Five years in the making…
By Josh Resnek
The Massachusetts Gaming Commission March revenue report for March revealed that Encore casino did more than $70 million dollars for the month.
That is the largest monthly revenue total for the Everett casino since opening in 2019, and dwarfs MGM Springfield and the Plainfield Park Casino.
Encore Boston Harbor casino brought in $70,417,586. If that total is annualized, that’s a cool $840 million a year.
Encore casino had been tallying $62-$67 million months.
The $70 million month is not a plateau.
Encore’s numbers are steadily rising as Wynn Resorts has come to understand the clientele, the geography, and what makes the casino tick in this marketplace.
The time is not too far away from the Boston Harbor Casino and Hotel likely grossing $1 billion a year in Everett.
In fact, the casino itself will be grossing $1 billion in or within another two years if past growth trajectories extend into the future.
Hotel income figures are not released like the gaming figures.
That is to say, we don’t know exactly what the hotel is taking in except to guess that it is somewhere in the $200-$250 million range annually.
If this is the case, the casino and hotel are already grossing $1 billion a year.
By comparison, Springfield MGM grossed $25,248,645 in March.
Plainfield, a slots only operation, grossed $15,408,139.
When totaled up, that came to $111,074,371 in gaming revenues from Massachusetts’ three licensed casinos.
Total tax take in March for the state treasury came to $31,466,546.
Retail and online gaming licensees in Massachusetts brought in a total of $654,933,311.
That generated another $9,208,592 in taxes bringing the total tax take for March to over $40 million.