Massachusetts casinos begin to recover from the COVID-19 pandemic

Massachusetts casinos begin to recover from the COVID-19 pandemic

January was a good month for casinos in the state, all things considered

According to the latest update coming out of the state, Massachusetts casinos saw an improvement in January since a cumulative total of $57.6 million in gross gaming revenue (GGR) was generated in the month. Last Tuesday, according to the Massachusetts Gaming Commission, the state’s cut of the gaming revenue totals $16.75 million in tax revenue. Around 60% of it was thanks to Encore Boston Harbor in Everett.

January’s revenue haul for Encore Boston Harbor, MGM Springfield and Plainridge Park Casino represents an increase of around $7.77 million, 15.6% over last December. Still, this result is down more than $11 million, or 16.2%, from what was pulled down by the properties in October 2020. That was the last month the casinos were permitted to be open all night with no restriction. After that, they were required to be closed by 9:30 PM daily. Luckily for these establishments, that requirement was removed earlier this month.

In comparison to December, the GGR generated in January was up about $2.1; however, that revenue is almost $3 million less than the taxes generated in October’s $19.6 million, according to the commission. Last month, about 56% of all GGR was generated by Encore Boston Harbor. That amount was almost $33.33 million.
On the other hand, for the same month, MGM Springfield took in $14.5 million in GGR, generating around $3.62 million in state tax revenue, while the Plainridge Park Casino reported $9.79 million, of which around $4.8 million will go to the state.

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