BALTIMORE (WJZ) — With five casinos in the state and one more on the way, the casinos’ numbers are looking better than ever. Tracey Leong explains why.
This past August, Maryland casinos generated more than 100 million dollars in revenue– almost a four percent spike from last year.
Maryland is home to five booming casinos: Horseshoe Casino in Baltimore, Hollywood Casino in Perryville, Ocean Downs Casino near Ocean City, and Maryland Live Casino in Anne Arundel County.
The casinos netted a combined $100.3 million dollars. This is the fourth time since the casinos opened in 2010, that revenue was more than $100 million.
And now, with one of them now expanding, that’s an even bigger boost for our state.
“Casinos are getting into a rhythm now, I think they’re doing well with their marketing and figuring out a balance, and that coupled with the summer months has been good for the program overall,” Carole Bober Gentry, with Maryland Lottery and Gaming.
Casinos are betting on Maryland, with a sixth casino, The MGM National Harbor, opening this fall. Additionally, Maryland Live is building onto its success, with a multi-million-dollar hotel connected to their casino.
“400 new jobs are coming and we are partnering with Anne Arundel Community College and the Workforce Development to make sure we have people ready and willing to go,” said a Maryland Live spokesperson.
More attractions could mean more visitors to Maryland, providing a major economic boost.
Casinos’ contributions go to the Maryland education trust fund as well as other small businesses.
Maryland Live breaks ground for their hotel on Tuesday.