Maryland casinos posted a strong performance for the month of October. According to the figures released by the Maryland Lottery and Gaming on Tuesday, the casinos in the state grossed $143,895,409 in gaming revenues.
The figures represent an 8.9 percent increase from the revenues generated during the same period the previous year. There are a total of six casinos in the state.
The state grossed $59,267,140, in taxes from the casino gambling operations in October. Of the taxes, $44,456,366 went towards the Education Trust Fund.
The strong performance was reported as three of the six casinos in the state posted a positive revenue figure as their revenue went up when compared with what they had generated for the same period the previous year.
Maryland has six privately owned casinos that offer both slot machines and table games: MGM National Harbor in Prince George’s County; Live! Casino & Hotel in Anne Arundel County; Horseshoe Casino Baltimore in Baltimore City; Ocean Downs Casino in Worcester County; Hollywood Casino Perryville in Cecil County; and Rocky Gap Casino Resort in Allegany County.
For September, Maryland casinos posted a moderate drop in revenue. The six state casinos grossed $142,223,137 in revenue for September 2019.
Prior to September, August was the fourth-best month for the casino gambling industry in the state. According to the figures released by the Maryland Lottery and Gaming, the six state casinos grossed $154,260,719 in August 2019. The figure represents a 5.4 percent year-on-year increase when compared with the revenue generated for the same period the previous year.