The forced closure of Maryland’s six casinos last month to stop the spread of the novel coronavirus sliced revenue in March by nearly 60% compared to last year’s record-setting take.
The total gaming revenue for the six casinos was $68.65 million, a $94.6 million or 57.9% drop from the $163.3 million recorded by Maryland Lottery and Gaming for March last year.
The steep drop meant contributions to the state totaled $28 million, including $21 million for the Education Trust Fund.
Local communities and jurisdictions where the six casinos are located, as well as Maryland’s horse racing industry, will also see their share diminished.
Gov. Larry Hogan ordered the casinos closed on March 16, essentially shutting down an industry that draws thousands to the state each day and adds millions to its coffers. The pandemic has virtually shut down the tourism industry, devastating many restaurants, hotels and travel businesses associated with, or that rely on, a bustling casino industry.