MD Casinos Stick With Trend; January Casino Revenue Nearly $154 Million

MD Casinos Stick With Trend; January Casino Revenue Nearly $154 Million

Maryland casinos generated $153.8 million worth of gross gaming revenue in January.

January 2022 Casino Revenue Breakdown: Slot machine revenue made up most of the state’s total revenue. Casinos racked up $95.6 million in slot machine earnings and $58.1 million from table games revenue in January.

MGM National Harbor was Maryland's highest-grossing casino with $67.1 million in winnings. Live! Casino & Hotel outperformed MGM National Harbour in slot revenue. MGM, Live!, Horseshoe Casino Baltimore, Rocky Gap Casino, and Hollywood Casino Perryville all experienced year-over-year increases. Ocean Downs Casino reported no table game revenue for January 2022 due to a prior accounting discrepancy.

January's casino revenue was $154 million, down from $172 million in December. January is one of the slower months for the industry. The trend dates back to the early 2000s. Sports betting is the first new revenue driver in Maryland. Rocky Gap Casino is only one without a retail sportsbook. Regulators will release the sports betting numbers later this week. It will be a catalyst for higher casino revenues. In December 2017, gross gaming revenue in the state was $141 million.

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- #Marylandcasinos set new #gaming revenue record in July Maryland’s six #casinos registered $181.5m in gaming revenue in July.

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The Maryland Lottery and Gaming Control Agency released a new report revealing the betting handle and taxable win reported by sportsbook operators in July:

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#Detroitcasinos report $98.6m in monthly revenue for June The combined revenue of MGM Grand Detroit Casino, MotorCity and Greektown was down 8.8 per cent year-on-year.