MGC or Massachusetts Gaming Commission has new results for us regarding casinos in the state. Ten years ago, there wasn’t a single casino in the Bay State. It wasn’t until 2011 that the governor signed a new bill that finally allowed this form of gambling in Massachusetts. Of course, no one could expect the casinos to appear out of nowhere, so the first casino arrived in 2015.
Six years later, we can take a look at the numbers to see if this was a good idea after all. Before 2015, players from Massachusetts would simply travel to Connecticut or Rhode Island if they were looking for gambling. Now, there is no reason for that, and it turns out that the state managed to keep players in the Bay State (as well as their money).
The study they published shows numbers from 2015 and 2016, which was the first year of the casino gambling in Massachusetts. They focused on PPC which is short for Penn National Gaming’s Plainridge Park Casino located in Plainville. It is a venue that offers slot machines only, and MGC classified it as Category 2.
Of course, the study counted neither MGM Springfield nor Wynn’s Encore Boston Harbor which are both Category 1, but they didn’t open until 2018 and 2019, respectively. Among the main reasons for such a delay was that the lawmakers didn’t sign the bill until 2010, and the first casino opened in 2015.
During that period, the residents of the Bay State had no choice but to seek thrills elsewhere, mostly in states that had a head-start when it comes to the casino business. For example, Connecticut already has two tribal, casinos and they opened during the nineties.
While it still may be too early to talk about figures, many experts question if the MGM and Encore Boston will have the same impact as PPC had. Until July 2019, MGC said that these three properties have delivered over four hundred million in taxes and assessments since they started working.
Furthermore, Wynn casino in Everett already became one of the leaders in the area, and it’s already pressuring rivals from New England. What is interesting is that this property is only three months old.
One of the casinos from Rhode Island confessed that the revenue tumbled since the Wynn property started operating in the Bay State. According to a recent survey, there is a ten percent decline in out-of-state gambling compared to the previous study.
As we could have expected, lawmakers from the Bay State suggested another Category 1 casino in Massachusetts. If they approve this idea, the new $300 million dollar casino could potentially generate $50 million revenue every year for Massachusetts. Finally, this also might be the last casino in the Bay State.