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.
