March a Record Month For Massachusetts Casinos in Handle, Revenue
March was a record-breaker all the way around for Massachusetts casinos.
The three commercial facilities in the state – MGM Springfield, Encore Boston Harbor and Plainridge Park – combined for more than $836 million in handle, a new mark, and surpassed $100 million in total revenue for the first time in state history.
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The newest of the state’s three casinos, Encore Boston Harbor, which , is largely responsible for these records, with the facility in Everett having broken both handle and revenue records for a single month.
Here are the details from a notable March.
Handle Record Broken By Almost $30M
The exact combined handle at the three casinos was $836,416,188, an 18.5% increase over February’s $705.8 million figure. It was also a leap of nearly $30 million over the previous monthly record of .
Encore recorded $442,459,368 in handle last month, an increase of $40 million from its previous high of $402.8 million in July 2021, according to figures from the Massachusetts Gaming Commission.
MGM Springfield had $216.69 million in handle, its second-best total ever, trailing only the $219.4 million from July 2021. Plainridge Park had $177.27 million in March.
Revenue Hits Nine-Figure Milestone
The revenue for March at the three casinos combined was $102,085,219, the first time the state has hit nine figures in a month. That was a 19.2% increase over February’s $85.6 million and beat the record of $95.98 million, set in October 2021, by more than $6 million.
Again, Encore led the way with $64,867,533. That was a bump of more than $10 million from February and surpassed the casino’s previous high mark of $62.8 million, also set last October.
MGM’s revenue was $24.3 million for March, its third-best total ever and highest in three years. Plainridge collected $12.9 million in revenue.
Tax Haul Increases Accordingly
The tax total from Encore was, naturally, a new record as well.
The casino, just minutes from such Boston landmarks as Fenway Park and Beacon Hill, turned over more than $16 million to the state’s coffers in March. Massachusetts also collected a bit over $6 million from MGM and nearly $13 million from Plainridge Park.
In February, Massachusetts surpassed a career milestone of sorts with collected from casinos since casino gaming began in the state.
The two casinos with both table games and slots (Encore and MGM) contribute 25% of their revenues to the state in taxes. Plainridge Park, which has only slot machines, sends 49% of its revenue to the state – 40% in taxes and another 9% to the Massachusetts Race Horse Fund.