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.
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.