Revenue at Maryland Live! Rises in February
Maryland Live! saw revenue rise from $35.9 million to $38.34 million. The state saw a 7.5 percent revenue gain at its three casinos.
Paced by nearly $39 million in revenues from the Maryland Live! casino, revenues from casinos in Maryland rose by more than 7.5 percent in February,
Despite February being a shorter month, statewide revenue from Maryland's three casinos came in at $47.76 million, or about $3.4 million more than in January, according to new figures published by the Maryland Lottery.
At Maryland Live! at Arundel Mills, revenue rose to $38.34 million, up from $35.9 million in January.
The Hollywood Casino in Perryville saw revenues rise from $5.5 million to just under $6 million.
Revenue at Ocean Downs rose from $2.9 million to $3.4 million.
Overall casino revenue in the state has risen nearly $32.7 million, or more than 200 percent, since this same time last year. However, that figure is skewed by the addition of Maryland Live!, which opened in June. With Maryland Live! removed from the equation, casino revenue in the state declined by more than $5.6 million.
Maryland Live! is the largest of the state's three casinos, with 4,750 slot machines. Each machine at Maryland Live! pulled in about $302 per day, on average.
Casinos in the state are allowed to keep one-third of revenues. The rest is distributed to Maryland's Education Trust Fund, race track renewals, local impact grants and minority businesses.
Here's the breakdown for February:
- Casino share: $15.7 million
- Education Trust Fund: $23.5 million
- Horse racing purse account: $3.34 million
- Local impact grants: $2.63 million
ROBERT SCHROEDER
8:23 am on Monday, March 11, 2013
What about the disabled people of the county? What do we get out of it?
Brian
9:34 am on Monday, March 11, 2013
what about the able people of the county? What do we get out of it?
.....hmmm
Duane Peterson
8:55 am on Monday, March 11, 2013
I am really glad to see the casino's and the state are really doing well. I wonder however if there has been an increase to funding to treat gambling addicts and how many people are falling further behind on there bills as a result of there gambling?
ROBERT SCHROEDER
8:58 am on Monday, March 11, 2013
True
Brian
9:32 am on Monday, March 11, 2013
When are we going to hold people responsible for their own actions? Gambling addicts can take the money they would otherwise be losing and use that to fund their recovery.
ER
7:36 pm on Monday, March 11, 2013
Thats great, Gambling and fleecing citizens from their hard earned income. Well all that money does anyone think what would happen if that money was spent at local and small businesses. How much more in taxes would be directly injected into the state budget! States cut of the revenue, its a myth, your all being carpet bagged, simply lied too. This state Government elected bodies are and was only interested in getting elected. Allowing gambling in this form and magnitude is only to cater to democratic idiots who think the methods of attaing funds is done through disgraceful activities.
I guarrantee one thing they will be back next year stating we cant balance the budget, its the same dog and pony show to get more revenue out of your wallet. And most of you will vote for these idiots again,dont be a sad fool and buy into these revenue schemes. You will pay for the cost someway and somehow.
Runymede
7:49 am on Monday, March 25, 2013
If casino gambling is raising revenue, then why is there an increase in the gasoline tax.
Chris W
8:15 am on Monday, March 25, 2013
Because when OweMally is in charge, more is never enough.