Massachusetts is seeing a major bounceback for its land-based casino industry. The gambling venues in this state have been slowly getting back to the way they were prior to March of 2020. Today, we’ll take a close look at MA’s gaming revenue reports for April.
It’s clear that the land-based casinos in the state are seeing improvements. Some are now questioning how the industry will fare over the course of the year.
Here’s what you need to know!
Casino Hubs Begin Lifting Major Restrictions
For more than a year, the US land-based casino industry has been playing catch-up. Casinos across the country were forced to shut their doors back in March of 2020. It took months for any major commercial casinos to begin operating again.
Each state has the ability to order its own regulations. When the casinos first reopened, the regulations set in place were extremely strict. Many have been slowly lifted as the country’s health crisis begins to improve.
Recently, the CDC announced a new set of health guidelines. The government agency claims that vaccinated individuals no longer need to wear masks while indoors. Casino companies are already taking advantage of this new guideline.
Most of the major casinos in Las Vegas have announced they will no longer require masks to be worn by vaccinated individuals. It represents a major change for the city. Some believe this will help to boost tourism rates here as the months go on.
Over in Atlantic City, the mask mandate will remain in place, for now. If infection rates continue to drop, the mask rule will be removed. Many of the casinos in this city are now undergoing huge renovations and anticipate a surge of tourism over the summer months.
As these restrictions are lifted, more people around the country are making the trip to these casino hubs. Here’s a look at how the casino industry in Massachusetts is faring right now.
Here’s a Look at the MA’s Gaming Revenue Reports for April!
The state of Massachusetts didn’t legalize commercial casinos until 2011. Now, ten years later, this state is home to a large and successful gaming industry. Three popular commercial casinos are operating here now in various parts of the state.
This week, the state gaming commission finally released MA’s gaming revenue reports for April. Overall, the numbers here are impressive. Two of the three casinos in the state saw a revenue increase last month.
MGM Springfield, which was recently acquired by MGM Resorts’ real estate trust, managed to bring in $21,933,551 in total revenue in April. That represents a slight drop from March, yet nothing that will scare MGM Resorts officials.
The Encore Boston Harbor is without a doubt the most popular gambling venue in the state. This property managed to bring in $50,182,346 in April. That is an increase from the $49,666,739 earned in March.
Lastly, Plainridge Park Casino reported $1,126,463 million earned in April. That is a slight jump from the $1,100,408 brought in last March. Plainridge Park is far behind the other gambling venues in the state but is clearly seeing some improvements throughout 2021.
The next four months are expected to be hugely successful for Massachusetts’ casino industry. Stay tuned for updates here!
Online Gambling Revenue is Surging in New Jersey
Massachusetts is now home to a large land-based gambling industry. It wouldn’t be a shock to see more casinos open here over the next decade. There is no doubt that New Jersey still has the largest gambling industry on the country’s east coast, though.
A huge number of popular casino-resorts are operating in New Jersey. There are also many popular online gambling platforms available in the state. The latter options seem to be surging in popularity lately.
Reports have just come out that show New Jersey’s online gambling industry managed to bring in $352.2 million during the month of April. That is an incredible 326.4% increase when compared to the same month in 2020. This goes to show how many individuals are now taking part in the regulated online gambling options here.
Sports betting proved to be hugely popular last month. The state’s online sportsbooks reported $51.8 million in revenue. That is an astounding 1,892% revenue increase compared to March of 2020.
As time goes on, New Jersey’s land-based casinos will begin seeing major revenue increases. Regulations are being lifted here each month. By the summer, the city could look similar to the way it did in 2019 for visitors.
Are you surprised to see where MA’s gambling revenue reports for April stand? Let us know in the comments section below!