In the ninth month of 2018, gaming establishments in Maryland generated a substantial $143.8 million in earnings. This signifies a 6.9% rise compared to the corresponding timeframe in 2017, which witnessed earnings of $134.5 million. This upswing in earnings can be linked to several elements, including the growing prevalence of casino entertainment and the state’s advantageous fiscal framework.
MGM National Harbor, the state’s most profitable gaming venue situated in Prince George’s County, observed its earnings surge by 10.3% to an impressive $54.4 million. Ocean Downs Casino in Worcester County encountered the most notable expansion, displaying a 13.9% rise in earnings, attaining $7.5 million.
Nevertheless, not every casino in Maryland experienced the same triumphs. Rocky Gap Casino Resort underwent a 1.3% decline in earnings, stabilizing at $4.6 million, while Horseshoe Casino Baltimore witnessed a 1.6% reduction, producing $20.6 million in earnings.
Out of the overall earnings generated in the ninth month of 2018, Maryland’s casinos provided $59.5 million to the state’s treasury, with a considerable portion, $44.6 million, designated for the Education Trust Fund. These resources play a vital part in bolstering educational programs throughout the state. Casino gaming earnings also furnish essential backing for the localities where the casinos are situated and contribute to the advancement of Maryland’s equine racing sector.
Presently, Maryland accommodates six privately held casinos that present a diverse range of gaming choices, encompassing slot devices and table-based games.
admin