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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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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.
