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Perryville casino generates another $12 million in revenue during March

Casino and Gambling Industry

Another $12 million in gross gaming revenue was generated by the Hollywood Casino Perryville's video gaming devices during March, the Maryland Lottery said Thursday.

In its monthly report on casino gaming activity, the Lottery said the state's two operating casinos, at Perryville and at Ocean Downs in Worcester County, produced $16,337,774 in gross revenue, with $12,258,413 coming from Hollywood Casino Perryville and $4,079,361 from Ocean Downs.

The Perryville casino has brought in revenue of $89.3 million since the beginning of the 2013 fiscal year last July 1, an average of almost $9 million a month. The casino also averaged about $9 million a month in revenue generated during its first 12 months of operation between late September 2010 and last September.

More telling, the average play at the Perryville casino's machines rose to $263.62 per day in March, a significant increase over a year earlier when the figure was hovering in the $210 per machine per day range. Ocean Downs' average play per machine was $164.49 in March.

The Lottery won't publish gross gambling figures for the casinos; however, on average, about between 88 and 90 cents of every dollar gambled is returned to players as winnings, with the remainder split between the state and the casino operators.

In 10 months of this fiscal year, the Perryville casino's operator, Penn National gaming, has received almost $25.5 million in revenue, while the state education trust fund has received $43.3 million from the play at Perryville.

Just shy of $5 million in revenue is available for Cecil County and the town of Perryville under their cost sharing agreement of what is termed local impact grants.

Perryville's casino has produced nearly $8.5 million in revenue for the state's horse racing industry for purse enhancement and track improvements this fiscal year.

Copyright © 2014, The Baltimore Sun
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