Maryland’s casinos set new gaming revenue record in October

Revenue increased more than 37 per cent compared to October 2021.
Revenue increased more than 37 per cent compared to October 2021.

MGM National Harbor generated more than $115m, up 105.8 per cent from October 2021.

US.- Maryland’s six casinos generated $212.9m in gaming revenue in October. That’s an increase of more than 37 per cent from October 2021 and beats the previous single-month record of $180.1m set in July 2021. Revenue was up from $159.3m reported in September 2022.

According to the Maryland Lottery and Gaming, MGM National Harbor led the way with more than $115m up 105.8 per cent from October 2021. Live! Casino & Hotel at Arundel Mills generated $59.7m, down 1.9 per cent. Baltimore’s Horseshoe Casino recorded $17.4m up 1.5 per cent.

As for the state’s three smaller casinos. Ocean Downs registered $8m, up 4.7 per cent from October 2021, Hollywood Casino recorded $7.5m, down 1.3 per cent and Rocky Gap Casino $5.2m, down 9.5 per cent.

The state took almost $80m from October’s gaming revenue for various state programmes. The Education Trust Fund received $58.3m.

Maryland retail sports betting handle climbs to $31.4m in September

Maryland’s seven sportsbooks registered a sports betting handle of $31.4m in September, a 67.9 per cent increase compared to August’s $18.7m. According to the report from the Maryland Lottery and Gaming Control Commission, sportsbooks posted a 17.6 per cent hold for the month.

The win rate just surpassed August’s 17.2 per cent. Maryland collected $984,308 in taxes, most of which go to the Blueprint for Maryland’s Future Fund.

Live! Casino, which operates a FanDuel Sportsbook, reported a $12.7m handle. It was followed by MGM National Harbor (BetMGM) with $8.6m. Horseshoe Casino (Caesars Sportsbook) and Ocean Downs Casino (TwinSpires) reported a $1.5m handle. Hollywood Casino (Barstool Sportsbook) rounded up the top five with $1m.

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Land-based casinos Maryland Lottery and Gaming Commission