Gambling in maryland and beyond what to know
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Gambling in Maryland and Beyond: What to Know. Dr. James Karmel Harford Community College [email protected] November 2013. Macau casinos. Indian casinos in California. Foxwoods Resort, Connecticut; Pequot-owned Indian casino. Maryland Casinos.

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Gambling in Maryland and Beyond: What to Know

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Gambling in maryland and beyond what to know

Gambling in Maryland and Beyond: What to Know

Dr. James Karmel

Harford Community College

[email protected]

November 2013


Gambling in maryland and beyond what to know

Macau casinos

Indian casinos in California


Gambling in maryland and beyond what to know

Foxwoods Resort, Connecticut; Pequot-owned Indian casino


Maryland casinos

Maryland Casinos

  • 1943-1968: legalized slots operated in five southern MD counties

  • 2007 - Maryland Assembly sets VLT tax is set at 67%, 2nd highest in US

  • 2008 – MD voters approve five casinos (VLTs only)

  • 2012 – Maryland Assembly lowers VLT tax for casinos, adds table games at 20% tax

  • 2012- MD voters approve addition of table games & 6th casino in state

  • 2013- Maryland Live! (at Arundel Mills Mall) becomes most lucrative casino in mid-Atlantic market (MD, DE, PA, NJ)

  • 2014-2016: Maryland will reach voter-approved threshold of six casinos around state


Gambling in maryland and beyond what to know

2008, 2012: Maryland voters approve six casinos & table games

Anne Arundel County

Rocky Gap State Park

Cecil County

Baltimore City

Prince George’s County

Worcester County (Ocean City area)


Gambling in maryland and beyond what to know

live chicken tic-tac-toe-

Mt. Airy Casino (2009)


Gambling in maryland and beyond what to know

Robert Hannum, “Casino Mathematics”

http://gaming.unlv.edu/casinomath.html, accessed 13 Nov. 2013


Theo theoretical loss average bet x hours played x decisions per hour x house advantage

THEO (Theoretical Loss)=average bet X hours played X decisions per hour X house advantage


Theo example for average blackjack player

THEO example for average blackjack player


Gambling in maryland and beyond what to know

Forum Shops, Caesar’s Palace, Las Vegas


Gambling in maryland and beyond what to know

Installing security cameras at Maryland Live!


Gambling in maryland and beyond what to know

Keith Taft & his wearable Blackjack computer from the 1970s


Gambling in maryland and beyond what to know

online gambling


Gambling in maryland and beyond what to know1

Gambling in Maryland and Beyond: What to Know

Dr. James Karmel

Harford Community College

[email protected]

November 2013


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