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

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Maryland casinos report nearly $140M in revenue in first month after reopening
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Maryland’s six casinos have completed their first full month of operation since their closure on March 16, generating $139,920,018 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 to reconfigure their operations for this ‘new normal,’ and while this is still uncharted territory in many ways, these are strong results, given the circumstances,” said Maryland Lottery and Gaming Director Gordon Medenica. “With limited entertainment options, people have been eager to get out and do something fun.”

While the total revenue of $139,920,018 represents a decrease of $9,408,361 (-6.3%) from the July 2019 total, three out of the six casinos saw an increase in revenue compared to the same time last year.

Casino contributions to the state dropped accordingly. Gaming revenues contributed $57,960,649 to the state in July 2020, a decrease of $3,758,416 (-6.1%) compared to $61,719,065 in July 2019. Contributions to the Education Trust Fund (ETF) in July 2020 were $43,480,290, a decrease of $2,811,659 (-6.1%) compared to the $46,291,949 in ETF contributions from July 2019. Gaming revenues also support communities and jurisdictions where the casinos are located, in addition to Maryland’s horse racing industry.

Maryland’s six privately owned casinos include MGM National Harbor in Prince George’s County, Live! Casino & Hotel in Anne Arundel County, Horseshoe Casino Baltimore in Baltimore City, Ocean Downs Casino in Worcester County, Hollywood Casino Perryville in Cecil County, and Rocky Gap Casino Resort in Allegany County.

Below are the revenue totals for July 2020:

MGM National Harbor (3,029 slot machines, 190 table games)

$52,329,346 in July 2020, a decrease of $8,433,772 (-13.9%) from July 2019

Live! Casino & Hotel (3,828 slot machines, 195 table games)

$51,507,354 in July 2020, an increase of $2,232,230 (4.5%) from July 2019

Horseshoe Casino (2,102 slot machines, 129 table games)

$15,805,418 in July 2020, a decrease of $3,581,217 (-18.5%) from July 2019

Hollywood Casino (788 slot machines, 13 table games)

$7,009,254 in July 2020, an increase of $483,498 (7.4%) from July 2019

Ocean Downs Casino (884 slot machines, 18 table games)

$7,760,214 in July 2020, a decrease of $423,660 (-5.2%) from July 2019

Rocky Gap Casino (665 slot machines, 16 table games)

$5,508,432 in July 2020, an increase of $314,561 (6.1%) from July 2019

$5,508,432 in July 2020, an increase of $314,561 (6.1%) from July 2019

Maryland Lottery and Gaming oversee Maryland’s casinos. The agency guides its casinos on financial, security, regulatory, and licensing procedures. Monthly financial reports are posted on mdgaming.com, to maintain transparency of casino operations and keep Marylanders informed. Resources on how to play responsibly and within budget can be found at mdgamblinghelp.org or by calling 1-800-GAMBLER.



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