Hollywood Casino Perryville generated another $9,790,341.87 in gross gaming revenue in January, the Maryland Lottery, which regulates the casino, reported last week. Of the total, $538,468.80 will be divided by Perryville and Cecil County.
The latest gross gaming revenue for the casino was slightly ahead of December's figure of $9,475,496.16, according to lottery agency figures.
Since the start of the fiscal year on July 1, 2011, the Perryville casino has generated $65,514,198.19 in gross gaming revenue.
Although the state doesn't report the total amount of money gambled, about 90 cents of every dollar played in the slot machines typically goes back to players in winnings. Using that measurement, in the neighborhood of $650 million has been gambled at the Perryville casino since the beginning of July 2011.
Of the fiscal year to date total, just over $3.6 million, 5.5 percent, went to Cecil County and the Town of Perryville as local impact grants.
Last October, Perryville's town board and the Cecil County Board of County Commissioners finally agreed that they would split the local casino share 35 percent to the town and 65 percent to the county. The agreement is for 15 years with renegotiation of a new agreement due to begin in 2024.
About $31.8 million of the revenue generated at the Perryville casino since July went to the state's education trust fund, while $21.6 million went to casino owner/operator Penn National Gaming, according to the latest report on casino revenue. Another $4.6 million went to race track purses, $1.6 million to race track improvements (diverted also to purse enhancements), $1.3 million to the lottery agency and almost $1 million to small and minority business development.
Perryville is one of two slots casinos operating in the state, and its revenue stream has been about three times that of the casino at the Ocean Downs harness race track in Worcester County. A casino is expected to open at Arundel Mills in Anne Arundel County this summer. Two others authorized for Baltimore City and Rocky Gap resort in western Maryland are still a long way from having operators approved by the state's licensing commission.
The Perryville casino opened in September 2010.Copyright © 2015, The Baltimore Sun