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Maryland Casino Revenue Drops In April Month-On-Month Figures

olivertaliku

Maryland casino revenue dropped through April, as month-on-month figures took a dramatic plunge during a disappointing month for its six land-based casinos.

According to Maryland’s latest betting revenue report, the Free State earned $163.2Million during April from slot and table games at their six in-person casino sites.

April’s casino revenue figures dropped by a whopping 6.6% compared to last years numbers for the same month. There was also an 8.8% decline in month-on-month revenue from March this year, when Maryland casinos reported their best monthly figure in 2024 so far with $178.14m.

March was Maryland’s most successful month for casino revenue so far this year but despite a disappointing April, last month’s numbers still topped January and February where casino profits within the state lagged.

Online casinos still aren’t active in MD, but the state had the opportunity to legalize them earlier this year. The senate has confirmed they won’t file a bill an online casino bill until 2025 at the earliest date.

Maryland Casino Revenue Drops: Breakdown

See below for a breakdown of Maryland’s casino revenue through April.

  1. MGM National Harbor: $68.1m – 9.8% annual decrease
  2. Live! Casino & Hotel: $60.9m – 1.9% year-on-year decrease
  3. Horseshoe Casino: $14.7m -10.8% decline from April 2023
  4. Hollywood Casino: $7.9m – 6.0% yearly increase
  5. Ocean Downs Casino: $7.3m – 7.6% decrease from April 2023
  6. Rocky Gap Casino: $4.3m – 20.6% annual drop

The numbers showed that almost every casino in Maryland struggled in April this year, with the only exception being Hollywood Casino in Perryville that redeemed the state with a 6% rise on its figures from last year.

One of the main factors in Maryland’s struggles during April was the lack of gaming contributions which totalled to just $69.8m – a 3.6% annual drop and 8.8% monthly decrease.

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olivertaliku

Olly Taliku has worked with highly respected sports and gambling websites where he has produced hundreds of articles, as well as being published with Burton Albion and Chesterfield FC. At Burton Olly worked closely alongside the women's team, producing mainly matchday content including reports and interviews, while at Chesterfield he worked in a similar role but with the academy side, as well as some first team content. He also has experience as an accredited Premier League and EFL writer for Prost International where he worked during the 2021/22 season to produce matchday content as an on location reporter. Olly specialises in football as well as long form SEO content plus news, tips and betting but also produces content on basketball, baseball and American football.