Maryland Casino Revenue Up in December as 2022 Total Exceeds $2 Billion

Maryland Casino Revenue Up in December as 2022 Total Exceeds $2 Billion
Fact Checked by Jim Tomlin

Maryland casino revenue was almost $165.18 million in December, an increase from November, but a drop from the same month in 2021.

Revenues for the state’s six physical casinos – five of which also accept Maryland sports betting  – increased 1.1% from November ($163.37 million) and were down 4.5% from December 2021 when revenues hit $172.90 million.

Visit BetMGM.com for T&Cs. Must be 21+. MD Only. New Customer Offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets. Bonus bets expire 7 days from issuance. Please play responsibly. For help visit mdgamblinghelp.org or call 1-800-GAMBLER. In Partnership with MGM National Harbor.

Revenue Hits $2 Billion for Calendar Year

The 2022 total for casino revenue in the Old Line State was about $2.051 billion, up 6.7% from $1.922 billion in the 2021 calendar year.

Of that, about $1.328 billion came via Video Lottery Terminals (VLTs) and about $723.4 million derived from table games.

Over the course of 2022, the high-water mark was in the October Maryland casino revenue report, when the figure soared to $212.92 million, a new state record. 

The casino gaming contribution to the state for December was almost $69.69 million, a 2% decrease from December 2021.

The majority of the casino tax money goes to the Education Trust Fund (almost $50.66 million in December) with the rest going to support the communities and jurisdictions where the casinos are located; Maryland’s horse racing industry, and small, minority- and women-owned businesses.

Maryland Sports Betting Numbers Due Soon

Those businesses were also a focus for the launch of online Maryland sports betting apps, which began accepting wagers on Nov. 23. December was the first full month for mobile sportsbooks in the state; those numbers should be reported next week.

Among individual casinos, MGM National Harbor in Oxon Hill and Live! Casino & Hotel in Hanover were the market leaders, as usual.

Maryland December Casino Revenue Breakdown

Two casinos increased their numbers in a year-over-year comparison, per numbers from Maryland Lottery and GamingHollywood Casino Perryville recorded $7,301,853 in revenue in the final month of 2022, a 1.5% from December 2021. And Ocean Downs Casino in Berlin rose to $7,202,656, which was 7.3% higher than 12 months earlier.

Other December revenues for each casino were: MGM National, $69,371,972, down 6.9% from December 2021; Live! Casino & Hotel, $59,665,153, a decrease of 4.4%; Horseshoe Casino Baltimore, $16,809,892, a 1.4% drop, and Rocky Gap Casino in Flintstone, $4,823,573, a 3.7% decline.

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:

Scroll to top