DC-Baltimore casino market surpasses New York
The region’s market has taken the fourth spot in the US after generating US$1.77 billion in GGR last year.
US.- The Washington DC-Baltimore casino market has overtaken New York City’s as the fourth largest in the US. The region posted US$1.77 billion in gaming revenue last year, 200 million more than New York’s US$1.57 million, mainly thanks to MGM National Harbor’s US$608.6 million.
The casino market for the area is now only behind Las Vegas, Atlantic City and Chicago in commercial gaming revenue, according to an American Gaming Association (AGA) report. Its growth was driven by expanded gaming in Maryland, which saw revenue rise from US$1.2 billion in 2016 to US$1.61 billion in 2017, up 34.2%.
According to Gordon Medenica, Director of Maryland Lottery and Gaming, the local industry “is not resting on its laurels” as investment in properties can be seen in the area, with the addition of both gaming and nongaming amenities. “These investments are clearly designed to attract new customers and spur continued growth,” he explained.
MGM National Harbor was the leading gaming facility in the state and recently opened a second-floor gaming area. The Live! Casino also invested in an expansion project as it opened a 17-story hotel tower and events centre. The venues rank third and ninth nationwide in gross gaming revenue.
In addition to the already thriving casino market, Maryland is expected to continue expanding its gambling offering. As sports betting has been cleared to be legalised nationwide, experts forecast the segment to be approved in the state by 2020.
