Subscribe To Our Newsletter!
.svg){kind=small}
MD casino revenue remains strong after COVID-19 shutdown
In their second full month of operation at 50% capacity after having been shuttered because of COVID-19 restrictions, Maryland’s six casinos in August generated $149.54 million in gaming revenue, down only 3.1% from August 2019. Maryland Lottery and Gaming said it was the eighth-highest month for revenue since the casinos began operating.
Maryland’s racing industry receives revenue from gaming to support purses and racetrack improvements: 6% of video lottery terminal revenue at five casinos and 2.5% at the sixth goes toward purses, and 1% of VLT revenue at five casinos goes toward the Racetrack Facility Renewal Account.
In August, $5.48 million was paid to the Purse Dedication Account, with 80% ($4.38 million) for Thoroughbred racing. In July, Thoroughbred purses earned $4.26 million from VLTs.
Latest Posts
The entire Maryland racing community showed its true character today on the backstretch at Laurel Park when quick action from horsemen and officials saved the life of jockey agent Simon Purdy.
The Thoroughbred Horsemen’s Association (THA) will host an important Backstretch Workforce Topics Webinar on Monday, September 29 at 11:00 a.m. This timely session will focus on I-9 audits, legal risks, and workforce enforcement issues that directly affect employers in the racing industry.
