ANNAPOLIS — Two Maryland casinos will keep a higher share of slot machine revenue when MGM National Harbor opens this week, in a deal state lawmakers made years ago to reduce their taxes once the added competition enters the market.
No one knows how Maryland’s gambling revenue will change once MGM opens, but lawmakers are hoping to collect more money overall for the state’s Education Trust Fund and other programs that benefit from this income.
Maryland Live in Anne Arundel County will increase its share of slot machine proceeds from 41 percent to 49 percent. Horseshoe Baltimore’s share will rise from 39 percent to 46 percent. They are the two Maryland casinos closest to MGM, which will get 44 percent of the slot machine revenue generated at National Harbor.