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Revenues on the Up for Maryland Casinos

Revenues on the Up for Maryland Casinos

Maryland Live casino enjoyed a fantastic 2013 with over $586 million in gross gambling revenue collected last year. The massive pre-tax takings include almost $153 million from live-action table games which Maryland Live only began offering in April.

Revenues on the Up for Maryland Casinos

2013 was an extremely successful year for Maryland’s four casinos with revenues continuing to rise.

Overall it was a good year for the state’s four casinos which generated almost $750 million in total gambling revenue. Roughly $415 million was collected in taxes of which $315 million went to the Education Trust Fund.

Last month saw Maryland’s casinos increase revenues 44% compared to the same month last year, from $45 million to $65 million.

The increase is largely due to the introduction of live table games as well as the opening of the Rocky Gap casino in Allegany County.

The revenue figures were released by the Maryland Lottery and Gaming Control Agency earlier this week. After they were published the president and general manager of Maryland Live, Rob Norton, released a statement reading, “We’re very pleased with our performance. The addition of live action tables and poker has been very exciting for the property from an experience and revenue standpoint, while slots showed steady growth through the year, even with the addition of tables.”

OCA News Editor