Maryland casinos report modest revenue growth in October

  • UM News
  • Posted 4 months ago
00:00 / 00:00

Total casino revenue across Maryland’s six land-based properties reached $162.1 million in October, representing a 1% increase, or $1.5 million more than the same month in 2024. The growth came from combined revenue from slot machines and table games, which make up the a big part of the state’s casino earnings. The tax revenue from 

Total casino revenue across Maryland’s six land-based properties reached $162.1 million in October, representing a 1% increase, or $1.5 million more than the same month in 2024.

The growth came from combined revenue from slot machines and table games, which make up the a big part of the state’s casino earnings.

The tax revenue from casinos has also increased, reaching the amount of $69.6 million which is $1 million or 1.5% more than the figure for October last year. The total revenue from Maryland’s casinos in October has raised the total amount of the state so far this fiscal year to $649.5 million.

Even though there have been increases in October, this still means a decline of 2.1% compared to the same last year, and tax revenue for the fiscal year fell by 1.4%.

Analyzing separate properties, Horseshoe Casino was the front-runner in the growth march of October, bringing in $15.5 million, which is an increase of 12.7% compared to last year. Hollywood Casino, on the other hand, suffered the largest fall, with a decrease in revenue of up to 10.5%, settling at $6.4 million.

 

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