Maryland casino revenues drop 7.4%

Casino revenues were down year-on-year for all but two casinos.
Casino revenues were down year-on-year for all but two casinos.

All but two of Maryland’s casinos saw a year-on-year drop in revenue for November.

US.- Casino revenues in Maryland were down by 7.4 per cent year-on-year in November, according to figures released by Maryland Lottery and Gaming.

The regulator reported that casinos collectively generated $130.3m in revenue, 7.4 per cent less than the $140.8m in the same month last year.

The reduced revenues mean less money set aside for the state’s Education Trust Fund (ETF) and for sectors supported by gambling revenues, such as Maryland’s horse racing industry.

The ETF received $39m in November 2020, $5.2m (11.8 per cent) less than the $44.3m received in November 2019.

Two casinos did manage to increase their revenues in November. Hollywood Casino took in $15.2m, up 1.6 per cent year-on-year. MGM National Harbor saw $55.3m, up 2.6 per cent.

At present, all of Maryland casinos are operating at 50 per cent capacity, with the exception of the Horseshoe Casino which is operating at an even lower capacity of 25 per cent normal levels.

Last month, concerns were raised over a lack of transparency on Covid-19 cases at Maryland casinos after a media outlet launched an investigation.