In a remarkable performance, Maryland’s six casinos have reported a new milestone in gaming revenue for the month of April. The state recorded a total of $174.7 million in gaming revenue, marking a 2.3% increase compared to the same period in the previous year. MGM National Harbor emerged as the leader in this revenue surge.
April Gaming Revenue in Maryland:
Maryland’s gaming industry continued its upward trajectory in April, with the state’s six casinos achieving a record gaming revenue of $174.7 million. This figure represents a significant year-on-year increase of 2.3%, underlining the industry’s resilience and sustained growth.
Leading Casinos in Maryland:
MGM National Harbor: This prominent casino took the lead in April, reporting $75.4 million in gaming revenue. Impressively, MGM National Harbor experienced the highest growth in revenue among all Maryland casinos, with a remarkable 7% increase compared to the same period last year.
Live! Casino & Hotel: Another major player in the state, Live! Casino & Hotel, generated $62 million in gaming revenue during April.
Horseshoe Casino: Despite its prominence, Horseshoe Casino reported a decrease in revenue, with $16.4 million, representing a 13.2% decline compared to the previous year.
Ocean Downs Casino: Ocean Downs Casino contributed $7.9 million in gaming revenue.
Hollywood Casino: The casino reported $7.4 million in revenue for April.
Rocky Gap Casino: Rocky Gap Casino generated $5.3 million in gaming revenue.
Contributions to the State:
Maryland’s casino industry plays a crucial role in contributing to the state’s finances. In April, casinos collectively contributed $72.3 million, reflecting an increase of 0.7% compared to the same month in the previous year. These contributions support various state initiatives and programs, with over $52.6 million allocated to Maryland’s Education Trust Fund (ETF). This funding aids in improving and sustaining educational services throughout the state.
The state of Maryland’s casino industry demonstrated robust growth in April, with a record-breaking $174.7 million in gaming revenue. MGM National Harbor led the way with impressive revenue growth, even as the overall industry reported a 2.3% year-on-year increase. These figures underscore the strength and resilience of the state’s gaming sector, contributing significantly to Maryland’s finances and the Education Trust Fund.