After two consecutive months of year-over-year increases in their slot revenues, Connecticut”™s tribal casinos returned to revenue declines in December.
Mohegan Sun reported slot revenues of approximately $44 million, down from the $49.7 million recorded in December 2018. The amount slot bettors wagered in December, also known as the “handle,” was $546.6 million, a drop from the roughly $633 million reported one year earlier.
Foxwoods”™ slot revenue of $33.6 million dropped from the $37 million generated one year earlier. The handle for the month was $407.1 million, down from the previous year”™s $473.1 million.
Both casinos are required to pay 25% of their respective slot revenues to the state’s general fund. Last month, Mohegan Sun paid the state $10.9 million and Foxwoods paid $8.5 million.
Prior to generating revenue gains in October and November, both casinos had experienced year-over-year slot revenue declines since June 2018. The Connecticut casinos do not report their table-games revenue and do not share those earnings with the state.
