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Maryland Casinos Post Second-Weakest Revenue Month In August

Written By Katarina Vojvodic on September 7, 2023 - Last Updated on October 9, 2023
Businessman Traces Down Trending Financial Graphic with Red Dropping Arrow and Maryland casino revenue August 2023

Maryland’s six casinos generated $161,398,690 in revenue from slot machines and table games during August 2023. The figure is almost $8 million down or 4.7% less than in August last year.

The number also represents a 7.3% monthly drop from July’s $174.3 million. In terms of casino revenue, August was the state’s second weakest month after February, and here’s how it compares to other months of the year:

  • January: $167.27 million
  • February: $157.06 million
  • March: $176.52 million
  • April: $174.74 million
  • May: $169.40 million
  • June: $163.72 million
  • July $174.32 million
  • August: $161.4 million

Maryland Lottery and Gaming will release a separate report for the state’s retail and online sports betting.

Maryland earns $68.1M in casino gaming taxes for August

Throughout August, casino gaming contributions to the state totaled $68.1 million, representing a 3.9% decrease compared to August 2022.

The figure is a nearly 7% monthly decrease compared to the $73.2 million collected in July.

MGM National Harbor ranks no.1 again

MGM National Harbor remains the leader among Maryland casinos, generating over $68 million in revenue. The largest gaming floor in the state, Live! Casino & Hotel came in second.

According to the Maryland Lottery and Gaming August 2023 report, here’s how revenue totals for Maryland’s six privately owned casinos compare:

  1. MGM National Harbor (2,301 slot machines, 209 table games): $68.4 million, a 4.8% decrease from August 2022
  2. Live! Casino & Hotel (3,853 slot machines, 179 table games): $55.0 million, a 3.1% yearly decrease
  3. Horseshoe Casino (1,410 slot machines, 122 table games): $15.4 million, a 10.6% decrease from August last year
  4. Ocean Downs Casino (866 slot machines, 19 table games): $10.0 million, a 4.5% annual decrease
  5. Hollywood Casino (671 slot machines, 19 table games): $7.1 million, a 1.2% decrease from August 2022
  6. Rocky Gap Casino (621 slot machines, 16 table games): $5.4 million, a 6.9% yearly decrease

All gaming venues in the state saw declines compared to the same month in 2022.

Maryland casinos contribute $49M to the Education Trust Fund

During August, more than $49 million went to the state’s Education Trust Fund. According to the Maryland Lottery and Gaming, the figure is a decrease of 4.6% compared to August 2022.

It is also a monthly drop from July’s $52.7 million, as well as June’s $50.4 million. Gaming revenues from Maryland casinos continue to support:

  • Communities and areas where the casinos are located
  • Maryland’s horse racing industry
  • Small, minority- and women-owned businesses
Photo by PlayUSA
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Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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