From the Maryland Lottery:
(Baltimore) – The Maryland Lottery today announced revenue numbers for the state’s three casinos — Hollywood Casino Perryville in Cecil County, Casino at Ocean Downs in Worcester County and Maryland Live Casino in Anne Arundel County. June 2012’s combined statewide revenue totaled $40,835,001.25. In a year-to-year comparison — excluding Maryland Live, which opened last month — June 2012 casino revenue decreased from June 2011 by $256,759.44 or 2 percent. Total fiscal year revenue for all Maryland casinos was $194,512,531.82, with $94,338,577.95 going to the state’s Education Trust Fund.
Hollywood Casino Perryville generated $7,957,873.33 in June, and its gross gaming revenue per machine per day was $176.84 for the month. In a year-to-year comparison, Hollywood Casino’s June 2012 revenue decreased by $864,465.86 from June 2011 or 9.8 percent. Hollywood Casino Perryville operates 1,500 machines.
The Casino at Ocean Downs generated $4,395,650.30 in June, and its gross gaming revenue per machine per day was $183.15. The Casino at Ocean Downs’ June 2012 revenue increased by $607,706.42 or 16 percent from June 2011. The Casino at Ocean Downs operates 800 machines.
Maryland Live Casino, which opened to the public on June 6, 2012, generated $28,481,477.62 in June, and its gross gaming revenue was $359.27 per day per machine. Maryland Live operates 3,171 machines.
See the table below for a detailed breakdown of June 2012’s fund disbursement, fiscal year-to-date totals for the individual casinos and combined state total.
The Maryland State Lottery Commission is responsible for all matters relating to regulation of the state’s casinos. In this regulatory role, the Maryland Lottery oversees all internal controls, auditing, security, surveillance, background investigation, licensing and accounting procedures for the facilities. To keep Marylanders informed and maintain integrity and transparency in its regulation of the state’s casinos, the Maryland Lottery posts monthly financial reports on slots revenue on its website, slots.mdlottery.com.
Now, do you still think a riverboat is going to generate revenues for the state? Maryland Live is in a more convenient location than Hollywood Casino. Population density and shorter drive time being signicant factors.
SSSUURRRE!!! A riverboat casino in Harford County is nostalgic and sounds nice. However, if, convincing is what you need take a ride down to Vicksburg Mississippi on a week night and visit their riverboat gambling facility. You may find 2 rollers sitting at a table there. They may be highly intoxicated from crying in their beer but, they are not high dollar rollers and winners.
It would be saturation of gambling in the area. You need a combination of other venues and entertainment to accompany and support the gambling.