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