Lottery and casinos in Maryland establish new records
The lottery and casinos in Maryland registered a record-setting total of US$1.3 billion directed to the state in the last fiscal year.
US.- The last fiscal year 2019 has brought great news for Maryland, as the state lottery and the six casinos contributed a record-breaking US$1.3 billion to the state. Separated, both verticals managed to achieve individual records in the fiscal year ended June 30.
The Maryland Lottery reported that it registered an all-time sales record, setting an all-time record in profit to the state with US$593.1 million. The Lottery also set records in scratch-off ticket sales, retailer commissions and prizes.
On the other hand, casino gaming revenue totalled US$717.5 million. The segment destined US$542.7 million to the Maryland Education Trust Fund, and the figure represents yet another record.
Combined totals set a 4.7% rise from the previous record of US$1.2 billion in the 2018 fiscal year. Lottery sales totalled US$2.1 billion, up 7.5% from the previous US$2 billion record. Casinos set a new record of US$1.7 million in gaming revenue.
“We’re happy to be able to report on new records, but equally, we’re proud to serve as a vital source of revenue for the state,” said Maryland Lottery and Gaming Director Gordon Medenica. “We are extremely grateful for the efforts of our employees, our retailers, our vendors and our casino partners. The hard work continues as we move forward into a new year.”
Governor Larry Hogan said: “The US$1.3 billion provides funding for essential state programs that our citizens rely on every day. Education is our top priority. Our students and classrooms will benefit from a contribution of nearly US$543 million to the Education Trust Fund.”
