Maryland casinos generated over $168 million last month
By Bob Garcia
Maryland continues to be a strong state for gambling
The combined revenue strength of Maryland’s six different casinos, as reported by the Maryland Lottery and Gaming, brought in a staggering $168.5 million during the month of August. Compared to the same month last year, an increase of $18,910,348 (12.6%) is reported, indicating that the casino industry in the Old Line State is following a positive path. It should be noted that during August of last year, casinos were limited to 50% operations due to COVID-19 restrictions.
Last month, casino gaming contributions to the state totaled $71,284,480, an increase of $10,453,351 or 17.2% over the same period last year. With respect to the Education Trust Fund in August 2021, a total of $ 51,789,625 was given, an increase of $ 7,515,806, or 17%, over August 2020. In Maryland, much of the revenue generated from casino gaming goes to support the communities and jurisdictions where casinos are located, the state’s horse racing industry, and minority- and women-owned small businesses.
Visitors to these six privately owned casinos can enjoy a wide variety of table games and slots. In the case of MGM National, there are a total of 2167 slot machines and 201 table games. This casino reported the highest revenue of all, with a total of $67,421,209 last month, an increase of 12.9% over the same period in 2020.
This trend is not only being experienced in Maryland, but many casinos around the country are experiencing an upward movement in revenue as well. Thanks to the vaccination process and the pandemic fading away, people now have the freedom to go to casinos and enjoy themselves as they did in the past. This has helped the casino industry to get back to normalcy, some even reporting record revenues never seen in previous years.