Massachusetts Casinos Post $101.9 Million GGR in August

Massachusetts’s three casinos generated approximately $101.9 million in gross gaming revenue in August. This figure reflects a modest increase from the $95.7 million recorded in July.

Encore Boston Harbor accounted for $62.8 million in combined slot and table GGR. MGM Springfield followed with $23.8 million, and Plainridge Park contributed $15.1 million. Under state tax rules, Plainridge Park pays 49 percent on GGR as a Category 2 facility. The two Category 1 casinos pay 25 percent. Since opening, the three properties have delivered $2.5 billion in total taxes and assessments to the state.

Sports Wagering Adds $47 Million in Taxable Revenue

Seven mobile operators and three retail sportsbooks produced just over $47 million in taxable sports wagering revenue for the month. DraftKings led with $275.1 million in wagers settled, $22.8 million in taxable revenue, and $4.5 million in taxes. FanDuel posted $144.4 million in wagers settled, $12.8 million taxable, and $2.8 million in taxes.

Additional mobile figures include Fanatics at $62.2 million wagers settled, BetMGM at $48.8 million, Caesars at $18.2 million, The ScoreBet at $14.2 million, and Bally Bet at $2.8 million. Retail activity showed Encore Boston Harbor with $2.1 million in wagers settled and $213,936 taxable. MGM Springfield reported $600,791 in wagers settled with no taxable revenue. Plainridge Park recorded $2.04 million in wagers settled and $224,640 taxable.

Casinos pay 15 percent tax on sports wagering revenue while mobile operators pay 20 percent. Massachusetts has collected approximately $500.3 million in total taxes and assessments from sports betting since retail launch on January 31, 2023, and online launch on March 10, 2023. State law permits operators to carry forward negative adjusted revenue amounts to offset future tax liability, according to reporting by CDC Gaming.

Reporting: CDC Gaming

Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.