The state of Massachusetts is now home to several world-class gambling venues. They’ve been open for months now and seem to be experiencing an increase in visitors. Today, we’re going to take a close look at MA’s gaming revenue for the month of September.
Later on, we’ll take a look at how some of the other nearby states are faring right now. Not every state has a casino industry that’s thriving right now.
Let’s look at what’s going on!
East Coast States Are Working to Boost Casino Revenue
There was a time when all the states around the country forced their casinos to shut down. This took an immediate toll on many cities. Places like Las Vegas and Atlantic City immediately started losing money and officials began working on ways to get the casinos operational again.
We’re now in October, and most casinos around the country have now reopened. Regulations inside casinos vary from state to state. Some of these states are managing to bring in more players than others right now.
New Jersey seems to be doing alright. This state has one of the largest sports betting industries in the world. Not long ago, New Jersey set another all-time record for sports betting handle. Sportsbooks here saw $748 million in bets this September.
Things are different in New York. This state took a very long time to reopen its commercial casinos. These are the only venues offering sports betting odds. As a result, both casino and sports betting revenue has been extremely low here.
It’s an interesting time for the region’s gambling industry. The states with regulated online gaming platforms seem to be performing the best right now. Many have been asking about how Massachusetts’ gaming industry is going.
Here’s where things stand.
MA’s Gaming Revenue Holds Steady in September
Massachusetts wasn’t always a major gambling state. For a time, lawmakers here pushed against allowing almost any forms of gambling. Things have changed in recent years, and a number of great casinos are now operating in this state.
According to new reports, the three casinos here managed to bring in $42,974,804 during the month of September. That’s a slight rise from the $42,390,349 earned in August. Total gambling handle here was $604,814,996, also representing a slight increase from August.
It’s no surprise that the Encore Boston Harbor saw the biggest handle at $303,685,463. The MGM Springfield saw a handle of $170,996,115. Plainridge Park actually saw a handle dip at $133,966,402.
Casino executives aren’t likely to pop any champagne from these revenue figures. For now, things are simply holding steady. When compared to September of 2019, however, MA’s gaming revenue fell by 12.3%.
It’s unclear how things will progress here. Some believe that as time goes on, more people will feel comfortable gambling inside casinos. Others are fearful that the winter months could result in a spike of Covid-19 cases, dropping casino revenue even more.
We’ll need to wait and see how things progress over the next few months. Make sure to stay tuned for updates!
Why Hasn’t Massachusetts Legalized Sports Betting?
As we just mentioned, the states with regulated online gambling industries are seeing the most revenue right now. That’s particularly true with New Jersey. Online sports betting was legalized here in 2018 and now helps to bring the state millions in additional revenue every year.
Many residents are now asking why Massachusetts hasn’t green-lit any sports betting bills. It’s a complicated issue that lawmakers here seem torn on. For a time, however, it seemed likely that sports gambling would finally come to the state.
A bill was making its way through the legislative process throughout the year. It was approved by the House and eventually went to the State Senate. To the dismay of sports fans here, the Senate refused to approve the bill earlier this month.
It now seems likely that sports betting will be coming to Massachusetts sometime in 2021. Most recognize how much money this industry will help to bring in. New Jersey has proven how lucrative a regulated sports betting industry can be.
Sports betting would likely help to boost visitation rates inside casinos, as well. That’s particularly important at a time like this.
Are you surprised to see that MA’s gaming revenue is holding steady? Do you expect revenue figures to increase over the next few months? Let us know in the comments section below!