State writes down forecast for slots revenues
The new, lower figures are sure to be used in the upcoming session by groups interested in either adding table games to the menu of gaming options in Maryland and expanding gambling to new locations. Additions could include gaming at Rosecroft Raceway or National Harbor in Prince George's County or Frederick County where Sen. David Brinkley recently held a public hearing airing the idea.
In the forecast (p. 18), state budget analysts from Maryland's Department of Legislative Services revise an earlier prediction that revenues at the slots parlors in Cecil County and at Ocean Downs would "ramp up" over time. Now the revenues are expected remain flat.
The new estimate takes a $56 million chunk out of the state's roughly $13 billion general fund budget for this year. Baltimore city's casino, when it gets up and running, is still expected to be the state's second most lucrative, generating $336 million a year in taxes.