Maryland Casino Revenue Declines in February Though Daily Average Up

Maryland Casino Revenue Declines in February Though Daily Average Up
Fact Checked by Jim Tomlin

Maryland’s six casinos saw a small drop in revenue, as a group, in February compared to the same month a year ago. But the commercial facilities still combined for about $157.06 million in revenue and contributed almost $67 million to the state, which has now also had Maryland sports betting active since November.

Of the state’s six casinos, only Ocean Downs Casino in Worcester County, one of the state’s smallest options, posted a same-month, year-over-year revenue increase.

Looking at the statewide financial figures, the February revenue was down 3.6% from the same month in February 2022. The total represents a decrease of about $5.9 million compared to a year ago. As a result, the nearly $67 million paid to the state was also down 1.9% compared to February 2022.

Terms apply for all bonuses. Must be 21+ to participate.  
Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in MD. In Partnership with MGM National Harbor. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

Daily Average For Maryland Casinos

The exact figure of $157,055,925 was also down 6.1% from the $167.27 million in the Maryland January casino revenue report. Of course, February is the shortest month of the year so the daily average — about $5.61 million per day over 28 days in February compared to nearly $5.4 million average over 31 days in January — was actually higher in the second month of 2023 than the first.

Of the $67 million in casino contributions, almost $48.66 million went to the Education Trust Fund, according to Maryland Lottery and Gaming. The rest of the casino tax money supports the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry, and small, minority- and women-owned businesses.

The revenue breakdown by casino for February 2023: 

  • MGM National Harbor in Oxon Hill, $65.6 million, a decrease of 0.4% from February 2022.
  • Live! Casino & Hotel in Hanover, almost $55.7 million, a drop of 6.3% from the same month a year ago.
  • Horseshoe Casino in Baltimore, nearly $16.3 million, down 8.1%.
  • Hollywood Casino in Perryville, just over $7.3 million, a 7.2% dip.
  • Ocean Downs Casino in Berlin, almost $6.84 million, a 3.7% increase.
  • Rocky Gap Casino, $5.33 million, a 3.3% decline.

Maryland reports sports gambling revenue separate from casino revenues. The state has online Maryland sportsbook apps as well as retail wagering at five of the six casinos.

Terms apply for all bonuses. Must be 21+ to participate.  
Must be 21+ to participate. T&Cs apply.

New iGaming Proposal in Maryland

There is no Maryland online casino gambling, known as iGaming, though legislation has been proposed in the current session of the General Assembly to legalize wagering on such things as online slots, roulette, card games and so on.

Such legislation would have to be passed by both chambers of the legislature and be signed by the governor before it goes to the state’s voters in a referendum. The soonest such a referendum could be held is November 2024, making it unlikely Maryland could have online casino gambling until at least 2025 or even later.

In the meantime, online Maryland sports wagering is on the rise and the best Maryland sportsbook promo codes are found here at BetMaryland.

quote

Author

A longtime reporter and editor who began writing on casinos and gaming shortly after Atlantic City’s first gambling halls opened, Bill covered the World Series of Poker and wrote a syndicated column on travel to casino destinations for a decade.

Cited by leading media organizations, such as: