This week’s casino news begins with revenue numbers from the state of Maryland. Gambling is alive and well in the Old Line State as they just produced their fourth-best month ever.
Maryland Casinos Register One Of Their Best Months Ever In August
The casino industry in the Terrapin state is absolutely thriving. The latest report suggests that Maryland casinos delivered record numbers in the month of August.
This week, revenue numbers were released and Maryland’s casinos registered its fourth-best monthly gaming revenue numbers ever. According to a recent report, the state’s six casinos reported their gaming revenue numbers at $154.3 million for the month of August, which is up 5.4% from that time a year ago. While Baltimore’s Horseshoe Casino struggled to catch onto the trend, the other five casinos absolutely thrived including the MGM National Harbor, which accounted for a ridiculous 40% of the state’s total gaming revenue numbers. In fact, the MGM National Harbor took in a total of $62.4 million, which is an increase of 7% from the same time a year ago.
The second-largest casino in Maryland, the Live! Casino & Hotel pulled in just over $53 million in gaming revenues. That number represents a 12.7% increase from the same time a year ago.
In terms of how the state is spending their gains, $63.3 million of the total gaming revenue generated in the state went towards various programs run by the Maryland government. That includes $47.4 million that was distributed to the Maryland Education Trust Fund. With gaming revenues soaring across the state, it will be interesting to see if that trend continues in September once the Maryland Lottery and Gaming division releases those numbers at the end of the month.
Bills Are The Latest NFL Team To Be Sponsored By Casino
The Buffalo Bills have joined a growing list of NFL teams that have a casino sponsorship deal in place.
The Bills, which are based out of Orchard Park, New York, reached an agreement with the tribal-owned Seneca Resorts and Casino on a new sponsorship deal. While news of the landmark deal quickly spread around the league, there could be a potential problem with the agreement based on the ongoing conflict between the Seneca native tribe and the state of New York. Still, team management has expressed the hope that by partnering up with a casino, the franchise has created an additional opportunity for fans to engage with the team.
Coast Casino Winner Takes Home $132,200 Off Parlay Bet
The American sports betting dream is alive and well.
A bettor that placed a $900 parlay at the Beau Rivage Resort & Casino in Biloxi cashed out big-time when his winning ticket paid out $132,200. The sportsbook patron, who had put big money down on an eight-team parlay, watched patiently as the four college teams and all five NFL teams that he had on his ticket delivered victories. Since parlays with big odds tend to deliver large payouts, it’s clear the fan was shooting for a big score when he put nearly a grand down on an eight-team ticket. In the end, it worked out for him as he cashed in big time with the win.