During its first week of operation, Encore Boston Harbor generated nearly as much gaming revenue as MGM Springfield did for the whole month of June, figures released by the Massachusetts Gaming Commission showed.
The latest integrated resort in the portfolio of Las Vegas gaming and hospitality giant Wynn Resorts opened doors in the Greater Boston area on June 23. Encore Boston Harbor features a 210,000-square-foot gaming floor with 3,100 slot machines and 143 table games in its main area. A second level of the casino floor features an 88-table poker room with high-end poker as well as VIP and private gaming areas.
As the June gaming revenue report released Monday by MassGaming showed, Encore Boston harbor generated $16.8 million in revenue from its first day of operation through June 30. Slot machines accounted for $9.1 million of the revenue bulk, while table games generated more than $7.6 million.
Massachusetts taxes its full-scale casino resorts at 25% on their gaming revenue, which means that Encore Boston Harbor contributed $4.2 million in taxes during its first eight days of operation.
Wynn’s property is Massachusetts’ second integrated resort that, among other products, offers Las Vegas-style casino gambling. Rival MGM Resorts International debuted its property in the city of Springfield last August.
Both MGM Springfield and Encore Boston Harbor as well as the slots-only parlor Plainridge Park Casino were part of an effort initiated by the Massachusetts Legislature in the early 2010s to legalize and regulate commercial casino gambling at up to four locations around the state.
Eventually, lawmakers and regulators approved and licensed three projects. Plainridge Park Casino was the first of all three to open doors.
How Much Did Massachusetts’ Other Casinos Generate In June?
MGM Springfield raked in just under $20 million in gaming revenue last month. Slot machines accounted for $14.7 million, while table games generated $5.25 million in revenue. The resort’s gaming floor spreads over 125,000 square feet of space and features 2,550 slot machines, 120 table games, a poker room, and a high-limit VIP gaming area.
MGM Springfield contributed nearly $5 million in taxes for the state last month, figures by the Massachusetts Gaming Commission showed.
As for Plainridge Park Casino in Plainville, it generated gaming revenue of $13.5 million in June. The property features slot machines and electronic gambling, and no table games.
And due to the fact that Plainridge Park Casino’s license is different than that of MGM Springfield and Encore Boston Harbor, the slots parlor is also taxed differently. Under the terms of its license, the facility is required to contribute 49% of its revenue to the state. This means that Plainridge Park Casino has contributed $6.6 million in taxes to Massachusetts for the month of June.
In all, the state took in $15.8 million in gaming taxes from its three commercial properties last month. Under Massachusetts law, 20% of that amount would go to local aid, another 14% would go to an education fund, 10% would be allocated to the rainy day fund, and 9.5% would go to the state’s gaming economic development fund.
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