Maryland Casino Revenue Up in June Compared to 2021 but Down From May

Maryland Casino Revenue Up in June Compared to 2021 but Down From May
By Bill Ordine
Fact Checked by Jim Tomlin

Maryland’s casino gaming revenue saw a month-to-month decline in June, but a same-month, year-over-year increase, as the state reported about $162.75 million in revenue for the state’s six casinos.

The June total was a drop of 9% from the $178.77 million reported in May. But it was an increase of slightly less than 1% from June 2021 ($161.5 million). Video Lottery Terminals (VLTs) accounted for $108.7 million in revenue last month and table games produced just over $54 million.

As the gaming industry, in general, shakes off the adverse impacts of the COVID-19 pandemic, Maryland has seen same-month, year-over-year increases in gaming revenue every month so far in 2022.

There are no real money online casinos in Maryland.

MGM and Live! Again Top Producers

Looking at the two biggest revenue producers, MGM National Harbor in Oxon Hill had $68.4 million in revenue, an increase of 7.4% from June 2021, according to figures from Maryland Lottery and Gaming. Live! Casino & Hotel in Hanover was $10 shy of an even $56 million, a drop of 4.2% from 12 months earlier. Combined, those casinos generated more than 76% of the state’s total gaming revenue.

Among the other four casinos, Horseshoe Baltimore’s June revenue was $17.05 million, a slight increase (0.2%) from June 2021. The other three casinos were down compared to June 2021: Ocean Downs Casino in Berlin had revenue of $8.55 million in June, a decrease of 3.3% from the same month a year ago; Hollywood Casino in Perryville had revenue of $7.39 million (4.2% drop) and Rocky Gap Casino in Flintstone had revenue of $5.34 million (down 7.2%).

Overall, the six casinos contributed $68.4 million to the state, which was an increase of 1.1% from June 2021. In Maryland, casino taxes mostly go to the Education Trust Fund, but gaming revenues also support the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry, and small, minority- and women-owned businesses.

Maryland Sports Gambling Figures Due Soon

Maryland sports gambling revenues are reported apart from the casino revenues. Typically, those figures are reported shortly after the casino revenues. So far, sports wagering has been limited to retail betting at five of the six casinos. Rocky Gap doesn’t have a sportsbook.

A handful of smaller businesses are in the pipeline to open retail sportsbooks.

Of greater interest has been online Maryland sports wagering apps. However, the state has struggled getting through the complexities of launching online sports betting, which many observers believe will not start until sometime in 2023.

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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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