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Maryland Live lifts state’s June casino revenue to record $40.8M

The opening of Maryland’s largest casino accounted for the lion’s share of a record month for the state’s fledgling and embattled gambling program.

But June’s revenues — which jumped to $40.8 million from $14.55 million in May, a 180 percent increase — can be wholly attributed to the Maryland Live casino at Arundel Mills mall, as business was slashed month-over-month at the state’s two already-operating casinos in Perryville and Berlin.

Maryland Live generated $28.5 million in June, more than Hollywood Casino Perryville and The Casino at Ocean Downs ever combined to generate.

Perryville, as expected, was deeply affected by Maryland Live’s opening. Revenue at the state’s first casino, which has 1,500 slot machines, decreased more than 21 percent from May to June and 9.8 percent year-over-year.

The Casino at Ocean Downs also saw its revenue decrease from May to June, but the 800-slot facility on the Eastern Shore actually posted a 16 percent gain from June 2011.
Stephen L. Martino, director of the Maryland State Lottery Agency, previously said that Ocean Downs should be mostly insulated by the opening of casinos in Central Maryland.

Maryland Live, operating 3,171 slot machines, is already by far the state’s largest casino — and it will get bigger. Casino executives expect a full complement of 4,750 slot machines, the most allowed by law, to be operating by the fall.

Maryland’s casinos generated $194.5 million in fiscal 2011. About $94.3 million of that money was allocated to the Education Trust Fund.