Maryland Lottery and Gaming generated over $1.5B for the state this fiscal year; casinos contribute $848M

Maryland Lottery and Gaming generated over $1.5B for the state this fiscal year; casinos contribute $848M

Article brief provided by WJZ-TV
  • WJZ-TV
August 14, 2023 9:13 PM

Maryland Lottery and Gaming said Monday it contributed over $1.5 billion to the state through the lottery, six casinos, sports wagering and fantasy sports in the Fiscal Year 2023.

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The revenue supports the state’s schools, public health, public safety and other state services. The agency said it is the state’s fourth-largest source of revenue after income, sales and corporate taxes.

The Lottery made $714 million for the state from $2.7 billion in sales, the agency said, up 3.8% from the last fiscal year. Lotto money goes to the Maryland General Fund, which supplies budgets for a litany of state programs.

Maryland’s six casinos raked in $848.1 million for the state from $2 billion in sales, up 2.9% from last year.