Maryland could take a $250 million hit because its revenue from casinos and lottery games has plummeted due to the coronavirus, lottery and gaming director Gordon Medenica said Thursday.
Medenica also said state casinos “are working on incredibly detailed procedures” for reopening, although no date has been set. The six casinos were ordered closed on March 16 as part of a series of mandates by Gov. Larry Hogan to curb the spread of coronavirus.
Casino and lottery money is important to Maryland’s budget. Revenue from the two sources amounted to $1.3 billion for the state during the fiscal year ending last June 30. Casinos generated the largest chunk — $717.5 million, according to the state.
But the forecasts look very different this fiscal year.
Click here to be the rest of the article written by Jeff Barker over at The Baltimore Sun