In November, Massachusetts’s three casinos collectively earned nearly $101 million in gambling revenue, with MGM Springfield showing a notable increase in performance. The latest figures, released by the Massachusetts Gaming Commission, highlight strong results in both traditional casino gaming and sports betting across the state.
MGM Springfield Sees Significant Growth in November Revenue
MGM Springfield reported a notable increase in gambling revenue, taking in $23.1 million from slots and table games in November. This marks a $1 million increase from the $22.1 million earned in October, making November the highest-grossing month since August, when the casino brought in $23 million. Compared to November 2023, when MGM Springfield generated $21.4 million, the $23.1 million result shows significant growth year over year.
The growth in MGM Springfield’s revenue is a promising sign for the region’s casino market, as it continues to build on its previous performance. In fact, this increase aligns with a broader upward trend seen across Massachusetts’ gambling sector, driven by both in-person visits and the expansion of online options.
Total Casino Revenue Across Massachusetts Surpasses $100 Million
When combining the figures from all three major casinos in Massachusetts, the total gross gambling revenue for November reached approximately $100.86 million. This total encompasses the revenue generated by MGM Springfield, Plainridge Park Casino, and Encore Boston Harbor, with each contributing significant amounts.
Plainridge Park Casino, located in Plainville, saw $14.6 million in slot revenue for the month. However, unlike the other two casinos, Plainridge does not feature table games, which is why its revenue solely comes from slots. Despite this limitation, Plainridge’s steady revenue shows that even without the variety of table games, the casino remains a major contributor to Massachusetts’ gambling landscape.
Encore Boston Harbor in Everett continues to be the largest player in the state’s casino market. Although the specific revenue figure for Encore wasn’t detailed in the report, its impact is likely significant, considering it is one of the highest-grossing casinos in the region.
Massachusetts Sports Betting Contributes to Impressive Revenue Numbers
In addition to casino gaming, sports betting has become a crucial revenue driver in Massachusetts. In November, in-person and online sports betting generated approximately $80.47 million in taxable revenue. This marks a strong month for Massachusetts sports betting, adding a layer of diversity to the state’s gambling revenue sources.
With the legalization of sports betting, Massachusetts has quickly become a hotbed for both professional and college sports wagering. The combined impact of casinos and sports betting positions the state’s gambling industry for continued growth in the coming months.
Casino Revenue Breakdown for November
Here’s a breakdown of the total gambling revenue generated by each Massachusetts casino in November:
- MGM Springfield: $23.1 million
- Plainridge Park Casino: $14.6 million (slot revenue only)
- Encore Boston Harbor: Revenue not specifically disclosed in the report
- Total Casino Revenue: $100.86 million
- Sports Betting Revenue: $80.47 million
With nearly $101 million generated from casinos alone, November was another strong month for Massachusetts’s gambling market. This trend appears to be a sign that both local and online gambling are thriving, with the potential for even more growth in the months ahead.
The Outlook for Massachusetts Casinos
As the Massachusetts Gaming Commission continues to monitor the sector, there are strong indications that the state’s gambling market will continue to see positive results. The expansion of sports betting, along with a steady stream of visitors to the state’s casinos, suggests that this will remain a robust revenue stream for the state’s economy.
With the holiday season approaching, it’s expected that casinos will see an uptick in both in-person visits and online activity, potentially pushing revenue even higher. Given the consistent performance over the last several months, Massachusetts casinos are well-positioned to close out the year on a high note.
