Maryland casinos post slight decrease in revenue

maryland decrease revenue

Maryland perceived US$63.6 million from casino gaming revenue contributions. Credits: WIBC.com

The Maryland facilities totalled US$152.2 million in gaming revenue, which is a 2.7% decrease over 2018.

US.- The Maryland Lottery and Gaming revealed on Wednesday that gaming revenues for the state’s six casinos in May were US$152.2 million. These results represent a 2.7% decrease in revenues year-on-year when compared to the US$156.5 million registered in Maryland in May 2018.

Maryland perceived US$63.6 million from casino gaming revenue contributions, including US$47.7 million for its Education Trust Fund. “As Maryland’s casinos reach full development of their respective markets, we will begin to see more volatility in month-over-month results, as today’s report shows,” said Maryland Lottery and Gaming Director Gordon Medenica. “We fully expect long-term growth to continue to be positive.”

Once again, MGM National Harbor was the facility with the biggest share of revenue in May 2019 to US$59.1 million, but posted a 5.1% decline from May 2018. Live! Casino & Hotel generated US$53.4 million in May 2019 and rose its revenues by 2.8%.

Moreover, Horseshoe Casino Baltimore generated US$20.5 million last month but posted the biggest decline in revenue, which represents a 14.6% fall. Ocean Downs Casino only generated US$7.2 million but was the only casino in the state that posted positive double figures.

Did you like this article?