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Hollywood Casino Perryville’s October take tops $11M

Hollywood Casino Perryville generated $11.4 million in revenue in October, its first full month of operation.

The casino, owned by Penn National Gaming Inc., kept one-third of the revenue, or $3.76 million. The rest went to state funds and dedicated accounts.

The Education Trust Fund received $5.5 million and the horse industry got nearly $800,000 for racing purses and $285,000 to improve tracks. Local governments were paid $626,000 and the state’s minority business program saw $171,000.

State slots regulators received $228,000.

As state and casino officials predicted, the frenzied pace at which gamblers pumped money into the 1,500 slot machines slowed in October. During the first four days of operation, the slots terminals averaged $346 revenue per day. Last month, they averaged $245, still well above the $210 per day the state expects the casino’s machines to generate once operations stabilize.

The October figures bring the casino’s total take to $13.47 million. The Perryville casino opened Sept. 27, and is the only slots parlor operating in Maryland.

Ocean Downs, a harness racing track on the Eastern Shore, is next in line with a projected opening date in mid-December. And the developer of what would be the state’s largest casino, Maryland Live!, was given permission by Anne Arundel County voters on Tuesday to move ahead with the project next to the Arundel Mills shopping mall.

Bids are due for the Rocky Gap gaming license next week, and the state is awaiting the outcome of a Board of Contract Appeals hearing before it would be able to reopen bidding for the Baltimore city license.

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