Maryland Casino Proceeds Support Small Businesses

MARYLAND – Year in and year out, casinos rake in a lot of dough. But where exactly is all that money going, and how is it benefiting the state?

“I really don’t have any idea – hopefully helping schools or something like that,” Michael Burke of Frederick, MD said.

A good chunk of change does go to Maryland’s Education Trust Fund, but 1.5 percent of proceeds from slot machines are also designated for small businesses in a Video Lottery Terminal Fund, also known as the VOLT fund.

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