Ticker: Gaming revenues top $41M in December; Year-end bonuses shrink 21% 

The Gaming Commission introduced Tuesday that Plainridge Park Casino in Plainville, MGM Springfield and Encore Boston Harbor in Everett generated a cumulative $103.04 million in gross gaming income in December, sufficient to provide greater than $29 million in month-to-month tax income for the state.

Sports wagering — bettors put about $658.7 million on the road on December video games — yielded an extra $60.55 million in taxable income for the three bodily sportsbooks and eight on-line betting platforms, and $12 million in income for Massachusetts.

Since casino-style gaming began right here in 2015, Massachusetts has raked in $1.623 billion in taxes and assessments from on line casino operations. Total on line casino gaming revenues for the state totaled about $330.7 million for fiscal 12 months 2023, up from about $310 million in fiscal 2022 and $233.1 million in fiscal 2021, based on the state’s most up-to-date data assertion. And since authorized sports activities betting began a 12 months in the past, that exercise has generated $93.87 million in complete taxes and assessments.

Year-end bonuses shrink 21%

U.S. employees are getting smaller bonuses, an indication that belt-tightening employers aren’t as involved about shedding expertise as in recent times.

The common money bonus paid to staff final month was $2,145, down 21% from the earlier 12 months, based on payroll software program firm Gusto, which tracks funds made by greater than 300,000 small companies.

Not solely have been bonuses smaller, however fewer employees received them in most industries. Sixteen out of the 22 industries tracked by Gusto noticed declines within the share of employees that obtained any kind of bonus, with the largest drop coming at arts and leisure companies. Compared with 2021, 6.9% fewer employees received a bonus in 2023.

Source: www.bostonherald.com”