Maryland Casinos Generate An All-Time High For Education Lockbox

Maryland’s casinos brought in more than $542 million to fund the education trust fund in the fiscal year 2019. That’s an all-time high. The proceeds for the education trust fund, known as the lockbox, increased $46 million compared to the last fiscal year, according to the state’s lottery and gaming agency’s annual report released Monday. The money is meant to go toward the educational reform efforts recommended by the Kirwan Commission. Gordon Medenica, the director of the state’s lottery and gaming agency, said the revenue stream from casinos is maturing. MGM Grand National Harbor contributed more than $277 million to the state. (WAMU)

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