Maryland casinos report successful performance in August

maryland august

The six privately owned casinos totalled US$154.3 million in revenue in August. Credits: sharesociety.ca

The casinos in the state registered their fourth-best month in August, according to the Maryland gambling regulator.

US.- The Maryland Lottery and Gaming, in charge of regulating the casino industry in the state, has reported that facilities in the state registered their fourth-best month in August. The six privately owned casinos totalled US$154.3 million in revenue in August.

The US$154.3 million in revenue represents a 5.4% increase when compared to the same period last year. Four of the six casinos increased their gains year-over-year, although Horseshoe Casino Baltimore did not increase its gains. The facility reported US$18.3 million in August, a 13% fall from 2018.

Live! Casino & Hotel experienced a 12.7% increase when compared to August 2018 to US$53 million. MGM National Harbor generated more revenue in August to US$62.4 million, but it represented a 7% increase.

Moreover, Ocean Downs Casino posted a 6.5% to US$8.8 million, while Rocky Gap Casino Resort totalled US$5.4 million and a 5.8% rise. Hollywood Casino Perryville posted a year-over-year fall to US$6.4 million.

Maryland casinos and lottery establish record in last fiscal year

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.

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