Maryland’s casinos posted strong numbers for October, bringing in nearly $161 million in gaming revenue. The state’s six commercial casinos experienced a modest but steady increase compared to the same month last year, reinforcing their position as major revenue sources.
Revenue Breakdown by Casino
In October, Maryland’s casinos collectively generated $160,524,322 from slot machines and table games. While the increase may seem slight, it highlights the resilience of the state’s casino industry. The revenue represented a 0.4% increase—$712,557—over October 2023.
These locations led the gains in October, showing stronger foot traffic and gaming activity. However, the other three casinos saw a slight decline in revenue compared to last year, contributing to the mixed performance across the state.
Contributions to State Funds
One of the critical roles Maryland’s casinos play is contributing to the state’s education and infrastructure. October’s revenue brought in significant funds for these purposes. The casinos contributed $68,562,306 to Maryland’s coffers, a 1.9% increase compared to October 2023. This contribution—$1,307,235 more than last year—goes toward the Maryland Education Trust Fund, local grants, and other state initiatives.
Quick Figures for October:
- Total Gaming Revenue: $160,524,322
- Contribution to State: $68,562,306
- Year-Over-Year Revenue Increase: 0.4%
- Year-Over-Year Contribution Increase: 1.9%
These funds are critical to Maryland’s budget, especially in supporting the state’s educational programs.
Mixed Year-Over-Year Growth Across Casinos
Not all of Maryland’s casinos had a stellar month. Here’s a quick look at how individual casinos fared compared to last October:
| Casino | October 2024 Revenue | October 2023 Revenue | Year-Over-Year Change |
|---|---|---|---|
| MGM National Harbor | Up | — | Positive Growth |
| Live! Casino & Hotel | Up | — | Positive Growth |
| Hollywood Casino | Up | — | Positive Growth |
| Horseshoe Casino | Down | — | Negative Growth |
| Ocean Downs Casino | Down | — | Negative Growth |
| Rocky Gap Casino | Down | — | Negative Growth |
While the larger casinos held steady or saw growth, smaller or more regional locations like Ocean Downs and Rocky Gap faced challenges, suggesting that local market conditions or competition could be affecting their performance.
What’s Driving the Casino Gains?
Several factors likely contributed to Maryland’s October casino gains. For starters, casinos in the state have broadened their entertainment offerings, adding more slot machines, expanding poker tournaments, and hosting live shows. These added attractions help bring in visitors beyond just traditional gamblers. MGM National Harbor and Live! Casino & Hotel, for instance, have introduced amenities designed to attract both locals and tourists, creating a more diverse and consistent customer base.
Another factor could be the slight easing of inflation, leaving Marylanders with more discretionary spending power. With economic pressures loosening somewhat, consumers may feel more inclined to enjoy a night out, and casinos benefit from that uptick in spending.
