Maryland casinos report record revenue in March

Maryland’s six commercial casinos together reported $169.2m in revenue in March.

US.- The six commercial casinos in Maryland together reported revenue of $169.2m in March after several months severely impacted by the pandemic.

The figures from Maryland Lottery and Gaming represent an increase of US$43m from February’s revenue of $126.2m. They also break the state record of $163.3m set two years earlier in March 2019.

Maryland lifted some capacity restrictions in March. Four casinos are now operating at full capacity, while MGM National Harbor in Oxon Hill and Horseshoe Casino Baltimore raised their capacity limits from 25 per cent to 50 per cent.

MGM National Harbor was the top performer, generating US$66.5m, up 6 per cent higher from March 2019 (casinos closed in March 2020). Live! Casino & Hotel in Hanover followed at US$61.1m (up 9.2 per cent against 2019).

Hollywood Casino Perryville saw the biggest spike compared to two years earlier, up 21 per cent to US$8.7m. Ocean Downs Casino in Berlin reported US$7.5m in revenue (13.3 per cent higher than March 2019), and Rocky Gap Casino Resort in Flintstone reported $5.6m (up 8.6 per cent).

Horseshoe Casino, which still has capacity limits in place, was the only Maryland casino not to beat revenue from two years earlier, down 22.7 per cent at US$19.8m.

The casinos contributed US$71m to Maryland’s coffers in March, with $51.6m going to the Education Trust Fund.