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Slot parlor revenue falls, but in a short month





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.

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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.

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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.

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Two full-fledged casinos, each with plans for at least 3,000 slot machines, are being built in Everett and Springfield.

Sean P. Murphy can be reached at smurphy@globe.com. Follow him on Twitter @spmurphyboston.


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