The bill provides a comprehensive overview of the revenue generated from gaming operations at various casinos and sports wagering platforms in the state, detailing financial performance metrics from June 2015 to June 2025. It introduces new legal language that specifies the gross gaming revenue (GGR) taxes collected from casinos such as Encore Boston Harbor, Plainridge Park, and MGM Springfield, along with a breakdown of allocations to state taxes and the race horse development fund. The bill emphasizes the importance of accurate financial reporting, including monthly figures for slot machine performance, tax revenue, and carryover calculations related to accrual losses, thereby enhancing transparency and accountability in the gaming sector.
Additionally, the bill outlines the financial performance of sports wagering operators, including Encore, Bally's, Caesars, DraftKings, and BetMGM, detailing monthly metrics such as retail tax, handle, and excise tax collected from January 2023 through June 2025. It specifies the percentage of carryover from monthly wins after accounting for excise taxes and provides projected revenue figures for various betting platforms, amounting to approximately $4.6 billion combined. The detailed reporting requirements aim to ensure effective monitoring of tax revenue and facilitate informed decision-making regarding taxation and regulation in the sports wagering industry.