The bill provides a detailed overview of the revenue generated from slot machines at the Plainridge Park Casino and Encore Boston Harbor, including specific monthly data from June 2015 through March 2024. It highlights the total coin in, gross gaming revenue (GGR), hold percentage, payout percentage, and taxes collected, with a 40% tax rate for Plainridge Park Casino and a 25% tax rate for Encore Boston Harbor. The total revenue from both casinos is reported to exceed $20 billion, contributing significantly to state funds and development initiatives. New legal language is introduced to specify the percentages for slot hold and payout rates, as well as the total amounts collected for state taxes and other funds.
Additionally, the bill addresses the financial reporting and taxation of sports wagering revenue, detailing the monthly performance of various operators, including MGM Springfield and DraftKings, from January 2023 through October 2025. It introduces a 15% rate of carryover for tickets settled on an accrual basis and specifies a 20% hold percentage on ticket write, aiming to standardize reporting across operators. The bill also includes a deletion of a specific data entry for March 2025, indicating an update in the reporting process. Overall, the legislation emphasizes transparency and accountability in the gaming and sports wagering sectors, ensuring accurate tax collection and financial oversight for the state.