Maryland makes $165.6m in gaming revenue for December

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.

Beth Turner

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