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May Casino Revenue Slouches Over 5% For Maryland

Maryland casinos generated more than $169 million in May, down 5.2% year on year, according to data from the Maryland Lottery and Gaming.

Landscape of Night Time Marina Baltimore, Maryland. Casino Revenue in April 2023
Photo by PlayUSA
J.R. Duren Avatar
1min read

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:

CasinoMay 2023 RevenueMay 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 MachinesSlots RevenuePer-Slot Revenue
MGM National Harbor2,353$40.5 million$17,212
Live! Casino & Hotel3,830$41.5 million$10,835
Horseshoe Casino1,452$10.9 million$7,506
Ocean Downs Casino848$7.7 million$9,080
Hollywood Casino702$6.6 million$9,401
Rocky Gap Casino618$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.

J.R. Duren Avatar
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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.

View all posts by 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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