As reported by the Maryland Lottery and Gaming Control Commission, the state’s six casinos contributed $67m of these revenues in tax, which in itself is up $13.5m compared to the same month last year.
One of the largest beneficiaries of the tax money generated by the casinos of Maryland is the Education Trust Fund, which received $49m as a result of November’s revenues.
Of the total revenue pot, 79% came from the two best-performing casinos in the state. The MGM National Habor in Oxon Hill and Live! Casino & Hotel in Hanover accounted for $126m, with the two casinos reporting year-on-year increases of 23% and 29% respectively.
The remaining four casinos also saw their revenues increase compared with November 2020, when they were operating under restrictions due to the Covid-19 pandemic. Horseshoe Casino ($15.7m) saw a 3% increase; Hollywood Casino ($7.1m) reported a 20% increase; Ocean Downs Casino ($6.6m) saw a 30% jump, while Rocky Gap Casino ($4.9m) reported a rise of 30%.
On a regulatory front, the casinos are geared up for the introduction of retail sports betting, which will go live in Maryland on December 10. The move to introduce sports betting, which was legalised in May of this year, has moved slower in the state of Maryland than in most of the States.
Five of the six casinos have received preliminary approval to launch sportsbooks, while Rocky Gap Casino is still awaiting the go-ahead.
