Massachusetts Earned Record Tax Revenue From Casinos In July
BOSTON (CBS) -- July was a good month for Massachusetts casinos - and the state's coffers.
The State House News Service reports that Encore Boston Harbor, MGM Springfield and Plainridge Park brought in $95.74 million in gaming revenue, and that resulted in a record $27 million in taxes and fees from the state.
Encore in Everett took in $34 million from slots and $25 million from table games. MGM had its best month since Encore opened with $23.71 million in total revenue.
The Plainville slot parlor also had its best revenue month since Encore opened with nearly $13 million in revenue.
Massachusetts in total has taken in $842.66 million from gambling since it was legalized in 2011. The state is expected to collect nearly $260 million in gaming revenue annually.