Maryland casino revenue increases 5% to $165.6m for December

Online casino in Maryland generated $165.6m (£130.5m/€151.4m) in revenue for December, the state announced on Friday.

December revenue in Maryland was 5% higher than the $157.7m accumulated in November. Contributions to the state also increased from $69.7m to $70.2m.

MGM National Harbor continues to lead the six privately-owned casinos in the state, producing $70.8m of revenue in December.

Live! Casino & Hotel wasn’t far behind with $60.6m, with a big gap between those two and Caesars Entertainment-owned Horseshoe Casino in third, which generated $15.2m in December revenue.

Rocky Gap Casino brought up the rear, accumulating just $4.4m in the month. This was $3.2m behind the next worst-performing operator in Hollywood Casino.

Maryland: stagnation in revenue

Despite the month-on-month increase, Maryland’s December revenue is less impressive when observing the year-on-year growth.

The $165.6m in revenue from December 2023 was just 0.2% higher than the $165.2m generated in the same month last year. Contributions to the state also increased by only 0.7%.

The year-on-year numbers were no doubt hurt by the particularly poor 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.

Original Article