Business & Tech
August Revenue Decreases at Maryland Live! Casino
The state's three casinos brought in $44.6 million in August, down from $48 million in July, said Maryland Lottery.
Maryland Live! brought in nearly 73 percent of money generated by Maryland casinos in August, according to numbers released this week by the Maryland Lottery.
The casino at Arundel Mills, which opened in June, accounted for $32.4 million of the total $44.6 million from the state's three casinos in August, said lottery officials.
Patch previously reported that casino revenue was expected to rise, as Maryland Live! at the end of July. The casino also recently opened a .
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Maryland Live!'s developer told The Capital that the drop in revenue was expected due to seasonal gambling patterns.
Here are highlights from the Maryland Lottery's announcement on Wednesday:
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- Maryland Live!, which operates 3,717 machines, generated $32.4 million in August.
- Hollywood Casino Perryville in Cecil County, which operates 1,500 machines, generated $6.5 million last month. Note that August 2012 revenue decreased by $2 million or 23.8 percent from August 2011.
- The Casino at Ocean Downs Worcester County, which operates 800 machines, generated $5.6 million last month. Note that August 2012 revenue increased by $1.1 million or 24.3 percent from August 2011.
For more on the state’s casinos, the Maryland Lottery posts monthly financial reports on casino revenue on its website: slots.mdlottery.com.
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