Massachusetts gambling revenue remains steady in July

Massachusetts gambling revenue remains steady in July

Added:
Massachusetts gambling revenue remains steady in July

The MGC has recently published the latest monthly revenue report for the gambling industry of Massachusetts.

The regulatory authority reported that the three licensed retail gambling establishments in the state generated a combined almost 99 million dollars in the month, remaining steady when compared to both the revenue figure of July 2022 and the preceding month of June 2023.

The region’s wagering businesses, on the other hand, generated just under 29.5 million dollars in the month, which is down by more than 9% from last month’s betting revenue of 32.2 million dollars. The vast majority of the combined figure was yet again generated by operators in the online vertical, while land-based betting establishments only generated just over half a million dollars in revenue.

The MGC also reported the taxes generated by the state’s gambling businesses, which reached 33.8 million dollars in the month. This was slightly down from June’s more than 34 million dollar tax figure, remaining in line with the sector’s revenue performance. The majority of the taxes were generated by Massachusetts’s land-based casinos at 28 million dollars, while Encore Boston Harbor remained the largest contributor at 15.3 million dollars.

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