Maryland Casinos Log Increase

Maryland casinos generated a significant increase in overall revenue, but it was fueled by the new MGM National Harbor resort, at the expense of other large properties.

Maryland’s six casinos generated 134.5 million in revenue this year through September, a 38.6 percent increase compared to 2016.

The increase in statewide revenues is mostly driven by the MGM National Harbor property, which opened in December. The MGM property generated $49.3 million in revenue in September alone.

The state’s other five casinos generated $11.9 million last month, a decline of 12.3 percent year-on-year. The state’s two other large casinos, Live and Horseshoe Baltimore, were down 12.9 percent and 22.1 percent, respectively. The three smaller casinos posted revenue increases.

The month continued a record-breaking year for poker in Maryland. The state’s four brick-and-mortar poker rooms generated $3.6 million in revenue from their tables in September. That represented a 33 percent increase compared to August 2016.

The state record for poker revenue in a single month was set at $3.92 million back in January, which was also a 33 percent year-over-year gain.

The rooms have raked $33.5 million through the first nine months of 2017.