Maryland casino revenue down 7% for November
Revenue for Maryland’s six casinos fell by 7% year-on-year for the month of November, to a total of $130.4m.
Despite being permitted to reopen on June 19, the region’s casinos have struggled with capacity restrictions. Five of Maryland’s casinos are limited to 50% capacity, while the Horseshoe Casino in Baltimore is restricted to just 25%.
In addition, not all bars, restaurants and retail stores have reopened again after closing their doors in March.
Of the state’s casinos, MGM National Harbor generated the highest total revenue, at $55.3m. This was an increase of 3% from 2019 levels. The casino was forced to cut its workforce by 25% in August, totalling almost 780 jobs.
The only other casino to see growth during the month was Holywood Casino which reported revenue of $5.9m, up 2%.
Meanwhile, the Horseshoe Casino registered the steepest decline. Revenue was down 17% year-on-year to a total of $15.3m. Rocky Gap Casino reported the lowest total revenue at $3.8m, a 14% decline from 2019 levels.
Similarly, industry contributions to the Education Trust Fund also fell during the month. Contributions fell by 12% for November to a total of $39m.
Month-on-month, Maryland casino revenue fell by 9% from a total of $142.7m generated in the prior month. October’s total was down less than 1% year-on-year despite the capacity limitations.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
