Maryland Casino Revenue Exceeds $169M in May But Declines From 2022

Maryland Casino Revenue Exceeds $169M in May But Declines From 2022
Fact Checked by Jim Tomlin

Maryland casino revenues dipped in May, comparatively speaking, as the state’s six casinos mostly saw percentage decreases, both collectively and individually, from the same month in 2022. The numbers were also a decline from the April Maryland casino revenue report.

For May, the Maryland casino industry had a little more than $169.4 million in revenue. That was a decrease of about $9.366 million, or 5.2%, from May 2022.

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Calendar Quirk Might Be a Factor

However, it should be noted that a quirk in the calendar may have something to do with the same-month, year-over-year comparison. May 2022 benefitted from having five full weekends while May 2023 had just four full weekends.

Taxes paid to the state for May 2023 were more than $70.8 million (a decrease of 3.6% from May 2022) with almost $51.5 million of the tax total going toward education. Casino gaming contributions also go toward other purposes including Maryland’s horse racing industry. Gambing taxes also help support communities and jurisdictions where the casinos are located, and small, minority- and women-owned businesses.

The May revenues also trailed April 2023 when the six casinos generated $174.74 million in revenue from slots and tables games. Last month’s figure was a 3.1% drop from that. However, April also had five full weekends and that figure was the sixth-best single-month gaming revenue total since casino-style gambling debuted in Maryland in 2010.

There are no Maryland online casinos. Only six states have slots, table games and the like available through legal, regulated mobile casino (or iGaming) operators: West Virginia, Delaware, New Jersey, Connecticut, Michigan and Pennsylvania.

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May Revenue Breakdown at Maryland Casinos

Here’s the revenue rundown for how the state’s six casinos fared in May 2023:

  • MGM National Harbor in Prince George’s County, $71.72 million, a decrease of about $4.25 million (-5.6%) from May 2022.
  • Live! Casino & Hotel in Anne Arundel County, more than $58.93 million in May 2023, a decrease of about $3.79 million (-6.0%) from May 2022.
  • Horseshoe Casino Baltimore, about $17.52 million in May 2023, a decrease of $165,293 (-0.9%) from May 2022.
  • Ocean Downs Casino in Worchester County, a little more than $8.4 million in May 2023, a decrease of $106,092 (-1.2%) from May 2022.
  • Hollywood Casino Perryville in Cecil County, a little more than $7.6 million in May 2023, a decrease of $610,975 (-7.4%) from May 2022.
  • Rocky Gap Casino in Allegany County, almost $5.23 million in May 2023, a decrease of $443,937 (-7.8%) from May 2022.

The casino revenues above are for slot machine and table game play only and don’t include revenues from sports gambling. Maryland sports betting figures are often reported on the 10th of the month or shortly thereafter depending on how weekends and holidays fall.

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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.

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