Massachusetts’ land-based casinos saw their revenue drop from August to September by 10.9%, marking the first time since April that monthly revenue fell by double digits.
Data from the Massachusetts Gaming Commission reveals that the state’s three casinos took home $92.1 million this past month, down from $103.3 million in August.
Key takeaways
- Massachusetts land-based casino revenue fell by $11.2 million in September.
- Year-on-year, revenue improved 1.9%.
- Online casinos could bring Massachusetts gaming operators more than $100 million monthly.
Massachusetts online casinos could make a push in 2025
Online casinos are illegal in the Bay State, which means casino enthusiasts have to scratch their itch at land-based casinos.
However, one politician is trying to change that. Rep. David Muradian plans to file a bill next year that would legalize online casinos, also known as iGaming.
Exactly when iGaming could go live in Massachusetts is a mystery. However, there are two things working in favor of online casinos. The state already has online sports betting and will launch MA online lottery sales in the future.
Both of those developments should ease lawmakers into the idea of legalizing online casinos.
If and when online casinos become legal in Massachusetts, casino operators are in for a huge payday. PlayUSA predicts that MA online casinos could’ve generated more than $120 million in August, the most recent month in which all seven states with iGaming reported their revenue:
August online casino revenue | Population (according to 2023 Census Bureau data) | Per-capita revenue | |
---|---|---|---|
Pennsylvania | $225 million | 13 million | $17.31 |
New Jersey | $198.4 million | 9.3 million | $21.33 |
Michigan | $196.7 million | 10 million | $19.67 |
Connecticut | $44.6 million | 3.6 million | $12.39 |
West Virginia | $20.4 million | 1.8 million | $11.33 |
Delaware | $5.8 million | 1 million | $5.80 |
Rhode Island | $3 million | 1.1 million | $2.73 |
Average | $99.1 million | 5.7 million | $17.42 |
Massachusetts | $121.9 million | 7 million | $17.42 |
Monthly revenue falls but yearly win increases by 1.9% for MA casinos
Like other casino markets across the country, Massachusetts had a rough September. Revenue fell 10.9%, good for a more than $11 million decline compared to August 2024 gaming revenue in MA.
Month | Encore Boston Harbor | MGM Springfield | Plainridge Park | Total | Month-on-Month Change |
---|---|---|---|---|---|
September 2024 | $57,690,533.53 | $20,936,034.74 | $13,439,152.67 | $92,065,720.94 | -10.86% |
August 2024 | $64,916,948.06 | $23,670,442.85 | $14,695,257.22 | $103,282,648.13 | 3.83% |
July 2024 | $61,486,378.39 | $23,578,251.42 | $14,405,508.01 | $99,470,137.82 | 3.52% |
June 2024 | $60,372,754.47 | $21,924,494.33 | $13,787,078.56 | $96,084,327.36 | -1.94% |
May 2024 | $61,175,511.90 | $22,422,693.90 | $14,390,836.53 | $97,989,042.33 | 0.50% |
April 2024 | $60,889,925.23 | $22,771,251.59 | $13,837,470.78 | $97,498,647.60 | -12.22% |
March 2024 | $70,417,586.39 | $25,248,645.40 | $15,408,139.97 | $111,074,371.76 | 10.45% |
February 2024 | $64,405,266.61 | $22,977,235.45 | $13,186,169.52 | $100,568,671.58 | 7.51% |
January 2024 | $60,949,231.05 | $20,707,304.91 | $11,884,081.94 | $93,540,617.90 | -9.22% |
December 2023 | $65,826,442.79 | $23,610,279.58 | $13,598,675.31 | $103,035,397.68 | 9.58% |
November 2023 | $61,431,284.04 | $20,998,830.74 | $11,600,410.06 | $94,030,524.84 | -2.73% |
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% |
All three casinos in the state felt monthly losses, with Encore and MGM facing declines of more than 11%.
However, the news was better for annual numbers. Compared to September 2023, revenue was up 1.9%, rising from $90.4 million to $92.1 million.