The latest revenue report from the Maryland State Lottery and Gaming Control Commission has revealed that the state’s six casinos combined to generate $165.3 million in gambling revenue during the month of September. The latest figures mark an increase of 15.1% ($21.7 million) on the same period in 2020.
The commission reported that contributions to the state during the month of September totaled $68.9 million, up over $9.2 million on the same period in 2020. However, it also noted that casinos were operating at just 50% capacity during September 2020. Of the $68.9 million paid to the state, over $50 million went to the Maryland Education Trust Fund.
The monthly report gives a breakdown of September revenues for each of the state’s six licensed casinos.
MGM National Harbor — $69,496,983 up 20.9% from September 2020
Live! Casino & Hotel — $56,496,012 up 14.9% from September 2020
Horseshoe Casino — $17,532,299.25 down 0.5% from September 2020
Ocean Downs Casino — $9,034,196.09 up 17.4% from September 2020
Hollywood Casino — $7,465,134.40 up 11.1% from September 2020
Rocky Gap Casino — $5,363,413.14 up 6.4% from September 2020
While the state casinos’ combined gaming revenue dropped slightly from the $168 million generated in August, the industry as a whole has enjoyed a relatively successful summer period.
The news of Maryland’s impressive gaming revenue comes following the initial approval of several potential sports betting operators allowing each to now apply for a license. At the time of writing there are now 17 operators/locations that are eligible to apply for a sports betting license through the Maryland Lottery and Gaming Control Commission although those that apply will need to be first vetted by the newly created Sports Wagering Application Review Commission.
With the Commission due to meet again on October 14th, Maryland sports betting could potentially launch by the end of the year.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.
