All three of the state’s playing facilities noticed their gaming receipts improve from September to October and the state stands to profit from October playing to the tune of just about $27.3 million, the Gaming Commission mentioned Tuesday.
Plainridge Park Casino, MGM Springfield and Encore Boston Harbor collectively generated greater than $97.3 million in gross gaming income final month, up about 3% from the roughly $94.3 million they hauled in throughout September. The state’s take for October was additionally up about 3% over September.
As standard, the vast majority of gross gaming income final month was generated at Encore Boston Harbor in Everett. The Gaming Commission reported Tuesday that the on line casino counted greater than $62 million in October income, greater than $15.5 million of which is because of the state.
MGM Springfield reported month-to-month gross gaming income of roughly $22.9 million, about $5.7 million of which is sure for state coffers. Encore and MGM are every taxed at a fee of 25% of gross gaming income and the cash collected is break up into buckets, like native help, the Transportation Infrastructure Fund, and an training fund.
The slots parlor at Plainridge Park in Plainville counted greater than $12.36 million in income final month, which works out to just a little greater than $6 million in taxes and charges for the state. Plainridge Park pays a 49% tax on its gross gaming income, with 82% of what’s collected earmarked for native help and the remaining 18% allotted to the state’s Race Horse Development Fund.
In all, the Gaming Commission mentioned the state can count on about $27.29 million in gaming tax income and charges from October playing exercise. Since Plainridge opened in June 2015, Massachusetts has collected greater than $1.235 billion from casino-style playing.
Source: www.bostonherald.com”