Here’s who benefits from Maryland lottery profits

By Lejla Sarcevic | for Maryland Reporter

Players spend more than $1.5 billion a year on Maryland lottery tickets and get about $1 billion back in winnings — on average, a 50-cent return for every dollar they spend.

Here’s where the money they lose goes:

  • $20 million to pay off the Orioles and Ravens stadiums in Baltimore. Lottery revenue covers the debt service on Camden Yards, built for $205 million and opened in 1992 and M&T Bank Stadium, built for $229 million and opened six years after Camden Yards in 1998. Camden Yards is set to be paid off in December 2019 and M&T Bank Stadium in March of 2026.

at Maryland Reporter.

Rob Port is the editor of SayAnythingBlog.com, a columnist for the Forum News Service, and host of the Plain Talk Podcast which you can subscribe to by clicking here.

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