The Maryland coffers received a record revenue from the now legalized casinos, lotteries and sports betting, which amounted to 1,589 million dollars in fiscal year 2023. That figure is 3.5% more than what was collected the previous year State authorities reported.
Those funds raised from the games go to various state programs, the largest of which is the Blueprint for Maryland's Future Fund, which supports important public education programs.
In a report filed Monday, it was disclosed that during the state's fiscal year, which ended June 30, the combined contribution from the game included:
- $848.1 million from casinos;
- $714.3 million from the Maryland Lottery;
- $25.3 million from sports betting; and
- $1.2 million of daily fantasy sports.
Gambling is a major source of income for Maryland. It is the fourth largest revenue stream in the state behind income, sales and business taxes.
The Maryland Lottery was the state's first bet on gaming when it launched in 1973. The first of the state's six casinos, Hollywood Casino in Perryville, opened in 2008 with slot machines. Table games for casinos were approved in 2012.
The first sportsbooks began to open at the end of 2021. Mobile sportsbooks launched in November 2022.
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