Maryland’s casinos generated 38.6 % more revenue than previous year

While the MGM National Harbor remains the casino revenue king, Maryland’s casinos are generating more gaming revenue for the state. All the six casinos generated around $134.5 million in revenue in September which is 38.6 percent more from previous years. MGM National Harbor alone accounted for $49.4 million.

There is no year-over-year comparison for MGM National Harbor but it appears to be the revenue driver for the state’s casino industry. MGM National Harbor opened in December. However, excluding MGM National Harbor’s September numbers, the gaming revenue from the state’s other five casinos was down by 12.3 percent from last year. Maryland Live! Casino at Arundel Mills brought in $46.9 million in September which is down by 12.9 percent from last year. Gaming Revenue at Baltimore’s Horseshoe Casino was down by 22.1 percent from last September, at $21 million.

On the other hand, gaming revenue from the state’s other three smaller casinos posted gains. Casino at Ocean Downs contributed $6.6 million, up. 12.1 percent. Hollywood Casino Perryville brought in $5.9 million, up 0.1 percent. Rocky Gap Casino Resort generated $4.7 million, up 6.1 percent.

The gaming revenue will be used to support the Maryland Education Trust Fund, local impact grants, the state’s horse racing industry and the Maryland General Fund.

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

3 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

3 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

3 weeks ago

Will FUN Token be on solid ground in iGaming?

FreeBitco.in, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

4 weeks ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago