MGM Springfield’s best month was its first full 30-day period in operation when GGR totaled $26.95 million in September 2018. Through eight full months, the casino has won $180.7 million \u2013 $96.1 million short of projections.<\/span><\/p>\n<\/div>\n“We are aggressively working on increasing these monthly numbers and we feel good about a lot of programs we are putting into place,” Mathis told the MGC in February. “It could certainly be better.”<\/p>\n
Plainridge Park, the slots-only facility that’s been open since June 2015, generated $88 million in state taxes in its first full year. That was far short of the $105 million the state assumed the slots parlor would deliver.<\/p>\n
Sports Betting Wish<\/b><\/h2>\n
MGM is lobbying in the Boston capital for state regulators to pass sports betting regulations.<\/p>\n
“We want to make sure there is a sense of urgency because of the impact it will have on the business and for the Commonwealth in terms of keeping that business in the state,” Mathis explained.<\/p>\n
Sports betting is operational in neighboring Rhode Island, and is expected to soon get underway in New York.<\/p>\n
Massachusetts is a sports-obsessed state, due to the New England Patriots, Boston’s Red Sox, Celtics, and Bruins professional franchises. MGM Springfield didn’t operate a sportsbook during the Super Bowl, causing New Englanders to flock to Rhode Island books<\/a> to put money on their beloved Pats.<\/strong><\/p>\nThe Patriots’ win led to the oddsmakers reporting an $890,000 loss in February.<\/p>\n
“Unfortunately for Rhode Island, the tendency to bet on your hometown team \u2026 overwhelmed the odds given,” Boston College Finance Professor Rev. Richard McGowan told Casino.org<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"Massachusetts’ MGM Springfield reported a month-to-month 15 percent gross gaming revenue (GGR) decline for April, but company officials aren’t overly concerned with the $960 million integrated casino resort’s performance. Financial data supplied by the Massachusetts Gaming Commission (MGC) shows that the casino won more than $21.8 million. Slot machines generated a $14.5 million win for […]<\/p>\n","protected":false},"author":25,"featured_media":105098,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18],"tags":[],"acf":[],"yoast_head":"\n
MGM Springfield Casino Win Plummets 15 Percent in April<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n