Connecticut’s tribal casinos reported big gains in slot-machine revenue in December, contrasting with 2020’s numbers and restrictions.
Mohegan Sun reported Monday that it kept $41.8 million in slots revenue after paying out prizes last month, a 29.5% increase in a year-over-year comparison. Foxwoods Resort Casino saw $30.5 million, up from $21.5 million a year ago a 42% rise.
Mohegan Sun contributed $11.7 million of its December slots win to the state while Foxwoods sent $7.6 million to Hartford.
As reported by the Department of Consumer Protection’s Gaming Division, being the second full month of online casino gaming in Connecticut, December generated more money for the state than November did. However, online sports betting revenue declined from month to month.
Online gaming sites operated by the casinos paid the state $2.9 million in December, up from $2.5 million in November. Sports wagering offered by the casinos and by the Connecticut Lottery Corp. generated about $930,000 for the state in December, down from about $1.7 million the previous month.
The casinos’ online sports betting sites collected more wagers than in previous months, but paid out a greater percentage in winnings: Foxwoods saw $68.9 million in sports wagers and paid out $63.8 million to patrons who placed winning bets. Mohegan Sun collected $63.3 million in wagers and paid out $59.4 million. The lottery took in $11.4 million in bets and paid out $10.5 million. The lottery’s retail sites saw $6.5 million in wagers and paid out $6.1.
After deductions for canceled bets, taxes and promotions, Foxwoods’ gross sports-betting revenue in December was $3.2 million. Mohegan Sun’s was $26 million and the lottery’s was $561,036. Each paid 13.75% of their gross revenue to the state.
In terms of gross online gaming revenue, Foxwoods generated $9.2 million while Mohegan fell behind with $7.1 million. Each of them paid 18% to the state.
Original article: https://www.yogonet.com/international/news/2022/01/18/60982-connecticut-casinos-see-slot-win–igaming-and-sports-betting-handle-rise-in-december
