Maryland’s slot casinos generate $103 million in taxes in first nine months

Maryland’s slot casinos generate $103 million in taxes in first nine months

In November 2008, voters in Maryland approved a referendum to allow the operation of slot casinos within the state. Under the terms of the licensing agreement, 67% of the profit from each slot machine goes to the state, with half that revenue going to an education trust fund.

By August 2010, two licenses were awarded by the Maryland Lottery Commission regulates the machines.  Maryland’s first slots casino, Hollywood Casino Perryville in Cecil county, began operating in September, 2010, with 1,500 machines. Maryland’s second slot-machine casino, the 750-machine Ocean Downs Racetrack, opened in January, 2011 in Worchester county.

Casinos at other three locations are projected to begin operating next year. A third slots operation is expected to open in Anne Arundel County and proposals are being drafted for facilities in Baltimore city and Rocky Gap.

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American Casino Guide