Maryland’s gaming landscape witnessed a marginal year-on-year decline in June, with the state’s six casinos collectively generating $163.7 million in gaming revenue, marking a 0.6% decrease compared to the same period in 2022. The Maryland Lottery and Gaming Commission’s latest report highlighted key insights into individual casino performances, with MGM National Harbor leading the pack.
Casino Revenue Breakdown:
MGM National Harbor emerged as the frontrunner, contributing $69 million to the overall gaming revenue in June.
Live! Casino & Hotel followed closely, generating $57.9 million, while Horseshoe Casino contributed $15.9 million.
Other notable contributions came from Ocean Downs Casino ($8.6 million), Hollywood Casino ($6.9 million), and Rocky Gap Casino ($5 million).
Performance Trends:
The 0.6% decline in gaming revenue mirrored a trend of slight decreases across all Maryland casinos, indicating a stable but competitive gaming market.
Notably, all six casinos reported revenue decreases in May, suggesting a consistent trend.
Contributions to State Funding:
Despite the marginal dip in gaming revenue, Maryland’s casinos continued to make significant contributions to the state’s finances.
In May, casino gaming contributions amounted to $69.4 million, reflecting a 1.6% increase compared to the same period in the previous year.
Over $50 million from casino revenues were allocated to Maryland’s Education Trust Fund (ETF), emphasizing the vital role of the gaming industry in supporting public initiatives.
Leading Performers:
MGM National Harbor’s consistent position as the top revenue generator underscores its significance in Maryland’s gaming landscape.
Live! Casino & Hotel’s robust performance solidifies its standing as a key player, contributing significantly to the state’s gaming revenue.
While Maryland’s casinos experienced a marginal dip in gaming revenue in June, the industry’s overall stability and continued contributions to state funding, particularly for education, demonstrate the resilience and importance of the gaming sector in Maryland. The individual performances of leading casinos like MGM National Harbor and Live! Casino & Hotel showcase the competitive yet collaborative nature of the state’s gaming market.