Maryland casinos generated more than $169 million in May, down 5.2% year on year, according to data from the Maryland Lottery and Gaming. That revenue generated more than $51 million in contributions toward the Maryland Education Trust Fund.
Revenue was down compared to April, but, adjusted for daily revenue totals, Maryland casinos brought in around $10,000 more per day in May than they did in April.
MGM National Harbor continues to be Maryland’s moneymaker
On a casino-by-casino basis, May’s revenue totals followed suit with past months. MGM National Harbor led the way, generating $10 million more in revenue than the next casino. All six casinos saw their revenue drop compared to May 2022:
| Casino | May 2023 Revenue | May 2022 Revenue | % Change |
|---|---|---|---|
| MGM National Harbor | $71.7 million | $76.0 million | -5.6% |
| Live! Casino & Hotel | $58.9 million | $62.7 million | -6.0% |
| Horseshoe Casino | $17.5 million | $17.7 million | -0.9% |
| Ocean Downs Casino | $8.4 million | $8.5 million | -1.2% |
| Hollywood Casino | $7.6 million | $8.2 million | -7.4% |
| Rocky Gap Casino | $5.2 million | $5.7 million | -7.8% |
| Totals | $169.4 million | $178.8 million | -5.2% |
May’s total of $169.4 million in revenue marks the 10th time in the past two years that total casino revenue eclipsed $169 million.
While revenue was down year-on-year in May, Maryland’s six casinos year-to-date revenue total is up 3.1% compared to where they were at at the end of May last year.
The running total is $1.9 billion, which is around $57 million more than it was at this time in 2022.
Per-slots totals show a strong performance from Hollywood Casino
Overall, Maryland casinos amassed $111.9 million from slot machines in May, down around $2 million from the previous month. Here’s a quick look at how much per-machine slots revenue each casino generated:
| # of Slot Machines | Slots Revenue | Per-Slot Revenue | |
|---|---|---|---|
| MGM National Harbor | 2,353 | $40.5 million | $17,212 |
| Live! Casino & Hotel | 3,830 | $41.5 million | $10,835 |
| Horseshoe Casino | 1,452 | $10.9 million | $7,506 |
| Ocean Downs Casino | 848 | $7.7 million | $9,080 |
| Hollywood Casino | 702 | $6.6 million | $9,401 |
| Rocky Gap Casino | 618 | $4.8 million | $7,767 |
| Total |
Hollywood Casino, one of the lowest-revenue casinos in the state, tallied the third-highest per-machine revenue, while Live! notched about $1,400 per machine and MGM National Harbor averaged a staggering $17,212 per machine.
