MGC Releases October 2020 Gross Gaming Revenue for Plainridge Park Casino, MGM Springfield and Encore Boston Harbor
- November 16, 2020
- by MGC Communications
- 0 comments
The Massachusetts Gaming Commission reported today that the month of October 2020 at Plainridge Park Casino (PPC), MGM Springfield and Encore Boston Harbor generated approximately $69 million in Gross Gaming Revenue (GGR). The results reported today reflect the third full month of GGR collected after casinos were permitted to reopen in Phase 3 of the Commonwealth’s phased reopening. The three licensees collected approximately 88% of gross gaming revenue on approximately 50 percent of the gaming positions available, as compared to October 2019.
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 $655 million in total taxes and assessments from PPC, MGM and Encore since the respective openings of each gaming facility.
View comprehensive revenue reports for each gaming licensee here. MGC issues monthly revenue reports on the 15th of each month or next business day.
