The Maryland Lottery and Gaming Control Agency has recommended lowering the state’s revenue tax on slots, which is among the highest tax rates in the industry.
The revenue tax on Gaming and Leisure Properties’ Hollywood Casino in Perryville would drop 5 points to 56 percent, Caesars’ Horseshoe Baltimore would fall 3 points to 51 percent and Cordish Companies’ Live! would pay 2 points less at 49 percent.
The changes are based on the 2012 legislation that established the state’s sixth casino, MGM National Harbor, and allowed Maryland casinos to offer table games. That legislation also included a requirement that said Maryland gaming regulators must recommend slot tax reductions to the governor and the General Assembly by January 2019.
The tax rate will go into effect in July if the state legislature makes no changes to the recommendation. Table game taxes remain at 20 percent of revenue.
