Maryland Lottery and Casinos Contribute More Than $849.2 Million to the State in FY 2014
Total revenue contributions surpass previous year by 2.4%
Baltimore – The Maryland Lottery and Gaming Control Agency (MLGCA or Agency) today announced FY2014 sales and revenue. Together, traditional lottery and casinos sent $849.2 million to the state’s General Fund and Education Trust Fund, respectively, an increase of 2.4% from the previous fiscal year.
Traditional lottery sales dipped slightly from FY2013 with the agency generating $1.724 billion in sales, down 1.7% from $1.756 billion, and contributing $521.1 million in revenue to the state’s General Fund, down 4.45% from $545 million. “Lottery sales certainly have been impacted by the growth of Maryland’s casino industry,” MLGCA Director Stephen Martino said. “But we continue to innovate and modernize our traditional lottery brand so we can better compete for the public’s entertainment dollars. A reduction in traditional lottery revenue occurred last fiscal year, but that money combined with Education Trust Fund proceeds from casinos produced an overall increase in gaming revenue to the state.” Year-end highlights include:
- Traditional lottery sales: $1.724 billion;
- Traditional lottery revenue: $521.1 million;
- Commissions earned by retailers: $122.1 million;
- Prizes paid to players: more than $1.024 billion;
- Operational expenses: remained consistent at just 3.3% of total sales.
Mega Millions and Powerball, the Maryland Lottery’s multi-state jackpot games, registered a combined $206.3 million in sales. Combined sales for all Lottery jackpot games — Mega Millions, Powerball, Bonus Match 5 and Multi-Match — totaled $254.5 million. The Maryland Lottery’s monitor games, which include Keno and Racetrax, had combined sales of $466.2 million.
In other game sales figures, Pick 3 totaled $244.5 million, Pick 4 sales came in at $270.8, and 5 Card Cash brought in $8.4 million. The Lottery’s instant games, or scratch-offs, garnered $479.6 million in sales.
Casino gaming at the state’s four operating casinos generated $833,309,539 in revenue, with $328,094,739 sent to the state’s Education Trust Fund. Year-end highlights include:
- Contributions of $328.1 million to the Education Trust Fund (ETF), an increase of $43.8 million from FY2013. This fund supports early childhood education, public elementary and secondary education, public school construction and capital improvement projects in the state.
- In addition to the ETF contribution, FY2014 slot machine revenue benefited the following: Maryland Horse Racing Purse Dedication Account ($38.9 million), local impact grants ($30.8 million), Racetrack Facility Renewal Account ($9.5 million), MLGCA operating costs ($11.6 million) and Small, Minority & Women-Owned Businesses Account ($8.4 million).
- Employment at Maryland’s four casinos grew to approximately 4,000 in FY2014, with full-time employees benefiting from comprehensive healthcare and retirement investment options.
“The MLGCA staff and employees will continue to maximize revenue for the good causes of Maryland by promoting the responsible sale of lottery games and from the thorough, transparent regulation of casinos,” Martino said.
Since its inception in 1973, the Maryland Lottery has contributed more than $13.9 billion in revenue to the state of Maryland. Maryland’s casino program, which began in September 2010, has generated $1.74 billion million in revenue, with more than $786.5 million supporting education in the state. To keep Marylanders informed and maintain integrity and transparency in its regulation of the state’s casinos, the MLGCA posts monthly financial reports on casino revenue on its website, gaming.mdlottery.com. For more information on all Lottery products, promotions and news, go to mdlottery.com.