Saturday, November 26, 2022

Maryland’s six casinos report $171M revenue in April, the state’s fourth-best month on record | Yogonet International

Must Read

[ad_1]

As reported by the Maryland State Lottery and Gaming Control Agency, the state’s six casinos saw a total of $171 million in gaming revenue in April, up 5.3% from a year earlier and surpassing March, becoming the fourth-best month on record for casino gaming revenue. 

MGM National Harbor generated the most gaming revenue and saw the biggest year-over-year increase, raking in $71 million, up 13.1% compared to 2021’s numbers. Live! Casino & Hotel had $58.1 million in gaming revenue, an uptick of 1% year-over-year.

Gaming revenue at Horseshoe Casino was down 3.8% at $19 million. Among the state’s three smaller casinos, gambling revenue was modestly higher at Rocky Gap Casino, and lower at Hollywood Casino and Ocean Downs

Of the total, contributions to various state programs amounted to $71.8 million. The largest share of that goes to the state’s Education Trust Fund, collecting $52.2 million in April gaming revenue. 

Back in 2021, casino activity in Maryland was still not at its fullest, as MGM National Harbor and Baltimore’s Horseshoe casino were still operating at 50% capacity due to the COVID-19 pandemic. The remaining four casinos had lifted all capacity limitations by that time, though some slot machine and table game seats were blocked off for social distancing guidelines.

Maryland is currently working on launching its mobile sports betting market, although a date for the debut has not yet been defined, meaning a debut is likely still months away. In the meantime, enthusiasts will have to make do with retail betting, currently offered at five state casinos.



[ad_2]

Source link

Cryptoultimatum Crypto Trading Signal Service

LEAVE A REPLY

Please enter your comment!
Please enter your name here

I show You how To Make Huge Profits In A Short Time With Cryptos!
Trending
- Advertisement -

More Articles Like This