March Thaw Brings Surging Revenues For New England Casinos

Posted on May 8, 2019 - Last Updated on May 10, 2019

Spring is a magical time in the Northeast. As the weather warms, and the hours of sunlight increase, New Englanders that have spent four-plus months cooped up in their homes begin to emerge like bears from hibernation.

And apparently, they want to gamble. Just look at the numbers compared to February.

Historically, March has been a boon for casinos across the Northeast and Mid-Atlantic. 2019 was no exception, with revenues soaring to near summer levels across the region.

A closer look at this month’s slot revenue

New England slot revenue for March 2019:

  • Mohegan Sun Casino – CT: $51,132,884
  • Foxwoods Casino – CT: $40,093,664
  • Twin River Lincoln – RI: $40,234,102
  • MGM Springfield – MA: $18,579,179
  • Plainridge Park Casino – MA: $15,937,424
  • Twin River Tiverton – RI: $9,268,225
  • Oxford Casino – ME: $7,106,984
  • Hollywood Casino – ME: $3,710,009

Here’s how each facility stacks up:

 # Slot MachinesAverage RTP
MGM Springfield2,55092%
Plainridge Park1,20092%
Foxwoods4,10092%
Mohegan Sun4,80092%
Twin River Lincoln4,20092%
Twin River Tiverton1,00092%
Oxford Casino95090%
Hollywood Casino72590%

A closer look at this month’s table game revenue

Table game revenue for March 2019:

  • Twin River Lincoln – RI: $13,957,916
  • MGM Springfield – MA: $7,104,994
  • Twin River Tiverton – RI: $2,544,758
  • Oxford Casino – ME: $1,492,139
  • Hollywood Casino – ME: $883,471

*Neither Foxwoods or Mohegan Sun report table game revenue to the state of Connecticut.

Here’s how each facility stacks up:

 # Table Games# of Poker Tables
MGM Springfield12023
Plainridge ParkN/AN/A
Foxwoods250100
Mohegan Sun30042
Twin River Lincoln93 +48 Stadium Games23
Twin River Tiverton32+18 Stadium GamesN/A
Hollywood Casino184
Oxford Casino28N/A

Regional news roundup

Regulators in Massachusetts make a final decision on Wynn

The verdict is in. Wynn Resorts gets to keep its Massachusetts casino license, which means Encore Boston Harbor will open, as scheduled, in June.

But it wasn’t all good news for Wynn. The company was slapped with a $35 million fine, and a number of stipulations that will need to be met to keep its license. Additionally, Wynn Resorts CEO Matt Maddox got hit with a $500,000 fine and will have to undergo several rounds of leadership training.

Sports betting gets a date with Massachusetts committee

Massachusetts will also give sports betting a look during a joint committee hearing on May 28. If it goes favorably, the hearing could be a jumping off point for the Bay State to legalize sports betting during the state’s annual budget talks.

Casino bill stalls in New Hampshire

Once again (20 bills and counting), a casino expansion bill has stalled out in the New Hampshire House of Representatives.

As it has several times in the past, the NH Senate voted to authorize two casinos, but a House committee put an end to that talk when it shut down the measure by a 17-2 vote.

State-by-state casino revenue breakdown

Massachusetts

March was a $25 million month for MGM Springfield, the first time it’s hit that number since October, its first full month after launch. That’s a good sign for the property billed as a destination resort that is ideal for spring and summer fun.

Plainridge Casino had a solid March. Despite the new competition posed by MGM, Plainridge managed to better its revenue tally from last March.

Connecticut

Connecticut‘s two tribal casinos, Foxwoods and Mohegan Sun, are handling the new competition about as well as could be expected.

Foxwoods revenue was down 8% year-over-year in March, while Mohegan’s dip was just 7%. Those drops sting, but they’re nowhere near the original projection.

Of course, the big test will come in June when the $2.5 billion Encore Boston Harbor opens its doors.

Rhode Island

Rhode Island‘s two casinos continue to shine in the region.

Twin River Lincoln‘s revenues were relatively flat year over year (a good performance considering the new casinos in the region).

And the new Twin River Tiverton property once again outpaced its former incarnation (Newport Grand) by a factor of three.

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Maine

Largely “locals” casinos, Maine’s two casino properties continue to quietly chug along, far away from their competition in southern New England.

Oxford Casino and Hollywood Casino collectively tallied an impressive $13 million in March.

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Steve Ruddock

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.

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