Maryland gaming revenue drops 4 pct

The Maryland facilities totalled US$142.9 million in gaming revenue, which is a 4% decrease over 2018.

US.- The Maryland Lottery and Gaming Control Agency revealed that gaming revenues for the state’s six casinos in June were US$142.9 million. These results represent a 4% decrease in revenues year-on-year when compared to the US$148.9 million registered in Maryland in June 2018.

Maryland perceived US$60 million from casino gaming revenue contributions, including US$45 million for its Education Trust Fund. 

Once again, MGM National Harbor was the facility with the biggest share of revenue in June 2019 to US$56.8 million, but posted a 4.1% decline from June 2018. Live! Casino & Hotel generated US$48.9 million in June 2019 and rose its revenues by 1.7%.

Moreover, Horseshoe Casino Baltimore generated US$18.6 million last month but posted the biggest decline in revenue, which represents an 18.2% fall. Rocky Gap Casino Resort posted the least revenue at US$5.1 million but was the highest growth with 7.5% year-on-year.

Sports betting won’t arrive in the state

Sports betting continues to take over the US, but some states have been more reluctant to approve legislation for the segment. Maryland seems to be among them, as a lawmaker has said that a sports betting bill “won’t happen this year.”

As reported by AP, State Sen. Nancy King, chairwoman of the Senate’s budget committee, said there isn’t much enthusiasm to legalise the segment this year. Senate President Thomas V. Mike Miller agreed and said it will need to wait until the 2020 ballot.

Back in February, Republican Delegates introduced a bill to regulate and launch the sports betting segment in Maryland. The bill would hand the State Lottery and Gaming Control Agency the power to do so in order to rush the process.

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