Massachusetts casinos generate $ 26 million in tax revenue
MMore than $ 92 million in gaming revenue was collected in August at the state’s three licensed casinos, the state’s gaming commission said on Wednesday.
The Massachusetts Gaming Commission said it collected $ 869 million in total taxes from the three gaming entities this year, according to the release of the August 2021 Gaming Report, Encore Boston Harbor, MGM Springfield and Plainridge. Park Casino.
Total taxes, according to the report, for the three casinos brought in $ 26.2 million in state coffers.
Still Boston Harbor, which is subject to a 25% tax rate, brought in $ 57.9 million for the month. Slots generated $ 32.4 million and table games captured an additional $ 25.4 million. In total, nearly $ 14.5 million in taxes were collected.
MGM Springfield, which is subject to 25% tax, had sales of $ 21.8 million. Slot machines were worth $ 16.8 million, while table games brought in $ 4.9 million. Over $ 5.4 million in tax revenue has been generated by the casino.
According to the report, tax revenues collected from Encore Boston Harbor and MGM Springfield are earmarked for specific public funds, as determined by state gambling law.
Tax revenues collected from the Plainridge Park Casino go to local aid and the Race Horse Development Fund.