Maryland casino revenue up 8% in October; Live! beats MGM for second time since 2017

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Conduit Street

Casino Revenue Down, Sports Wagering Revenue Ticks Up

Sports wagering contributes $3.2 million in tax revenue in September. Maryland's 13 retail and 12 mobile sportsbooks generated $3231427 in contributions to the State, up from the $2.555671 million for August 2023. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland's Future Fund, which supports public education…

Finance ・ 10 October 2023

Conduit Street

Sports Wagering Revenue Down, Casino Revenue Ticks Up

Sports wagering contributes $2.8 Million in tax revenue during June. Maryland's ten retail and ten mobile sportsbooks generated $2835051 in contributions to the State. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland's Future Fund, which supports public education programs. June is typically a slower month,…

Finance ・ 13 July 2023

Gambling News

Maryland Casinos Posted $162.7m, Surpassed $2B Mark in FY2022

The Maryland Lottery and Gaming Control Agency released Wednesday its June casino gaming report to reveal that the state's six privately owned casinos did not have the best of a month in June but managed to complete fiscal 2022 with a bang. Maryland casinos generated revenues of $162.7 million in June to post their first month since March 2022 with…

Lottery ・ 08 July 2022

WTOP

Maryland casinos have 2nd-best month ever

Maryland's six casinos generated a total of $178.8 million in gaming revenue in May. That's 3.7% more than May 2021, and the second-highest monthly gaming revenue total since July 2021, when the casinos generated $180 million. May 2021 was the first month since the start of the pandemic with no capacity restrictions in place. Of May's total, the…

Finance ・ 06 June 2022

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WTOP

Maryland casinos just had the 4th-best month on record

Maryland's six casinos had a total of $171 million in gaming revenue in April, up 5.3% from a year earlier and surpassing March to become the fourth-best month on record for casino gaming revenue. Of that total, contributions to various state programs totaled $71.8 million. The largest share of that goes to the state's Education Trust Fund,…

Lottery ・ 31 October 2022

Yogonet

Maryland casino revenue rises 29% YoY to reach $163M in February

According to a report published by the Maryland Lottery and Gaming Control Agency, Maryland's six casinos brought in nearly $163 million in February revenue, accounting for a 29.1% increase in a year-over-year comparison. MGM National Harbor led with $65.8 million in revenue, followed by Live! Casino & Hotel at $59.4 million. The Horseshoe…

Finance ・ 22 April 2022

Conduit Street

MD Casinos Generate $163 Million in February Revenue

Last month, Maryland's six casinos combined to generate nearly $163 million in gaming revenue, contributing $68.2 million to the state. According to Maryland Lottery and Gaming, February casino gaming revenues were up nearly $37 million (29.1 percent) compared to February 2021, when the casinos were operating under capacity restrictions due to…

Finance ・ 28 November 2022

WTOP

Maryland casinos had 2nd-best month ever

Maryland's six casinos generated a combined $172.9 million in gaming revenue in December 2021, the second-best month for total gaming revenue. The total was 44.9% more than gaming revenue in December 2020. Casinos were still operating under COVID-19-related capacity restrictions a year earlier. The record for gaming revenue was set by Maryland's…

Lottery ・ 06 January 2022

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Casino City Times

Maryland casinos generate $172.9 million in revenue during December

Gaming News 6 January 2022 (PRESS RELEASE) -- Maryland's six casinos combined to generate $172901502 in gaming revenue during December 2021, making it the second-best month in the history of Maryland's casino program. The total represents an increase of $53545054 (44.9%) compared to December 2020, when the casinos were operating under capacity…

Finance ・ 07 January 2022

WBOC

Md. Casinos Generate $154.9M in Revenue During October

BALTIMORE - Maryland's six casinos combined to generate $154978898 in gaming revenue during October 2021, Maryland Lottery and Gaming announced Friday. Last month's total represents an increase of $12660085 (8.6%) compared to October 2020, when the casinos were limited to 50% capacity due to COVID-19. Casino gaming contributions to the state in…

Finance ・ 22 January 2022

WTOP

Live! Casino has topped MGM National Harbor in gaming revenue for only the 2nd time

MGM National Harbor was not the top Maryland casino for gaming revenue in October. Maryland Lottery and Gaming reports Live! Casino & Hotel at Arundel Mills had $60.8 million in gaming revenue in October, up 22.7% from a year ago. MGM National Harbor had $55.9 million in gaming revenue last month, down 1.2% from a year ago. This is only the second…

Finance ・ 06 December 2021

Conduit Street

September Casino Gaming Revenue Tops $165M

Maryland's six casinos combined to generate over $165 million in gaming revenue in September, contributing $69 million to the state. According to Maryland Lottery and Gaming, September casino gaming revenues were up $21.7 million (15 percent) compared to September 2020, when gaming revenue was $144 million. Casinos were limited to 50 percent…

Finance ・ 06 October 2021

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Yogonet

Three Maryland casinos get first greenlight for sports betting, gambling revenue grows 15%

s sports betting takes a new step in Maryland, casinos have generated a total of $165.4 million in gaming revenue during the month of September, according to the Maryland Lottery & Gaming Control Agency. The figures represent a 15.1% increase over September 2020, a month in which gaming venues posted $143.7 in revenue. It is worth noting, however,…

