Maryland casino revenue reaches $172.1m during March 2025, declines 3.4% year-over-year

Maryland Lottery and Gaming has released the state’s casino revenues during March 2025, including a total gaming revenue of $172.1m, representing a decrease of 3.4% from the prior year period. 

Casino gaming revenues also support the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry, and small, minority- and women-owned businesses. Throughout the period, Maryland casinos generated just under $74.6m in gaming contributions, which equates to a decrease of 2.5% year-over-year. 

Maryland’s six privately owned casinos include MGM National Harbor, Live! Casino & Hotel Maryland, Horseshoe Casino Baltimore, Ocean Downs Casino, Hollywood Casino Perryville and Rocky Gap Casino Resort. 

Despite having generated the most gaming revenue of any property throughout March 2025 with $70.4m, MGM National Harbor still witnessed the second-largest decrease year-over-year at 6.2%. Rocky Gap Casino’s gaming revenue dropped by 9.8% from the prior year period, having reported just over $4.5m during the period. 

Live! Casino & Hotel Maryland produced $63.8m of gaming revenue during March 2025, equating to a decrease of just 1.5% from the prior year period. The property also boasts the highest number of slot machines for any property located in Maryland, featuring over 3,800 offerings for guests. 

Good to know: Following a proposed sports betting tax rate increase of 15% to 30%, Maryland Governor Wes Moore has reportedly seen his legislation amended by the House Ways and Means Committee to implement a 20% tax rate for online sports wagering

Horseshoe Casino Baltimore and Hollywood Casino Perryville reported gaming revenues of $17.2m and $8.2m, respectively, representing decreases of 0.4% and 2.6% year-over-year. 

Having been the only property to increase its gaming revenue from the prior year period, Ocean Downs Casino generated $7.9m throughout March 2025, growing by 5.1%. 

According to Maryland Lottery and Gaming, the $178m of gaming revenue produced by the six privately owned casinos during March 2024 represented the fifth-highest monthly mark ever recorded by the organization.

Kirk Geller

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