MGM Springfield earns $2.1M in revenue in opening week of $9.5M

MGM Springfield earns $2.1M in revenue in opening week of $9.5M

September 19, 2018 3:00 AM
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The new MGM Springfield casino produced $9.5 million from gambling operations in its first week, state regulators said on Monday.

The Massachusetts Gaming Commission, in its monthly casino revenue data release, reported MGM Springfield earned $2.1 million in gross revenues from table games such as blackjack and roulette and $7.3 million from slot machines during the eight-day span from its Aug. 24 opening to Aug. 31.

The figure means the state collected $2.4 million in taxes through its 25 percent levy on the hotel, casino and entertainment venue’s gambling revenues.

MGM Springfield President Michael Mathis said in a statement that the figures reflect the casino’s “tremendously successful” opening, where more than 150,000 people visited in the first weekend alone. In previous estimates, MGM said, by its third year of operation, it could generate $500 million annually from the casino/resort.