Massachusetts casinos internet $26M in tax income
More than $92 million in gaming income was collected in August on the state’s three licensed casinos, the state’s gaming fee introduced Wednesday.
The Massachusetts Gaming Fee reported it has collected $869 million in complete taxes from the three playing entities this yr, in line with the discharge of the August 2021 Gaming Report, from Encore Boston Harbor, MGM Springfield and Plainridge Park On line casino.
The whole taxes, in line with the report, for the three casinos introduced in $26.2 million into the state’s coffers.
Encore Boston Harbor, which is topic to 25% tax fee, introduced in $57.9 million for the month. The slots generated $32.4 million and desk video games captured one other $25.4 million. A complete of practically $14.5 million in taxes was collected.
MGM Springfield, which is topic to 25% taxes, introduced in $21.8 million in income. Slot machines accounted for $16.8 million, whereas desk video games introduced in $4.9 million. Greater than $5.4 million in tax income was generated from the on line casino.
Tax revenues collected from Encore Boston Harbor and MGM Springfield, in line with the report, are allotted to particular state funds as decided by the state’s gaming statute.
Plainridge Park On line casino, which is topic to a 49% tax fee, introduced in $12.7 million at its slot machines. Whole tax income generated was $6.2 million.
Tax revenues collected from Plainridge Park On line casino goes towards native assist and the Race Horse Improvement Fund.