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Maryland Casino Revenue Stumbles Year-On-Year In October

Written By J.R. Duren | Updated:
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.

View all posts by J.R. Duren
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