Summertime casino revenue in Maryland appears predictable.
The state’s six casinos won $162.9 million in June. The revenue was relatively flat compared to June 2023.
Revenue was down just 0.5% year-over-year when those operators won an additional $802,798. However, month-over-month revenue was down just shy of 6% compared to May’s $173.15 million.
MGM leads the way in both slot machine and table game revenue
In May, MGM National Harbor won $42.6 million from slot machines and another $25.5 million from table games. The Washington, D.C. area casino reported $68.1 million in gross gaming revenue.
As usual, the MGM property held the largest market share. But it doesn’t typically earn the most in both casino verticals.
Live! Casino & Hotel usually reports the largest slot machine win, but the table game difference usually gives MGM the overall edge.
In June, Live! Casino won $42.5 million from its slot machines, just $100,000 less than MGM.
Cordish Cos. owns the Hanover-based casino. Cordish and Churchill Downs Inc., which owns Ocean Downs Casino, were the only two land-based casino operators that opposed Maryland online casino legislation earlier this year.
June Maryland casino revenue
| Casino | Slot Machine Revenue | Table Game Revenue | Total |
|---|---|---|---|
| MGM National Harbor | $42.6 Million | $25.5 Million | $68.1 Million |
| Live! Casino & Hotel | $42.5 Million | $17.9 Million | $60.4 MIllion |
| Horseshoe Baltimore | $10.1 Million | $4 Million | $14.1 Million |
| Hollywood Casino Perryville | $6.3 Million | $1.2 Million | $7.5 Million |
| Ocean Downs Casino | $7.5 Million | $638,964 | $8.1 Million |
| Rocky Gap Casino | $4.1 Million | $590,775 | $4.7 Million |
| Totals | $113.1 Million | $49.8 Million | $162.9 Million |
Most casinos see year-over-year drop in June revenue
While statewide revenue was relatively stable, individual operators saw much higher levels of volatility.
Four casinos saw year-over-year revenue declines. Two of them experienced double-digit dips.
Only Hollywood Casino and Live! Casino were the only properties with yearly growth. Hollywood experienced an 8.2% year-over-year increase while Live! Casino’s revenue grew 4.2%.
On the other hand, Horseshoe Casino Baltimore saw the state’s biggest drop of 11.5%. Rocky Gap Casino was the other double-digit loser at 10.3%.
Ocean Downs Casino dipped 6.3%, and MGM National Harbor was relatively unchanged, with a 1.3% decline.
According to the Maryland Lottery and Gaming Control Agency report, the six casinos paid the state $69.8 million in taxes. Most of that money, $50.4 million, went to the Education Trust Fund.
The rest was split between local jurisdictions, Maryland’s horse racing industry and small, minority-owned businesses.
