Maryland Casino Revenue Rebounds Slightly from Last Month

Maryland Casino Revenue Rebounds Slightly from Last Month
Fact Checked by Pat McLoone

Maryland casino revenue in October increased from the previous month, but had a substantial drop compared to the same month in 2022. Maryland’s six casinos reported more than $159.8 million in revenue in October 2023, an increase of about 3% over September (almost $155.1 million).

However, compared to October 2022, the most recent October had a 24.9% drop in revenue, or about $53.1 million. It’s noteworthy that the October 2022 figure set a single-month revenue record in Maryland ($212.9 million), which was driven by unusually high volume, according to the state.

Casino gaming contributions to the state in October were almost $67.26 million, a decrease of $12.71 million, or about 15.9%, compared to October 2022. Maryland online casinos are not yet legal.

Of the casino tax contribution, almost $48.5 million went to education with the rest going to the communities and jurisdictions where the casinos are located, the state’s horse racing industry, and toward small, minority- and women-owned businesses.

How Each Maryland Casino Fared

Among the state’s individual casinos, MGM National Harbor enjoyed the most revenue in October but also accounted for a substantial proportion of the overall same-month, year-over-year drop in revenue. MGM National Harbor’s October 2023 revenues were $67.3 million, a decrease of more than $47.72 million, or 41.5%, from October 2022.

As usual, Live! Casino & Hotel was No. 2 in total revenue but with a more modest decline in a same-month, year-over-year comparison. The October 2022 revenue at Live! was almost $57.79 million, a decrease of about $1.88 million, or 3.1%, from October 2022.

Here’s how the other casinos fared for revenue in October 2023:

  • Horseshoe Casino, more than $14.87 million, a decrease of about $2.56 million, or 14.7%, from October 2022.
  • Ocean Downs Casino, about $8.23 million, an increase of $207,344 (2.6%) from October 2022.
  • Hollywood Casino Perryville, about $6,71 million, a decrease of $830,890, or 11.0%, from October 2022.
  • Rocky Gap Casino, about $4.92 million, a decrease of $323,466, or 6.2%, from October 2022.

The revenue report on Maryland sports betting is expected Friday or early next week.



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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