MGC Releases Annual Report for Fiscal Year 2022

MGC Releases Annual Report for Fiscal Year 2022
Fact Checked by Pat McLoone

The Massachusetts Gaming Commission (MGC) on Monday released its 2022 Annual Report, which details the Commission’s operations from July 1, 2021 through June 30, 2022.

The 36-page report covers a whole host of topics from financial updates, recommendations for legislative action, results on licensee workforce and supplier diversity goals, casino property and project summaries, division reports, etc.

Many changes and preparations for a historic 2023 with the launch of retail and mobile Massachusetts sports betting were implemented during this period.

The MGC added two new Commissioners: Nakisha Skinner, who replaced 10-year Commissioner Gayle Cameron, and Jordan Maynard, who began his tenure at the start of fiscal year 2023.  The MGC now consists of five Commissioners. Internal staff within the MGC also grew by 20%.

It was a good year for the state as well, as Gross Gaming Revenue (GGR) reached more than $1.1 billion, generating more than $311.5 million in tax revenue for the Commonwealth.

 
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MGC Initiatives in Full Swing

The Community Mitigation Fund (CMF) awarded approximately $10.6 million in grants last fiscal year. The CMF provides grant funding to eligible municipalities and government entities located within the vicinity of Massachusetts casinos to advance needs in transportation, community planning, workforce development and public safety initiatives.

The MGC’s Investigations and Enforcement Bureau (IEB) provided great support and cracked down across the state. The IEB garnered more than $3.6 million from unpaid taxes and child support payments.

Two major continuing efforts — especially now with the dawn of Massachusetts sports betting apps within the Commonwealth — are promoting responsible gaming and providing ways for the consuming public to responsibly manage their wagers with programs such as Voluntary Self-Exclusion (VSE) and PlayMyWay.

The MGC noted that 1,150 people enrolled in Fiscal Year 2022 in the VSE program, which allows people to voluntarily exclude themselves from casino gambling — and now sports wagering — for a certain, defined amount of time. Meanwhile, more than 31,000 signed up for PlayMyWay, a free budgeting tool that lets players track their play and receive automatic alerts as they near their budgeted limit.

PlayMyWay, which launched at MGM Springfield (BetMGM Massachusetts) last March, is now available at all three Massachusetts casinos, including Encore Boston Harbor in Everett (WynnBET) and Plainridge Park Casino (Barstool).

The MGC also supports a wide range of gambling-related research projects, including six that were released last year. The library of research is available for public review on the MGC’s website.

“My fellow commissioners and I are proud of what we have accomplished over the last fiscal year on behalf of the residents of the Commonwealth and invite the public to continue to review those efforts,” MGC Chair Cathy Judd-Stein said in a news release.

“This Annual Report details the hard work of the entire team at the MGC, and I want to commend them all for their consistent, thorough, and transformative efforts and their genuine commitment to public service during this fiscal year and in the busy period to come.” 

BetMassachusetts.com — your source for Massachusetts betting promos — will keep you updated on key news on sports gambling in the state.

We will also be tracking New England Patriots odds, as well as other Massachusetts sports teams throughout the year. 

Check out our Boston Celtics odds page leading up to the NBA Playoffs, and keep an eye out for Bruins and Red Sox odds and news.

 
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Author

Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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