Since the opening of Maryland’s first casino in 2010, contributions to the state Education Trust Fund have surpassed $6 billion.
Maryland’s six casinos generated $160.5 million in gaming revenue in October 2024, marking a modest increase of 0.4% over the same period last year, according to Maryland Lottery and Gaming. The slight rise, totaling an additional $712,557, reflects the state’s ongoing strength in the casino sector despite a mixed performance among individual properties.
In October, the casinos contributed $68.6 million to Maryland’s coffers, a 1.9% year-over-year increase. The Education Trust Fund, which benefits from a majority portion of the gaming revenue, received $49.5 million, up 2% from October 2023. Since the opening of Maryland’s first casino in 2010, contributions to the fund have surpassed $6 billion.
Revenue from Maryland’s casinos also supports local communities, Maryland’s horse racing industry, and minority- and women-owned businesses, expanding the economic impact beyond state contributions.
Among the state’s six casinos, MGM National Harbor led with $69.2 million in revenue, a 2.8% increase compared to October 2023. Live! Casino & Hotel in Anne Arundel County followed with $58.7 million, rising 1.5%. Hollywood Casino Perryville also saw gains, reporting $7.2 million, up 7.3%.
Three casinos experienced declines in revenue. Horseshoe Casino Baltimore dropped 7.5% to $13.8 million, Ocean Downs Casino saw a 10.8% decrease to $7.3 million, and Rocky Gap Casino Resort fell 11.1% to $4.4 million.
Meanwhile, efforts to legalize online casino gambling in Maryland have stalled. A recent bill passed the Maryland House but failed in the Senate due to concerns from two major casino operators, who expressed worries about potential revenue loss and job impacts. Any renewed push for legalization will likely require voter approval, with changes not expected before 2026.
https://www.yogonet.com/international/news/2024/11/07/84517-casinos-in-maryland-report-1605-million-in-october-revenue-giving-back-686-million-to-state