Maryland casinos are off to an encouraging start in 2023, with January gaming revenue climbing almost 9% over last year.
According to the Maryland Lottery & Gaming Control Agency, the state’s six casinos generated $167.3 million last month from slot machines and table games. This comes as an 8.8% year-over-year rise in revenue from January 2022’s $153.8 million, suggesting increased Maryland casino interest from gamblers state-wide.
This revenue rise is also good news for state coffers. Taxes collected from the reported January casino revenue exceeded $70.7 million, up more than 13% from the same month in 2022. More than $51.4 million of the monthly gambling taxes will go toward the state Education Trust Fund.
Breaking down January’s Maryland casino revenue report
MGM National Harbor in Prince George’s County was the top-performing Maryland casino in January. The MGM Resorts International property generated $72.2 million from slots and tables. According to the MLGCA data, that figure represents a Y-o-Y increase of nearly 8%.
Live! Casino & Hotel Maryland reported $58.2 million in revenue last month — a 6.6% uptick from 2022.
Meanwhile, two of Maryland’s smaller casinos posted the largest Y-o-Y percentage gains.
Ocean Downs Casino in Berlin saw gaming revenue increase 41% in January ‘23 over January ‘22. The casino reported $7 million last month.
Rocky Gap Casino Resort, located in the northwestern corner of the state near the Pennsylvania border, reported a modest $5 million in revenue last month. That figure represents a 17% Y-o-Y increase.
Caesars Entertainment’s Horseshoe Casino Baltimore reported $17.6 million, up 9.1%. Hollywood Casino Perryville generated $7 million and a 6.5% increase over last year.
Maryland casinos ahead of last year’s pace
Slot machines are responsible for the majority of Maryland casino gambling revenue. In January, the six casinos generated more than $122.5 million from slot machines.
Table games revenue reported by Maryland casinos in January was just over $54.7 million, according to state gaming regulators.
Maryland’s fiscal year runs from July 1 through June 30. For the current fiscal year, Maryland casinos have reported more than $1.2 billion in gambling revenue. Over the same period in the prior fiscal year, casinos reported $1.1 billion in revenue.
In-person and online Maryland sports betting revenues are separate from the monthly casino reports and are expected to release in the coming days.