Maryland casinos hit $160m revenue in November
The state’s casinos have registered a 23 per cent increase in revenue compared to November 2020.
US.- Maryland’s casinos registered more than $160m in revenue in November, a 23 per cent increase compared to November 2020, when casinos were still operating with capacity restrictions. MGM National Harbor registered the largest share, with $67.9m, up 22.7 per cent year-on-year. Live! Casino & hotel generated $58m, a $13m increase.
Horseshoe Casino generated $15.7m, Hollywood Casino $7m, Ocean Downs Casino $6.6m, and Rocky Gap Casino, $4.9m.
According to the Maryland Lottery and Gaming Control Commission, over $67m (41 per cent) of revenue went to the state, up by nearly $13.5m compared to the $53.7m contributed in November 2020. The state’s casinos generated nearly $49m for the Education Trust Fund, $10m more than the same period last year.
Gaming venues approved for sports betting
Last week, the Maryland Lottery and Gaming Control Commission (MLGCC) announced that Riverboat on the Potomac in Colonial Beach and Long Shot’s in Frederick have met the qualification requirements for sports wagering licences. The two venues will now need to be reviewed by the Sports Wagering Application Review Commission (SWARC).
On November 18, the state’s SWARC approved licences for five casinos. Horseshoe Casino in Baltimore, Live! Casino and Hotel in Hanover, MGM National Harbor in Oxon Hill, Hollywood Casino in Perryville and Ocean Downs Casino in Berlin were awarded licenses and are on track to launch operations later this month.
See also: Maryland casinos ask state to act on sports betting licence delay
