Maryland’s 2024 fiscal year began on July 1, and through four months, the casinos have seen a cooling in play and subsequent win. State gaming revenue from July through October totaled $650.6 million. That’s a 10% drop from fiscal year 2023, when the casinos won over $723 million during the four-month period.<\/p>\n
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Economic pressures, primarily inflation and reduced consumer purchasing power are likely to blame, as many Americans are tightening their belts and reducing entertainment and leisure spending. The nation’s unemployment rate has climbed from 3.5% in July to 3.9% last month.<\/p>\n<\/div>\n
The US Labor Department’s Consumer Price Index (CPI) rose 0.6% in August and 0.4% in September. The CPI measures the average change over time in the prices consumers pay for basic goods and services. The index is up 3.7% from a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"
Maryland casinos won $159.8 million in October 2023, a 25% year-over-year tumble.<\/p>\n","protected":false},"author":25,"featured_media":297577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,86432],"tags":[82400,81989,84148,82124,82460,84966,82180,83599],"acf":[],"yoast_head":"\n
Maryland Gaming Revenue Drops 25 Percent in October<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n