Plainville Casino Generates $88 Million In Taxes In 1st Year
PLAINVILLE (AP) — The first and so far the only casino in Massachusetts collected nearly $180 million in gambling revenues in its first year of operation.
The Massachusetts Gaming Commission reported Monday that Plainridge Park's revenues resulted in more than $88 million in state revenues from taxes and other assessments.
The state initially projected about $105 million in gambling taxes from the Plainville slots parlor and harness racing track, but those projections were lowered to about $83 million.
Monthly revenues have remained at around $11 to $13 million.
The facility, which opened June 24, 2015, is taxed on 49 percent of its gross gambling revenue, of which 82 percent goes to the state and 18 percent to a fund subsidizing the horse racing industry.
Casino officials didn't immediately comment and the commission declined comment.
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