The first casino of Massachusetts continues to see a decline in revenues over their smashing first month in operations, despite generating more for the month of October than the previous month. Reports show that the Plainridge Park Casino earned $12.9 million for the month of October in gross gambling revenues which is a slight increase from September’s earnings of $12.6 million.
Despite the small increase, since the month of October has more days than September, the figures end up showing a slight decline. One area in which the casino continues to see a decline is with slot revenues. Based on information released by the state, daily revenues per slot machine have fallen to $277 for October when back in July, the casino was earning $389.
After opening in June, the racino has been able to earn more than $65 million and could generate as much as $176 million during the first year of operation. The state projected $200 million for the first year, so the venue still has the opportunity to meet this projection, or at least come close. The General Manager of the casino, Lance George, stated that it is normal for revenues to taper off after an opening and the profits of the casino will eventually be able to stabilize.