Gambling revenue at Plainridge Park Casino stayed above $12 million in February, but just barely.
Since the slot parlor opened in 2015, monthly revenue has dropped below that threshold only twice, and as recently as August it topped $13 million.
But last month, revenue reached the $12 million mark by just $63,500, the equivalent of about four hours of gambling, based on figures released Wednesday by the state’s Gaming Commission. Wagers fell to $146 million, the lowest level in more than a year.
But on a per-day basis, February was the casino’s best performance since July. Casino managers expect slower business in the winter, when cold weather and the threat of storms interfere with gambling outings.
The casino also reduced its payouts to gamblers, keeping more than 8 cents per dollar. As recently as October, slot machines kept about 7 cents per dollar, giving gamblers substantially more wins.
For the month, the casino paid about $4.8 million in state taxes, and $1 million to support the struggling horse racing industry.
Under the state’s casino law, Plainridge is limited to 1,250 slot machines, about one-quarter as many as its Connecticut rivals Foxwoods Resort Casino and Mohegan Sun. Plainridge is prohibited from operating table games such as roulette and blackjack.
Two full-fledged casinos, each with plans for at least 3,000 slot machines, are being built in Everett and Springfield.