Maryland Lottery and Casinos Contribute $1.012 Billion to the State in Fiscal Year 2015
By PRESS OFFICER
Baltimore—Maryland Lottery and Gaming today announced that FY2015 traditional lottery sales and casino revenues contributed $1.012 billion to the State of Maryland—$525 million from the lottery and $487 million from casinos. The total is an increase of 19.1 % from FY2014 and marks the first time that combined lottery and casino contributions to the state exceeded $1 billion. Maryland Lottery and Gaming is the fourth-largest contributor to the state after income, sales and corporate taxes.
Overall lottery sales stood at $1.762 billion, an increase of $38.5 million (2.2 %) year over year. Sales of instant tickets (scratch-offs) set an all-time record of $546.1 million, an increase of $66.4 million (13.9%) over FY2014.
“The $38.5 million increase in lottery sales, along with record sales of scratch-off tickets, are indications that traditional lottery products are poised for continued growth,” said Maryland Lottery and Gaming Director Gordon Medenica. “The coming year will bring many new opportunities, from the expansion of traditional lottery games to the opening of the state’s sixth casino.”
“Surpassing the $1 billion mark in total contributions to the state is a significant milestone for Maryland Lottery and Gaming,” said Gov. Larry Hogan. “The lottery continues to be a revenue generator for the state, and the presence of the casinos has created thousands of jobs, boosted local economies and added significant new funding for education.”
There were 4,563 businesses which served as Maryland Lottery retailers in FY2015, earning $128.6 million in commissions, an increase of $6.5 million (5.3%) over FY2014. Prizes paid to lottery players totaled $1.049 billion, an increase of $25.7 million (2.5%) over FY2014. Operating expenses remained consistent at just 3.3 % of total sales.
The growth of the state’s casino gaming industry continued during FY2015, highlighted by the August 2014 opening of Horseshoe Casino Baltimore. Maryland’s five casinos generated $1.038 billion in revenue, a $204.2 million (24.5%) increase over FY2014. Year-end highlights include:
Casino revenue contributed $387.7 million to the Maryland Education Trust Fund (ETF), an increase of $59.3 million (18.1 %) from FY2014. This fund supports early childhood education, public elementary and secondary education, public school construction and capital improvement projects.
In addition to the ETF contribution, FY2015 casino revenue was divided among the following: Maryland’s horse racing industry ($53.1 million); local impact grants ($36.4 million); Maryland Lottery and Gaming operating costs ($11.9 million); and small-, minority- and women-owned businesses ($9.9 million).
Maryland’s five casinos added nearly 2,000 jobs in FY2015, increasing the total number of employees to approximately 5,900. Full-time employees were offered comprehensive healthcare and retirement investment options.
Since its inception in 1973, Maryland Lottery and Gaming has contributed more than $14.4 billion to the State of Maryland and paid more than $22.2 billion in prizes to players. The casino program, which began in September 2010, has generated nearly $2.78 billion in revenue, with more than $1.14 billion going to the Education Trust Fund. The state’s sixth casino, MGM National Harbor is scheduled to open later in 2016 in Prince George’s County. Details by game and by casino are available on the attached FY2015 review.
To keep Marylanders informed and maintain integrity and transparency in its regulation of the state’s casinos, Maryland Lottery and Gaming posts monthly financial reports on casino revenue on its website, gaming.mdlottery.com. For more information on all Lottery products, promotions and news, go to mdlottery.com.
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