In Massachusetts, Plainridge Park Casino has seen total slot revenues for May increase by 1.3% month-on-on-month to $13.48 million with the venue additionally contributing $5.39 million in tax.
The Plainville casino opened in late-June of 2015 and immediately posted gross slot revenues of $18.15 million during its first full month of operation although this figure had dropped by over 16% to $15.22 million for August.
Located 35 miles southwest of Boston close to the Massachusetts/Rhode Island border, the casino operated by Penn National Gaming has so far contributed $61.48 million in taxes and other assessments from its slot operations with 82% of this going to the state’s local aid fund.
“Monthly revenue figures are a snap shot in time and don’t reveal trends,” Lance George, General Manager for Plainridge Park Casino, told The Boston Globe newspaper. “We remain focused on marketing efforts and new promotional offerings and look forward to celebrating our one-year anniversary here in the Commonwealth later this month.”
Plainridge Park Casino enjoys a monopoly on slot machine gambling in Massachusetts but it set to face competition next year when the Mashpee Wampanoag Indian Tribal Council opens the first phase of its $1 billion First Light Casino in Taunton, which is about a 30-minute drive away. The venue’s closest current rival is the Twin River Casino in Lincoln, Rhode Island, but a state-wide ballot referendum could also soon see a new casino open a few hundred feet from the state line in Tiverton.
The Norfolk County venue has so far chalked up revenues of $147 million for its first eleven months and looks set to finish its first full year of operation having brought in around $160 million, which is far below the original forecast of $300 million.
“I think Plainridge has hit a plateau of sorts,” gambling regulation specialist Paul DeBole told The Boston Globe. “This may be the normal level of revenues for Plainridge. If you measure success as meeting projections, then Plainridge is a disappointment. But $160 million a year in revenues [is] not too shabby. If success is measured by employing a couple hundred people, paying tens of millions in new taxes and making a profit for its owners, then, yes, Plainridge is a success.”