PLAINVILLE - It’s been said that there is no such thing as a sure bet, but you can count on placing bets on sporting events as early as next month at Plainridge Park Casino.
The Massachusetts Gaming Commission unanimously approved a temporary license to the operation owned by Penn Entertainment in spite of concerns with Penn’s plans to purchase Barstool Sports.
Plainville Town Administrator Brian Noble spoke to North TV about the commission's vote to approve sports betting at Plainridge and what it means for the town.
Click the video below to stream his comments.
The Gaming Commission recently released the November revenue report for the state’s three casinos.
Revenue was down at all three in November, compared to October. The month is typically slower than others.
Plainridge Park Casino reported gross gaming revenue of $11.39 million, almost $800,000 less than the previous month. Plainridge took in $10.97 million for the same month last year.
Gross gaming revenue is the difference between the total amount bet and what gamblers take home in winnings. Plainridge is taxed 49 percent on that amount. In addition, the town of Plainville receives 1.5 percent of the gross gaming revenue. For November, that amounted to $170,882.23, down approximately $17,500 from October. In addition, the casino pays approximately $1.5 million a year to the town in property taxes.
Encore Boston also had a drop in gross gaming revenue with $59.43 million in November, down from the more than $62.04 million reported in October.
MGM Springfield’s revenue was $22.03 million, compared to the $22.80 reported the previous month.
December's revenue will be announced later this month.
