In October, Maryland booked record monthly casino revenue and mobile sports wagering, adding approximately $59 million to the State’s education funds.
Maryland Lottery and Gaming reported a single-month revenue record of $213 million from the state’s six casinos in October. The total represents an increase of $57,943,124 (37.4 percent) compared to October 2021 and beat the previous single-month record of $181.5 million set in July 2022 by $31.4 million (17.3%).
Of the $213 million, the State received almost $80 million in revenue — an increase of $11,040,704 (16 percent) compared to the previous year’s October 2021 revenue. Of the $80 million in October, over $58 million went to the Education Trust Fund (ETF). According to the report:
Contributions to the Education Trust Fund (ETF) in October 2022 were $58,327,385, an increase of $8,287,389 (16.6%) compared to September 2021. Casino gaming revenues also support the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry, and small, minority- and women-owned businesses.
Additionally, sports wagering reported nearly $40 million in revenue in October. Maryland’s eight sports wagering facilities combined contributed $781,642 from that revenue to the Blueprint for Maryland’s Future Fund, which supports public education programs.