Encore Boston Harbor Makes Up 60 Percent Of Massachusetts Gaming RevenueNewly-Opened Boston-Area Casino Won From Gamblers $48.6 Million In July |
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In its first full month of operation, Encore Boston Harbor was responsible for about 60 percent of the state’s gaming revenue.
According to numbers released by the Massachusetts Gaming Commission, the state’s three casinos generated $81.4 million in revenue throughout July. Encore Boston Harbor pulled in $48.6 million in revenue, making it far and away the most successful of the three casinos after opening in late June.
More than half of Encore’s revenue came from table games, which is the opposite trend of most casinos in the U.S., where slot machines make up the majority of gaming revenue. Encore generated $27.42 million in revenue from table games and another $21.15 million from slot machines.
Plainville Park Casino, which is comprised entirely of slot machines, generated $12.5 million in revenue and was the lowest-earning casino of the bunch.
MGM Springfield, which was in its 12th month of operation, took in $20.4 million, which was one of the worst-performing months in its short history. It won $4.9 million from table games and another $15.5 million from slot machines.
The state garnered $23.4 million in tax revenue from all three casinos. Plainridge Park is taxed at 49 percent of its gross revenue, while the other two full-scale casinos are taxed at 25 percent of gross revenue. Due to the difference in tax rate, Plainridge Park paid $6.14 million in taxes, while MGM paid just shy of $5.1 million. Encore paid $12.14 million.
Last month, in its first eight days of operation, Encore generated $16.8 million in gross revenue.
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