- Published: Tuesday, 08 December 2020 20:34
Revenue generated at Maryland casinos, including the share that goes to the Purse Dedication Account, was down in November compared with the numbers recorded in November 2019, according to statistics from Maryland Lottery and Gaming.
The six casinos produced $130.37 million in revenue in November, down 7.4% from $140.83 million for the same month a year ago. When casinos resumed operations the third week of June after a three-month COVID-19 shutdown, they were permitted to operate at 50% capacity. Because of further restrictions in the city, Horseshoe Baltimore has been operating at 25% for more than a month.
The PDA, funded by 6% of video lottery terminal revenue at five casinos and 2.5% at the sixth facility, accrued $4.89 million in November, down 10.9% from $5.49 million in November 2019. Thoroughbred racing receives 80% of the PDA—$4.39 million in November. Through the first 11 months of the year, the Thoroughbred PDA has earned almost $30 million.
For the most part since the casinos reopened, revenue has been solid given the reduction in capacity due to COVID-19 restrictions. For November, two casinos registered gains in revenue year over year: MGM National Harbor at 2.6% and Hollywood Casino Perryville at 1.6%.