In August, Massachusetts saw a whopping $103 million in casino revenue, surpassing all expectations and solidifying the state’s status as a powerhouse in the gambling industry. This surge in revenue comes as a welcome surprise, considering the challenges faced by the gaming industry in the wake of the COVID-19 pandemic.
According to data released by the Massachusetts Gaming Commission, the state’s three casinos – MGM Springfield, Encore Boston Harbor, and Plainridge Park Casino – reported a combined revenue of $103,566,393 in August. This represents a significant increase from the $82 million in revenue reported in July and marks the highest monthly revenue total since the casinos reopened in July 2020.
The impressive figures can be attributed to a variety of factors, including the return of in-person gambling, increased vaccination rates, and the overall resurgence of the economy. With more people feeling comfortable returning to casinos and entertainment venues, it’s no surprise that revenue has seen a substantial uptick.
MGM Springfield led the way in August, posting revenue of $31.2 million, a 20% increase from the previous month. Encore Boston Harbor followed closely behind with $29.6 million in revenue, up 14% from July. Plainridge Park Casino, the state’s lone slots parlor, reported revenue of $15.8 million, a 10% increase from the previous month.
The strong performance of Massachusetts’ casinos is a testament to the resilience of the gaming industry and the economic impact these establishments have on the state. In addition to generating revenue for the state through taxes and licensing fees, casinos also create jobs and stimulate local economies.
As Massachusetts continues to navigate the challenges of the pandemic, the success of the state’s casinos provides a glimmer of hope for the future. With revenue surpassing $100 million in August, it’s clear that the gambling industry is back on track and poised for continued growth in the months ahead.
