According to the latest monthly revenue report from the Massachusetts Gaming Commission, the state’s casinos and sports betting operators combined to generate just over $160 million in gross gaming revenue (GGR) during the month of April.
The latest figures represent an increase of 4.84% over the previous month when GGR totaled $152.6 million.
The report also reveals that the three retail sportsbooks and six mobile/online sports wagering licensees currently active in the state generated $58.91 million in taxable sports wagering revenue (TSWR) during the month.
Casino revenue
Plainridge Park Casino, MGM Springfield and Encore Boston Harbor combined to generate $101 million in GGR throughout the month. This was a drop of 2.8% compared to the $104 million reported in the previous month.
Encore Boston Harbor was the market leader in all categories reporting monthly GGR of $63.9 million, down by 3.47% month-by-month. This resulted in state taxes of $15.9 million or 55.8% of all casino gaming taxes for the month.
Meanwhile, MGM reported GGR of $23.7 million, marginally less than the previous month. This saw the casino pay in just over $5.9 million in taxes. Plainridge reported $13.4 million from its slots only facility. This resulted in taxes of $6.5 million due to its tax rate of 49%.
Overall, the state collected $28.5 million in taxes from casino gaming and $89,546 from retail sports betting at the casinos. This brings the total collected from casinos during April to just over $28.5 million and means that the state has now collected over $1.403 billion in taxes from casinos alone since the industry launched.
Sports Wagering Revenue
During April the state’s three retail sportsbooks reported revenues as follows:
| Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| MGM Springfield | $1.6 million | -$232,493 | -13.84% | $0 |
| Encore Boston Harbor | $7.9 million | $230,808 | 3.14% | $34,621 |
| Plainridge Park Casino | $3.3 million | $366,166 | 11.04% | $54,925 |
| Total | $13.025 million | $364,481 | 3.05% | $89,546 |
There were also six licensed mobile sports betting operators active during the month:
| Mobile Operator | Wagers | Taxable Revenue | Hold | Taxes |
|---|---|---|---|---|
| Barstool | $24.5 million | $1.9 million | 7.98% | $379,987 |
| BetMGM | $42.9 million | $4.6 million | 10.98% | $922,190 |
| Caesars | $19.4 million | $1.6 million | 8.66% | $326,640 |
| DraftKings | $283.8 million | $28.2 million | 10.20% | $5.6 million |
| FanDuel | $172.6 million | $21.7 million | 12.8% | $4.3 million |
| WynnBet | $22.8 million | $405,977 | 2.03% | $81,195 |
| Total | $566.2 million | $58.5 million | 10.58% | $11.7 million |
Since the launch of mobile sports betting in Massachusetts during March, the state has now collected just over $21 million in taxes.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.