MD Casinos Generate $169M in August Revenue

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MD Casinos Generate $169M in August Revenue
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Last month, Maryland’s six casinos generated $169.4 million in gaming revenue, contributing $70.9 million to the state.

According to Maryland Lottery and Gaming, the total represents an increase of $892,605 (0.5 percent) compared to August 2021. Contributions to the Education Trust Fund in August 2022 were $51,496,162, a decrease of $293,463 (-0.6%) compared to August 2021.

Casino gaming revenues also support local communities and jurisdictions home to casinos, Maryland’s horse racing industry, and small, minority- and women-owned businesses.

In 2018, Maryland voters approved an amendment to the State Constitution to safeguard State video lottery terminal revenues for education purposes.

As described in the bill and the ballot question, supplemental funding must total at least $125 million in fiscal 2020, $250 million in fiscal 2021, and $375 million in fiscal 2022. One hundred percent of the gaming revenues dedicated to public education must be supplemental funding in subsequent years.

The gaming revenue totals for August 2022 are as follows:

MGM National Harbor (2,099 slot machines, 210 table games)
$71,810,461 in August 2022, an increase of $4,389,252 (6.5%) from August 2021

Live! Casino & Hotel (3,754 slot machines, 180 table games)
$56,801,021 in August 2022, a decrease of $2,705,444 (-4.5%) from August 2021

Horseshoe Casino (1,500 slot machines, 130 table games)
$17,238,876 in August 2022, a decrease of $762,253 (-4.2%) from August 2021

Ocean Downs Casino (846 slot machines, 19 table games)
$10,531,094 in August 2022, an increase of $671,963 (6.8%) from August 2021

Hollywood Casino (693 slot machines, 19 table games)
$7,193,428 in August 2022, a decrease of $575,207 (-7.4%) from August 2021

Rocky Gap Casino (620 slot machines, 16 table games)
$5,777,072 in August 2022, a decrease of $125,706 (-2.1%) from August 2021

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