The casinos are required to channel 25% of slot revenues into the state’s general fund
ccording to data released by the state’s tribal casinos, Mohegan Sun —owned and operated by the Mohegan Tribal Nation, and Foxwoods—owned and operated by the Mashantucket Pequot Tribal Nation— recorded slot revenues that were considerably lower from the levels reported in both the previous month and one year earlier.
Foxwoods reported October slot revenues of $26.1 million, down from the $27.6 million level in September and a plummet from October 2019’s $34.5 million. The casino’s $308.1 million handle fell precipitously from the $430 million in October 2019.
Mohegan Sun announced October slot revenues of $35.8 million, down from the $40.3 million level set in September and a drop from the $43.7 million level recorded October 2019.The amount slot bettors wagered in September, known as the “handle,” was $436 million, down from $528 million recorded one year earlier.
The casinos are required to channel 25% of slot revenues into Connecticut’s general fund, West Fair Online reports. Mohegan Sun said it paid approximately $9 million to the state last month, while Foxwoods provided about $6.5 million.