The Maryland Lottery and Gaming Control Agency helped to generate $1.589 billion in contributions to the state during fiscal 2023 from Lottery ticket sales, the state’s six casinos, sports wagering and daily fantasy sports.
During the year, the combined contribution to the state included $848.1 million from casinos; $714.3 million from the Lottery; $25.3 million from sports wagering; and an additional $1.2 million from daily fantasy sports. The Maryland Lottery and Gaming is the state’s fourth-largest source of revenue after income, sales and corporate taxes.
Lottery
The Lottery delivered the following performances in fiscal 2023:
• Sales of $2.764 billion, up 3.8% from fiscal 2022.
• Profit returned to the state of $714.3 million, up 6% from fiscal 2022.
• Prizes to players of $1.733 billion, an increase of 2.2% from fiscal 2022; the Lottery paid an average of $4.7 million per day in prizes.
• Retailer sales and cashing commissions of $219.9 million, up 8.3% from fiscal 2022; the average retailer commission was $50,000.
Lottery profits contribute to the Maryland General Fund, which provides budgets for a variety of vital state programs including schools, public health and safety services and environmental initiatives.
Casinos
The state’s six casinos generated the following figures in fiscal 2023:
• Revenue from slot machines and table games of $2.060 billion, up 2.9% from fiscal 2022.
• Contributions to the state of $848.1 million, up 1.9% from fiscal 2022.
• The contributions to the state included $622.7 million to the Education Trust Fund, up 1.8% from fiscal 2022.
• Local aid paid to the jurisdictions and communities where the casinos are located of $108.9 million, up 3% from fiscal 2022.
• Casino gaming revenue also contributed $92.1 million to Maryland’s horse racing industry and $19.9 million to a state fund for small, minority and women-owned businesses.
• Casinos pay annual assessments of $425 per slot machine and $500 per table game to the Problem Gambling Fund. In fiscal 2023, these assessments totaled nearly $4.5 million.
Sports wagering, daily fantasy sports
Maryland’s sports wagering market expanded during fiscal 2023, as mobile wagering launched on Nov. 23, 2022. The fiscal year began with five retail sports wagering locations and no mobile wagering. As of the end of fiscal 2023 on June 30, there were 10 retail locations and 10 mobile operators, and two more mobile operators have launched thus far in fiscal 2024. Additional retail locations and mobile platforms are expected to begin operating in the near future.
Contributions to the state from sports wagering in fiscal 2023 were $25.3 million, paid to the Blueprint for Maryland’s Future Fund, which supports public education programs. Maryland Lottery and Gaming projects that when the sports wagering market is fully launched, it will generate $25 million to $30 million a year in contributions to the Blueprint.
Sports wagering licensees pay 15% of their taxable win to the Blueprint. Nearly $2.9 billion was wagered, and prizes to players totaled more than $2.5 billion. Expired sports wagering prizes are paid to the Problem Gambling Fund and totaled nearly $2.1 million in fiscal 2023.
Maryland has 11 approved daily fantasy sports operators who also pay 15% of their revenue to the Blueprint. In fiscal 2023, these contributions totaled $1.2 million.