Maryland Casinos experience decline in gaming revenue for January 2024

Updated:2024-03-21 14:37    Views:131

Maryland's six casinos collectively generated $153.2m in gaming revenue from slot machines and table games in January 2024, marking a decrease of 8.4% compared to January 2023.

Contributions to the state from casino gaming totalled $63.2m in January 2024, down by 10.6% from the same period last year. These contributions support various sectors, including the Education Trust Fund, community development, the Maryland horse racing industry and small, minority- and women-owned businesses.

The figures for January 2024 reflect a similarity to January 2022, when gaming revenues amounted to $153.8m, with contributions to the state totalling $62.5m, including $45.5m to the Education Trust Fund.

Maryland's privately owned casinos, offering both slot machines and table games, include MGM National Harbor, Live! Casino & Hotel, Horseshoe Casino Baltimore, Ocean Downs Casino,Table games Hollywood Casino Perryville and Rocky Gap Casino Resort.

Breaking down the gaming revenue for January 2024 by casino: 

- MGM National Harbor reported $66m, down by 8.7%) from January 2023.

- Live! Casino & Hotel generated $56.8m, reflecting a decrease of 2.5% from January 2023.

- Horseshoe Casino recorded $14.6m, indicating a decline of 17.1% from January 2023.

- Hollywood Casino accumulated $6.6m, down by 7.5% from January 2023.

- Ocean Downs Casino accounted for $6.1m, showing a decrease of 12.9% from January 2023.

- Rocky Gap Casino posted $3.2m, indicating a decline of 36.6% from January 2023.

While January 2024 saw a decrease in gaming revenue, Maryland's gaming industry demonstrated resilience in previous months. In December 2023, the state's casinos collectively generated $165.6m in gaming revenue, marking a marginal increase of 0.3% compared to December 2022.

However, November 2023 witnessed a decline in gaming revenue, totalling $157.7m, down by 3.5% from the previous year.

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