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.