Maryland Casino Revenue Stumbles Year-On-Year In October

Written By J.R. Duren on November 7, 2023
Maryland’s MGM National Harbor Casino Sign At Entrance with Maryland casinos October 2023 revenue

If Maryland casinos could’ve gone back in time last month, they would’ve made a lot more money.

The state’s six casinos generated $159.8 million in revenue from slots and table games this past month, down more than $52 million from October 2022. The 24.9% drop is due to a massive 41.5% drop in revenue at MGM National Harbor.

A look at Maryland’s casino revenue for October

Five of Maryland’s six casinos saw their year-over-year drop from October 2022 to October 2023:

  • MGM National Harbor
  • Live! Casino & Hotel
  • Horseshoe Casino Baltimore
  • Hollywood Casino Perryville
  • Rocky Gap Casino

The five casinos combined for more than $53 million in revenue losses, year-on-year.

The lone yearly revenue winner was Ocean Downs Casino, which saw more than $800,000 in growth.

CasinoOctober 2023 RevenueOctober 2022 Revenue% Change
MGM National Harbor$67,291,529$115,016,950-41.49%
Live! Casino & Hotel$57,789,660$59,662,797-3.14%
Horseshoe Casino Baltimore$14,872,296$17,436,983-14.71%
Ocean Downs Casino$8,228,940$8,021,5962.58%
Hollywood Casino Perryville$6,710,555$7,541,445-11.02%
Rocky Gap Casino$4,918,785$5,242,251-6.17%

Monthly revenue is a bright spot

Though the year-on-year revenue numbers were more trick than treat for Maryland casinos in October, there were successes. Specifically, monthly revenue was up 3% compared to an abysmal September gaming revenue in Maryland.

MGM National Harbor, the state’s flagship revenue earner, posted the biggest monthly gain: 8.59%.

Horseshoe Casino Baltimore and Rocky Gap Casino also saw their revenue rise in October compared to September, while Live! Casino & Hotel, Ocean Downs, and Hollywood Casino Perryville experienced revenue decreases.

CasinoOctober 2023 RevenueSeptember 2023 Revenue% Change
MGM National Harbor$67,291,529$61,969,9808.59%
Live! Casino & Hotel$57,789,660$58,412,443-1.07%
Horseshoe Casino Baltimore$14,872,296$14,451,7362.91%
Ocean Downs Casino$8,228,940$8,733,540-5.78%
Hollywood Casino Perryville$6,710,555$6,722,454-0.18%
Rocky Gap Casino$4,918,785$4,807,6252.31%

Slots revenue dips but table games save the day

Slots revenue was down for the month, dropping from $108.2 million in September to $1o7.5 million in October.

Casino# of Slot MachinesGross RevenuePer-Slot Gross Revenue
MGM National Harbor2,264$39,180,145.02$17,306
Live! Casino & Hotel3,846$40,811,491.00$10,611
Horseshoe Casino Baltimore1,400$10,113,997.70$7,224
Ocean Downs Casino866$7,309,250.66$8,440
Hollywood Casino Perryville663$5,697,223.31$8,593
Rocky Gap Casino623$4,408,436.08$7,076

The main culprit behind October’s slot revenue decline was Ocean Downs, which saw a more than $2 million decrease in slots revenue.

According to Maryland Lottery and Gaming Commission’s October 2023 gaming revenue report, table games managed to negate those losses by jumping over $5 million from September.

Photo by Alex Brandon / AP Photo; illustratrated bi 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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