Maryland casino revenue falls 1.4% to $159.7m for October

Maryland Lottery and Gaming has reported total casino activity for the month of October, with revenue from the state’s six commercial operators having decreased 1.4% to $159.7m. 

Casino gaming contributions – which assist Maryland’s Education Trust Fund, the communities where each casino is located, horseracing and small, minority- and women-owned businesses – decreased 0.8% to $67.9m. 

MGM National Harbor accounted for the most casino revenue of any gaming property in Maryland for October but witnessed a decrease of 2.6% to $66.2m. Live! Casino & Hotel witnessed similar results, falling 0.4% to nearly $59.4m. 

Horseshoe Casino Baltimore reported the highest revenue decrease in Maryland during October, falling 9.8% year-over-year to $14m. 

Ocean Downs Casino and Rocky Gap Casino both managed to increase revenue for the monthly period, rising 2.9% and 7.4%, respectively, to $8.4m and $4.7m. 

Hollywood Casino Perryville generated the highest revenue increase of any Maryland casino during the monthly period, reporting growth of 9.8% to $7.1m. 

Operators contributed $49.8m to the Education Trust Fund, $8.5m to respective communities and jurisdictions, $7.8m to Maryland’s horseracing industry and close to $1.7m for small, minority- and women-owned businesses. 

On October 27, it was revealed that lawmakers in Maryland approved plans to bring a mini version of the Sphere entertainment venue seen in Las Vegas to Prince George’s County by 2030.

Set to neighbor the MGM National Harbor property in Prince George’s County, the Sphere is expected to generate $63m in annual tax revenue and recently garnered support from Maryland Governor Wes Moore.

The proposal for a mini version of Las Vegas’ Sphere venue was brought forth in Maryland during July, although a complete replica of the standing attraction is also being constructed in Abu Dhabi.