Maryland Reports Gambling Revenue for Fiscal Year - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Maryland Reports Gambling Revenue for Fiscal Year

Posted:
ANNAPOLIS, Md. (AP) - Maryland's lottery and four casinos made $849.2 million for the state in the last fiscal year, a 2.4 percent increase over the previous fiscal year, the agency that oversees gambling in Maryland reported Monday.
    
The increase comes as lottery sales dropped about 1.7 percent to $1.7 billion, contributing $521.1 million in revenue to the state's general fund. Stephen Martino, director of the Maryland Lottery and Gaming Control Agency, said the lower lottery sales are attributable to the growth in Maryland's casino industry.
    
"A reduction in traditional lottery revenue occurred last fiscal year, but that money combined with Education Trust Fund proceeds from casinos produced an overall increase in gaming revenue to the state," Martino said.
    
The four open casinos in the state generated $833.3 million in the last fiscal year, which ended June 30, with about $328.1 million going to the state's Education Trust Fund. That's an increase of $43.8 million from the previous fiscal year.
    
Maryland's casino industry is still developing. A fifth casino in the state, a $442-million Horseshoe Casino in Baltimore, is scheduled to open this month with 122,000 square feet of slot machines and table games like blackjack. MGM Resorts International is working on building a sixth casino at National Harbor in Prince George's County near the nation's capital. Work on grading at the site already has started, and the $925 million resort could open in 2016.
    
In addition to the money set aside for the state's Education Trust Fund, nearly $39 million in slot machine proceeds in the last fiscal year went to an account to increase Maryland horse racing purses. A separate account to renovate Maryland horse racing tracks received $9.5 million. Another $31 million went into a fund for local jurisdictions where the casinos are located, and $8.4 million was set aside for an account for small, minority and women-owned businesses. Another $11.6 million in slot machine proceeds went to pay operating costs for the lottery and gaming control agency.
    
The number of jobs at the four open casinos rose to about 4,000 in the last fiscal year, the lottery said.
  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Dover Officials Work to Identify Wastewater Pump Station Failure

    Dover Officials Work to Identify Wastewater Pump Station Failure

    Feb 19, 2018 11:42 PM2018-02-20 04:42:00 GMT
    Monday, February 19 2018 11:42 PM EST2018-02-20 04:42:48 GMT
    DOVER, Del. - All six pumps at the Dover Wastewater Pump Station 7 failed on Monday afternoon, according to city officials. Public Affairs and Emergency Services Coordinator Kay Sass says it's highly unusual that all six pumps would fail, but the city isMore
    All six pumps at the Dover Wastewater Pump Station 7 failed on Monday afternoon, according to city officials. More
  • A Foul Problem: Dover Wastewater Pump Station Shuts Down

    Dover Wastewater Pump Station Shuts Down

    Feb 19, 2018 10:35 PM2018-02-20 03:35:00 GMT
    Monday, February 19 2018 10:47 PM EST2018-02-20 03:47:38 GMT
    DOVER, Del. --- A wastewater pump station near U.S. Route 13 in Dover suddenly shut down on Monday afternoon, prompting round-the-clock work to bring the station back to working order. Dover spokeswoman Kay Sass said the Pump Station 7, located near the HMore
    DOVER, Del. --- A wastewater pump station near U.S. Route 13 in Dover suddenly shut down on Monday afternoon, prompting round-the-clock work to bring the station back to working order. Dover spokeswoman Kay Sass said the Pump Station 7, located near the HMore
  • Delaware Police Ask For Public's Help to Find a Wanted Sex Offender

    Delaware Police Ask For Public's Help to Find a Wanted Sex Offender

    Feb 19, 2018 9:25 PM2018-02-20 02:25:00 GMT
    Monday, February 19 2018 9:44 PM EST2018-02-20 02:44:10 GMT
    The Delaware State Police Sex Offender Apprehension and Registration Unit is currently asking for the public's help to find a wanted sex offender who failed to re-register.More
    The Delaware State Police Sex Offender Apprehension and Registration Unit is currently asking for the public's help to find a wanted sex offender who failed to re-register.More
  • Most Popular VideosMost Popular VideosMore>>

  • Police Search for Vandal Suspects Who Killed Fish

    Police Search for Vandal Suspects Who Killed Fish

    Police are investigating vandalism at Kitty's Flower Shop in Salisbury that occurred around 7:30 Thursday night. The store's outdoor pond was destroyed and several of the fish in that pond were killed.

    More

    Police are investigating vandalism at Kitty's Flower Shop in Salisbury that occurred around 7:30 Thursday night. The store's outdoor pond was destroyed and several of the fish in that pond were killed.

    More
  • Crisfield Reacts to Possible New Chesapeake Bridge Crossing

    Crisfield Reacts to Possible New Chesapeake Bridge Crossing

    A new crossing maybe on the horizon for one small town. Nearly thirty miles across the Chesapeake Bay lies Maryland's western shore. The state is spending $5 million on a study to find out where to put a third span across the bay.

    One option has that new bridge connecting to Crisfield, Maryland. It's something that younger people, like Markie Harrison, says may make her want to stay in town.

    More

    A new crossing maybe on the horizon for one small town. Nearly thirty miles across the Chesapeake Bay lies Maryland's western shore. The state is spending $5 million on a study to find out where to put a third span across the bay.

    One option has that new bridge connecting to Crisfield, Maryland. It's something that younger people, like Markie Harrison, says may make her want to stay in town.

    More
  • City of Dover Works to Figure Out Why All Six Wastewater Pumps Failed

    City of Dover Works to Figure Out Why All Six Wastewater Pumps Failed

    All six wastewater pumps for the City of Dover failed sometime in the afternoon. Now, crews are working through the night to implement temporary solutions. The cause of the failures is still unknown. The failures do not affect drinking water.

    More

    All six wastewater pumps for the City of Dover failed sometime in the afternoon. Now, crews are working through the night to implement temporary solutions. The cause of the failures is still unknown. The failures do not affect drinking water.

    More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices