Maryland’s gaming industry experienced a downturn in revenue in April, with the state’s six casinos collectively generating approximately $163.2 million from slot machines and table games. This figure is a decline of $11.6 million (-6.6%) compared to the corresponding period in the previous year.
Contributions from casino gaming to the state’s coffers amounted to $69.8 million in April, representing a decrease of approximately $2.58 million compared to the same month in 2023. These contributions support various sectors, including education, communities, jurisdictions hosting casinos, Maryland’s horse racing industry, and small, minority-, and women-owned businesses.
All but one of Maryland’s privately owned casinos experienced revenue decreases compared to the previous year. Hollywood Casino in Cecil County stood out with a 6% increase in revenue, totaling around $7.93 million from its 711 slot machines and 23 table games.
Live! Casino & Hotel in Anne Arundel County, featuring over 3,800 slot machines and nearly 180 table games, generated $60.86 million in revenue during April 2024. Despite the strength of this figure, the casino experienced a decline of $1.14 million compared to April 2023.
Ocean Downs Casino in Worcester County and MGM National Harbor also witnessed decreases in revenue, with Ocean Downs generating roughly $7.32 million, a 7.6% decline; and MGM bringing in approximately $68.08 million, a 9.8% decline.
Meanwhile, Horseshoe Casino in Baltimore and Rocky Gap Casino Resort in Allegany County recorded the most significant declines in revenue compared to April 2023, experiencing decreases of 10.8% and 20.6%, as they recorded a revenue of $7.3 million and $4.2 million, respectively.
Original article: https://www.yogonet.com/international/noticias/2024/05/07/72060-maryland-casinos-experience-a-revenue-decline-of-almost-7-in-april
