MGM Springfield casino earnings drop in October

Hampden County

MGM Springfield and Plainridge Park Casino players bet less money in October, which means the state took in less money in gambling tax revenues.

On Thursday the Massachusetts Gaming Commission said MGM Springfield generated $22 million from gambling, that’s 18.5 percent less than September.

The state takes 25 percent of gross gambling revenue from casinos and redistributes that in the form of local aid, education funding and infrastructure spending. 

In the month of October, the state received $5.5 million in tax revenue from MGM Springfield, more than a million dollars less than the month before. 

If the numbers continue to decline, local aid to cities and towns could be cut, and the state’s rainy day fund could suffer.  

MGM Springfield President Michael Mathis issued a statement in which he minimized the impact of the lower revenue numbers saying, there has been no shortage of players at the casino, and they will continue to reinvest in the property and the City of Springfield. 

Casino licensees are required to provide detail monthly revenue reports, that will be monitored closely in the months to come. 

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