Maryland Casinos Set Record With March RevenueMaryland's Six Casinos Win $163.27 Million In March |
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Maryland casinos won a record amount from gamblers in March. According to numbers released by the Maryland Lottery and Gaming Commission, the state’s six casinos generated $163.27 million.
The revenue represents an all-time high in the state and an 8.8 percent increase year-over-year. The state’s previous all-time high came last October when casinos won $157.96 million.
MGM National Harbor was the highest-earning casino in Maryland. It won $62.78 million in March. Live! Casino & Hotel was just behind MGM National Harbor at $55.95 million in revenue, but was the casino with the largest year-over-year increase. It won $8.9 million more than it did in 2018, an increase of 19 percent.
Horseshoe Baltimore earned $25.6 million, Hollywood Casino Perryville won $7.15 million, Ocean Downs Casino took in $6.6 million and Rocky Cap Casino Resort netted $5.16 million. Every casino saw an increase in revenue year-over-year.
The Maryland gaming market is also up from the first two months of the year. In January, those casinos won $137 million and in February, it was an almost identical $136.77 million.
“A record-setting performance in March is great news for the state, and for the many good causes that casino revenue supports,” said Maryland Lottery and Gaming Director Gordon Medencia in a press release. “It’s especially impressive at a time of intense competition and expanding gaming options in surrounding states.”
The state of Maryland took $57.1 million of the record profit in tax revenue, with $42.85 million heading to the state’s Education Trust Fund. The rest of the tax revenue was sent to local communities and jurisdictions where the casinos are located. Maryland’s horse racing industry also receives tax revenue from the casinos.
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