Courtesy of Pexels Connecticut’s two tribal casinos have posted declines in December slot revenue. Mohegan Sun’s take of nearly $44 million was down more than 11% from December 2018. MASHANTUCKET, Conn. (AP) — The Foxwoods Resort Casino is reporting a 10 percent decline in slot-machine revenue for October as it feels effects of competition including the new MGM Springfield casino across the state line in western Massachusetts. The $34.4 million it kept in slots revenue after paying out prizes is 10 percent less than the amount it kept in October 2017, The Day of New.
Foxwoods was New England's first casino. It is also the largest casino in the world and the world's most profitable casino.
Connecticut Slot Machine Revenue Calculator
When Foxwoods opened in February 1992, slot machines were not permitted. In January 1993 a deal was made between Governor Weicker and the Pequots which gave the tribe the exclusive right to offer slot machines in return for a yearly payment of 25% of the gross slot revenue. The agreement was subject to cancellation, however, if the state allowed slot machines anywhere else in Connecticut.
In early 1994 the Mohegan tribe signed a compact with the state that allows them to offer casino gambling at their reservation in Uncasville. The Pequots gave permission for the Mohegans to have slot machines in their casino. The same 25% of the gross slot revenue payment schedule also applies to the Mohegans. The payment schedules are subject to cancellation, however, if the state legalizes any other form of casino gambling. The Mohegan casino opened in October 1996.
The following table shows Foxwoods' slot payback percentages:
| DENOMINATION | PAYBACK PERCENTAGE |
|---|---|
| 1¢ | 87.78% |
| 2¢ | 88.66% |
| 5¢ | 89.87% |
| 25¢ | 91.10% |
| 50¢ | 91.96% |
| $1.00 | 92.69% |
| $5.00 | 94.33% |
| $10.00 | 96.85% |
| $25.00 | 94.60% |
| $100.00 | 96.27% |
| Average | 91.28% |
These figures reflect the total percentages returned by each denomination of slot machine from July 1, 2006 through June 30, 2007. Foxwoods' total win on its slot machines during that year was slightly more than $805 million and of that amount 25%, or slightly more than $201 million, was paid to the state.
The games offered at Foxwoods include: Blackjack, Craps, Roulette, Baccarat, Min-baccarat, Big Six Money Wheel, Pai Gow Poker, Pai Gow Tiles, Caribbean Stud Poker, Texas Hold' Em Bonus Poker, Let It Ride, Acey-deucy, Casino War, Chuck-A-Luck, Spanish 21, Three-Card Poker, Crazy 4 Poker, Poker Bingo, Keno and Pull Tabs.
Here's information from Connecticut's Division of Special Revenue regarding Mohegan Sun's slot payback percentages:
| DENOMINATION | PAYBACK PERCENTAGE |
|---|---|
| 1¢ | 88.68% |
| 2¢ | 89.03% |
| 5¢ | 88.27% |
| 25¢ | 89.74% |
| 50¢ | 90.71% |
| $1.00 | 92.55% |
| $5.00 | 93.60% |
| $10.00 | 96.11% |
| $25.00 | 95.40% |
| $100.00 | 95.20% |
| Average | 91.37% |
These figures reflect the total percentages returned by each denomination of slot machine from July 1, 2006 through June 30, 2007.
The total win on all of the Mohegan Sun slot machines during that period was slightly more than $916 million and of that amount 25%, or slightly more than $229 million, was paid to the state.
The games offered at Mohegan Sun include: Blackjack, Craps, Roulette, Baccarat, Mini-Baccarat, Pai Gow, Wheel of Fortune, Bingo, Caribbean stud poker, Let It Ride, Spanish 21, Casino War, Sic Bo and Keno.
Connecticut's minimum gambling age is 18 for bingo and 21 for the casino. Both casinos are open 24 hours.