Marylands gaming establishments generated a substantial $143.8 million during September 2018, reflecting a robust 6.9% rise against the corresponding period in 2017. This revenue surge, amounting to $9.2 million, underscores the escalating appeal and financial success of casino gaming within the state.
The lavish MGM National Harbor, nestled in Prince George’s County, maintained its position as Marylands leading revenue generator, amassing a remarkable $54.4 million, a 10.3% leap from the prior year. Concurrently, Ocean City Casino witnessed the most pronounced expansion, registering a 13.9% increase and attaining $7.5 million in earnings.
Nevertheless, not every casino partook in this triumph. Rocky Gap Casino Resort and Horseshoe Casino Baltimore experienced minor revenue declines, underscoring the fiercely competitive landscape of the sector.
Significantly, this casino bonanza extended beyond corporate profits. A considerable portion of the revenue, specifically $59.5 million, flowed directly back to the state coffers, with $44.6 million earmarked for the Education Trust Fund. The remaining funds were channeled towards supporting the communities accommodating these casinos and reinforcing Marylands equine racing industry.