Maryland’s casino industry enjoyed a robust month overall in April, but revenue improvements were limited to the state’s two largest casinos.
The big picture showed Maryland’s six casinos generating a total of $174.74 million in April from slots and tables games. That was down slightly, just 1%, from March Maryland casino revenue, but an increase of 2.3%, or about $4 million, from April 2022.
The April revenue was also the sixth-best single-month gaming revenue total since casino-style gambling debuted in Maryland in 2010 when the gaming was with slots and electronic games only.
Since then, not only have the casinos grown, but Maryland sports betting has become legal and regulated as well.
Increased Gaming Contribution to Education
The $174.74 million in revenues yielded a casino gaming contribution to the state of almost $72.38 million in April 2023, an increase of nearly $523,000, or 0.7%, from the same month last year.
The bulk of casino contributions go to the state Education Trust Fund. For instance, in April, more than $52.6 million (or about 73% of the tax collections) went to education. The rest goes toward supporting the communities and jurisdictions where the casinos are located; to Maryland’s horse racing industry, and to small, minority- and women-owned businesses.
A closer look at the casino revenue picture for April shows that the state’s two largest casinos – MGM National Harbor, on the banks of the Potomac in Prince George’s County, and Live! Casino & Hotel adjacent to a premium outlet mall in Ann Arundel County – enjoyed increases in revenue from the same month in 2022. The state’s four smaller casinos all saw decreases in same-month, year-over-year comparisons.
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Breakdown of Maryland Casino Revenue
MGM National Harbor, with its 2,353 slot machines and 210 table games, had April revenues of almost $75.5 million, an increase of nearly $5 million, or about 7%, over April 2022.
And Live! Casino & Hotel, with 3,830 slot machines and 179 table games, had revenue of more than $62 million, an increase of more than $3.2 million, or about 5.5%, over April 2022.
Those two casinos have their own hotels, the other four casinos do not.
Here’s how those other four casinos fared in April:
- Horseshoe Casino Baltimore (1,452 slot machines, 122 table games) had revenue of $16.44 million in April, a decrease of about $2.5 million, or 13.2%, from April 2022.
- Ocean Downs Casino in Worcester County (848 slots, 19 table games) had April revenues of more than $7.92 million, down more than $308,000, or about 3.7%, from April 2022.
- Hollywood Casino Perryville in Cecil County (702 slots, 19 table games) had almost $7.5 million in revenue, a drop of more than $984,000, or 11.6%, from April 2022.
- Rocky Gap Casino in Allegany County (618 slot machines, 16 table games) had April revenues of nearly $5.38 million, nearly $391,000, or 6.8%, less than April 2022.
Sports wagering revenues in Maryland are expected next week. The Old Line State has both retail and mobile sports betting, with about 99% of the handle coming from online Maryland betting apps.
Maryland does not have online casino gambling.
