Maryland’s Gaming Operators Share October Financial Results

Key Facts and Figures

The month-on-month rise outperformed the prior reporting period. However, the state’s amusement firms showed mixed financial results.

Maryland is home to 6 casino properties, whose October performance varied:

1. MGM National Harbor. Monthly revenue of $69.2 million, up $1.9 million YoY.
2. Live! Casino & Hotel. Earnings of $58.7 million, a $875,000 increase YoY.
3. Horseshoe Casino. Turnover fell 7.5% YoY to $13.8 million.
4. Rocky Gap Casino. Revenue dropped 11.1% YoY to $4.4 million.
5. Ocean Downs Casino. Generated $7.3 million, a 10.8% YoY decline.
6. Hollywood Casino. Revenue rose 7.3% YoY to $7.2 million.

The report indicates that Maryland’s amusement industry is developing overall but lacks the consistency and sustainability needed to ensure stable growth across its verticals.

The sector's varied yet positive increase tendency has driven boosted funding. In October, taxes and obligatory payments to the treasury from the gambling sphere rose by 1.9% YoY to approximately $68.6 million.

The finances were allocated to state authorities and the local Education Trust Fund, which received $49.5 million, nearly $1 million more than in 2023.