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Maryland February Casino Revenue Slightly Up From January And Year Over Year 

Written By Katarina Vojvodic on March 7, 2024
MGM National Harbor Leads Maryland Casinos In Revenue

Maryland casinos generated $159.2 million in revenue during February. The figure is a 1.4% increase or more than $2.17 million compared to February 2023.

The figure also represents a 3.90% month-over-month rise from Maryland’s January casino revenue of $153.2 million, according to Maryland Lottery and Gaming (MLG)

Players can choose between six privately owned Maryland casinos that offer slot machines and table games. These are:

  • MGM National Harbor in Prince George’s County
  • Live! Casino & Hotel in Anne Arundel County
  • Horseshoe Casino Baltimore in Baltimore City
  • Ocean Downs Casino in Worcester County
  • Hollywood Casino Perryville in Cecil County
  • Rocky Gap Casino Resort in Allegany County

Maryland casinos’ February revenue breakdown

MGM National Harbor was once again the state’s top performer in revenue generated last month.

Here’s how it compares to its competitors in February and how much progress they’ve made from the same time last year:

  1. MGM National Harbor: $66.8 million in gaming revenue (a 1.9% annual increase)
  2. Live! Casino & Hotel: $59.3 million in gaming revenue (a 6.5% increase from the previous year)
  3. Horseshoe Casino Baltimore: $14.9 million in gaming revenue (an 8.2% yearly decrease)
  4. Hollywood Casino Perryville: $7.4 million in gaming revenue (a 1.4% rise)
  5. Ocean Downs Casino: $6.3 million in gaming revenue (an annual decrease of 7.0%)
  6. Rocky Gap Casino Resort: $4.3 million in gaming revenue (a yearly decline of 18.6%)

According to the MLG’s February report, half of Maryland casinos — MGM National Harbor, Live! Casino and Hollywood Perryville — reported annual growth.

When it comes to the monthly comparison, all Maryland casinos reported growth as follows:

  1. MGM National Harbor reported a 1.20% monthly increase
  2. Live! Casino & Hotel revenue rose 4.51% month-over-month
  3. Horseshoe Casino Baltimore made 2.64% progress from January
  4. Hollywood Casino Perryville saw a 12.93% monthly rise
  5. Ocean Downs Casino’s revenue increased 4.09% monthly
  6. Rocky Gap Casino Resort showed a 36% month-over-month progress

Maryland casinos collect $67.7 million in taxes in February

Contributions to the state from casino gaming revenue amounted to $67.7 million in February. The figure represents a 1.3%year-on-year increase and a 7.35% monthly rise.

Contributions to the Education Trust Fund in February 2024 totaled $48.9 million, a 0.5% annual and a 7.1% monthly increase.

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

Marylanders still have a ways to go before online casinos

As the gaming industry continues to evolve, with Maryland’s sports betting industry showing promising revenue growth and a 23% increase in total bets in January, Maryland online casinos remain illegal.

Last week, Maryland online casino discussion moved to the Senate, as HB 1319 had its first (five-hour long) hearing in the House Ways and Means Committee.

The Maryland Senate Budget and Taxation Committee also heard testimony on SB 565, a bill that would create a constitutional referendum on online casino legalization, and SB 603, which aims to implement online casinos.

Even if the legislature approves any of the proposals, online casinos would require approval from Maryland voters to become legal. Our Online Casino Bill Tracker 2024 helps you stay up to date with legislation and legalization nationwide.

Photo by Alex Brandon/AP file photo
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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 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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