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Record gaming revenue in May fuels Purse Dedication Account
Maryland’s six casinos set a single-month gaming revenue record of $172.39 million in May, the second time in three months a record has been set, and the number is reflected in a strong figure for the Purse Dedication Account that is funded by revenue from video lottery terminals.
The previous single-month revenue record of $169.17 million was set in March 2021, according to Maryland Lottery and Gaming statistics.
The PDA, 80% of which is dedicated to Thoroughbred racing, collected $6.90 million in May, up from $6.64 million in April and $6.58 million in March. The Thoroughbred share in May was $5.52 million, and thus far for calendar year 2021, $24.08 million has been generated for Thoroughbred racing.
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Live racing returns to the Maryland State Fairgrounds in Timonium for a seven-day meet beginning Friday, August 22, and running through Labor Day, Monday, September 1. The meet, known for its tight five-furlong oval and festive summer atmosphere, continues to be a popular and tradition-rich stop on the Maryland racing calendar.
Fair Hill is moving forward with its plan to offer Thoroughbred racing on its new turf course on Saturday, Aug. 30, and it will mark the first meet in six years at the Cecil County facility.
