Maryland makes $165.6m in gaming revenue for December

January 8, 2024
Leer en Español

The total reflects a 0.3% increase in revenue from the same period last year.

The Old Line State generated $165.6m in gaming revenue in December, according to reports from Maryland Lottery and Gaming. This reflects a growth of $454,064 from December 2022, or 0.3%. 

Across all the state's metrics, growth has been relatively stagnant. Casino gaming also grew less than 1%, totaling $70.2m with an increase of $508,501. Contributions to the state’s Education Trust Fund in December were up $2,141 compared to 2022, for a total of $50.7m.  

In November, total revenue was down 3.5% for a total of $157.7m, with casino contributions and Education Trust Fund contributions down 2.3% and 3.1% respectively. 

Of the six casinos in the Old Line State, the highest revenue generator was MGM National Harbor, up 2.1% for monthly revenue of $70.8m – over a third of the total gaming revenue generated in December.  

The second biggest contributor was Live! Casino & Hotel, which generated $60.6m. Between the property's 3,849 slot machines and 179 table games, this revenue reflects growth of 1.5% year-on-year. This growth may have, in part, been in response to continued coverage of the Live! brand in December, with the company celebrating the groundbreaking of its upcoming Louisiana venue during the month. 

Even when combined, the four other casinos in Maryland did not generate as much as MGM National Harbor or Live! Casino & Hotel. Of these four properties, only Hollywood Casino saw year-on-year growth, up 4% with revenue of $7.6m. 

The most significant drop in year-on-year revenue was reported by Horseshoe Casino, down 9.6% with a decrease of $1.6m. The casino's total revenue was $15.2m, which still made it the third most profitable casino in the state. 

Ocean Downs Casino and Rocky Gap Casino were also down, generating $7m and $4.4m each. This is a year-on-year decline of 2.7% and 8.2% respectively.

MGM National Harbor President and COO Melonie Johnson was featured in the Huddle's Review of 2023 in gambling.


Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.