The Massachusetts Gaming Commission today reported total gaming revenue of approximately $90.39 million for the month of September 2023 at Plainidge Park Casino, MGM Springfield and Encore Boston Harbor.
It also generated about $49.81 million in sports betting revenue from eight mobile/online sports betting licenses and three face-to-face licenses during the month of September.
Total Game Revenue (Casino Games)
The PPC, a Category 2 slot facility, is taxed on 49 percent of its GGR. Of that total tax, 82 percent is paid to Local Aid and 18 percent is allocated to the Racehorse Development Fund. Category 1 resort casinos MGM Springfield and Angkor Boston Harbor are taxed on 25 percent of their GGR. The money is allocated to several specific state funds as determined by game laws.
To date, the Commonwealth has collected approximately $1.541 billion in total taxes and valuations from casino operations at PPC, MGM and Encore since the opening of each gaming facility.
earnings from sports betting
EBH, MGM and PPC are licensed as Category 1 Sports Wagging Operator, which allows them to operate retail sportsbooks on their properties. Category 1 operators are taxed on 15% of TSWR.
Barstool Sportsbook, BetMGM, Betr, Caesars Sportsbook, DraftKings Sportsbook, Fanatics Betting & Gaming, FanDuel and WynnBET are licensed as Category 3 Sports Wagging Operators, which can operate mobile or online sportsbooks. Category 3 Operator is taxed on 20% of TWSR. 슬롯사이트 순위
Of all operators' total taxes, 45% are allocated to the General Fund, 17.5% to the Workforce Investment Trust Fund, 27.5% to the Gaming Regional Aid Fund, 1% to the Youth Development and Achievement Fund, and 9% to the Public Health Trust Fund.
Commonwealth has so far collected approximately $60.26 million in total taxes and valuations on licensed operators' sports betting operations since they began in-person sports betting on January 31, 2023, and online on March 10, 2023.
If a business operator's adjusted total sports betting receipts for the month are negative because the winnings and excise taxes paid to wage workers under federal law exceed the business operator's total sports betting receipts, the Sports Betting Act allows the business operator to carry over the negative amount of its tax liability on returns filed next month.