MA Still High on Hollywood Casino Opening
Saturday, October 30th, 2010Maryland is still on a high thanks to its Hollywood Casino opening. The casino brought in the thousands it was hoped to serve, and then some. Gamers from all over chose to get in on the fun and found that the slots at the casino were top notch and a lot of fun for them. There were even a few big winners since the opening of the casino in Perryville. So far crowds have continued to gather at the casino and wager. In just four days of initial operations the casino managed to bring in about $2 million. That is huge news for legislators who pushed for gambling to be brought in, and those who didn’t. Regardless of what side they were on, the change is a huge asset for the community. If this is a sign of what is to come, they could be sitting pretty on revenues of anywhere from $40 to $60 million per month, part of which would go directly to the state.
Part of their big draw was that people left the casino with great things to say. There were 1,500 slot machines for them to enjoy and on average, every slot handed out about $350. That is a huge return and most people who wagered for any length of time were able to win some money—a great feeling at any casino. The state’s legislators were ecstatic too. They know that the casino is going to be highly lucrative for them. Taking their tax revenue cut of a $40-$60 million revenue stream every month is no small change. That money is already being earmarked for various public works programs and education. The state was forced to cut back on education programs in the past and now can reinstitute them. This great news for residents who want more options for their children and anyone going back to further their education. If the state can continue to flourish with Hollywood Casino, it can eventually rebuild itslef and its market to what it was pre- recession, or even better. Overall this is one of the best action plans gambling has taken in the US market. Hopefully other states will see the same long-lasting success with their own gambling plans.

