Maine's Casino Industry Bounces Back in March with $14.3M in Revenue

decline in February, Maine’s commercial casino sector showed signs of recovery in March 2025. According to figures released by the Maine Gambling Control Unit, the combined net revenue from Hollywood Casino in Bangor and Oxford Casino in Oxford County reached $14.3 million for the month. This marks a 1.9% increase compared to the $14.1 million generated in March 2024.

Hollywood Casino Reports Year-over-Year Growth

Hollywood Casino posted a net revenue of $5.7 million in March 2025, reflecting a 4.8% increase from the $5.5 million reported during the same period last year. Slot machines played a key role in this growth, with slot revenue rising 7.2% to $4.8 million, up from $4.5 million in March 2024.

However, the gains in slots were offset by a decline in table game performance. Hollywood Casino’s table game revenue dropped 7.1% year-over-year, falling from $968,047 to $903,868.

In contrast, Oxford Casino recorded a decrease in net revenue for March 2025, bringing in $8.6 million—a 5.4% drop from the $9 million earned in March of the previous year. Slot revenue at the Oxford facility slipped by 4%, generating $7.2 million compared to $7.5 million in March 2024.

The table game segment saw a more significant decline. Revenue from these games dropped by 12%, falling from $1.5 million to $1.3 million year-over-year.

While the year-over-year growth was modest, March’s figures were a notable rebound from February’s performance. The $14.3 million collected in March marked a 43% jump from February 2025, when combined net revenue totaled just $10 million.

In Earlier News: February Revenue Fell Sharply Year-on-Year

The recent upswing in March follows a concerning downturn in February 2025, when both of Maine’s commercial casinos reported significant year-over-year losses. According to data from the Maine Gambling Control Unit, combined casino revenue for February fell to $10 million—a 27% drop compared to the $13.7 million recorded in February 2024.

Hollywood Casino experienced a sharp contraction in February. Slot machine revenue dropped to $3.3 million, down 18.5% from $4 million in February 2024. Table game revenue also fell by 20.7%, with earnings decreasing from $864,141 to $685,448.

These figures indicate declining demand for both slots and table games at the Bangor-based casino, highlighting concerns about broader market challenges.

Oxford Casino experienced similar difficulties. Slot revenue fell by 32.3%, declining from $7.3 million in February 2024 to $5 million in February 2025. The table game segment also struggled, generating just $1 million—down 31.7% from the previous year’s $1.5 million.

The significant losses at Oxford Casino underscored the overall fragility of the state’s casino sector during that period.

The revenue downturn in February 2025 was not limited to annual comparisons. When measured against January 2025, February’s combined net revenue dropped by 23%, from $13 million to $10 million. Hollywood Casino’s earnings fell from $5 million in January to $4 million in February—a 20% drop. Oxford Casino’s revenue decreased by 24%, from $7.9 million in January to $6 million in February.

These back-to-back losses suggested that Maine’s casino market may be confronting longer-term issues beyond typical seasonal fluctuations.

Potential Reasons Behind the Revenue Declines

Several contributing factors may explain the revenue declines observed in February. One significant challenge is the growing presence of online gambling platforms, which offer players convenience and accessibility that land-based casinos may struggle to match. As online sports betting and casino games become more popular in other states, some patrons may be shifting away from physical venues.

Economic pressures also appear to be playing a role. Rising costs of living and inflation may have reduced discretionary spending among consumers, making entertainment options like casino visits less attractive. Changes in regional regulations or broader economic slowdowns could be other variables impacting the industry.

Despite these headwinds, the March revenue increase offers a potential sign of stabilization for Maine’s casino market. Both Hollywood and Oxford Casinos continue to serve as key players in the state’s gaming landscape, and future trends will depend on how they adapt to shifting player habits and broader industry dynamics.

Source:

‘’Maine casino revenue up 1.9% year-over-year in March’’, cdcgaming.com, April 15, 2025.