthly revenue total ever at $36,582,934. That figure – comprised of the combined online casino and poker […]

read more
Las Vegas
May 15, 2021

Nevada Posts Third-Highest Sports Betting Handle Since PASPA Judgment

A crazier March Madness catapulted Nevada sports betting handle to $641 million, the state’s third-highest monthly total in the post-PASPA era. March total was also a 15.7% increase from February’s […]

read more
Virginia
September 5, 2021

Virginia Sports Betting July Handle Lowest Since Launch

Virginia sports betting reported a 31% drop in its monthly handle in July, the lowest full month for the industry since it launched in late January. According to figures released […]

read more
Las Vegas
May 5, 2021

Nevada Casinos Win Top $1bn, Highest Since 2013

In what appears to be a continued sign of recovery, Nevada casinos saw more than $1 billion in winnings in March, the highest number since 2013. According to the report […]

read more
Chicago skyline
August 7, 2021

Illinois Sports Betting Touches Highest-Ever Revenue Despite Dip in June Handle

Despite posting the lowest handle this year, and slipping to the third position in US sports betting, Illinois touched the highest revenue with $47.5 million in June. The state’s sportsbooks […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.