Maryland Casinos Generate $750m In Revenue For 2013

admin, January 9, 2014 1:41 pm

Maryland Casinos Generate $750m In Revenue For 2013The Maryland Lottery and Gaming Control Agency has released its casino figures for December, revealing a 44% increase in revenue to $65 million, compared to $45.2 million for the same month in 2012.
Helping Maryland’s results along was the introduction of live table games in April, as well as the opening of the Rocky Gap casino on May 22, 2013. However, excluding Rocky Gap Casino Resort, Maryland’s three other casinos consisting of Maryland Live, Hollywood Casino Perryville and Casino at Ocean Downs, actually generated 38% more revenue last month than they did in December 2012.
Leading the way in terms of growth was the state’s biggest gaming venue, Maryland Live, whose 4,341 slot machines and 174 table games, generated $52.5 million in revenue, up 46% from December 2012. The Arundel Mills based casino also accounted for around 80% of Maryland’s  gambling revenue for the month.
Next, Hollywood Casino Perryville, generated about $6.5 million from its 1,158 slot machines and 22 table games, a 9% improvement from December 2012; while revenue at Ocean Downs climbed by 1.6% to about $3.4 million in December. Finally, Rocky Gap Casino Resort, with 558 slot machines and 13 table games, generated $2.6 million for the month.
For 2013 as a whole, Maryland’s four casinos raked in around $750 million in gaming revenue, $586 million of which was generated by the state’s largest casino Maryland Live. Commenting on the casino’s impressive performance, Maryland Live’s president Rob Norton, said: “We’re very pleased with our performance. The addition of live action tables and poker has been very exciting for the property from an experience and revenue standpoint, while slots showed steady growth through the year, even with the addition of tables.”
In total, Maryland collected a total of $415 million in state taxes throughout the year, with $315 million of that sum going towards the Education Trust Fund.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
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
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
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
New Jersey iGaming Market Posts Second-Highest Month in April
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