State take from MGM $6.7m in September
MA collection from Plainridge was slightly more at $7m
STATE HOUSE NEWS SERVICE
THE FIRST FULL MONTH of gambling at a full-scale casino yielded more than $6.7 million in tax revenue for Massachusetts and almost $27 million in gross revenue for MGM Springfield, the Gaming Commission said Monday.
Players wagered $190 million on MGM Springfield’s slot machines in September and, while 90.45 percent of it was returned to players as winnings, MGM Springfield reported $18.15 million in gross slot revenue last month. The casino also counted $8.8 million in gross revenue from its table games in September for total monthly revenue of $26.95 million.
Full-scale casinos in Massachusetts are taxed at a rate of 25 percent of their gross gaming revenue and the monthly state tax haul from MGM in September was $6.74 million, the Gaming Commission said. MGM Springfield, which opened on Aug. 23, collected gaming revenue of roughly $9.46 million between its opening and the end of August.
Plainridge is taxed on 49 percent of its gross gaming revenue, with 82 percent of the levy going to local aid and 18 percent to a fund set up with the goal of supporting horse racing, an industry that is struggling in Massachusetts