Maryland casinos post flat revenue of $165.6M in December

Maryland's six casinos reported a combined monthly revenue of $165.6 million in December 2023, an increase of $454,064 (0.3%) compared to December 2022. 

Casino gaming contributions to the state in December 2023 totaled $70.1 million, an increase of $508,501, or 0.7%, compared to December 2022, according to a report by Maryland Lottery and Gaming. Contributions to the Education Trust Fund in December 2023 amounted to $50.6 million, marking an increase of $2.1 million compared to December 2022.

Here are the gaming revenue totals for December 2023 at Maryland's various casinos:

• MGM National Harbor reported $70,838,343 in December 2023,  an increase of 2.1% from December 2022.
• Live! Casino & Hotel generated $60,568,027 in December 2023, showing a 1.5% increase from December 2022.
• Horseshoe Casino reported $15,195,309 in December 2023, with a 9.6% decrease compared to December 2022.
• Ocean Downs Casino had a revenue of $7,007,033 in December 2023, marking a 2.7% decrease from December 2022.
• Hollywood Casino generated $7,593,575 in December 2023, up by 4.0% from December 2022.
• Rocky Gap Casino reported $4,426,876 in revenue in December 2023, showing an 8.2% decrease compared to December 2022.

Despite the month-on-month increase, Maryland's December revenue is less impressive when observing the year-on-year growth. The $165.6 million in revenue from December 2023 was just 0.2% higher than the $165.2 million generated in the same month last year. Contributions to the state also increased by only 0.7%.

The year-on-year numbers were affected by the performances of Horseshoe Casino and Rocky Gap Casino, with their December revenues down 9.6% and 8.2% respectively from the same month last year.

Even frontrunner MGM National Harbor only produced a 2.1% year-on-year increase. Meanwhile, second-placed Live! Casino and Hotel’s revenues were up just 1.5% from December 2022.