Encore Boston Harbor Casino Generates $48.6M in Revenue in First Month Open - NECN
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Encore Boston Harbor Casino Generates $48.6M in Revenue in First Month Open

State officials expect to take in nearly $300 million in casino taxes during the current fiscal year

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    Encore Boston Harbor Casino Generates $48.6M in Revenue in First Month Open

    In its first full month of operations, the Wynn Resorts-owned Encore Boston Harbor casino took in about $48.6 million in revenue from table games and slots, according to a report by the Massachusetts Gaming Commission.

    Encore's table game revenue was $27.42 million while slots brought in another $21.15 million, according to the gaming commission's July revenue report released Thursday.

    MGM Springfield, open since last August, reported about $20.4 million from table games and slots, while the Plainridge casino, which does not have table games, reported $12.5 million in revenues.

    Gambling revenues at Encore and MGM are taxed at 25%, while the Plainridge slots parlor is taxed at 49 percent.

    State officials expect to take in nearly $300 million in casino taxes during the current fiscal year.

    Gambling regulators say Massachusetts took in more than $23 million in taxes during the first full month in which all three of the state's licensed casinos were open.

     

    The gaming commission issues revenue reports on the 15th of each month or the next business day.

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