The Maryland Gaming Commission has released its latest monthly revenue report revealing that casinos reported a combined $157.7 million in revenues throughout the month of November.
The latest revenue figures mark a drop of 3.5% compared to November 2022 when the state’s six casinos reported revenues of $152.1 million. Casinos also saw a slight decrease of 1.3% on the previous month’s revenue total.
November was the third lowest month of 2023 in terms of revenue. This brings the year-to-date revenue total for 2023 to $1.8 billion while the fiscal year 2024 total so far stands at $808.3 million.
Three of the state’s six casinos reported positive year-on-year revenue increases as MGM National Harbor once again led the market.
The gaming revenue totals for November 2023 for each individual casino are as follows:
| Casino | Slots/Table Games | Revenue | Year-on-Year -/+ |
|---|---|---|---|
| MGM National Harbor | 2,275/207 | $66,641,884 | -$4,964,304 (-6.9%) |
| Live! Casino & Hotel | 3,850/179 | $58,030,400 | +$890,850 (1.6%) |
| Horseshoe Casino | 1,374/122 | $14,600,437 | -$1,731,347 (-10.6%) |
| Ocean Downs Casino | 844/19 | $7,066,674 | +$460,961 (7.0%) |
| Hollywood Casino | 696/22 | $6,818,038 | +$7,199 (0.1%) |
| Rocky Gap Casino | 623/16 | $4,561,060 | -$316,330 (-6.5%) |
November saw the state collect $66,150,282 in taxes from casinos. This marked a drop of 2.3% compared to November 2022 and 1.6% compared to the previous month.
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.