Massachusetts, Connecticut Report Record Revenue Results

September was very, very good to the adjoining states of Connecticut and Massachusetts, at least when it comes to gaming revenues. A hiccup here and there, but overall a good report card.

Massachusetts, Connecticut Report Record Revenue Results

Massachusetts’ two casinos, as well as its lone slots parlor, raked in $94 million in September, with the state expected to reap $26.5 million. Encore Boston Harbor took in $61.6 million by itself, which produced $15.4 million in taxes. Revenue from slots led the way with $32.9 million, according to State House News Service.

Gaming revenue at MGM Springfield declined to $20.6 million in September after posting almost $22 million in August. Slot revenue was almost four times higher than table games. State coffers were enriched by $5.1 million.

The handle for the slots parlor at Plainridge Park Casino came to $12.2 million last month, which sent close to $6 million in taxes and fees to the state, given the 49 percent tax.

Meanwhile, Connecticut set records for monthly gross revenue in online and sports betting results.

Online gaming collected $943.5 million in September, which resulted in $24.3 million in gross revenue, according to a report October 18 by the state’s Department of Consumer Protection. Adjusted revenue of almost $19 million set another record.

The record gross revenue fed the state $ 3.4 million in taxes, which topped $28 million in 2022.

Sports betting handle eclipsed August’s take by 63 percent to $130.5 million, topping $1 billion for the year, according to USBets.

Sportsbooks reported almost $17 million in gross revenue, setting a record. With an adjusted gross revenue of $12.9 million, the state took in $1.8 million in taxes.

The results concluded the first 12 months of iGaming and sports betting. Online casino bets came close to $9 billion with gross revenue reaching $246 million, sending $35.2 million to the state.

Sportsbooks bets for the first 12 months brought in $1.4 billion, producing $114.3 million in gross revenue, giving the state another $12.3 million.

In a battle between the two leading sportsbooks, handle grew for DraftKings but decreased for FanDuel.

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