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Tuesday, April 30, 2013

Casinos Reap Benefits As Maryland Lottery Revenues Drop

The Maryland Lottery is losing ground thanks largely to the rise of casino gambling in the Free State.

Lottery revenue in fiscal 2013 totaled about $435 million as of April 14, according to a report from lottery Director Stephen Martino. That's less than the $442 million in revenue at the same point last year.

Total sales, according to the report, are down nearly $29 million -- from $1.41 billion as of April 14 last fiscal year to $1.38 billion this year. Revenue from Keno games, which lottery officials said are more similar to slots and casino games than more standard lottery tickets, are down more than $5.9 million over the same period.

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3 comments:

  1. Didn't o'taxie tout this as helping MD increase money????

    ReplyDelete
  2. Of course the casinos are reaping the benefits. They are O'Malley's campaign donors, comrades in arms. It is the REASON why gambling was legalized here in Maryland when Marylanders voted against it.

    O'Malley is a crook - wake up Maryland. Wake the hell up!

    ReplyDelete
  3. Where does all this gambling money go?????

    O'Malley wants to run for president? That will be a joke. He has ruined Maryland and wants to run our country. Whatever is left when obama is done , O'Malley would finish up I am sure.

    NO MALLEY

    ReplyDelete

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