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MD casinos, Purse Dedication Account have solid October
Maryland’s six casinos, operating at 50% capacity because of COVID-19 restrictions, generated $142.6 million in revenue in October, down only 0.9% from the same month a year ago, according to Maryland Lottery and Gaming.
The Purse Dedication Account—it earns 6% of video lottery terminal revenue at MGM National Harbor, Live! Casino & Hotel, Horseshoe Casino Baltimore, Hollywood Casino Perryville and Ocean Downs Casino, and 2.5% at Rocky Gap Casino is & Resort—collected $5.56 million ($4.45 million for Thoroughbred racing) in October. This is actually a 2.97% increase from revenue received in 2019.
The Racetrack Facility Renewal Account, which funds capital improvements, produced by $908,000 from its 1% VLT share.
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At its September open meeting, the Maryland Thoroughbred Horsemen’s Association (MTHA) Board of Directors reviewed the highly successful results of the $600,000 Owner and Developer Bonus Program and the dual-state bred stakes schedule offered this summer to Maryland-based connections during the Laurel Park racing break.
