No gambling means no gaming revenue for Maryland casinos and that means no contributions from casinos to Maryland state coffers.
And it is adding up.
With Maryland’s fiscal year coming to a close at the end of June, total gaming revenue at the states six casinos for the fiscal year is down $372.5 million. Casino contributions to the state are down nearly $149 million from the 2019 fiscal year.
The largest share of casino contributions to Maryland goes to the state’s Education Trust Fund, which has seen contributions fall 22.5% because of the coronavirus casino shutdowns.
Through the first 11 months of fiscal 2020, Maryland’s casinos have generated a total of $1.235 billion in gaming revenue, down 23% from the same period last fiscal year.