The Maryland State Lottery & Gaming Control Agency has released its financial report for June. The state’s six casinos generated a total of $163.7 million in revenue, a monthly decrease from their May revenue of $169.4 million.
Revenue was almost flat when compared to June 2022, up a slight 0.6% from last year’s revenue. The casinos contributed $69.4 million in taxes from June’s revenue to the state, a 1.6% increase from June last year.
Among the six casinos in Maryland, the highest revenue was generated by Prince George’s County’s MGM National Harbor, which posted $69 million, a yearly increase of 0.9%. Next on the list was Live! Casino and Hotel Maryland, located in Anne Arundel County. It generated a revenue of $57.97 million and also reported the highest rise in yearly revenue at 3.5% or $1,979,637.
Live! Casino and Hotel Maryland
In the third position was Caesars’ Horseshoe Baltimore, located in Baltimore City, with a revenue of $15.94 million. The establishment, however, recorded a yearly decline of 6.5%. It was followed by Churchill Downs-run Ocean Downs Casino and Racetrack in Worcester County, which recorded $8.67 million in June, up by 1.5% from last year.
The fifth position was secured by Hollywood Casino Perryville in Cecil County, which brought in $6.95 million. As compared to last year, the drop was 5.9%. And ranked last was Allegany County’s Rocky Gap Casino Resort, which recorded a $5.11 million, down by 4.1%.
Contributions from the revenue go to various places including Education Trust Fund, communities and jurisdictions where the casinos are located, the state’s horse-racing industry, and small minority- and women-owned businesses.
In June, the Education Trust Fund received $50,433,185, which was a 1.5% increase Y-O-Y. The month brings the total contributions for that purpose to more than $250 million thus far in 2023.
Access the full revenue report here.
Original article: https://www.yogonet.com/international/news/2023/07/10/67842-maryland-casinos-post-flat-revenue-of-almost-164m-in-june
