Massachusetts achieved a new milestone in November 2024, with casinos and sports betting generating over $181 million in combined revenue.
The Massachusetts Gaming Commission reported that casinos contributed $100.86 million in gross gaming revenue (GGR), while sports betting added $80.47 million from retail and online platforms. These numbers highlight the state’s booming gaming sector and its growing economic impact.
Encore Boston Harbor led casino earnings with $63.1 million from slots and table games. MGM Springfield followed with $23.1 million, marking a strong rebound from October’s $22.1 million and its best performance since August.
At the same time, Plainridge Park Casino, which operates exclusively as a slots venue, brought in $14.6 million.
Each casino is taxed based on its classification – Encore Boston Harbor and MGM Springfield, both resort casinos, face a 25% tax rate. Plainridge Park Casino, as a slots-only facility, pays a significantly higher tax rate of 49%.
Combined, these taxes have generated an impressive $1.931 billion for state programs, including local aid and racehorse developments.
The gaming industry’s digital segment is also growing faster than ever before. For instance, bitcoin casino platforms are emerging as one of the best online gaming options – mostly for providing fast and anonymous transactions with lower fees. These platforms are based only on blockchain technology, eliminating all intermediaries and giving their users instant withdrawals. Still, locally registered online casinos aren’t legal in Massachusetts, so players seeking such games are turning to offshore gaming platforms. When the Massachusetts authorities legalize that segment, the state gambling revenue will be even higher.
Moreover, sports betting has become a major revenue stream for Massachusetts. November’s sports wagering revenue resulted in $80.47 million, with contributions from retail sportsbooks and online operators such as DraftKings, FanDuel, and Caesars Sportsbook.
Retail sportsbooks at MGM Springfield, Encore Boston Harbor, and Plainridge Park Casino are taxed at 15%, while mobile operators are taxed at a higher 20% rate. Since its inception in 2023, sports betting has added $213.59 million in tax revenue, further improving the state’s economy.
Revenue from casinos and sports betting is allocated to all kinds of state funds. Taxes collected support local aid programs, public health initiatives, and the Racehorse Development Fund.
These funds make sure that the financial benefits of the gaming industry directly impact Massachusetts residents while supporting growth across multiple sectors.
Looking ahead, analysts claim that Massachusetts could further expand its gaming revenues by expanding gaming licenses and adjusting tax structures to attract more operators. These strategies, combined with the state’s balanced regulatory framework, could strengthen its position as a leader in the U.S. gaming industry.
The Massachusetts Gaming Commission reported that casinos contributed $100.86 million in gross gaming revenue (GGR), while sports betting added $80.47 million from retail and online platforms. These numbers highlight the state’s booming gaming sector and its growing economic impact.
Encore Boston Harbor led casino earnings with $63.1 million from slots and table games. MGM Springfield followed with $23.1 million, marking a strong rebound from October’s $22.1 million and its best performance since August.
At the same time, Plainridge Park Casino, which operates exclusively as a slots venue, brought in $14.6 million.
Each casino is taxed based on its classification – Encore Boston Harbor and MGM Springfield, both resort casinos, face a 25% tax rate. Plainridge Park Casino, as a slots-only facility, pays a significantly higher tax rate of 49%.
Combined, these taxes have generated an impressive $1.931 billion for state programs, including local aid and racehorse developments.
The gaming industry’s digital segment is also growing faster than ever before. For instance, bitcoin casino platforms are emerging as one of the best online gaming options – mostly for providing fast and anonymous transactions with lower fees. These platforms are based only on blockchain technology, eliminating all intermediaries and giving their users instant withdrawals. Still, locally registered online casinos aren’t legal in Massachusetts, so players seeking such games are turning to offshore gaming platforms. When the Massachusetts authorities legalize that segment, the state gambling revenue will be even higher.
Moreover, sports betting has become a major revenue stream for Massachusetts. November’s sports wagering revenue resulted in $80.47 million, with contributions from retail sportsbooks and online operators such as DraftKings, FanDuel, and Caesars Sportsbook.
Retail sportsbooks at MGM Springfield, Encore Boston Harbor, and Plainridge Park Casino are taxed at 15%, while mobile operators are taxed at a higher 20% rate. Since its inception in 2023, sports betting has added $213.59 million in tax revenue, further improving the state’s economy.
Revenue from casinos and sports betting is allocated to all kinds of state funds. Taxes collected support local aid programs, public health initiatives, and the Racehorse Development Fund.
These funds make sure that the financial benefits of the gaming industry directly impact Massachusetts residents while supporting growth across multiple sectors.
Looking ahead, analysts claim that Massachusetts could further expand its gaming revenues by expanding gaming licenses and adjusting tax structures to attract more operators. These strategies, combined with the state’s balanced regulatory framework, could strengthen its position as a leader in the U.S. gaming industry.
![[DK]](/data/avatars/s/57/57999.jpg?1720990206){kind=avatar}
