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Casino revenue more than estimates for fiscal year

Friday - 7/5/2013, 12:39pm  ET

BRIAN WITTE
Associated Press

ANNAPOLIS, Md. (AP) -- Maryland's casinos have exceeded revenue estimates for the recently ended fiscal year.

The Maryland Lottery announced Friday that the state's four operating casinos generated gross revenue of $608.4 million in fiscal year 2013, which ended June 30.

That is 14 percent -- or $76.8 million -- more than the state's Board of Revenue Estimates had projected for the fiscal year.

The board had estimated $531.5 million would be generated in the fiscal year, with $498.3 million coming from slot machines and $33.2 million from table games like blackjack.

The casinos ended up generating $560.3 million in slot machine revenue and about $48 million in table games.

Of the gross revenue, $284.3 million is set aside for the state's education trust fund. The casino operators receive about $223.8 million.


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