Maryland Casino Revenue Falls To $161 Million In August

Written By T.J. McBride on September 7, 2023
Maryland casino revenue shrunk in August.

Maryland casino revenue slipped to $161 million in August, which is down from the month prior and when compared to August of last year.

Maryland’s six casinos combined for over $174 million in July, but that slipped by 7.4% a month later. When looking at August 2022 compared to this year, revenue is down 4.7%. While this slide is not ideal, it is not a dramatic fall. The Maryland casino market is still strong.

Revenue is not the only figure to take a tumble in August. Casino contributions to the state also took a 3.9% dive compared to August 2022.

MGM National Harbor continues to lead the pack in Maryland casino revenue

There are six licensed casinos in Maryland:

  • Hollywood Casino Perryville in Cecil County
  • Horseshoe Casino Baltimore in Baltimore City
  • Live! Casino and Hotel in Anne Arundel County
  • MGM National Harbor in Prince George’s County
  • Ocean Downs Casino in Worchester County
  • Rocky Gap Casino Resort in Allegany County

As usual, MGM National Harbor led the way with more than $68 million in gaming revenue. Of that total, over $39 million came from its 2,301 slot machine games, with the remaining $29 million coming from its 209 table games. MGM National Harbor’s August revenue was 4.8% lower than in August 2022.

Coming up in second place for August was Live! Casino and Hotel, which generated over $55 million in gaming revenue. Live! generated more revenue from slot machine games than MGM National Harbor with $39.5 million, but that is because it has 40% more slot machine games with 3,853 in its casino. Where Live! falls short is at its table games, which generated just over $15.5 million through its 179 table games. Live! had its revenue fall by 3.1% compared to August 2022.

The distant third-place finisher for August goes to Horseshoe Casino, which racked up nearly $15.5 million in gaming revenue between its 866 slot machines and 19 table games. That is a drop of 10.6% compared to August 2022.

Here are how the other three casinos in Maryland fared in August:

  • Ocean Downs Casino with 866 slot machines and 19 table games generated over $10 million in revenue. Revenue fell by 4.5% compared to August 2022.
  • Hollywood Casino with its 671 slot machines and 19 table games generated over $7.1 million in revenue. Revenue fell by 1.2% compared to August 2022.
  • Rocky Gap Casino and its 621 slot machines and 16 table games generated nearly $5.4 million in revenue. Revenue fell by 6.9% compared to August 2022.

Over $68 million generated for Maryland in August from casino gambling

In total between slot machines and table games, Maryland received just over $68 million in August, which is a dip of 3.9% when compared to August 2022, a fall of over $2.7 million. Still, nearly $70 million being generated for the state is no small sum.

Over $41 million was added to the Education Trust Fund from slot machines alone. Another $16.3 million from slot machines went toward programs that support the communities where the casinos are located, Maryland horse racing tracks and businesses that are owned by women, minorities and small businesses of all kinds. Casino operators walked away with $51 million from slot machines after money for the state was accounted for.

Table games added another $7.8 million to the Education Trust Fund and $2.6 million to the local jurisdiction. That left 80% of table game revenue for the casino operator, which equated to $41.8 million.

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T.J. McBride

T.J. McBride is a writer and reporter based in Denver, Colorado who covers the Denver Nuggets as a beat writer. His byline can be found across many websites such as ESPN, FiveThirtyEight, Bleacher Report, and others.

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