Connecticut: Foxwoods boosted December slot payment to meet ‘minimum contribution’

Connecticut: Foxwoods boosted December slot payment to meet ‘minimum contribution’

Article brief provided by TheDay.com
  • Brian Hallenbeck, TheDay.com
January 29, 2021 9:10 PM
  • Brian Hallenbeck, TheDay.com

Six months into the fiscal year that began July 1, Foxwoods Resort Casino has forwarded $40 million in slot-machine revenue to the Connecticut Department of Consumer Protection — the “minimum contribution,” as spelled out in the Mashantucket Pequot Tribe’s revenue-sharing agreement with the state.

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Foxwoods met the requirement by adding $716,766 to its slots contribution in December.

Memorandums of understanding that the casino-owning Mashantucket Pequot and Mohegan tribes signed in the 1990s require them to make the contributions in exchange for the exclusive right to operate casino games.

Through December, Foxwoods had kept $157,132,933 in slots revenue after paying out prizes and contributed $39,283,234 of it to the state. That left it $716,766 short of the $40 million threshold.