Maryland casino gaming revenue reported to be $173.2m for May

June 5, 2024
By
Leer en Español

The state currently has six privately owned casinos that offer both slot machines and table games at each property.

In what was reported to be the ninth-best month in Maryland casino gaming revenue history, the state has released a revenue figure of $173.2m for the month of May. When compared year-over-year, gaming revenue from Maryland’s six privately owned casinos increased 2.2%. 

Out of the six casinos Maryland currently hosts, half of the locations saw increases in gaming revenue while the other half reported decreases year-over-year. Live! Casino and Hotel saw the biggest increase with the property being up 10.3% from May 2023 with a reported figure of just over $65m. 

Hollywood Casino reported $7.8m in revenue for May 2024, an increase of $204,423 year-over-year. MGM National Harbor reported an increase of $551k from the comparable month, with its May 2024 revenue placed at $72.3m. 

Horseshoe Casino reported the biggest decrease in revenue, seeing a 15.9% year-over-year drop for a revenue total of $14.7m for May 2024. Rocky Gap Casino reported a $258k decrease from the May 2023 total, seeing $4.97m in revenue for May of this year. 

Finally, Ocean Downs Casino only decreased by $50k, reporting a May 2024 revenue of $8.35m. 

Casino gaming contributions to the state during May 2024 totaled $74.45m, an increase of $3.62m compared to May 2023.

Contributions to the Education Trust Fund during May 2024 were $53.7m, an increase of 4.2% year-over-year. Casino gaming revenues in the state also support the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry and small, minority- and women-owned businesses.

Maryland Lottery and Gaming is responsible for regulatory oversight of the state’s casinos.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #089

Brian Uran - AI has shown casinos new ways to think about business

GA HUDDLE #088

Adam Wexler: PrizePicks almost went out of business during Covid - but now...

Roughly six years after speaking to Gambling Insider as an upcoming start-up, PrizePicks CEO Adam Wexler joins the Huddle to reflect on huge growth since - which almost ground to a halt during the Covid-19 pandemic.

We cover:

- Entrepreneurship, regulatory changes and the pandemic

- Offering a different customer experience and differentiating by product

- Fantasy sports being strong enough without sports betting

- Barriers to entry in the fantasy market

- Opposition from FanDuel and DraftKings

- Targets, plans and the Philippines

- US markets and the future of fantasy


Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.