The Horseshoe Casino Baltimore said Wednesday that it has paid the city $22.8 million in taxes, lease payments and local impact grant funding in its second year of operation, up 13 percent from the previous year.
The casino has contributed more than $42 million in city taxes and impact grants since it opened.
The casino said its contributions to the city during its second year of operation, once payments for August are finalized, will include $13.5 million in city property tax and lease payments, and $9.3 million in local impact grants.
Roughly 5.5 percent of slots revenue from Maryland casinos goes to the state to disburse as local impact grants to support development projects in the neighborhoods surrounding each casino. A local development council identifies projects to receive funding.
Click here to read the rest of the article written by Sarah Gantz over at the Baltimore Sun