MGM Harbor helps boost Maryland revenue

maryland

The contribution made by the casinos goes directly to Maryland’s Education Trust Fund.

The casino opening helped generate record revenue for the state in December.

US.- The Maryland casino that opened in December helped the state get record-breaking revenue. The six casinos totaled US$133 million in state wide revenue, surpassing the previous record from May 2016, where they generated US$104 million.

MGM National Harbor, located in Price George’s County, opened its doors on December 8, and in just three weeks it generated US$41.9 million in slot machines and table games. The casino’s contribution to the Education fund of Maryland was almost US$12.6 million. Gordon Medenica, Maryland Lottery and Gaming Director, said: “We anticipated that December would be a record-breaking month, and we are tremendously enthusiastic about the future of Maryland’s casino program. MGM National Harbor is an outstanding facility in an ideal location, and we are confident that its success will fuel the continued growth of revenue that supports vital state programs.” Horseshoe Casino Baltimore, Rocky Hap Casino Resort and Casino and Ocean Dows also saw an increase in their revenues in December.

On the other hand, Maryland Live Casino and Hollywood Casino Perryville experienced a slight decrease compared to the same period in 2015. “Given the intense spotlight on the opening of MGM National Harbor, the December numbers for Maryland’s other casinos are in line with our expectations, and we’re pleased to see the increases at Ocean Downs, Rocky Gap and especially Horseshoe. I am confident that as our casino program continues to evolve, each of the six casinos will establish its unique presence in the marketplace,” said Medenica. Maryland casinos grew 40 percent compared to December 2015, where the existing casinos generated US$38 million less than in 2016.