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The Maryland Lottery and Gaming has released the financial results for the gaming income collected in the state in July. Slot machine and table game revenue at the six casinos in the state totaled $169.8 million. This amount shows a $4.5 million drop in comparison to the previous year. Nevertheless, these figures surpass the previous month’s revenue of $162.9 million in June.
In July 2024, the state received contributions from the casino industry totaling slightly under $72.2 million, indicating a 1.4% decrease over the same month the previous year.
Maryland’s six privately owned casinos, all featuring slot machines and table games, reported revenue drops in July. MGM National Harbor, located in Prince George’s County, topped the list with nearly $72 million in revenue. Despite this, it still experienced a slight 0.2% year-over-year decrease.
Live! Casino & Hotel in Anne Arundel County followed with $62.6 million in revenue, marking a similar small decline compared to the same period last year. Horseshoe Casino Baltimore encountered the most significant drop among the six casinos, with a 16.9% decrease, resulting in $13.3 million in revenue for July 2024.
Ocean Downs Casino generated $9.6 million in revenue, reflecting a $460,000 year-over-year decrease. Hollywood Casino’s revenue fell by 2.8%, bringing in just under $7.3 million for July 2024. Rocky Gap Casino also saw a decline of 13.4% from July 2023, with revenue slightly exceeding $5 million.
The contributions to the Education Trust Fund from casino gaming in July 2024 were $52 million, a decrease of 1.4% compared to July 2023. Beyond supporting education, casino gaming revenues also aid the communities and jurisdictions hosting the casinos, Maryland’s horse racing industry, and small, minority-, and women-owned businesses.
Maryland’s casino industry faces challenges, as reflected in these financial results. However, the revenue generated continues to play a crucial role in supporting various state programs and local initiatives.