That translates to about $5 million per month from MGM Springfield. Gambling receipts at the big resort casinos in Massachusetts are taxed at 25 percent. “I think the Plainridge folks will tell you, and anybody in our industry will tell you, typically we look at a three-year stabilization period.” “These numbers are certainly lower than what we had hoped to see in our initial months,” Mathis said. Mike Mathis, MGM Springfield president and COO, acknowledged some concern at a state gaming commission meeting in February. And January was a little under $20 million. Then there was a serious drop October through December – all in the low $20 millions per month. MGM Springfield took in nearly $27 million in revenue in September, its first full month of operation. Here’s a look at some of the casino’s early successes and challenges, and what it all means for Springfield and the state of Massachusetts. It's been more than six months since the MGM casino in Springfield opened its doors to thousands of gamblers, and curious pedestrians.
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