Maryland's three casinos generated about $44.3 million in January, with a a majority -- $36 million -- coming from Maryland Live in Anne Arundel County.
Casinos keep only 33 percent of their revenues, with the state doling out the rest to accounts set aside for causes ranging from an education trust fund (49.25 percent) to a fund for small, minority and women-owned businesses (1.5 percent.)
Maryland Lived, owned by the Baltimore-based Cordish Cos., has dominated the casino market since opening in June. It has now produced revenues of nearly $240 million during the fiscal year.
Hollywood Casino, owned by Penn National and located in Perryville, continues to suffer. Its revenue in January decreased 44 percent compared to last year, to $5.5 million.
Ocean Downs, outside of Ocean City, has not seen such steep declines. Slot revenues for its 800 machines were down just 6.5 percent to about $3 million.
Maryland Live, with 4,750 terminals, and Hollywood, with about 1,500, are preparing to add table games in the coming months. Maryland voters passed expanded gambling in November, which will also allow the construction of a casino in Prince George's County and lower the amount of gaming revenues the facilities will turn over to the state.Copyright © 2015, The Baltimore Sun