Maryland Casinos Up 10% To $76m In July

Maryland Casinos Up 10% To $76m In JulyThe Maryland Lottery and Gaming Control Agency has released its casino results for July, revealing an impressive 9.7% increase in revenues to $76 million compared to the $69.27 million generated in same month of last year.
Of the state’s four casinos, Maryland Live continues to dwarf the rest of the market with its 4,222 slot machines and 189 table games, and in July its revenues totaled $58.2 million equal to 76% of the Free State’s total revenues. Maryland Live’s July revenue was also 11% higher than that reported for July of 2013.
Next, Hollywood Casino Perryville with its 1,158 slot machines and 22 table games recorded a 0.1% drop in revenue to $7.5 million in July; Casino at Ocean Downs with 800 slot machines was up by 4.6% to $6.1 million; while the Rocky Gap Casino Resort with 577 slot machines and 17 table games was up by almost 20% at $4.2 million.
Since legalizing its casino industry in 2008, Maryland’s gambling revenues have been on an upward trajectory and in fiscal year 2014 so far the Education Trust Fund has received nearly $270 million in gambling taxes.
Maryland’s casino market will expand even further soon, when the brand new $442 million Horseshoe Casino is slated to open in downtown Baltimore on August 26th, complete with 100 table games and 2500 slots.
It’s not all good news for Maryland’s gambling industry, however, as in fiscal 2013 the State lottery saw its revenues fall for the first time in 16 years to $1.7 billion, or 2% down from the previous year, with another drop expected this year. Furthermore, Maryland General Assembly budget analysis has little doubt as to the cause of the decline, namely that it is due to “increased competition from casinos,” backing up a claim made by another state report which claimed to find a “direct correlation” between declining instant ticket sales and the proximity of a retailer to a casino.
As one slot machine player called Tom told the marylandreporter, recently: “I bought lottery tickets because I wanted to win money, and it was easy. But when [Maryland Live!] opened, I could win money just as easily on a slot machine, and I could also get free drinks and hang out with friends. So all the money I spent on lottery tickets, I started spending at the casino.”

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this