Maryland Casino Revenue Stalls In New Year, Down 7.4% Monthly In January

Written By J.R. Duren on February 7, 2024
Slot Machines At MGM National Harbor Maryland

After posting the second-highest December revenue total in state history, Maryland casinos saw across-the-board revenue drops in January, month-on-month and year-on-year, according to the latest data from Maryland Lottery and Gaming.

January casino revenue down $14 million compared to December

The Old Line State’s six casinos generated $153.2 million in January, falling around $14 million from Maryland’s December 2023 gaming revenue and accounting for a 7.4% decline.MD January 2024 Casino Revenue Bar Chart

The first month of the year hit Rocky Gap Casino particularly hard—revenue fell 28%. Hollywood Casino Perryville also struggled, facing a 19.6% drop in the first month of the year.

Year-on-year numbers for Maryland casinos fell 8.4%

January’s revenue struggles weren’t just the result of a strong December; the numbers were down compared to January 2023, too.

CasinoJanuary 2024 RevenueJanuary 2023 Revenue% Change
MGM National Harbor$66,041,474$72,330,775-8.70%
Live! Casino & Hotel$56,782,092$58,237,817-2.50%
Horseshoe Casino Baltimore$14,570,608$17,579,860-17.12%
Ocean Downs Casino$6,555,351$7,086,038-7.49%
Hollywood Casino Perryville$6,105,335$7,006,549-12.86%
Rocky Gap Casino$3,188,456$5,029,360-36.60%
Totals$153,243,316$167,270,398-8.39%

Rocky Gap revenue was down 36.6%, with Horseshoe Casino Baltimore posting a 17.12% loss. And, like the monthly numbers, every casino in the state saw their numbers drop.

While Rocky Gap faced the biggest loss by percentage, Horseshoe Casino Baltimore saw the biggest dollar drop, stumbling more than $3 million in January compared to the year before.

Relatively speaking, Live! Casino & Hotel fared well, dropping only 2.5% year-on-year compared to the 8.4% overall decline.

MGM National Harbor posted strong per-slot revenue numbers

Casinos brought in $98.3 million in slots revenue to kick off the year’s first month. MGM National Harbor and Live! Casino & Hotel, which account for more than half of the slot machines in Maryland casinos, generated more than $75 million in revenue.

Casino# of Slot MachinesGross RevenuePer-Slot Gross Revenue
MGM National Harbor2,266$37,288,684.45$16,455.73
Live! Casino & Hotel3,849$37,733,841.48$9,803.54
Horseshoe Casino Baltimore1,401$9,512,032.58$6,789.46
Ocean Downs Casino845$5,484,460.37$6,490.49
Hollywood Casino Perryville709$5,344,723.92$7,538.40
Rocky Gap Casino616$2,934,004.71$4,762.99
Total9,686$98,297,747.51$10,148.44

While MGM and Live!’s gross revenue was similar, MGM’s per-slot revenue total was considerably higher than Live!’s because the casino has roughly 1,600 slot machines.

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J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

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