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Maryland gambling revenue sets new record

August 15th, 2022 by WCBC Radio

Maryland raised a record $1.5 billion for the state from gambling revenue in the last fiscal year, the lottery announced Monday. The new all-time state record includes money raised by the lottery, the state's six casinos, sports betting and fantasy sports wagering. The revenue for the last fiscal year beat the amount raised in the previous one by $120 million, the lottery said. Maryland's fiscal runs from July 1 to June 30. The lottery and casinos both contributed more than ever before to the state. Lottery profits totaled $673.7 million. Casinos contributed $832.3 million. The lottery's profits to the state in the last fiscal year beat the record set in the previous year by $6.3 million. Sales totaled almost $2.67 billion, an increase of $51.5 million, compared to the prior record set in fiscal year 2021. Scratch-off tickets have boosted the lottery’s growth in recent years.