MGC Publishes Gross Gaming Revenue for October 2022

Earlier this week the Massachusetts Gaming Commission released the financial results of the state’s casinos for the month of October 2022. During the month, the casinos brought in a collective total of $97 million in Gross Gaming Revenue (GGR).

The state’s most successful casino was MGM Springfield, which brought in $22.9 million from its slots and table game operations. It was the casino’s highest monthly revenue since March 2022; furthermore, it was higher than the casino’s total gambling revenue in October 2019, before the pandemic, which was $19 million.

According to the Massachusetts Gaming Commission, Plainridge Park Casino, MGM Springfield and Encore Boston Harbor generated total GGR of roughly $97 million in October. This represents a 1% increase year-on-year and a 3% monthly increase over September.

This month, the MGM Springfield reported to the Massachusetts Gaming Commission that it currently has up to 1,320 employees and there are vacant jobs available. At the start of the year, it employed around 1,200 people. Prior to opening in 2018, the casino promised to create 3,000 jobs.

The casino also predicted that it would have annual GGR in the region of $418 million, or $34.8 million per month, a figure that has never been achieved.

So far, Massachusetts has collected a total of roughly $1.235 billion from the three gaming venues. The MGM and Encore are both taxed at 25% and Plainridge Park, which is a slots only venue, is taxed at 49% of GGR. October saw Encore report $62 million in GGR and Plainridge report $12.3 million.

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