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Casino Revenue Essentially Flat in January

Maryland Live! saw revenue decline slightly despite the first full month of 24-hour gambling.

 

Revenue at the Maryland Live! casino was essentially flat between December and January, despite the first full month of 24-hour operations. 

The casino pulled in $35,943,756.19 in January, a decline of just under $100,000 from December. Casino revenue across the state dropped by about $900,000, as the state’s three casinos brought in $44.3 million combined. Maryland Live! is by far the largest casino with 4,750 machines. 

The Hollywood Casino in Perryville pulled in $5,455,111 in January, down from $5,956,140 in December. The Casino at Oceans Downs collected $2,928,919.55, down from $3,335,925.98

Casino revenue generated $14.6 million for operators with the rest going to the state’s Education Trust Fund, local impact grants, and the horse racing industry. 

The breakdown for January was as follows:

  • $14.6 million to casinos
  • $21.8 million to the Education Trust Fund
  • $3.1 million to purses at racetracks
  • $2.4 million to local impact grants
  • $775,736 to racetrack renewal
  • $2 million to the Maryland Lottery
  • $1.5 million to small, minority and women-owned businesses. 

Maryland Live began operating round-the-clock at the end of December. Casinos in Maryland are expecting to introduce live table games later this year. 

Related Topics: Casino, Maryland Live!, and maryland lottery

Sanchez

2:53 pm on Tuesday, February 5, 2013

And the legislooters will be stealing the cash from the Education Trust Fund when?

Reply

ken

9:20 pm on Tuesday, February 5, 2013

I want to Charlestown and won 3000 The next day I went to Delaware Park and 4000. Maryland casino suck

Reply

John

9:41 am on Wednesday, February 6, 2013

Call your school and see if they've seen a dime from this "trust fund."

Reply

ken

3:46 pm on Thursday, February 7, 2013

They shouldn't allow them to eat at the slots. Germs

Reply
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Calique

7:44 pm on Friday, February 8, 2013

Yeah that's pretty gross...whose job is it to clean the crumbs from between the buttons and the greasy fingerprints?
No one's, I bet!
YUK! Very unsanitary.

ken

7:49 pm on Friday, February 8, 2013

I was their today. LOST. LOST LOST. Maryland igoverment is stealing your money.

Reply

ken

7:57 pm on Friday, February 8, 2013

I'm going tonight and going to eat my steak dinner at the slots.

Reply

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