Maryland Casino Revenue Rises 6% in February Over January

Maryland Casino Revenue Rises 6% in February Over January

By Jim Tomlin

The six commercial casinos in Maryland had a revenue increase of 6% in February compared to January. The comparison to 12 months earlier was even better news for the state.

The casinos recorded $162,965,304 of revenue in February, a 6% increase from the $153.75 million in January.

That figure was also a 29.1% increase from the $126.2 million in February 2021 in a year-over-year comparison. A year ago, casinos were still operating under restrictions related to stemming the spread of COVID-19.

For the fiscal year to date (beginning in July 2021) Maryland is well ahead of the previous year’s pace. The state has recorded $1.32 billion in revenue for the 2021-22 fiscal year, according to Maryland Lottery and Gaming, compared to $1.08 billion through the first eight months of the 2020-21 fiscal year.

Breakdown of Maryland Casino Revenue

All six commercial casinos in Maryland recorded a significant increase in revenue compared to 12 months earlier. Five of the six had increases of more than 20%.

There are no real money online casino options available in Maryland.

MGM National Harbor in Oxon Hill led the state with $65.8 million in revenue for February, an increase of $15 million from one year earlier. MGM has the most operating table games in Maryland with 204 and is second in slot machines with 2,126.

Live! Casino & Hotel in Hanover was second with $59.4 million last month. That facility has the most slots (3,717) and second-most table games (187) in the state.

Horseshoe Casino Baltimore was third in Maryland for February revenue with $17.7 million, followed by Hollywood Casino Perryville ($7.87 million), Ocean Downs Casino in Berlin ($6.59 million) and Rocky Gap Casino Resort in Flintstone ($5.51 million).

Maryland Sports Betting Update

The Maryland sports betting market is fully underway with retail options.

Mobile sports betting is another matter.

There are eight retail sportsbooks approved to operate in Maryland, including ones at five commercial casinos. The Sports Wagering Application Review Commission (SWARC) is scheduled to meet March 16 to consider a bid by Bingo World in Anne Arundel County to become the ninth. The state Lottery & Gaming Commission already approved Bingo World.

The five retail sportsbooks currently taking bets in the state reported a combined $32.5 million in handle for February, with $3.129 million in revenue. February was the second full month for retail sports betting in Maryland, which launched on Dec. 9.

State officials are aiming for a fall launch for mobile sports betting, perhaps in time for the 2022 NFL season, which is the most popular betting option throughout the country.

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WRITTEN BY
BetMaryland.com
Jim Tomlin
Jim Tomlin has nearly 30 years of experience in journalism, having worked at such publications as the Tampa Bay Times, FanRag, Saturdays Down South and Saturday Tradition. He is a contributing writer and editor for BetMaryland.com.
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Jim Tomlin has nearly 30 years of experience in journalism, having worked at such publications as the Tampa Bay Times, FanRag, Saturdays Down South and Saturday Tradition. He is a contributing writer and editor for BetMaryland.com.
... Read More