The latest figures from the Maryland Lottery & Gaming Control Agency reveal that the state’s casinos collected $173.9 million in revenue during August 2024. The $12.5 million in revenues generated during the period represent a 7.8% year-on-year increase compared to August 2023, when the state reported $161.4 million in revenue.
With Fiscal Year 2025 starting in July, August’s figures bring the FY to-date revenues to a total of $343.7 million, a 2.4% year-on-year increase compared to the $335.7 million generated in the corresponding two months in 2023.
Three out of Maryland’s six land-based casinos saw August revenues grow year on year while the other three reported declines.
| Casino | August 2023 | August 2024 | Change |
|---|---|---|---|
| MGM National Harbor | $68,378,878 | $75,008,793 | +9.7% |
| Live! Casino & Hotel | $55,067,729 | $61,875,902 | +12.4% |
| Horseshoe Casino | $15,407,090 | $14,427,383 | -6.4% |
| Ocean Downs Casino | $10,062,021 | $9,884,650 | -1.8% |
| Hollywood Casino | $7,104,629 | $7,721,754 | +8.7% |
| Rocky Gap Casino | $5,378,342 | $5,006,035 | -6.9% |
August revenues represent the ninth-best monthly total since Maryland opened its first casino in September 2010. The highest monthly figure reported by Maryland casinos so far is $212.9 million, collected in October 2022.
Improvement on July
Revenue in August was up compared to the previous month as July 2024 saw $169.8 million in revenue, 2.4% less than August. Four of the six casinos’ revenue figures were up month-on-month, while the revenues of two declined.
| Casino | July 2024 | August 2024 | Change |
|---|---|---|---|
| MGM National Harbor | $71,983,723 | $75,008,793 | +4.2% |
| Live! Casino & Hotel | $62,562,895 | $61,875,902 | -1.1% |
| Horseshoe Casino | $13,317,234 | $14,427,383 | +8.3% |
| Ocean Downs Casino | $9,621,082 | $9,884,650 | +2.7% |
| Hollywood Casino | $7,297,270 | $7,721,754 | +5.8% |
| Rocky Gap Casino | $5,039,106 | $5,006,035 | -0.7% |
Game Breakdown
In August, Video Lottery Terminals (VLTs) accounted for nearly $118.5 million of the total revenue. Despite having the second-highest total revenue in August, Live! Casino & Hotel led in terms of VLT revenue, with $44.5 million, while MGM National Harbor’s VLTs followed closely behind with $44.2 million. That said, Live! Casino & Hotel is home to 3,851 slot machines as of August 2024, while MGM National Harbor houses 2,290 terminals.
Meanwhile, table games accounted for the remaining $55.4 million in revenues generated in August. Table games gave MGM National Harbor the overall lead against Live! Casino & Hotel. Table games at MGM National Harbor made up more than half of the total, with $30.8 million in revenue from 212 games, while Live! Casino & Hotel collected $17.3 million in revenue, with 179 table games on offer.
State Contributions
August’s figures resulted in a $73.7 million contribution to the state, up 8.1%, or $5.5 million, compared to the same month last year. Of this, $53.1 million was allocated to the Education Trust Fund, while the remaining funds support local communities, Maryland’s horse racing industry, and women and minority-owned small businesses.
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