Sports ・ 06 October 2021

Gambling News

Maryland’s Six Casinos Enjoy Revenue Gains as August Produces Another Win

Maryland's casino scene continues to show signs of a strong recovery from the COVID-19 fiasco, even as new outbreaks continue to appear. While there are no indications that last year's lockdowns will be repeated again anytime soon, businesses are still on edge as they work to push through the latest chaos. The latest figures coming out of…

Finance ・ 10 October 2021

WBOC

Md. Casinos Generate $168.5M in Revenue During August

BALTIMORE - Maryland's six casinos combined to generate $168459348 in gaming revenue during August 2021, according to Maryland Lottery and Gaming. The total represents an increase of $18910348 (12.6%) compared to August 2020, when gaming revenue was $149549000. Casinos were limited to 50% capacity in August 2020 due to COVID-19. Casino gaming…

Finance ・ 08 September 2021

Casino News Daily

Caesars Raises Stake in Horseshoe Casino Baltimore

US casino operator Caesars Entertainment, Inc. last week purchased a minority interest in Horseshoe Casino Baltimore from a joint venture partner to up its stake in the Maryland-based property to 76%. The company did not provide financial details about the transaction and did not name the partner it has bought a minority stake from. With its…

Sports ・ 30 August 2021

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WTOP

Maryland casinos have never been busier with another record month

Gaming revenue at Maryland's six casinos set a record high in July for the third time in five months. The state's half-dozen casinos generated a total of $180.1 million in gaming revenue last month, up 28.7% from July 2020. Casinos were operating at 50% capacity last July, but July 2020 was the first full month that casinos were reopened after…

Travel ・ 19 September 2021

Baltimore Brew

Horseshoe Casino ends the year on a losing streak

Horseshoe Casino Baltimore ended the year with December revenues skidding 32% from a year earlier, according to statistics released by Maryland's Lottery and Gaming Control Agency. With capacity limited to 25% and its restaurants closed under Mayor Brandon Scott's Covid-19 restrictions, last month's revenues were $12.7 million. That's the lowest…

Covid ・ 14 July 2021

WTOP

Maryland casinos are doing better than before the pandemic

After setting a record for gaming revenue in May, the betting slowed a bit for Maryland's six casinos in June, although gaming revenue is still well above where it was this time two years ago. Maryland's six casinos generated a total of $161.5 million in gaming revenue in June, 13% more than June 2019. All six casinos were closed for most of June…

Covid ・ 12 July 2021

The Baltimore Sun

Maryland casinos generated some of the highest revenues in the country in 2020, report says

Despite casino revenue dipping more than 30% in 2020 compared with the previous year, Maryland casinos held up better compared with other markets across the country, according to a new report from the American Gaming Association. Last year marked the first time since 2010 that Maryland lost revenue in casino gaming across its six venues, with $1.2…

Finance ・ 25 May 2021

WTOP

April was 3rd-best month ever for Maryland casinos

Maryland's six casinos saw their third-best month ever for gaming revenue in April, following what was a record high in March. Total gaming revenue was $162.1 million, up 11.6% from April 2019, the best comparison. In April 2020, all six casinos were closed because of the COVID-19 pandemic. MGM National Harbor and Horseshoe Casino in Baltimore were…

Covid ・ 07 May 2021

Gambling News

Maryland Casinos Pick Up Steam as April Revenue Reaches third-best on Record

Maryland gamblers' thirst for casino visits during the COVID-19 pandemic has been successfully quenched. If the results from last month are any indication, the state's gaming industry could be set to enjoy a rapid rebound after having to deal with a horrific 2020 that saw casinos shuttered or operating at significantly reduced capacities for much…

Finance ・ 07 May 2021

WBOC

Maryland Casinos Generate $128.8M in January; 11.5% Decrease From a Year Ago

BALTIMORE - Maryland's six casinos generated $128763516 in gaming revenue in January 2021, Maryland Lottery and Gaming announced Friday. The total represents a decrease of 11.5% (-$16703436) compared to the January 2020 total of $145466952. Due to the COVID-19 pandemic, MGM National Harbor, Live! Casino & Hotel and Horseshoe Casino were limited to…

Covid ・ 07 May 2021

Baltimore Fish Bowl

Maryland casinos report nearly $140M in revenue in first month after reopening

Maryland's six casinos have completed their first full month of operation since their closure on March 16, generating $139920018 in gaming revenue. To prevent the spread of COVID-19, the casinos reopened at 50 percent capacity, implemented temperature screenings, and required facemasks for both employees and patrons. "The casinos worked very hard…

Finance ・ 07 May 2021

WTOP

Maryland casino revenue falls 27% for fiscal 2020

The COVID-19 pandemic closures of Maryland's six casinos cost casino owners and the state of Maryland millions of dollars. For Maryland's just-ended fiscal year 2020, total casino gaming revenue was $1.28 billion, down 27.3% from fiscal 2019. As a result, casino contributions to Maryland state coffers totaled $529.1 million, down 26.9% from fiscal…

Finance ・ 04 February 2021