The latest revenue report from the Maryland State Lottery and Gaming Control Commission (MLGCC) has revealed that the state’s six licensed casinos generated $153.8 million in revenue for the month of January.
This marks a drop of 11.04% in revenue from the previous month’s reported figure of $172.9 million. Gambling revenue for January increased by 19.4% year-on-year, however, the report does note that in early 2021, casinos across the state were operating at reduced capacity.
The state collected over $62.4 million, a drop of 13.78% on the contributions made during the previous month. Of that figure, $45.5 million went directly to the Education Trust Fund (ETF), $6.2 million less than in December.
The monthly report once again gives a detailed breakdown of revenues posted by each of the state’s six casinos:
- MGM National Harbor — $67,090,648 up 32.8% from January 2021
- Live! Casino & Hotel — $54,631,052 up 14.4% from January 2021
- Horseshoe Casino — $16,112,570 up 17.1% from January 2021
- Hollywood Casino — $6,651,783 down 2.8% from January 2021
- Ocean Downs Casino — $4,967,726 down 12.3% from January 2021
- Rocky Gap Casino — $4,300,336 up 1.8% from January 2021
Sports betting revenue figures for December
Sports betting launched in Maryland on Thursday December 9th. 5 retail sportsbooks launched during the month while a mobile sports betting launch date has yet to be finalized.
According to the MLGCC, Sports betting operators reported accepting over $16.5 million in wagers during December. This figure included promotional wagers given to players by sportsbooks. Combined player winnings for the month amounted to $13.3 million resulting in a 19.1% hold for operators. Taxable revenue for the month totaled $3.1 million allowing the state to collect $469,297 in sports wagering taxes.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.