Maryland’s May 2024 casino revenue sees a 2.2% increase year-over-year

Updated June 9, 2024
Updated June 9, 2024By Chris Boline
maryland betting news june 2024

Over in Maryland, state gaming revenues continue to expand at a solid pace, bringing in millions of dollars each month. Per a recent report, Maryland’s six casinos collectively generated $173,152,961 in revenue from slot machines and table games during May 2024. This figure marks the ninth-best single-month total in the history of the state’s casino program and represents a 2.2% increase compared to May 2023, translating to an additional $3,751,595 in revenue. Moreover, in terms of contributions to the state, casino gaming provided $74,449, 247 in May 2024, which is a 5.1% increase from the previous year, amounting to an additional $3,617,661. 

For this article, SBS will be going over the latest updates coming from Maryland regarding gaming and also more notes about the overall news coming from the Old Line State. 

Maryland gaming revenues contribute to education fund

As noted in the article and also in this space in the past, the contribution number of $74,449,247 helps give back to various causes in the state. Of this total, contributions to the Education Trust Fund totaled $53,663,328, which is a 4.2% increase, or $2,174,989, compared to May 2023. The casino revenues also support local communities, Maryland’s horse racing industry, and small, minority, and women-owned businesses. 

Per the same article, Maryland’s six privately owned casinos, offering a mix of slot machines and table games, include MGM National Harbor in Prince George’s County; Live! Casino & Hotel in Anne Arundel County; Horseshoe Casino Baltimore in Baltimore in Baltimore City; Ocean Downs Casino in Worcester County; Hollywood Casino Perryville in Cecil County; and Rocky Gap Casino Resort in Allegany County. 

May earnings report covers revenue from each casino

As noted in the article, each casino also offers individual revenue numbers from the past month and how they fit into the overall gaming picture in the state. With 2,285 slot machines and 207 table games, MGM National Harbor generated $72,267,476 in May 2024. This represents a modest increase of 0.8%, or 550,561, compared to May 2023. Meanwhile, Live! Casino & Hotel with 3,839 slot machines and 179 table games, recorded a significant increase of 10.3%, or $,098,296, from the previous year. The Horseshoe Casino Baltimore with 1,373 slot machines and 115 table games, reported $14,723,010 in revenue for May 2024 which marked a decrease of 15.9%, or $2,793,033 from May 2023. 

Meanwhile, the Ocean Downs Casino, operating with 871 slot machines and 19 table games, earned $8,351,868 in May 2024, down by 0.6%, or $50,243, compared to the previous year. Conversely, the Hollywood Casino Perryville with 721 slot machines and 23 table games, generated $7,806,954 in May 2024, a 2.7% increase, or $204,423, from May of last year. Finally, the Rocky Gaps Casino Resort, which houses 641 slot machines and 16 table games, reported $4,970,673 in May 2024, reflecting a 4.9% decrease, or $258,409, compared to May 2023 per the report. 

Casino revenues shared with variety of state causes

Also noted in the article is the “substantial revenue” generated by these casinos not only supports the state’s Education Trust Fund but also benefits local jurisdictions and communities where the casinos operate. Additionally, the funds assist Maryland’s horse racing industry and contribute to the growth of small, minority- and women-owned businesses across the state. Of course, the state has also made it a priority to channel a portion of these funds back to education programs across the region that would support the public school system. Moreover, there are a variety of initiatives in the state that support education on gambling and provide services to those who are having issues with gambling and related activities. 

In other news, Betr, an online gaming outlet, has received initial approval from the Maryland Lottery to receive a sports betting license in the state per another article. The Maryland Sports Wagering Application Review Commission will have to approve before the firm receives a license. In January, Betr announced market access deals for online sportsbooks and casinos in Pennsylvania and for online sportsbooks in Colorado and Kentucky. Per its website, Betr Picks is a “new way to enjoy fantasy sports where you can pick MORE or LESS for your favorite players’ stats to win up to 1000x” the player’s entry. The company is focused on “disrupting legacy gaming and legacy media” but still needs some more approval from certain government outlets in the state. 

Other thoughts & notes pertaining to Maryland gaming

Once you are all dialed in regarding the latest gaming news and notes coming from the Old Line State, make sure to check out the fantastic array of information available to you only at SBS. Of course, for even more analysis on the state covered here, the Maryland sports betting guide is a must-read resource where you can find the latest gaming news from the area. On a separate note, for those looking to diversify their deposit and withdrawal options, the payment methods rundown is a great guide as well. Here you can find a variety of options from crypto to more traditional banking routes and more. Finally, if you are intrigued by some higher-stakes wagering options, then check out the VIP sports betting sites breakdown which goes over the perks of VIP betting, and see if it might be the right fit for you. 

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About the Author

Chris Boline
Chris Boline

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 in the Mountain West Conference, and basketball. 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.

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