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.

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

Bill Ordine

Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.

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