The Massachusetts Gaming Commission reported gross gaming revenue (GGR) of approximately $98 million for the month of August 2023 at Plainidge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Harbor (EBH).

It also generated approximately $22.71 million in Taxable Sports Waging Revenue (TSWR) across eight mobile/online sports betting licenses and three face-to-face licenses during the month of July.

Total revenue from the game
Plainidge Park Casino, a Category 2 slot facility, is taxed on 49% of the game's total revenue. Of the total tax, 82% is paid to Local Aid and 18% is allocated to the Racehorse Development Fund. Category 1 resort casinos MGM Springfield and Angkor Boston Harbor are taxed on 25% of the game's total revenue. The money is allocated to several specific state funds, as determined by game laws.

To date, Commonwealth has collected about $1.515 billion in taxes and valuations from its respective gaming facilities at its Plainidge Park casino, MGM Springfield and Angkor Boston casinos.

earnings from sports betting
Core Boston Harbor, MGM Springfield and Plainridge Park Casino are licensed as Category 1 Sports Waging Operators, allowing them to operate retail sportsbooks on their properties. Category 1 operators are taxed on 15% of TSWR.

Barstool Sportsbook, BetMGM, Betr, Caesars Sportsbook, DraftKings, Fanatics Betting & Gaming, FanDuel and WynnBET are licensed as Category 3 Sports Wagging Operators, which can operate mobile or online sportsbooks. Category 3 Operators are taxed on 20% of TWSR.

Of all operators' total taxes, 45% are allocated to the General Fund, 17.5% to the Workforce Investment Trust Fund, 27.5% to the Gaming Regional Aid Fund, 1% to the Youth Development and Achievement Fund, and 9% to the Public Health Trust Fund.

Commonwealth has collected approximately $50.35 million in total taxes and valuations on licensed operators' sports betting operations to date since they began in-person sports betting on January 31, 2023, and online on March 10, 2023.

If a business operator's adjusted total sports betting receipts for the month are negative because the winnings and excise taxes paid to wage workers under federal law exceed the business operator's total sports betting receipts, the Sports Betting Act allows the business operator to carry over the negative amount of its tax liability on returns filed next month.   실시간 바카라사이트