January 5, 2021 Casino, Land-Based

Maryland casinos earn $119m for December, down 20%

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Maryland’s six casinos brought in $119m for December, a year-to-year decline of 20%.

Statewide revenue also fell by approximately $11m from November.

The steep drop-off in revenue can partially be tied to tighter capacity limitations at MGM National Harbor, Live! Casino & Hotel and Horseshoe Casino. The three casinos were forced to operate at 25% capacity beginning in mid-December, with restrictions at MGM National Harbor and Live! extended through 16 January.

MGM National Harbor maintained its top spot despite the reduced casino floor capacity, earning $48.5m, which was a decrease of 22.5% y-o-y. December was first full month of operation in 2020 where the casino did not hit at least $50m in revenue.

Live! generated $42.9m last month, down 17% y-o-y and a decline of about $2m from November. Horseshoe Casino was a distant third at $12.7m, down 32%.

Hollywood Casino was the lone property to see revenue increase y-o-y, as it earned $6.6m for a 8.4% improvement.

Ocean Downs Casino took in $5m for a 9.9% decline, while Rocky Gap Casino rounded out the state with $3.6m, down 16.3%.

With the state’s top two casinos under additional restrictions for the first half of January, this month could present a rough start for the Maryland.

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