Maryland Casino Revenue in December 2024 Sees Small Decline

Maryland’s six casinos collectively brought in $164.1 million from slot machines and table games during December 2024. This figure represents a modest 0.9% decline compared to the same month in 2023. Contributions from gaming revenue to the state reached $69.8 million, reflecting a slight 0.5% drop year-over-year.

Education Trust Fund Benefits Despite Decline

Out of the December contributions, $50.4 million was allocated to Maryland’s Education Trust Fund (ETF), which s the state’s public schools. While this amount showed a 0.5% decrease from December 2023, broader trends paint a more positive picture. In the first half of Fiscal Year 2025—covering July to December 2024—casino gaming revenue saw a 1.2% year-over-year increase. During this period, contributions to the state grew by 2.5%, with ETF funding rising by 2.6%.

Beyond education, Maryland’s casino-generated funds also local jurisdictions hosting these establishments, the horse racing industry, and small, minority- and women-owned businesses. The state’s six privately operated casinos feature diverse gaming options, including a variety of slot machines and table games, aimed at attracting a wide range of patrons.

Among Maryland’s casinos, MGM National Harbor secured the top spot in December 2024, generating $73.6 million in revenue—a 4% year-over-year increase. Live! Casino & Hotel followed, earning $59.1 million, though this marked a 2.4% decline compared to December 2023.

Horseshoe Casino Baltimore recorded $13.2 million, reflecting a notable 12.9% drop in revenue. Hollywood Casino Perryville and Ocean Downs Casino each brought in $7.1 million. However, their performance diverged, with Hollywood experiencing a 6% decrease, while Ocean Downs saw a slight 0.8% rise. Rocky Gap Casino Resort rounded out the group with $3.9 million, marking an 11.9% revenue decline.

Broader Trends in Maryland’s Gaming Industry

The slight dip in December’s year-over-year figures highlights the combined effects of regional competition and seasonal trends. Despite this, Maryland’s gaming industry remains a vital contributor to the state’s economy. The consistent revenue growth observed during Fiscal Year 2025 underscores the sector’s significance in funding education, infrastructure, and community projects.

For more detailed data, including individual casino earnings and year-to-date totals, additional information is available online.

Source:

”Maryland casinos generate $69.8 million for state in December”, cdcgaming.com, January 07, 2025.