Maryland Casinos Experience Monthly, Yearly Dip For August

Maryland Casinos Experience Monthly, Yearly Dip For August
Fact Checked by Jim Tomlin

In August, Maryland casinos reported almost $161.4 in revenue. That was a drop of 4.7%, or $7.95 million, from the same month a year ago ($169.35 million). August 2023 also saw the state’s six commercial casinos combined for a revenue decrease of about 7.4% in a month-over-month comparison against July ($174.32 million).

Casino tax contributions to the state for August were about $68.13 million. In keeping with the overall decrease in revenue, the contribution to the state also dropped about $2.75 million, or 3.9%, compared to August 2022.

There are no Maryland online casinos.

The August casino revenue in the Old Line State was the second-lowest of the year, ahead of only the $157 million figure from February.

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Breakdown of Maryland Casino Revenue

The bulk of casino tax proceeds in Maryland go toward education and, in August, that amounted to about $49.13 million. In addition to supporting education, casino gaming contributions also assist the communities and jurisdictions where the casinos are located. Also benefiting from casino tax money are the state’s horse racing industry, plus small, minority- and women-owned businesses.

All but one of the casinos have a Maryland online sports betting component to their operation.

Maryland’s six casinos reported the following revenue for August 2023, with year-over-year comparisons: MGM National Harbor in Prince George’s County, $68.38 million, a decrease of $3,431,583 (or 4.8%) from August 2022; Live! Casino & Hotel in Anne Arundel County, $55.1 million, a $1,733,292 drop (3.1%) from 12 months earlier; Horseshoe Casino Baltimore, $15.41 million, a $1,831,786 decline (10.6%); Ocean Downs Casino in Worcester County, $10.1 million, down $469,073 (4.5%); Hollywood Casino Perryville in Cecil County, $7.1 million, off by $88,799 (1.2%) from August 2022, and Rocky Gap Casino in Allegany County, $5.4 million, a decrease of $398,730 (6.9%).

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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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