Maryland Casinos Set Gaming Revenue Record In OctoberState's Six Casinos Brought In Record $158 Million |
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Maryland saw it’s gaming revenue jump to $158 million in October, which amounts to a record-breaking month for the state’s six casinos.
The mark represented a 19 percent increase in year-over-year revenue, and just narrowly beat out the previous record of $156.6 million, which was set in May of this year.
MGM National Harbor brought in nearly half of the state’s gambling revenue, with $73 million. Live! Casino and Hotel, formerly Maryland Live!, brought in $47 million.
Horseshoe Casino Baltimore saw a sizable 7.6 percent increase in their revenue to $21 million, while Oceans Downs Casinos produced more modest gains and revenue of $6 million. Both Hollywood Casino Perryville and Rocky Gap Casino Resort saw small decreases, reporting $5.8 million and $4.5 million, respectively.
The state will collect roughly $61 million of October’s total haul in taxes, which are earmarked for Maryland’s Education Trust Fund. On Tuesday, state voters will decide whether or not to increase the amount of tax revenue that is dedicated to education.
Maryland’s gaming market continues to grow, making it one of the hottest in the country. According to the American Gaming Association, Maryland’s gambling market grew 34 percent last year to $1.6 billion. That growth far outpaced nationwide gaming revenue growth of about 3.4 percent in 2017.
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