The Massachusetts Gaming Commission today reported gross gaming revenue of approximately $96.67 million for the month of October 2023 at Plainridge Park Casino, MGM Springfield, and Encore Boston Harbor.
In addition, taxable sports betting income of about $59.18 million was generated across eight mobile/online sports betting licenses and three individual licenses during the month of October.
Total Game Revenue (Casino Games)
PPC, a Category 2 slot facility, is taxed on 49% of the GGR. Of the total tax levy, 82 per cent is paid to Local Aid and 18 per cent is allocated to the Racehorse Development Fund. Category 1 Resorts-Casino MGM Springfield and Encore Boston Harbour are taxed on 25% of GGR. These money will be allocated to several specific state funds as determined by the gaming statute.
To date, the Commonwealth has collected approximately $1.568 billion in total taxes and valuations from casino operations at PPC, MGM and Angkor since the opening of each gaming facility.
sports betting revenue
EBH, MGM, and PPC are licensed as Category 1 sportswear operators to operate retail sportsbooks in their respective properties. Category 1 operators are taxed on 15% of TSWR.
Barstool Sportsbook, BetMGM, Betr, Caesars Sportsbook, DraftKings Sportsbook, Fanatics Betting & Gaming, FanDuel, and Wynbet are licensed as Category 3 sportswear operators to operate mobile or online sportsbooks. Category 3 operators are taxed on 20% of TWSR.
Of the total business taxable amount, 45% will be distributed to the general fund, 17.5% to the Human Resources Investment Trust Fund, 27.5% to the Gaming Regional Aid Fund, 1% to the Youth Development Achievement Fund, and 9% to the Public Health Trust Fund.
To date, the Commonwealth has collected about $72.05 million in total taxes and valuations from the sportswear operations of licensed operators since sportswear began directly on January 31, 2023, and online on March 10. 슬롯머신
If an operator’s adjusted gross sportswear income for a month is negative because the winnings paid to wage workers under federal law and the excise tax paid under federal law exceed the operator’s gross sportswear income, the Sportswear Act allows the operator to carry a negative amount of tax liability over the proceeds submitted next month.