Maryland’s six casinos combined to generate $174.32 million in revenue from slot machines and table games during July 2023. The figure is a 6.47% monthly increase compared to Maryland casinos’ revenue of $163.72 million collected in June.
In fact, July was the third most-successful month of the year for Maryland casinos after March and April in terms of revenue generated:
- 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
However, the July 2023 revenue is still down $7.18 million (a 4.0% decrease) from July last year, when gaming revenue was $181.50 million.
Maryland Lottery and Gaming releases a separate report for the state’s retail and online sports betting. The agency is responsible for regulatory oversight of the state’s casinos. The regulator also provides direction and guidance to its casino partners on the facilities’ financial, security, regulatory and licensing procedures.
Maryland casinos contribute $73.2M, yearly decrease but monthly increase
According to the Maryland Lottery and Gaming latest report, casino gaming contributions to the state in July 2023 totaled $73.18 million. The number is a 3.8% yearly decrease or $2,890,247 down compared to July last year.
The figure is still a 5.45% monthly increase from June 2023’s $69.4 million.
Live! Casino & Hotel the only Maryland casino showing July YoY revenue increase
Maryland’s six privately owned casinos offer players slot machines and table games.
Live! Casino & Hotel was the only gaming venue with positive results compared to July 2022.
MGM National Harbor ranked no 1. again generating $72.15 million. Here’s a bigger picture of the gaming revenue totals for July 2023:
- MGM National Harbor: $72.15 million, a 6.6% decrease from July 2022
- Live! Casino & Hotel: $62.74 million, an 1.9% increase from July last year
- Horseshoe Casino: $16.02 million, a 12.9% yearly decrease
- Ocean Downs Casino: $10.08 million, a 4.2% decrease from July 2022
- Hollywood Casino: $7.50 million, a 0.6% decrease from July last year
- Rocky Gap Casino: $5,819,696, a 6.6% yearly decrease
Contributions to the Maryland Education Trust Fund decrease yearly and monthly
Contributions to the Education Trust Fund (ETF) in July 2023 were $52.74 million, a 4.6% decrease ($2,535,236 down) compared to July 2022. The figure is also a monthly decrease of 24% from June 2023’s $69.43 million.
It brings the total contributions to the ETF to more than $302 million in 2023.
Casino gaming revenues also support the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry, as well as small, minority- and women-owned businesses.