- Published: Sunday, 11 July 2021 17:21
Maryland casinos generated $161.49 million in revenue in June, an increase of 13% from the same month in 2019, according to figures released by Maryland Lottery and Gaming.
Comparisons with 2019 are made because the state’s six casinos were closed for most of June 2020 due to COVID-19 restrictions.
The Purse Dedication Account, which earns 6% of revenue from video lottery terminals at all casinos, collected $6.28 million in June. The Thoroughbred share of 80% amounted to $5.02 million. That is up 12.8% from June 2019, when the Thoroughbred share of the PDA was $4.45 million.
Through the first six months of 2021, $36.39 million ($29.11 million for Thoroughbred racing) has been deposited in the PDA, up 9.1% from the same period in 2019.
In June, just over $1 million was transferred to the Racetrack Facility Renewal Account, which gets 1% of VLT revenue. The funds have been used for capital improvements and now are part of the funding mechanism for the broader Racing and Community Development Act of 2020, which allows for the rebuild of Laurel Park and Pimlico Race Course.
Five of the six casinos posted increases in revenue in June 2021. The top three were Casino Ocean Downs (29%), Hollywood Casino Perryville (21.2%) and Live! Casino & Hotel (19.4%).