Massachusetts Residents Spent Christmas Cash at Casinos, Not Malls
The 2022 Christmas shopping season was even worst than first thought, according to figures released by the U.S. Commerce Department.
Retail stores, restaurants, and even popular online shopping venues saw disappointing sales across the country in November and December.
The Commerce Department was expecting a decline of 0.8 percent, but sales fell 1.1 percent in December.
November sales were also lower than first reported, with an adjusted one percent decline after initial reports of sales being off by 0.6 percent.
The Salem News reported things were not much better here in Massachusetts, where retailers saw "sluggish sales over the holidays and still face pressures from rising labor costs and the lingering pinch of inflation."
The paper reported that according to the Retailers Association of Massachusetts, "employers in the state saw an estimated 1.2 percent increase in sales in November and December over the same period last year," which is "well below the typical four percent increase."
Don't be fooled, though; Massachusetts residents spent a bundle over the holidays, just not on Christmas gifts. So where did they spend their money?
The casinos.
State House News Service reported that "The state took in more taxes and fees from casino-style gambling in December than in any other month on record, counting more than $28.76 million in revenue from last month's gambling activity at Plainridge Park Casino, MGM Springfield, and, Encore Boston Harbor, the Gaming Commission reported Tuesday."
SHNS reported the three gaming facilities "generated cumulative $103 million in gross gaming revenue in December, consisting of a record high of about $68.46 million at Encore in Everett, $22.47 million at MGM Springfield and $12.31 million at Plainville's Plainridge slots parlor."