BALTIMORE (WJZ) — Maryland casinos are cashing in, as last month’s combined revenue is up compared to the same time last year.
Marcus Washington has more.
When it comes to Maryland casinos, the playing table was hot during the month of June. All five casinos combined saw a 2.1% increase from June 2015, a combined total of nearly $93.4 million.
“This money goes to the education trust fund—that’s the largest percentage goes to the education trust fund. Of course, it also goes to small, minority and women-owned businesses, it goes to the horse racing industry and it goes to local impact grants,” said Carole Bober Gentry, Maryland Lottery & Gaming.
When you add the total month revenue from the four lower grossing casinos—Hollywood, Horseshoe, Ocean Downs and Rocky Gap—the combined gross is still nearly $14 million, lower than the $53 million Maryland Live generated from both table games and slot machines.
“This place stays crowded all the time,” said Maryland Live visitor Verila Push. “Never a dull moment.”
That business is also making way for a new hotel connected to Maryland Live casino that will open—bringing with it some good news.
“So 400 new jobs are coming and we’re partnering with Anne Arundel Community College and the workforce development to make sure we have people ready and willing to go when we have this hotel open,” said Rob Norton, Maryland Live casino.
Big business at Maryland casinos means big business for the state and that’s a win everyone is cashing in on.
To break down that 2.1% combined increase, that’s a little more than $1.9 million.