Maryland Casino Revenues Rise With Online Bill Being Considered

Maryland Casino Revenues Rise With Online Bill Being Considered
Fact Checked by Jim Tomlin

Maryland casino revenues in January saw an increase in a same month-year-over-year comparison, as well as a month-to-month increase from December. 

In fact, all six Maryland casinos showed increases in revenue from January 2022. January was also notable because a bill introduced in the legislature would make Maryland online casinos legal.

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Breakdown of January Maryland Casinos

The state’s casinos had more than $167.27 million in revenue in January. That was an increase of 8.8% over January 2022 ($153.75 million), and an increase of 1.3% over the December Maryland casino revenue report ($165.18 million).

Casinos sent $70.73 million to the state for January, up 13.2% from January 2022. Most of that, $51.41 million, went to the Education Trust Fund. Casino gaming revenues also go toward the communities and jurisdictions where the casinos are located as well as to Maryland’s horse racing industry, and to small, minority- and women-owned businesses.

Five of the six commercial casinos in the state also offer mobile Maryland sports betting apps, as do a few other outlets.

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MGM National Tops in January

Among Maryland’s six casinos, MGM National in Oxon Hill was the monthly revenue leader with $72.33 million, an increase of 7.8% from January 2022.

Live! Casino & Hotel in Hanover generated $58.24 million in revenue, an increase of 6.6% from the same month a year ago.

The rest of the casinos were (by revenue): Horseshoe Casino Baltimore, $17.58 million, an increase of 9.1% from January 2022; Hollywood Casino, in Perryville, $7.1 million, an increase of $6.5% from January 2022; Ocean Downs Casino, in Berlin, $7 million, an increase of 41% from January 2022, and Rocky Gap Casino, in Flintstone, $5 million, an increase of 17% from January 2022.

The casino financial totals do not include results from sports betting in Maryland. Handle, revenue and taxes generated from retail and mobile sports betting are reported separately.

The state is scheduled to report figures from January sports wagering later this month.

Online Casino Bill Introduced

Late last month, two state Senators – Majority Leader Nancy King and Ronald Watson, both Democrats – introduced the Senate Bill 267 for online casino in the state. If it passes, the proposal would stipulate that a statewide referendum would go on the ballot in November 2024.

The Maryland Senate is schedule to hold a hearing on the bill on Feb. 15 in the Budget and Taxation Committee.

As for online sports wagering available now, including Sunday’s Super Bowl, the best Maryland sportsbook promo codes are here at BetMaryland.

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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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