October Record Casino, Mobile Sports Betting Books Millions for Education

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.

Read the October 2022 casino revenue report.

Read the October 2022 sports wagering revenue report.

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