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Maryland’s six casinos recorded their worst revenue month since February, as revenue through August fell by almost five per cent in comparison to the previous year.Join WillBet Today – No KYC, Just Crypto Wins

The Maryland Lottery and Gaming Control Agency has reported that the state’s six casinos generated $161.4m in August revenue from slot machines and table games, down 4.7 per cent year-over-year (August 2022: $169.4m).

This figure was also a 7.3 per cent decline on July’s $174.3m and was the second worst revenue month for casinos in the Old Line State since earlier this year in February when only $157.06m was reported.

Each one of Maryland’s six privately owned casinos – MGM National Harbor, Live! Casino & Hotel, Horseshoe Casino Baltimore, Ocean Downs Casino, Hollywood Casino Perryville and Rocky Gap Casino Resort – saw their revenues drop in comparison to the previous year.

MGM National Harbor – 2,301 slot machines, 209 table games – generated the most revenue during the month at $68.4m, but even this was down 4.8 per cent YoY.

Live! Casino & Hotel – 3,853 slot machines, 179 table games – followed with $55m, a 3.1 per cent decrease YoY.

Meanwhile, Horseshoe Baltimore – 1,410 slot machines, 122 table games – saw the biggest revenue decline in comparison to the previous year, falling by 10.6 per cent to $15.4m.

Elsewhere, Ocean Downs Casino and Racetrack – 866 slot machines, 19 table games – fell by 4.5 per cent YoY to $10m, Hollywood Casino – Perryville – 671 slot machines, 19 table games – declined by 1.2 per cent to $7.1m, and Rocky Gap Casino Resort – 621 slot machines, 16 table games – dropped by 6.9 per cent to $5.4m.

In terms of state taxes, casino gaming contributions in August amounted to $68.1m, a 3.9 per cent drop in comparison to the previous year. Contributions to the Education Trust Fund during the month were $49.1m, down 4.6 per cent YoY.

Revenues generated from Maryland casinos also support communities and areas where the casinos are located, the state’s horse racing industry, as well as small, minority- and women-owned businesses.