Maryland’s casino industry saw a small decrease in overall revenue for September in a same-month year-over-year comparison but still posted relatively robust numbers.
For September 2022, the state’s six casinos generated almost $159.3 million in revenues, a decrease of 3.7% (about $6.1 million) from September 2021. Last month’s financial figures were also down 6% from Maryland August revenue figures, when the casinos had $169.4 million in revenues, but August-to-September revenue drops have been typical in recent years.
The Maryland casino industry’s contribution to the state for September was off less than revenues. The casinos’ contribution to the state was almost $68 million, a decrease of about 1.5%, or about $1 million less, compared to the same month in 2021.
These casinos and other wagering outlets are the best options available until Maryland online sportsbooks launch, perhaps in time to catch part of the 2022 NFL season.
Maryland Education Fund Benefits
In Maryland, most of the tax money goes toward education. Contributions to the Education Trust Fund in September 2022 were $49.35 million. Casino revenues also support the communities and jurisdictions where the casinos are located, the state’s horse racing industry, and small, minority- and women-owned businesses.
There are no Maryland online casinos available.
As usual, the two industry leaders accounted for the bulk of casino gambling revenues.
MGM National Harbor and Live! Casino & Hotel combined for almost 76% of the state’s total casino revenues in September, according to figures from Maryland Lottery and Gaming. MGM National Harbor, in Prince George’s County near Washington D.C., had almost $63.8 million in revenue, a decrease of 8.2% from September 2021.
Live! Casino & Hotel, in Anne Arundel County adjacent to the Arundel Mills Mall, had $56.8 million in revenue, a slight increase of 0.6% from the same month a year ago.
More Maryland Casino Revenue Breakdown
The rest of the state’s casino revenues for September were: Horseshoe Casino Baltimore, $17.26 million, a 1.6% decrease from September 2021; Ocean Downs Casino in Worcester County, nearly $9.18 million, a 1.6% increase from the same month a year ago; Hollywood Casino Perryville in Cecil County, about $7.96 million, down 5.5% from 12 months earlier, and Rocky Gap Casino in Allegany County, $5.14 million, 4.1% lower than the same month last year.
Maryland reports sports wagering revenue separately. So far, the state has been offering just retail sports betting at five casinos and a handful of other establishments. But online Maryland sports betting apps are expected to launch later this year, mostly likely in December, though November remains an outside possibility.
Check with BetMaryland.com for the best Maryland sportsbook promo codes when wagering on sports via mobile and online options launches in the state.
