June casino revenue in Maryland reaches $162.9m
MGM National Harbor tops the Maryland charts in June with $68.1m.
New figures from Maryland reveal that the state’s casinos generated $162.9m of revenue in June, with MGM National Harbor proving the most lucrative of the market’s six casino sites.
The revenue generated June 2024 displays a marginal decrease of 0.5% – $802,798 – when compared to the revenue figure from June 2023. However, casino gaming contributions to the state totaled $69.8m – an increase of 0.6% year-over-year.
Of the six casinos currently operational in the state of Maryland, MGM National Harbor generated the most revenue this June, followed by Live! Casino & Hotel, Horseshoe Casino, Ocean Downs Casino, Hollywood Casino, and the Rocky Gap Casino.
Casino revenue in Maryland is also invested into the surrounding local communities – as well as the Education Trust Fund, which received a contribution of $50.3m this June, a slight decrease of 0.1% year-over-year.
Figures from the month of May highlight a slightly higher reported casino revenue figure of $173.2m. In addition, Maryland’s sports wagering handle for the month of May reached $431.5m – marking a 34.8% increase year-over-year.
Currently, iGaming has not been legalized in the state, as legislators teamed up with Maryland labor unions to oppose the bill which sought to introduce online gaming practices to the state’s market in March. More recently, at the beginning of the month, the Maryland Lottery and Gaming Control Commission (MLGCC) granted the Veterans Services Corporation (VSC) and its operator partner, Bee-Fee, a mobile sports betting license.
The approval increases the state’s number of sportsbooks to 12 mobile sportsbooks, alongside 12 retail locations. This, alongside Maryland’s six casino locations makes for an intriguing market which looks likely to continue in its development as we move into the second half of 2024.
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