Foxwoods Resort Casino said its slot revenues continues to slide in May, but at a slower rate.
Slot revenues fell 2.8 percent, compared to May 2018, Foxwoods said, which is the smallest monthly dip since August of last year.
Foxwoods, operated by the Mashantucket Pequot Tribal Nation, on Saturday posted slot revenue of $37.4 million last month, down from $38.5 million in May 2018.
The amount slot bettors wagered in May, known as the “handle,” also decreased 2.6 percent to $469.5 million vs. $482 million in the year-ago period.
The casino, required by a state gaming compact to pay 25 percent of its slot revenue to the state’s General Fund, said it contributed $9.5 million last month.
Foxwoods, along with Mohegan Sun, has now reported lower monthly year-over-year slot revenues for the last 11 consecutive months.
The declines come as the Connecticut casinos face growing competition from new gaming facilities across the Northeast, including MGM Springfield, which launched in Aug. 2018.
Foxwoods and Mohegan Sun are working to stay competitive in the northern half of Connecticut through development of the nation’s first jointly operated tribal casino in East Windsor.
