Maryland casinos see modest growth in September 2024 gaming revenue

Despite revenue decreases for a few venues, the overall upward trend is a positive indicator for the state’s gaming sector.

Maryland’s casino industry demonstrated resilience in September 2024, with the state’s six privately owned casinos collectively generating $159.5m in gaming revenue.

This figure represents a 2.8% increase compared to the same period in 2023, according to recent data released by state authorities.

The growth in revenue translated to increased contributions to state coffers. Casino gaming contributions to Maryland totalled $68.7m for the month, marking a 3.4% rise from September 2023.

Of this sum, $49.5m was allocated to the Education Trust Fund, reflecting a 3.5% increase year-on-year.

These revenues play a crucial role in supporting various state initiatives, including education, local communities, the horse racing industry and minority and women-owned businesses.

MGM National Harbor in Prince George’s County led the pack, reporting $66.9m in revenue, an 8.0% increase from the previous year. Live! Casino & Hotel in Anne Arundel County followed with $59.5m, showing a 2.0% growth.

However, not all venues experienced positive trends. Horseshoe Casino Baltimore saw a 9.2% decrease in revenue, while Rocky Gap Casino Resort in Allegany County reported an 8.0% decline.

Ocean Downs Casino in Worcester County and Hollywood Casino Perryville in Cecil County experienced minimal changes, with the former seeing a slight 0.3% increase and the latter a 0.9% decrease in revenue.

The overall growth, albeit modest, signals a generally positive trend for Maryland’s casino sector as it continues to navigate the post-pandemic gaming landscape.

David Thompson

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