Massachusetts gambling revenues set three-month record

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The last three months rank as the top three for state gambling  revenues since legal betting began more than six years ago, cumulatively generating nearly 10 percent of all of the gambling tax revenue collected to date.

The trend of strong gambling taxes began in July, when the state's three gambling centers counted $95.74 million in revenue and turned over a record $27 million in taxes and fees to the state. August stands as the second-best month yet with $92 million in casino revenue and $26.15 million in state taxes.

Gambling revenues in September took a small step down, but the roughly $89 million in gross revenue generated at Plainridge Park CasinoMGM Springfield and Encore Boston Harbor still yielded about $25.1 million for the state, the third-best month on record, according to monthly revenue figures reported Friday by the Massachusetts Gaming Commission.

July, August and September together have produced a little more than $78 million in revenue for the state, almost 9 percent of the $894 million that has been collected since Plainridge Park opened in June 2015 as the first facility authorized under the expanded gambling law that will turn 10 years old next month.

For September, the state is due 25 percent of Encore's $57.46 million in gross gambling revenue, which works out to about $14.36 million for the state.

The 25 percent cut of MGM Springfield's $19.36 million works out to $4.84 million for the state.

And from Plainridge, which is taxed at a rate of 49 percent, the state can expect about $5.9 million from the slots parlor's $12 million in gambling revenue last month.

https://www.patriotledger.com/story/news/2021/10/17/mass-gaming-revenues-set-three-month-record/8500445002/