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For three straight months, Massachusetts casino gross gaming revenue fell. However, that streak came to an end in October.
The state’s three casinos amassed $96.7 million in revenue this past month, up 6.95% over September, according to newly released data from the Massachusetts Gaming Commission. On the sports betting side, revenue was up 21.6% over October and hit $60 million for only the second time this year.
Overall casino revenue (land-based gambling plus online sports betting) totaled $155.8 million, up nearly $16 million compared to September.
Encore Boston Harbor’s revenue jumped over $200M in October
The only thing that stood in the way of Massachusetts casinos tallying a fourth-straight month of revenue losses was Encore Boston Harbor.
The flagship casino’s revenue jumped nearly $220 million from September to October, tempering a more than $120 million loss at MGM Springfield and Plainridge Park’s solid $84 million revenue gain couldn’t negate.
| Encore Boston Harbor | MGM Springfield | Plainridge Park | Total | Month-on-Month Change | |
|---|---|---|---|---|---|
| October 2023 | $62,366,934.78 | $21,534,948.52 | $12,768,619.84 | $96,670,503.14 | 6.95% |
| September 2023 | $59,820,850.47 | $17,443,073.79 | $13,125,723.80 | $90,389,648.06 | -7.70% |
| August 2023 | $61,320,321.54 | $23,525,299.32 | $13,079,840.00 | $97,925,460.86 | -0.73% |
| July 2023 | $61,276,166.88 | $23,514,534.87 | $13,851,914.27 | $98,642,616.02 | -1.94% |
| June 2023 | $65,495,804.62 | $22,211,802.81 | $12,890,231.78 | $100,597,839.21 | 1.92% |
| May 2023 | $62,541,793.67 | $23,346,544.27 | $12,812,924.90 | $98,701,262.84 | -2.43% |
| April 2023 | $63,984,183.14 | $23,735,696.18 | $13,444,345.44 | $101,164,224.76 | -3.24% |
| March 2023 | $66,211,969.89 | $24,079,637.77 | $14,256,239.09 | $104,547,846.75 | 6.68% |
| February 2023 | $62,705,178.76 | $23,257,490.95 | $12,040,729.95 | $98,003,399.66 | 1.16% |
| January 2023 | $61,856,924.44 | $22,853,749.75 | $12,166,668.78 | $96,877,342.97 | N/A |
While the monthly growth that Massachusetts casinos saw in October is a positive sign, the month’s numbers were relatively low compared to the rest of the year. Casino revenue in October was the second-lowest total since January.
That said, last month’s month-on-month increase was the biggest of the year, percentage-wise.
Massachusetts sports betting passes $60M in October
Massachusetts’ eight online and three land-based sportsbooks had a standout month in October, surpassing $60 million for only the second time this year. That’s a 21.6% jump in comparison to September’s gaming revenue in MA.
| Retail Revenue | Online Revenue | Total Revenue | Month-on-Month Change | |
|---|---|---|---|---|
| October 2023 | $1,019,158.25 | $59,541,675.26 | $60,560,833.51 | 21.58% |
| September 2023 | $783,017.39 | $49,026,912.17 | $49,809,929.56 | 119.34% |
| August 2023 | $157,782.30 | $22,551,157.96 | $22,708,940.26 | -22.78% |
| July 2023 | $576,138.69 | $28,832,914.14 | $29,409,052.83 | -8.68% |
| June 2023 | $153,922.55 | $32,050,672.53 | $32,204,595.08 | -47.18% |
| May 2023 | $1,559,828.35 | $59,410,840.40 | $60,970,668.75 | 3.49% |
| April 2023 | $364,481.54 | $58,548,295.26 | $58,912,776.80 | 25.10% |
| March 2023 | $1,455,304.43 | $45,637,352.16 | $47,092,656.59 | 3,204.05% |
| February 2023 | $1,425,300.97 | Wasn't legal | $1,425,300.97 | 15,188.25% |
| January 2023 | -$9,446.43 | Wasn't legal | -$9,446.43 | N/A |
Retail revenue was up more than $200,000 over September, while online revenue jumped around $10.5 million.
While retail’s October total lagged behind better outcomes in February, March, and May, the state’s eight mobile sportsbooks had their best month of the year, edging May’s revenue total by around $131,000.
