Maryland casinos enjoyed their topper year ever so in 2021. And the sixer commercial gaming properties trust to only improve on the record-setting execution this yr now that sports betting is officially live.
Gross gaming revenue (GGR) in 2021 totaled $1.922 one thousand million for the half dozen casinos. Last year’s drag easily bested the province gaming industry’s previous all-time best revenue score of $1.76 1000000000 go under inwards 2019.
Despite on-going COVID-19 concerns, MD casinos benefited from repressed exact for amusement and personal freedom not experient since the 1920s. Casino executives and manufacture stakeholders hope 2021 was the kickoff of a arcsecond “Roaring 20s.”
MGM National Harbor led the way inward 2021 with GGR of roughly $769.8 million. Live! Casino & Hotel was next at $692.2 million. The II dominant casinos combined to account for $1.46 billion, or 76 percent, of the sum gaming revenue.
Horseshoe Baltimore won $208.9 million. The state’s threesome smaller resort-style casinos — Hollywood Perryville, Ocean Downs, and Rocky Gay — combined to win the remaining $252 million.
Record Play
Maryland casinos concluded the yr with another strong performance, as Dec GGR totaled $172.9 million. MGM once more was the top of the inning wage earner at $74.5 million, and Live! — which claimed the upper side patch inwards October for only if the arcsecond time since MGM National Harbor opened in December of 2016 — was in its typical second-place post at $62.5 million.
The combining of the holiday season and the launch of sports wagering at fivesome of the casinos during December led to great results,” said MD Lottery and Gaming Director John the Evangelist Martin. “We felicitate our gambling casino partners for their ongoing success.”
Maryland casinos place several records in 2021. The res publica gaming manufacture in July posted its best monthly GGR execution inward story when cassino revenue topped $180.1 million. July was the tertiary time inwards Little Phoebe months that a young monthly GGR put down was set.
Casino gaming in Old Line State benefits public education. In 2021, slot machines contributed nearly half of a one million million dollars ($498.1 million) to the Old Line State Education Trust Fund. Table games added another $93.4 million.
Sports Betting Arrives
2021 was a banner twelvemonth for Free State casinos. The comer of sports betting only adds to the 2022 enthusiasm and revenue momentum.
The first off effectual sports wager inwards Maryland was wagered on December 9 at MGM National Harbor. Four additional retail gambling casino sportsbooks feature since opened.
December handle, or the amount bet, totaled $16.5 million. Of the action, oddsmakers kept $3.17 gazillion on a 19 percent hold. Sports betting revenue generated nearly $470,000 for the teaching trust.
Sportsbook grip and revenue will growth substantially as the manufacture is permitted to debut their roving wagering apps. In increase to sportsbook privileges for the casinos, Equus caballus racetracks, professional sports venues, and the State Fairgrounds, Maryland’s vast sports betting jurisprudence authorizes upwardly to 60 peregrine sportsbook licenses.
State gaming regulators are currently deciding how wandering sports betting testament operate. Online sports betting is expected to depart live in the sec half of this year.