Maryland Casinos Shatter Record and Break Barrier with October Revenue

Maryland Casinos Shatter Record and Break Barrier with October Revenue
By Bill Ordine
Fact Checked by Jim Tomlin

Propelled by huge table game revenues generated by MGM National Harbor casino, Maryland saw a record-setting month in October for casino revenues as Maryland sports betting draws ever closer.

The state’s six casinos combined for $212.9 million in gaming revenue in October, which eclipsed the old record for single-month revenue by 17.3% set in July 2022 ($181.5 million). In a same month year-over-year comparison, October’s statewide casinos revenue was an increase of 37.4%, or nearly $58 million, over October 2021.

Last month was not only the first time that Maryland casinos took in more than $200 million in revenue, it also pushed the state 8% ahead on its fiscal year revenue pace. Maryland has had more than $723 million in revenue since the 2022-23 fiscal year started on July 1.

There are no Maryland online casinos yet so the brick-and-mortar locations are the top gaming options in the state.

MGM National Harbor Record Breakdown

The substantial number in October 2022 came from MGM National Harbor, which had a little more than $115 million in overall revenues. That was an increase of $59.1 million, or a jump of 105.8%, from October 2021. MGM National Harbor is in Prince George’s County, overlooking nearby Washington, D.C.

Of the $115 million in October revenue for MGM National Harbor, $73.2 million came from table games – that was about triple the number at that casino ($24.46 million) for table games in the Maryland September casino revenue report.

The big statewide revenue number resulted in a total casino contribution of $80 million to the state and, of that amount, more than $58.3 million went toward the Education Trust Fund.

In Maryland, casino wagering revenue figures are reported separately from sports betting numbers. So far, sports wagering in Maryland has been limited to retail books at five casinos and a few other locations. Mobile wagering, using Maryland betting app options, could launch as soon as late November, but sometime in December appears more likely.

Rest of Maryland Casinos in October

After MGM National Harbor, the next biggest revenue number was produced by Live! Casino & Hotel in Anne Arundel County with $59.66 million, a decrease of 1.9% from October 2021, according to Maryland Lottery and Gaming.

The rest of the casino revenues were: Horseshoe Casino in Baltimore City, about $17.44 million, an increase of 1.5% from October 2021; Ocean Downs Casino in Worcester County, a little more than $8 million, up 4.7%; Hollywood Casino Perryville in Cecil County, about $7.54 million, a decrease of 1.3%; and Rocky Gap Casino Resort in Allegany County, $5.24 million, down 9.5% compared to 12 months earlier.

When online sports wagering gets underway in the Old Line State, the best Maryland sportsbook promo codes will reside here at BetMaryland.com.

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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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