Close your eyes and imagine a world of sparkling lights, the thrill of the casino floor, and the promise of winning big. Live casinos in Maryland offer an exciting gambling experience, but who actually owns them?
This article will look at:
- Who owns live casinos in Maryland
- The licensing process
- The location of the casinos
- The revenues and taxes paid.
Key Takeaways
- The Maryland Lottery and Gaming Control Agency owns and regulates live casinos in Maryland.
- Ownership of live casinos in Maryland is determined by the state’s historical ownership regulations.
- A new law in 2011 made it easier for people to obtain a license for a live casino.
- The Live Casino in Maryland is conveniently located near major cities and offers a large facility with dining options and free entertainment.
Current Owner: Licensing
You may be wondering who owns live casinos in Maryland. The answer to this question is determined by the state’s historical ownership regulations.
Live casinos in Maryland are owned by the Maryland Lottery and Gaming Control Agency, which is overseen by the Governor’s Office of Crime Control and Prevention. This agency licenses and regulates all of the live casino operations in Maryland, ensuring that they are run in accordance with the law.
Historical Ownership Regulations
In Maryland, the ownership of live casinos has a long and complicated history. Gaming laws and changes in gambling trends have determined who can own these establishments.
As recently as 2011, a new law made it easier for people to obtain a license for a live casino. This law gave preferential treatment to those who already owned a license, while still allowing new owners to enter the market. Additionally, the law prohibited any one entity from owning more than one live casino in the state.
In 2018, a revised law was passed to further clarify the ownership regulations of live casinos in Maryland. This law also placed limits on the number of live casino licenses that can be issued in the state. Consequently, it has become much more difficult to obtain a license to own a live casino in Maryland.
About the Casino: Location
If you’re looking for a great casino experience in Maryland, you’ll be pleased to know that the Live Casino is conveniently located near major cities and boasts a large facility.
With its location close to Washington, D.C. and Baltimore, the Live Casino is easily accessible for day trips and weekend getaways.
The casino’s size is impressive, with over 200,000 square feet of gaming space ensuring you’ll never run out of fun things to do.
Location of Casino
Maryland is home to several live casinos. The state has two major casinos, the Hollywood Casino in Perryville and the Casino at Ocean Downs. Both of these properties offer a variety of table games, slots, and poker. Hollywood Casino is located in Cecil County and is the only casino in the state to offer live entertainment. The Casino at Ocean Downs is located in Worcester County and has over 800 slot machines and various table games. Both of these casinos offer a wide selection of dining options and free entertainment on select nights. Visitors can also take advantage of the casino’s hotel accommodations.
Whether you’re looking for an entertaining night out or just want to try your luck, Maryland has plenty of live casino options.
Proximity to Cities
Both Hollywood Casino and the Casino at Ocean Downs are conveniently located near major cities. Maryland’s two live casinos are located in Perryville, close to the Delaware border, and in Berlin, near the Atlantic coast. Here’s a list of the nearby cities:
- Perryville: close to Wilmington, Delaware
- Berlin: close to Ocean City, Maryland
Live streaming, game rules, and online gaming make it easy to enjoy the casino experience from anywhere. Both casinos offer a variety of slot machines and table games, as well as an array of dining and entertainment options.
Plus, they’re only a short drive away from major cities, so you can enjoy a day or night of gaming without having to travel too far.
Size of Facility
Hollywood Casino and the Casino at Ocean Downs are both quite large, offering plenty of gaming options and entertainment. The wide variety of games and amenities available at these establishments create an all-in-one gaming experience for visitors. A greatly-sized casino floor makes it easy for customers to find what they are looking for, while the attentive customer service team ensures that everyone is having a great time.
| Gaming Options | Amenities |
|---|---|
| Slots | Bars |
| Table Games | Hotels |
| Video Poker | Dining |
Current Revenues & Taxes
You can expect the revenues from Maryland’s live casino to be taxed. The state currently regulates and collects taxes from the live casino owners, as well as those who play online gambling.
The tax rate depends on the amount of money made through gambling activities. For example, those who make more than $10 million in online gambling profits are subject to a higher tax rate than those who make less than $2 million.
The state also collects taxes from the live casino owners on the profits they make. This is in addition to any gaming fees they pay to the state.
Additionally, the state collects taxes on the winnings of players at the live casino. This is done to ensure that all players are paying their fair share of taxes.
All of this revenue goes towards the state’s general fund, which is used to fund public services such as education and infrastructure.