State Passes $1B-Mark in Taxes, Assessments as MGC Releases February 2022 Gross Gaming Revenue for Plainridge Park Casino, MGM Springfield and Encore Boston Harbor
- March 15, 2022
- by MGC Communications
- 0 comments
The Massachusetts Gaming Commission reported today that the month of February 2022 at Plainridge Park Casino (PPC), MGM Springfield and Encore Boston Harbor generated approximately $86 million in Gross Gaming Revenue (GGR).
PPC, a category 2 slots facility, is taxed on 49% of GGR. Of that total taxed amount, 82% is paid to Local Aid and 18% is allotted to the Race Horse Development Fund. MGM Springfield and Encore Boston Harbor, category 1 resort-casinos, are taxed on 25% of GGR; those monies are allocated to several specific state funds as determined by the gaming statute.
To date, the Commonwealth has collected approximately $1.018 billion in total taxes and assessments from PPC, MGM and Encore since the respective openings of each gaming facility.
“My colleagues at the MGC and I are pleased to highlight this milestone. When the legislature passed the expanded gaming act in 2011, they envisioned a regulated gaming industry in the Commonwealth that would serve as an economic driver while promoting responsible play,” said MGC Chair Cathy Judd-Stein.
“Just over 11 years since this law was signed, the Commonwealth has collected over $1 billion in total taxes and assessments from casinos operating in Massachusetts. This revenue has and continues to benefit the Massachusetts economy by bolstering local aid, funding transportation and infrastructure projects, ensuring essential community mitigation initiatives are backed, and that the health and safety of the industry and those who engage with it are a top priority.
“This is a marker of the success of the law and the commitment of our licensees, my fellow commissioners past and present, the MGC staff, and residents of the Commonwealth to a safe and vibrant gaming industry in Massachusetts.”
View comprehensive revenue reports for each gaming licensee here. MGC issues monthly revenue reports on the 15th of each month or next business day.
