Jon Sham//June 6, 2011
//June 6, 2011
Revenue from Maryland’s two slots casinos was slightly down in May for the first time in several months.
Click on the slot machine lever below to reveal how much of May’s revenue from the Hollywood Casino Perryville and Casino at Ocean Downs will go to the seven designated agencies and accounts.
Each month, we will update the interactive with current figures provided by the Maryland Lottery.
Here’s more on those seven agencies and accounts getting slots revenue:
Maryland Education Trust Fund: The bulk of the revenue (48.5 percent to 51 percent) goes to K-12 public school construction and community college and higher education building projects.
Casino share: The slots operators gets up to 33 percent of the revenue.
Horseracing purse account: 7 percent of the revenue is used to boost the winnings paid to horse owners at Maryland tracks, and support breeders in the state.
Local impact grants: Local governments home to slots parlors get 5.5 percent of the revenue generated. Some of that money also goes to communities neighboring Pimlico in Baltimore City and Rosecroft Raceway in Prince George’s County.
Racetrack facility renewal account: This fund for track upgrades gets 2.5 percent of the revenue.
Maryland Lottery: The state agency gets 2 percent of the revenue to cover its slots-related administrative costs.
Small, minority- and women-owned businesses: This money is set aside for business investment in these kinds of firms, with 1.5 percent of the revenue going to this fund.