Maryland casinos report revenue increase in February

Maryland casinos report revenue increase in February

Article brief provided by The Southern Maryland Chronicle
  • David M. Higgins II, The Southern Maryland Chronicle
March 6, 2024 3:47 PM
  • David M. Higgins II, The Southern Maryland Chronicle

Maryland’s casino sector marked a modest growth in February 2024, with the six privately owned casinos generating a combined revenue of $159.2 million from slot machines and table games, evidencing a 1.4% increase over the same period last year.

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The collective contributions from casino gaming to the state for February amounted to nearly $67.8 million, showcasing a 1.3% rise compared to February 2023. Specifically, the Education Trust Fund was the beneficiary of $48.9 million of this revenue, representing a 0.5% increase from the previous year. Beyond education, the generated revenue aids local communities, the Maryland horse racing industry, and several small, minority, and women-owned businesses.