Massachusetts Plainridge Park Casino Posts Revenue

The number of Plainridge Park Casino visitors has decreased each fiscal year, though the average gross gaming revenue per patron has increased by 27 percent, driving the rise in revenues. "While Together, the state's three casinos —Plainridge Park Casino, MGM Springfield and Encore Boston Harbor— generated approximately $45 million in gross gaming revenue last month. That is compared with approximately $69 million in gross gaming revenues in October. ccording to numbers released Tuesday by the Massachusetts Gaming Commission, gaming revenue dropped... The Massachusetts Gaming Commission reported today that the month of November 2020 at Plainridge Park Casino (PPC), MGM Springfield and Encore Boston Harbor generated approximately $45 million in Gross Gaming Revenue (GGR). PPC, a category 2 slots facility, is taxed on 49% of GGR. Of that total taxed amount, 82% is paid to Local Aid […] Plainridge reported $7.6 million in gross gaming revenue in November, down from $10 million in October and nearly $11 million a year ago in November 2019. Nationally, the casino industry appeared to be making a comeback this fall. October was the sixth consecutive month of recovery following April’s historic low-point, according to the At Plainridge Park Casino in Plainville, monthly revenue totaled $10.2 million, dropping below the $11 million mark for a full month for the second consecutive month and just the second time since The number of Plainridge Park Casino visitors has decreased each fiscal year, though the average gross gaming revenue per patron has increased by 27 percent, driving the rise in revenues. "While the economic impacts of Plainridge Park Casino to date are clearly positive, it is somewhat concerning to see an increase in spending per patron because it suggests that a smaller number of individuals At Plainridge Park Casino, monthly revenue totaled $10.98 million, dropping below the $11 million mark for a full month for the first time since the slots parlor opened in June 2015. Despite this, commentators have noted that the casino’s 1,250 slot machines have consistently averaged above the industry standard of $300 a day in revenue, providing a significant economic contribution to the state’s coffers, with Massachusetts’ collecting 49 percent of Plainridge’s gambling revenues. The gambling commission notes that the state has collected about $460 million in gaming revenue since the first casino — Plainridge — opened in 2015. While less than what was hoped for, it’s The Plainridge Park Casino delivered a pleasant surprise to officials in Massachusetts this week, after it reported a 12 percent revenue jump in January.

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