Maryland Casino Revenue Takes June Break, Down Over $10 M
Tuesday 09 de July 2024 / 12:00
⏱ 2 min read
(Maryland).- Maryland’s six casinos combined for $162,914,432 in June revenue, down more than $10 million compared to May 2024 gaming revenue.
With the summer heat descending on Maryland in June, casino revenue managed to cool.
The state’s six casinos combined for $162,914,432 in revenue in June, down more than $10 million compared to Maryland’s May 2024 gaming revenue. Year-on-year, casino revenue was down 0.49%.
The results were disappointing after a May in which casino revenue shot up almost $10 million month-on-month.
Key takeaways
- Maryland casino revenue dropped more than $10 million in June.
- All six casinos saw a revenue dip in June compared to May.
- While monthly numbers were down for all casinos, two properties enjoyed year-on-year revenue increases.
Online casinos could increase revenue by more than $70 million
Maryland’s casino revenue totals consistently top $150 million thanks to strong performances from its flagship properties: MGM National Hardor and Live! Casino & Hotel. Online casinos could provide a significant boost to the monthly total. However, iGaming is illegal in Maryland.
If lawmakers chose to legalize, PlayUSA projects that the state could see more than $70 million in revenue during an average month, based on data from the seven states with active online casino markets:
| State | May online casino revenue | Population (according to 2023 Census Bureau data) | Per-capita revenue |
|---|---|---|---|
| Pennsylvania | $216.5 million | 13 million | $16.65 |
| Michigan | $198.6 million | 10 million | $19.86 |
| New Jersey | $192.1 million | 9.3 million | $20.65 |
| Connecticut | $46.3 million | 3.6 million | $12.86 |
| West Virginia | $17.9 million | 1.8 million | $9.94 |
| Delaware | $3.9 million | 1 million | $3.90 |
| Rhode Island | $2.3 million | 1.1 million | $2.09 |
| Average | $79.8 million | 6.5 million | $12.27 |
| Maryland (projected) | $76.1 million | 6.2 million | $12.27 |
In many states, legalizing online casinos is a subject that lawmakers are unwilling to discuss. However, Maryland is one of the few states where there have been ongoing discussions of what an online casino market would look like.
PlayUSA pegged Maryland as one of the states most likely to launch online casinos this year. Lawmakers pushed for online casinos in the spring. However, the iGaming didn’t make it into the state budget.
As PlayUSA legal writer Matthew Kredell noted, two of the state’s six casinos and labor unions opposed Maryland online casinos, playing a role in their demise.
All Maryland casinos see a monthly revenue drop
Across the board, Maryland casinos felt the sting of a slow June. Revenue was down at least 2.5% at every property, according to the latest data from Maryland Lottery and Gaming.
| Casino | June 2024 Revenue | May 2023 Revenue | % Change |
|---|---|---|---|
| MGM National Harbor | $68,151,492 | $72,267,476 | -5.70% |
| Live! Casino & Hotel | $60,399,039 | $65,032,889 | -7.13% |
| Horseshoe Casino Baltimore | $14,112,716 | $14,723,010 | -4.15% |
| Ocean Downs Casino | $8,135,862 | $8,351,868 | -2.59% |
| Hollywood Casino Perryville | $7,523,001 | $7,806,954 | -3.64% |
| Rocky Gap Casino | $4,592,322 | $4,970,763 | -7.61% |
| Totals | $162,914,432 | $173,152,961 | -5.91% |
Nearly 90% of the monthly losses came from tough months at MGM and Live!, where the two properties saw a combined $8.7 million drop in revenue compared to May.
While monthly performances were down everywhere, year-on-year revenue had some bright spots. Two of the state’s six casinos saw yearly growth:
- Hollywood Casino: 8.2%
- Live! Casino & Hotel: 4.2%
- MGM National Harbor: -1.3%
- Ocean Downs Casino: -6.3%
- Rocky Gap Casino: -10.3%
- Horseshoe Casino: -11.5%
Looking ahead to July, revenue will likely bounce back similar to how it rebounded from April to May. In 2023, revenue jumped from $163.7 million in June to $174.3 million in July.
By JR Duren
Categoría:Reports & Data
Tags: Sin tags
País: United States
Región: North America
Event
BiS SiGMA South America 2026
06 de April 2026
Air Dice Strengthens LATAM Presence with BiS SiGMA São Paulo Trade Show
(São Paulo, SoloAzar Exclusive).- Erkki Nikunen, Partner & CBDO at Air Dice, discussed the company’s participation at BiS SiGMA São Paulo. In this exclusive conversation with SoloAzar, he shares insights on their experience as exhibitors, business opportunities generated, and the company’s vision for Brazil and the wider Latin American market.
Wednesday 06 May 2026 / 12:00
R. Franco Digital Sees Brazil as Key Pillar for LATAM Expansion at BiS SiGMA South America
(São Paulo, SoloAzar Exclusive).- At BiS SiGMA South America, R. Franco Digital highlighted Brazil’s vast growth potential and the importance of localized, innovative slot content for Latin American audiences. In this Q&A, Thiago Calmon, International Key Account Manager, reported high-quality meetings, new operator discussions, and reinforced partnerships—underscoring its long-term commitment to the region.
Wednesday 06 May 2026 / 12:00
Habanero strengthens its Latin America strategy with a focus on Brazil and regional expansion
(São Paulo, SoloAzar Exclusive).- Milda Mikelioniene, Business Development Executive at Habanero, explains how the company is consolidating its presence in Brazil and other key markets such as Mexico, Colombia and Peru, highlighting the importance of localisation, strong partnerships and participation in industry events like Bis SiGMA South America to drive sustainable growth across the region.
Wednesday 29 Apr 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
