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MGM Springfield Total Revenue Recovers Slightly From Downward Trend

Gaming revenue at the casino in Springfield, Massachusetts, recovered slightly last month after a downward trend. But table gaming revenue is still declining.

The MGM Springfield casino delivered about $5.4 million to the state in taxes for December 2018, according to the Massachusetts Gaming Commission. That’s up slightly from $5.3 million in November.

Players wagered $194.26 million on the casino’s slot machines last month. While 92.66 percent of it was returned to players as winnings, MGM Springfield reported $14.26 million in gross slot revenue in December.

The casino also counted $7.3 million in gross revenue from its table games for a total monthly revenue of about $21.6 million.

Table gaming revenue at MGM Springfield has been declining since a high of $8.8 million earned for the month of September.

A table shows tax revenue collected from MGM Springfield by the state of Massachusetts.
Credit Massachusetts Gaming Commission
/
Massachusetts Gaming Commission
A table shows tax revenue collected from MGM Springfield by the state of Massachusetts.

While gamblers wagered about 15 percent more on MGM Springfield's slots in December than in November, the casino reported its total gaming revenue — which includes table game revenue — increased just 1.55 percent from November to December.

Full-scale casinos in Massachusetts are taxed at a rate of 25 percent of their gross gaming revenue.

This report includes information from State House News Service.

Disclosure: MGM has purchased underwriting from New England Public Radio publicizing the company's non-gambling activities. The NEPR newsroom operates independently of the station's development department, and editorial decisions are made without regard to any funding relationships.

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