SPRINGFIELD – The three Massachusetts casinos saw gaming revenue spike in January, but continued to have significantly lower revenues than a year before the coronavirus pandemic.
Encore Boston Harbor, MGM Springfield and Plainridge Park had gross gaming revenues of approximately $ 58 million in January, compared to approximately $ 50 million in December 2020, as reported by the Massachusetts Gaming Commission.
MGM Springfield grossed $ 14,498,459.13 in January while Encore grossed $ 33,315,530.63. Plainridge grossed $ 9,792,037.73.
In December, MGM Springfield reported gross gaming revenue of $ 11.4 million, an 8.5% increase over the $ 10.5 million reported in November.
A year ago – for January 2020, before the pandemic – the gross gaming revenues of the three casinos totaled $ 80,256,037, according to the Gaming Commission. MGM Springfield's gross sales at the time were $ 20.6 million.
Governor Charlie Baker has eased COVID-19 restrictions on casinos, including ending a 9:30 pm. Curfew that allows you to return to operations around the clock. In addition, Baker has increased the allowable capacity in the casinos from 25% to 40%, although the casinos have stayed within the previous cap.
Government taxes from the casinos, based on gross gaming revenue, also increased last month. Total taxes paid to the state by casinos in January were $ 16,751,595.93. This compared to a total of $ 14.6 million in taxes paid in December.
MGM Springfield and Encore Boston Harbor are Category 1 resort casinos and are taxed at 25% of their gross gaming revenue under state gambling law.
Plainridge Park is a Category 2 slot facility and is taxed at 49% of its gross gaming revenue. Of this total taxable amount, 82% is paid to Local Aid and 18% to the Race Horse Development Fund.