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.
- MGM National Harbor: $68.1m – 9.8% annual decrease
- Live! Casino & Hotel: $60.9m – 1.9% year-on-year decrease
- Horseshoe Casino: $14.7m -10.8% decline from April 2023
- Hollywood Casino: $7.9m – 6.0% yearly increase
- Ocean Downs Casino: $7.3m – 7.6% decrease from April 2023
- 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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