Key points:
- The revenue figure for November represents an increase of just over $400k from the prior year period
- Casino gaming contributions during November were nearly $68.9m, a 4.2% rise year-over-year
Maryland Lottery and Gaming has reported revenue from the state’s six privately owned casinos during November, which generated $158.1m in revenue and increased by just over $400k year-over-year.
Casino gaming contributions throughout the month were nearly $68.9m, which represents a 4.2% increase from the prior year period. The contributions made included $49.7m being given to the state’s Education Trust Fund, almost $2m more than what was generated during November 2023.
While the $158.1m figure indicates a rise year-over-year, it comes in slightly less than what was generated throughout October. Maryland’s gaming revenue during October was reported to be $160.5m, decreasing by more than $2m during November.
Revenues made by casinos also support the communities and jurisdictions where the properties are located, Maryland’s horse racing industry and small, minority- and women-owned businesses.
MGM National Harbor reported the highest revenue of the six casinos, generating $65.5m but decreasing 1.6% year-over year. Live! Casino & Hotel was a close second with a total of $60.3m, managing to increase by 3.9% from the prior year period.
Good to know: The Maryland Lottery joined a group of lotteries around the US on November 26 in support of the National Council on Problem Gambling’s Gift Responsibly Campaign
Hollywood Casino Perryville was the only other property to report an increase in gaming revenue, rising by 5.4% year-over-year to be just under $7.2m during October. Horseshoe Casino generated more revenue throughout the period with a reported total of $14.3m, but decreased 1.7% from the prior year period.
The two largest decreases were reported by Oceans Downs Casino and Rocky Gap Casino, falling by 6.9% and 8.8%, respectively, to generate just under $6.6m and $4.2m during the month.
Each of the six properties that report to Maryland Lottery and Gaming give players access to slot machines and table games on its casino floor, including over 1,000 slots and 100 table games at MGM National Harbor, Live! Casino & Hotel and Horseshoe Casino.
