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Massachusetts Gaming Commission Publishes 2023 Annual Report

Wednesday 12 de June 2024 / 12:00

2 minutos de lectura

(Massachusetts).-The Massachusetts Gaming Commission recently published its 2023 Annual Report, covering the Commission's activities from July 1, 2022, to June 30, 2023. This marks the MGC's twelfth annual report since its inception

Massachusetts Gaming Commission Publishes 2023 Annual Report

The report covers a wide range of topics from financial updates, recommendations for legislative action, results on licensee workforce and supplier diversity goals, casino property and project summaries, division reports, and is the first report to feature details about legalized sports wagering which began at the Commonwealth’s casinos in January 2023 and on mobile platforms in March 2023.

“The Commission’s Annual Report is an important publication detailing all that was accomplished over the last fiscal year on behalf of the residents of the Commonwealth,” said Interim Commission Chair Jordan Maynard.“The work to regulate and oversee the casino, horse racing, and sports wagering industries in the Commonwealth takes a dedicated team committed to ensuring those industries prioritize consumers and focus on responsible gaming. The Massachusetts Gaming Commission is pleased to present this report, which details our commitment to transparent policy making, nation-leading research, and industry standard innovations.”

 Within six months of the bill being signed into law, the Commission launched in-person sports wagering followed by mobile sports betting just over a month later. In all, the Commission granted 11 Certificates of Operations to sports wagering operators, which generated $228.7 million in adjusted gross sports wagering revenue across the fiscal year, accounting for more than $44 million in sports wagering tax revenue.

Gross Gaming Revenue reached $1.2 billion in FY23, generating $320.7 million in tax revenue for the Commonwealth.

The  Community Mitigation Fund, which provides grant funding to eligible municipalities and government entities located in the vicinity of Massachusetts casinos to advance needs in transportation, community planning, workforce development, and public safety initiatives, awarded approximately $10.2 million in grants in FY23.Additionally, Investigations and Enforcement Bureau the MGC’s helped intercept $3.6 million from unpaid taxes and child support payments.

The Commission is committed to promoting responsible gaming and providing tools for patrons to manage their play in the form of programs like the Voluntary Self-Exclusion (VSE) Program and Play my Way . During FY23, 1,430 individuals enrolled in the VSE program, which allows people to voluntarily exclude themselves from casino gambling and/or sports wagering for a predetermined amount of time. More than 42,000 people also enrolled in PlayMyWay, a free budgeting tool that lets players track their play and receive automatic notifications as they get closer to their pre-set budget amount. Massachusetts is the first and only state to offer a program like PlayMyWay, which is available at all three Massachusetts casinos.

The Commission has also supported a wide range of gambling-related research projects, of which six were released in FY23, with more than 60 reports published since 2014. The FY23 Annual Report is the final report under the leadership of Chair Cathy Judd-Stein

Categoría:Others

Tags: Sin tags

País: United States

Región: North America

Event

PGS, Perú Gaming Show 2024

12 de June 2024

Emotional tribute to Manuel San Román Benavente at PGS 2024

(Lima, SoloAzar Exclusive).-During PGS 2024, a moving posthumous tribute was carried out to the engineer Manuel San Román Benavente who died at the age of 74 and was General Director of the Casino of games and slot machines of the Ministry of Foreign Trade and Tourism of the Peru.

Friday 12 Jul 2024 / 12:00

GLI Perspectives on Gambling Regulation in Latin America

(Lima, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Georges Didier of Gaming Laboratories International (GLI), offers his perspectives on the evolution of gaming regulation in Latin America and the crucial role of GLI in this dynamic landscape.

Friday 12 Jul 2024 / 12:00

Implementation of robust identity verification systems by 2024 expected

(Lima, Exclusive SoloAzar) - During the conference "Knowing your players, AI, and fradue" at the Peru Gaming Show, Samer Atassi, Vicepresident for Latam at Jumio, addressed the growing concern about online gambling security and highlighted the importance of knowing your players to prevent fraud and protect minors.

Thursday 11 Jul 2024 / 12:00

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