Encore Boston Harbor Generates 60% of July Revenue in Massachusetts

  • Three casinos operating in Massachusetts generated a combined $81.4m in revenue
  • Encore Boston Harbor was the leader, contributing more than $48m for the month
  • MGM Springfield and Plainridge Park both saw revenues affected by the new casino
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Encore Boston Harbor outperforms the competition in July revenue totals. [Image: Shutterstock]

July revenue leader

The Massachusetts Gaming Commission has released the July revenue numbers for the three casinos operating in the state. A total of $81.4m was generated for the month. Around 60% of this total was produced by the new Encore Boston Harbor casino.

Encore Boston Harbor reported just over $48m in revenue from table games and slots in July.

The Wynn Resorts property easily beat out the competition, earning over $20m more when compared to the MGM Springfield and over $30m more than Plainridge Park Casino.

Encore Boston Harbor reported just over $48m in revenue from table games and slots in July. The MGM Springfield produced much less at $20.4m. Slot parlor Plainridge Park Casino was able to generate $12.5m.

The Encore Boston Harbor table game revenues were so high, they beat out the overall totals at Plainridge Park and MGM individually. The table game revenue at the Encore came in at $27.4m.

Slot games also did well at the Encore, generating $21.2m in July, with gamblers wagering over $262m. The property is home to just over 3,100 slot machines.

Low points

Both Plainridge Park and MGM Springfield hit new low points in July. The newness of the Encore Boston Harbor, which opened in late June, played a role in the lowered activity at the two venues. Plainridge Park saw gaming revenues drop to a new low since January 2019 with last months earnings.

For MGM Springfield, the revenue totals were better in July than June. However, last month marked the third time that the monthly revenues from the casino dropped below the $21.2m mark.

Tax collection

The state is set to reap the rewards from the casino revenues, via taxes paid by each venue. The Encore Boston Harbor will contribute the most at $12.1m. MGM Springfield will pay $5.1m, while over $5m will be provided by Plainridge Park.

MGM Springfield and Encore pay 25% of their gross gaming revenues (GGR) as they are full scale casinos. Plainridge pays taxes for local aid as well as money being contributed to the Race Horse Development Fund. The fund will receive $1.1m in July from Plainridge earnings.

Plainridge must pay a much higher tax on their GGR of 49% with the majority of that amount going towards local aid and a smaller portion to the horse racing fund.