Bettors put practically $315 million on the road in wagers on sporting occasions that passed off final month, producing greater than $22.7 million in taxable income for operators and about $4.55 million in tax income for the state.
The Mass. Gaming Commission stated Friday that sports activities wagering and casino-style playing mixed in August to generate greater than $120.6 million in taxable income for operators and $32.16 million in income for the state. Gambling on the state’s three casino-style amenities — the Plainridge Park Casino slots parlor, MGM Springfield and Encore Boston Harbor — was accountable for the nice majority of each the operators’ income ($97.9 million or 81.2 %) and the state’s tax take ($27.62 million or 85.8 %).
There was $314.9 million wagered on authorised sporting occasions that passed off in August, up from a deal with of $294.9 million in July however nonetheless down from the $332 million wagered on June occasions and the state’s excessive water mark of $568.2 million wagered on March occasions.
Almost the entire betting exercise (97.6 %) in August passed off on the eight cell or on-line platforms final month, the Gaming Commission stated. Those firms have been taxed on $22.55 million of the $23.3 million they counted in income. That generated state income of $4.51 million for the month.
The sportsbooks on the state’s three brick-and-mortar gaming facilities took in about $177,200 in income from in-person sports activities wagering, about $157,780 of which was taxable. That spurred one other $32,356 in tax income for the state final month.
On the on line casino facet, Plainridge Park produced greater than $13 million in gross gaming income, MGM Springfield generated about $23.5 million and Encore produced $61.3 million in income, the Gaming Commission stated. That works out to $27.62 million in state tax income for the month.
To date, Massachusetts has collected $50.35 million in whole taxes and assessments from sports activities wagering operations, which launched in January, and $1.515 billion in whole taxes and assessments from on line casino operations, which launched in mid-2015.
Source: www.bostonherald.com”