Maryland’s six licensed casinos brought in $160.67 million in revenue from slot machines and table games in June 2025, a recent national report noted. This, however, reflected a 1.4% decrease compared to the same month last year. As July ushers in a new fiscal year, state regulators and stakeholders will be closely watching performance trends to determine whether broad economic and seasonal factors will continue to influence casino revenue in the latter half of 2025. The decline, the report notes, comes after a stronger performance in May, when statewide revenue increased by 1.9% to $176.4 million. Gaming contributions to the state from June activity totaled $68.54 million, representing a 1.9% drop year-on-year. Of that amount, $49.42 million was directed to the Education Trust Fund, which is a decrease of $954,000 compared to June 2024.
For this report, SBS will be going over the latest gaming news coming from the Old Line State, and also how you can check all the amazing and excellent reports available at SBS.
Per the same report, it should be noted that June 30th marked the close of the Maryland Lottery and Gaming’s 2025 fiscal year. Total casino revenue for FY 2025 topped $1.8 billion, reflecting a modest 0.5% increase. This slight growth was driven by strong results earlier in the year, including a peak in May when MGM National Harbor reported $75.4 million in revenue, up 4.3% compared to May 2024.
It’s also important to know that Maryland’s casino revenues support a range of sectors beyond education, including local governments, the horse racing industry, and small, minority, and women-owned businesses. As July ushers in a new fiscal year, state regulators and stakeholders will be closely watching performance trends. This is to determine whether broader economic and seasonal factors will continue to influence casino revenue in the latter half of 2025. Moreover, June saw quite a few changes in the gambling scene in the state. Notably, tribes challenged Kalshi’s sports betting moves in Maryland, claiming they violate tribal gaming laws in the state.
Noted in the main report, Maryland has six licensed casinos that offer both slot machines and table games to eligible residents. Two of these venues, MGM National Harbor and Live! Casino & Hotel, which are also the largest gambling properties in the state, both posted declines in June. MGM National Harbor generated $67.17 million in revenue, a 1.4% decrease, while Live! Casino experienced a 2.4% drop to $58.96 million.
In contrast, the article points out, Ocean Downs Casino saw a 4.3% revenue increase, reaching $8.48 million. Horseshoe Casino reported a modest uptick of 0.8% to $14.22 million. Revenue at Rocky Gap Casino remained steady, while Hollywood Casino Perryville recorded a 3.7% decline.
In other news, Maryland sportsbooks might soon extend fewer promotions and incentives to bettors should a proposed regulatory change be enacted, a new report says. The Maryland State Lottery and Gaming Control Agency regulates all forms of gambling within the state, including retail and online sports betting. Moreover, the regulatory agency has proposed an amendment to its conditions governing how online sportsbooks market to consumers. Under the current law, a licensed online sportsbook can deduct 100% of the promotional money given to bettors from their tax obligations in their first year in business. After the license’s first full fiscal year in operation, the decline was to 20%.
The state gaming regulator wants to further reduce how much promo money mobile sportsbooks can deduct. Per the article, the agency has suggested a cap of 5% in year two moving forward. Maryland is currently home to 15 active online sportsbook platforms. Notable operators include market dominators like FanDuel and DraftKings.
Noted in this space before, Maryland is home to one of the richest sports betting industries, as the small yet affluent population cherishes its Baltimore sports teams. In the 2024 fiscal year, the state directed over $60 million in sports wagering taxes to the Blueprint for Maryland’s Future Fund. This is a program that supports public education. Lawmakers, however, continue to seek a bigger slice of the pie. Earlier this year, Gov. Wes Moore (D) signed the state budget into law that included a tax hike on sportsbooks from a rate of 15% to 20%. By greatly reducing how much promotional money an online sportsbook can deduct from its tax bill would further increase the state’s benefit from legal online sports betting.
Once you are all up to speed in relation to the latest gaming updates coming from Maryland, make sure to peruse the excellent array of info available to you from SBS. For even more analysis on the topic covered here, the Maryland sports betting guide has your back with all of the latest updates from the region and beyond. Additionally, for those who are eligible and qualify, the BetOnline sportsbook review rundown has your back. On this page, you can see all of the latest updates coming from the outlet and whether it might make sense for you. Finally, for those who are eligible and looking to maximize their wagers, the best bonus betting sites breakdown is an awesome page to peruse. Here you can find a catalogue of the latest and greatest welcome bonus offers to keep you rolling.
About the Author
As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football and basketball across the country. Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones. CURRENTLY Business Development and freelance sports writing RESIDES IN Reno, NV EDUCATION University of Nevada BS and MBA EXPERTISE -Sports writing proficiency in: NFL, NBA, UFC, boxing, golf, and some motor sports -Topical news -Promotional and marketing ideas/updates -Business development Summary Chris Boline serves in a business development sales capacity as his day job. He has previously held sales/marketing positions with The Applied Companies (TAC), KTVN 2 News and the NBA G League’s Reno Bighorns, affiliate of the Sacramento Kings. He is a Reno native and is a member of various community boards including the Nevada Sagebrush Alumni Chapter, NCET and the College of Business Alumni Association (COBAA). Chris graduated from the University of Nevada in 2015 with a bachelors in management and economics and also earned his MBA from Nevada in 2023. More about Chris: Past president of the College of Business Alumni Association (COBAA) 2022-23 Two-time honoree for University of Nevada Alumni Chapter of the Year (Nevada Sagebrush Alumni Chapter, 2017 & COBAA, 2021) 2021 NCET award for Professional Services Organization of the Year with TAC Northern Nevada Human Resources Association 2020 Best Places to Work-Northern Nevada, Second Place with TAC 2016-17 Reno Bighorns MVP from the Sacramento Kings The Nevada Sagebrush editor-in-chief 2013-15 Associated Collegiate Press 2015 Four-year Non-daily Newspaper Pacemaker honoree University of Nevada, Reno College of Business Dean's List honoree (5x) from 2011-2015 Nevada Press Association award for Best Sports Column – Community in 2015 Education
Read Chris's ProfileAsk Chris about this guide:
