The state’s three casinos raked in almost $100 million in gross gaming income final month with greater than $27.6 million certain for the state’s coffers, the Gaming Commission introduced Monday.
Of the $99 million that Plainridge Park Casino, MGM Springfield and Encore Boston Harbor counted as gaming income in July, the lion’s share got here from Encore. The Everett on line casino took in $64.7 million — a little bit greater than $35 million from slot machines and $29.67 million from desk video games. MGM Springfield, the one different full-scale on line casino within the state, reported July income of $21.5 million. More than $17.27 million of that got here from slot machines in Springfield.
Encore’s month-to-month income interprets into simply greater than $16.18 million in taxes and costs for the state, whereas MGM’s month-to-month gaming income means about $5.39 million for the state’s coffers.
Consumer debt hits pre-pandemic excessive
Consumers proceed to tackle extra bank card debt as inflation hikes up their spending.
Consumer revolving debt — which is generally based mostly on bank card balances — gained $14.8 billion on a seasonally adjusted foundation in June. It’s now as much as $1.125 trillion, taking it previous its pre-pandemic excessive, in keeping with the Fed’s G. 19 shopper credit score report.
For June, inflation rose 9.1% over the yr (and 1.3% from May ranges), which suggests customers needed to shell out extra money to purchase items.
In June, card balances rose a wholesome 16% on an annualized foundation, following May’s 7.8% (revised) acquire and April’s strong 19.6% soar.
Total shopper debt — which incorporates scholar and auto loans, in addition to revolving debt — gained $40.1 billion to the touch $4.627 trillion in June. That’s a ten.5% seasonally adjusted annualized enhance.
Source: www.bostonherald.com”