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Advocate

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Encore avoids financial slump, sets new monthly high of $62.7M

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  After two months of declining revenues, Encore Boston Harbor set a new record high, posting $62.7 million for the month of October. The new revenue figure represents a sizable increase of $5.3 million over the prior month. Within the October total, $30.5 million came from table games while the remaining $32.2 million came from the slot machines.

  The state received $15.6 million in taxes from Encore last month. By comparison, the casino’s revenue in October 2020 was $41.1 million.

  As for its competition, Encore is still light years ahead of the other two casinos in Massachusetts. MGM Springfield reported a revenue of $21.4 million in October while Plainridge Park brought in $11.7 million.

  Thus far, Encore has generated $516.2 million this year, bringing its monthly average to $51.6 million. Last year, the casino brought in a total of $331.2 million and averaged $27.6 million per month. Since opening in June 2019, Encore has brought in $1.1 billion.

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