Maryland Gambling Revenues top $165 Million as Casinos Prepare for Sports Betting Launch

by Ciaran McEneaney - Thursday, October 7th, 2021 9:16

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 McEneaney

Ciaran has a decade of experience writing for some of the biggest names in the eSports, poker, and casino industries.