May Casino Revenue Slouches Over 5% For Maryland

Written By J.R. Duren on June 6, 2023
Landscape of Night Time Marina Baltimore, Maryland. Casino Revenue in April 2023

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

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.

Photo by PlayUSA
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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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