The Massachusetts Gaming Commission reported total gaming revenue of approximately $98 million from Plainage Park Casino

In addition, eight mobile/online sports betting licensees and three direct licensees generated approximately $22.71 million in Taxable Sports Waging Revenue (TSWR) during the month of July.

Total game sales
The Plainage Park Casino, a Category 2 slot facility, is taxed at 49% of the Gross Gaming Revenue. Of that total taxable amount, 82% is paid to Local Aid and 18% is allocated to the Race Horse Development Fund. MGM Springfield and Encore Boston Harbor, Category 1 resort casinos, are taxed at 25% of the Gross Gaming Revenue. The money is allocated to several specific state funds determined by game laws.

To date, the Commonwealth has collected approximately $1.515 billion in taxes and valuations from operating casinos at Plainage Park Casino, MGM Springfield, and Angkor Boston since the opening of each gaming facility. 카지노사이트

Sports Betting Earnings
Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino are licensed as Category 1 Sports Waging Operator, which is taxed on 15% of TSWR.

Bartstool Sportsbook, BetMGM, Betr, Caesars Sportsbook, DraftKings, Fanatics Betting & Gaming, FanDuel, WynnBET are licensed as Category 3 Sports Waging Operator, which can operate mobile or online sportsbooks, and Category 3 operators will be taxed on 20% of TWSR.

Of the total business taxable amount, 45% is allocated to the general fund, 17.5% to the Human Resources Investment Trust Fund, 27.5% to the Gaming Local Assistance Fund, 1% to the Youth Development Achievement Fund, and 9% to the Public Health Trust Fund.

To date, the Commonwealth has collected approximately $50.35 million in taxes and valuations from licensed operators’ sports betting operations since it began in-person sports betting on January 31, 2023 and online on March 10, 2023.

When wages and excise taxes paid by a business operator under federal law are negative for a month, adjusted in excess of the business operator’s total sports betting revenue, the Sports Betting Act allows the business operator to carry the negative amount of tax liability over the subsequent months on their filed returns.

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