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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.
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Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
