Subscribe To Our Newsletter!
.svg){kind=small}
Record gaming revenue in May fuels Purse Dedication Account
Maryland’s six casinos set a single-month gaming revenue record of $172.39 million in May, the second time in three months a record has been set, and the number is reflected in a strong figure for the Purse Dedication Account that is funded by revenue from video lottery terminals.
The previous single-month revenue record of $169.17 million was set in March 2021, according to Maryland Lottery and Gaming statistics.
The PDA, 80% of which is dedicated to Thoroughbred racing, collected $6.90 million in May, up from $6.64 million in April and $6.58 million in March. The Thoroughbred share in May was $5.52 million, and thus far for calendar year 2021, $24.08 million has been generated for Thoroughbred racing.
Latest Posts
At its September 9 open Board meeting, the Maryland Thoroughbred Horsemen’s Association (MTHA) Board of Directors voted unanimously to increase the purse allocation for finishers from 6th place through last in overnight races. The payout, which had been fixed at $300 since April 2022, will now rise to $500, effective immediately.
Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
