Per a report from the CBS affiliate in Baltimore, Maryland’s casinos saw another banner month in August for gaming revenues. According to the update article from WBOC in Baltimore, Maryland’s six casinos were able to combine for $169,351,853 in gaming revenue last month. This total represented an increase of $892,605 or a 5% increase from August of 2021, according to the Maryland Lottery and Gaming board. While overall gaming revenues increased in 2022, casino gaming contributions in the state were down year over year, at 6%.
For this article, SBS will take a deeper dive into these numbers, what they mean, and also some more thoughts and notes about Maryland gaming.
In the same report from WBOC, the CBS outlet reported that contributions to the Education Trust Fund in August were down year over year. Contributions for this year came in at just around $51,496,162, which was a decrease of $293,463 or six percent from August of last year. Per the article, and as one would assume, casino gaming revenues also support the communities and jurisdictions where the casinos are located. This includes establishments and organizations like Maryland’s horse racing industry and small minority and women-owned businesses.
For those not familiar, Maryland’s six privately owned casinos offer both slot machines and table games. This includes MGM National Harbor in Prince George’s County, Live! Casino & Hotel in Anne Arundel County along with Horseshoe Casino Baltimore in Baltimore City. Moreover, this also takes into account Ocean Downs Casino in Worcester County, Hollywood Casino Perryville in Cecil County, and Rocky Gap Casino Resort in Allegany County according to the report.
Per the report from WBOC, the MGM National Harbor had the largest total revenue last month ($71,810,461) and also had the largest total revenue increase from August of last year at $4,389,252 or 6.5%. The Live! Casino and Hotel had the second highest total revenue number last month but had a 4.5% revenue decrease ($2,705,444) from August 2021. In third place was the Horseshoe Casino with just over $17 million in revenue last month, but also had a decrease of $762,253 or 4.2%. Finally, in terms of total revenue percentage increase from August last year, the Ocean Downs Casino led the way with a 6.8% increase with $671,963 in revenue.
Once you are done getting all up to speed on the Maryland gambling scene, SBS has done a lot of the heavy lifting for you by putting together a ton of great resources. Obviously, the next page you should check out is the Maryland sports betting page which goes over all the latest updates and news related to the Old Line State. In addition to this great resource, SBS has the gambler on the go covered with our mobile betting sites rundown. Here, you can find out all the different ways to wager with your mobile device and some other sportsbook app criteria. In addition to those fine updates, make sure to look into the SBS payment methods breakdown which outlines all the various payment options available to you.