The Massachusetts Gaming Commission reported an estimated $101 million in gaming gross revenue (GGR) for the month of June 2023 at Plainidge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Harbor (EBH).
In addition, eight mobile/online sports betting licenses and three face-to-face licenses generated approximately $32.21 million in Taxable Sports Wagging Revenue (TSWR) during the month of June.
Total gaming revenue (casino games)?The Category 2 slot facility, Plainridge Park Casino, is taxed on 49% of its GGR. Of the total tax amount, 82% is paid to Local Aid and 18% is allocated to the Racehorse Development Fund. Category 1 Resort-Casino MGM Springfield and Encore Boston Harbor are taxed on 25% of their GGR. This money is allocated to several specific state funds as determined by game laws.
To date, the Commonwealth has collected about $1.459 billion in taxes and valuations from its casino operations at Plainidge Park Casino, MGM Springfield and Angkor Boston Harbor since the opening of each gaming facility.
earnings from sports bettingThe Encore Boston Harbor, MGM Springfield and Plainridge Park Casino are licensed as Category 1 Sports Waging Operators, allowing them to operate retail sportsbooks on their properties. The Category 1 operator is taxed on 15% of Taxable Sports Waging Revenue.
Barstool Sportsbook, BetMGM, Betr, Caesars Sportsbook, DraftKings, Fanatics Betting & Gaming, FanDuel, and WynnBet are licensed as Category 3 sports betting operators that can operate mobile or online sportsbooks. Category 3 operators are taxed on 20% of their taxable sports betting revenue. 바카라사이트
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 collected approximately $40 million in total taxes and valuations on licensed operators' sports betting operations to date since they began placing 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.