Revenue Up in September for Massachusetts Casinos Amid Handle Decline

Revenue Up in September for Massachusetts Casinos Amid Handle Decline
By Jim Tomlin
Fact Checked by Michael Peters

September was a month of mixed fortunes for Massachusetts casinos.

As the state’s gaming outlets await the launch of sports betting in Massachusetts, the September revenue figures for slot machines and table games have landed.

The revenue rose 2.5% in September compared to August as the three casinos — Plainridge Park in Plainville, Encore Boston Harbor in Everett and MGM Springfield — combined for $94,355,226 in revenue last month.

In the August Massachusetts revenue report, the state made just more than $92 million.

September Revenue Data for Casinos

Encore Boston Harbor has been responsible for the bulk of Massachusetts casino revenue since it opened in 2019 and last month was no exception. Encore reported $61.58 million in revenue for September, according to the Massachusetts Gaming Commission. That figure derived from $32.94 million in revenue at slot machines and $28.64 million from table games.

MGM Springfield reported $20.57 million in revenue, with $16.36 million of that coming from slots. Plainridge Park, which only offers slots, reported $12.2 million in revenue in September.

MGM was the only one of the three casinos in the Bay State to have less revenue in September than in August ($22 million). Encore increased by about $3.5 million and Plainridge improved by a little more than $200,000. When mobile sports betting does launch, check back at this site for all the best BetMGM Massachusetts bonuses

The revenue was up 6.2% in a year-over-year comparison to September 2021, when the total was $88.82 million.

This statewide revenue increase came despite a drop in handle. The total handle was $758,390,747 in September, a 5.3% decline from August’s $800.9 million. The handle breakdown was: $383.55 million at Encore, $194.56 million at MGM and $180.28 million at Plainridge.

That September handle was 3.7% higher than the $731.38 million from 12 months earlier.

Update on Massachusetts Sports Betting

We now have a basic timeline set for the advent of wagering on sports in the state.

Monday was the deadline for prospective sportsbook operators in Massachusetts to submit a scoping survey (a component of a sports betting application) along with a $200,000 application fee.

The next public meeting of the Massachusetts Gaming Commission is set for 10 a.m. on Thursday (Oct. 20).

Those who wish to operate Massachusetts sports betting apps must pay 15% in taxes on retail, or in-person, sports betting in the state, and 20% on mobile wagering.

Retail sports betting is set to launch in January with online wagering to follow in March.

When the state launches and wagering on March Madness, the Red Sox, Celtics, Bruins and Patriots goes live, you can find the best MA sportsbook promo codes here at BetMassachusetts.com.

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Contributors

Jim Tomlin edits and writes about sports, gambling and the intersection of those two industries. He has 30 years of experience and has worked for the Tampa Bay Times, FanRag, Saturday Down South and Saturday Tradition. Now he lends his expertise to BetMassachusetts.com, among other sites.

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