Maryland Lottery and Gaming generated over US$1.5B for the state this fiscal year
Tuesday 15 de August 2023 / 12:00
2 minutos de lectura
(Baltimore).- Maryland Lottery and Gaming said Monday it contributed over $1.5 billion to the state through the lottery, six casinos, sports wagering and fantasy sports in the Fiscal Year 2023.
The revenue supports the state's schools, public health, public safety and other state services. The agency said it is the state's fourth-largest source of revenue after income, sales and corporate taxes.
The Lottery made $714 million for the state from $2.7 billion in sales, the agency said, up 3.8% from the last fiscal year. Lotto money goes to the Maryland General Fund, which supplies budgets for a litany of state programs.
Maryland's six casinos raked in $848.1 million for the state from $2 billion in sales, up 2.9% from last year.
Casino revenue supports the Education Trust Fund, small minority-owned businesses, and the jurisdictions the casinos are based. The education fund got $622.7 million, up 1.8% from last year.
Sports wagering and fantasy sports contributions are also directed to education programs, with $25.3 million paid to the Blueprint for Maryland's Future Fund, which supports public education programs.
The commission estimates that when the sports wagering program is fully built out, it will contribute about $30 million a year.
The fiscal year began in July 2022 with five retail sports wagering locations and no mobile wagering, but by the end of the fiscal year there were 10 retail locations and 10 mobile operators. Mobile wagering launched in November 2022.
"The Maryland Lottery launched in 1973 with the mission to generate revenue for the state's good causes," said Maryland Lottery and Gaming Director John Martin. "As we've been celebrating our 50th anniversary this year, we've also been navigating a gaming landscape that is continually evolving, most recently with the addition of sports wagering. But as we adapt to new responsibilities, we're always mindful of that core mission, and we're proud to do our part."
Categoría:Lottery
Tags: Sin tags
País: United States
Región: North America
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

