News From The Casino Scene

Maryland s casinos generated 38.6 % more revenue than previous year

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.

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