Maryland casinos generate $157.7m in November
The Old Line State has seen a 3.5% decrease in November casino gaming year-on-year, though October was its most successful sports betting month.
The Maryland Lottery and Gaming Control Agency (MLGCA) has released the state’s November gaming revenue, showing that the six casinos in the Old Line State generated $157.7m from slots and table games. This result is down 3.5% year-on-year.
As a result, tax contributions are also slightly lower annually, with $66.2m (down 2.3%) going to the state this November and $47.7m specifically going to the Education Trust Fund (down 3.1%). Other funding from the state’s casinos is used to aid the communities where the properties are located, the local female and minority-owned businesses and the state’s horseracing industry.
Sports betting in the state, however, has been increasingly popular. October 2023 was the state’s highest recorded total with $5.8m contributed from both retail and mobile sportsbooks. The MLGCA also published its 2022-2023 fiscal year report recently (July 1 2022 to June 30 2023), showing that over $1.5bn was contributed to the state during that period based on $2bn in casino revenue.
MGM National Harbor was the casino that generated the most revenue in November 2023, reaching $66.6m though it suffered an annual decrease of 6.9%. It is the Maryland casino with the most table games (207) and the property with the second-highest number of slots (2,275).
The property with the most slot machines (3,850) is Live! Casino & Hotel, which generated just over $58m and saw an increase of 1.6% annually. It is also has the second-highest number of table games (179).
The venue with the third-highest amount of both slot machines (1,374) and table games (122) is Horseshoe casino, which saw its revenue decrease 10.6% year-on-year to $14.6m.
The three properties with fewer than 1,000 slot machines and 25 table games generated the least amount of revenue, though Ocean Downs casino rose annually by 7% to reach just over $7m and Hollywood Casino rose 0.1% to reach $6.8m. Rocky Gap Casino saw a 6.5% decrease to $4.6m.
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