Maryland casino report shows extent of Covid-19's toll on industry

Maryland casino report shows extent of Covid-19's toll on industry

Revenue for Maryland’s casino industry fell by more than a quarter last fiscal year as the novel coronavirus swept through the state, shuttering gambling facilities including Baltimore’s Horseshoe Casino.

State gaming and lottery officials on Monday offered a first look at the impact of the virus on Maryland’s six casinos as well as their recovery, which began last month after three months of closures prompted by Covid-19.

Casino revenue for fiscal 2020 totaled $1.3 billion, down 27.3% compared to the nearly $1.8 billion generated in fiscal 2019. The fiscal year spanned July 2019 to June 2020 — a time period encompassing the mandated closures that began March 16 to help slow the spread of the virus.

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