Maryland revenues ended up being about $200 million above projections for the last fiscal year, a top state budget analyst said Friday.
With the summer in full swing, Maryland’s casinos learn if they’re hitting the jackpot or going for broke.
New figures show revenue continues to drop at downtown Baltimore’s new casino in the aftermath of April’s riot.
The latest numbers are in for Maryland casinos.
It’s a disappointing end to the year for Maryland’s casinos. With revenues down, the portion that goes to local communities has also shrunk.
Maryland’s casinos generated $85.6 million in December, down from last month’s revenues.
Maryland’s five casinos raked in more than $86 million last month, but that figure is down by 3 percent from the same month last year.
The automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
Maryland was the only state in the Mid-Atlantic region that saw casino revenues increase significantly between 2012 and 2013, and the trend has continued into 2014.
Maryland officials have revised the state’s revenue estimates downward by about $405 million for fiscal year 2015 and 2016.
Data from AAA Mid-Atlantic show red light cameras are raising big money for local governments.
Baltimore Mayor Stephanie Rawlings-Blake plans to announce a proposal to sell four city-owned parking garages to generate cash for urgent priorities and infrastructure.