Massachusetts is home to just three casino-resorts. Interestingly, these properties help to bring the state a massive amount of revenue every single month. Reports surfaced this week showing that MA’s casino revenue in June dropped ever so slightly when compared to the month prior.
That isn’t a major disappointment. Much of the state’s land-based casino industry has yet to fully recover. Today, we’ll take a close look at exactly how much money the different casinos in this state managed to bring in last month.
Let’s get into it!
Most US Casino Hubs Continue to See Tourism Surges
The US casino industry continues to perform considerably better in 2021 than it did last year. That isn’t a surprise when considering how long casinos across the US were shut down for last year. Most have since reopened and many people around the country have been consistently flocking to different casinos throughout the year.
The country’s biggest gambling hubs were struggling immensely throughout 2020. This year, however, most of these casino destinations have been reporting huge surges in tourism. That includes places like Las Vegas.
This doesn’t appear to be slowing down anytime soon, either. Las Vegas is likely to see its tourism figures increase as the year goes on. Part of that could be due to the opening of Resorts World Las Vegas last month. At $4.3 billion, this is the most expensive casino-resort ever built in the city.
Atlantic City took a little longer to see its tourism and revenue figures increase this year. Fortunately, most restrictions on casinos have been lifted here. Many of the biggest resorts here are now undergoing major renovations in an effort to bring in more tourists.
As tourism increases, revenue goes up, too. Even many of the smaller casino hubs in the country like Colorado have been seeing increases in gaming revenue. It’s an exciting trend and one that should go on throughout the rest of 2021.
Massachusetts has developed a small, yet successful gaming industry over the years. We’re now beginning to hear about how much money the casinos here brought in last month.
Here’s a Look at MA’s Casino Revenue in June
The Northeastern US is quickly turning into one of the biggest gambling destinations in the United States. Places like New Jersey and Pennsylvania are now well-known for their huge number of popular casinos. Massachusetts is also now developing a successful casino industry.
Three casino-resorts are currently based here. That includes the Encore Boston Harbor, MGM Springfield, and Plainridge Park. Some of the country’s most powerful gaming companies own and operate these popular gambling venues.
This week, reports on MA’s casino revenue for June finally came out to the public. Some are surprised to hear that casino revenue here actually dropped slightly when compared to the month of May. It wasn’t by much, however, and likely didn’t worry the casino owners in the state.
Overall, casino revenue in Massachusetts came out to $84 million during June. That represents a very slight drop from the $$86.6 million earned during May. Poker remains closed in all casinos here, meaning this revenue was earned solely from slots and table games.
When poker returns, revenue figures will likely surge once again. There is certainly reason to be optimistic about the future of Massachusetts’ gaming industry. Many are now looking ahead at how the state’s gambling options may expand in the future.
Several prominent lawmakers here are pushing to get sports betting legal in Massachusetts. Here’s a quick update on this situation here.
When Will Sports Betting Become Legal in Massachusetts?
The US casino industry continues to improve at a rapid pace. The growth of this industry pales in comparison to the US sports betting industry, though. In just a few years, it has grown to become one of the most popular forms of gambling around the country.
More than half the country now has a regulated sports gambling industry up and running. The regulation of sports betting is helping to bring many states a huge amount of revenue. Obviously, a growing number of individuals now believe it is time for Massachusetts to launch its own sports gambling industry.
Not long ago, one major state government body met to discuss the pros and cons of sports betting legalization. There are now several bills being presented to launch this form of gambling. Little progress has been made to this point, however, and it’s unclear when any of these bills will receive State and House approval.
There is reason to believe that 2022 is the year sports betting becomes available in this state, though. There are a huge number of hardcore sports fans here. That is partly due to several popular professional teams being based here including the New England Patriots and Boston Red Sox.
The US gambling industry continues to expand at a rapid pace. There are many reasons to be excited about the future of Massachusetts’ gaming options. Stay tuned for updates on the legalization of sports betting here over the next few months.
Are you surprised to see where MA’s casino revenue in June stands? When do you expect sports betting to launch here? Let us know in the comments section below.