Tag: Maryland State Lottery

Slots revenues fall short of projections

In their first few months of operation, revenues at slots casinos in Perryville and Ocean Downs have fallen short of projections, but Maryland State Lottery Director Stephen Martino said that there are reasons, including the fact that the projections might not be accurate anymore.

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Lottery sales dip as ad budget dries up

Maryland State Lottery revenues have continued to grow despite major cutbacks to the agency’s advertising budget, but officials warned lawmakers Tuesday that the good times won’t last.

Gina Smith, the interim lottery director, said at a Senate budget hearing that she has seen a decline in lottery sales in recent weeks, a phenomenon she says is tied to this year’s $8 million drop in marketing cash.

“We’ve now reached the point where we’re running out of money and our spending is going to be much less throughout the rest of the fiscal year,” Smith said.

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