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Maryland Lottery, Casinos and Sports Wagering Contribute Record-Breaking $1.511 Billion to the State in FY2022

Maryland Lottery and Gaming shattered records on all fronts in Fiscal Year 2022, generating an all-time high of $1.511 billion in contributions to support the state’s good causes. The new record for contributions to the state, which includes funds from the Lottery, casino gaming, sports wagering and fantasy competitions (daily fantasy sports), beat the prior mark set last year by $120 million. Maryland’s fiscal year runs from July 1 through June 30. The Lottery and the casinos each contributed more than ever before to the state, with Lottery profits totaling $673.7 million and casino contributions of $832.3 million. The combined figure of $1.506 billion from the Lottery and casinos surpassed the $1.391 billion generated in FY21. Meanwhile, the launch of sports wagering and revenue from fantasy competitions added another $5.6 million to that already record-breaking sum. “We are immensely proud to be a vital source of funding for programs and services that Marylanders depend on every day,” said Maryland Lottery and Gaming Director John Martin. “We’re in the entertainment business, but we never lose sight of the role we play and our place in the community.” Maryland Lottery and Gaming is Maryland’s fourth-largest source of revenue after income, sales and […]

The post Maryland Lottery, Casinos and Sports Wagering Contribute Record-Breaking $1.511 Billion to the State in FY2022 appeared first on Southern Maryland News Net.

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