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Gambling in the USA

Encore GGR Hits Record High in December 2019

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6 years ago

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Encore GGR Hits Record High in December 2019
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Encore Boston Harbor casino has reported record-high gross gaming revenue (GGR) of $54.01 million for December 2019. About $31.4 million of the casino’s December revenue came from its table games while the remaining $22.6 million was generated from the roughly $276.5 million that gamblers put into the casino’s slot machines last month.

MGM Springfield brought in less revenue last month than it has in any full month since its August 2018 opening. The casino reported taking in a total of $18.95 million, a decline of more than 12% from the $21.58 million in revenue the casino saw in December 2018.

The state government can expect to collect about $13.5 million in taxes from Encore Boston Harbor and another $4.7 million in taxes from MGM Springfield. Combined, the two full-scale casinos generated about $18.24 million in tax revenue for the state in December. The two full-scale casinos in Massachusetts are taxed at a rate of 25% of their gross gaming revenue.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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