New England Could Be The Next Major US Gambling Market

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New England isn’t known for gambling, but the regions’ casinos do a tidy bit of business.

Case in point, the five Massachusetts, Rhode Island, and Connecticut casinos combined for over $150 million in slot revenue for the month of June.

That represents a nine percent year-over-year increase, with four of the five casinos posting Y/Y gains — the lone exception was Rhode Island’s Newport Grand.

More casino growth on the horizon

The grand opening of the billion-dollar MGM Springfield Casino is less than a month away.

The opening of the new Tiverton Casino in Rhode Island (replacing the Newport Grand) is slated for Sept. 1.

The $2.4 billion Encore Boston Harbor is scheduled to open its doors next June.

There’s also the possibility of a third tribal casino opening in Connecticut.

By this time next year, the collective casino industry of the three states will likely give Pennsylvania a run for its money as the number two casino market in the country, trailing only Nevada.

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A closer look at this month’s slot revenue

Slot revenue June 2018:

  • Plainridge Park Casino – MA: $14,858,491
  • Foxwoods Casino – CT: $40,062,042
  • Mohegan Sun Casino – CT: $49,385,367
  • Twin River Casino – RI: $47,199,603
  • Newport Grand Casino – RI: $3,989,151
  • Total: $155,494,654

Here’s how each facility stacks up:

 # Slot MachinesAverage RTP
Plainridge Park1,20092%
Foxwoods4,10092%
Mohegan Sun4,80092%
Twin River4,20085%
Newport Grand1,10085%

A closer look at this month’s table game revenue

Because Connecticut’s two tribal casinos only report slot revenue to the state, and table games aren’t permitted at Plainridge Park in Massachusetts, table game revenue is hard to measure in the region.

The only concrete numbers we currently have come from Twin River in Rhode Island.

Table game revenue June 2018:

  • Twin River Casino – RI: $11,896,083

Here’s how each facility stacks up:

 # Table Games# of Poker Tables
Plainridge ParkN/AN/A
Foxwoods250100
Mohegan Sun30042
Twin River10022
Newport GrandN/AN/A

State-by-state revenue breakdown

Massachusetts: The calm before the storm

Massachusetts is bringing up the rear in terms of slot revenue, but that will change when the MGM Springfield opens in August. After the introduction of MGM, Plainridge Park, a slot parlor that was added to an existing harness racing track in Plainville, MA, will no longer be the state’s sole gaming breadwinner.

But for now, Massachusetts will have to be content with the $15 million or so brought in by Plainridge Park Casino each month.

Connecticut: King of the New England court… for now

Connecticut is still the top dog of the three states, and the addition of MGM Springfield is unlikely to dethrone it.

Mohegan Sun and Foxwoods are sprawling, established casinos, and if the state goes forward with its plans for a third tribal casino near the Massachusetts border, all bets are off on which state will generate more gaming revenue.

Rhode Island: Bracing for a new casino of its own

And then there’s the little state of Rhode Island.

Twin River is surprisingly competitive in the region. The former dog track turned slots parlor, turned full-fledged casino is number two in the region in terms of slot revenue, and not far behind Mohegan Sun.

Further, Twin River’s parent company will soon be transferring Newport Grand’s gaming license to a new facility it’s building in the town of Tiverton.

Because of its location, wider array of gaming options, and newness, the Tiverton casino should fare much better than the aged slots parlor that is the Newport Grand.

Photo by charnsitr / Shutterstock.com

Steve Ruddock

About

Steve Ruddock is an avid poker player and a veteran member of the gaming media. His primary focus is on the regulated US online casino and poker markets. He writes for numerous online and print publications, including OnlinePokerReport.com, USPoker.com, and USA Today.