Slot Machine Revenue Continues to Drop 

The slot machine revenue across the United States continues to drop and some are finding it harder to bear than others are. There are many that find that their slot machines are just not performing as well as they used to, before the economy dropped, and some are worried about what this means for the future. Atlantic City and Nevada have both recorded record lows in slot machine revenues for their states, and now Connecticut is as well.  

They have reported that the slot machine revenue at Foxwoods and the Mohegan Sun are down much lower than they were before, and they are just waiting for the economy to turn as they know that their numbers will start to go up again. According to the state, their slot machine revenues for the state of Connecticut and for the month of January are down from last January as well as the previous month. 

Foxwoods Resort Casino and MGM Grand at Foxwoods reported a total slot machine revenue of $51.6 million which is down 2.5% from same time last year. The Mohegan Sun reported 1% down in slot machine revenues, showing a profit of $61.7 million. They say that this is down 7% from the previous month’s slot machine wagering. 

The casinos are responsible for paying a portion of their slot machine revenues to the state, and the state uses those monies to pay for things that they might not be able to cover otherwise. But with the casinos bringing in less slot machine revenue, they are faced with the dilemma of not having enough to pay for those programs.