Maryland Casinos See Gaming Revenue Slide 3.5% to $157.7M in November

Maryland casinos generated receipts gaming revenue (GGR) of a little more than $157.7 zillion in November, a 3.5% year-over-year decline.

Maryland is place to half a dozen commercial-grade casinos, all prohibiting indoor smoking due to body politic law. The monthly revenue cover from the MD Lottery and Gaming Control Agency includes gaming income from expansion slot machines and tabulate games.

November’s GGR includes $105.2 billion from slots and $52.5 billion from tables. Sports betting revenue is reported later this month in a split up filing.

MGM National Harbor outside Washington, DC, is the country leader, and that continued in Nov with the integrated holiday resort winning about $66.4 meg on its casino floor, which is weaponed with 2,275 slots and 207 tabulate games. National Harbor’s November GGR represented a nearly 7% declination from Nov 2022.

The Cordish Companies’ Live! Casino & Hotel Maryland close BWI drome came inwards indorse at $58 gazillion from its 3,850 slots and 179 tables. That was a 1.6% premium on the same month in the prior year.

Caesars Entertainment’s Horseshoe Casino Baltimore was a remote tertiary at just now $14.6 million. The city cassino continues to struggle, as its 1,374 slots and 122 table games won almost 11% less money.

Maryland’s triplet littler resort-style casinos won $18.4 million. Ocean Downs in German capital won $7 million, a 7% increase. Hollywood Casino Perryville was matte at $6.8 million, and Rocky Gap in Flintstone saw GGR slide 6.5% to $4.5 million.

Felt Struggles

Through 11 months, Maryland casinos make won just about $1.22 billion from one-armed bandit machines and $594.7 meg on tabularize games for a combined drag of $1.817 billion. At this time shoemaker's last year, year-to-date GGR stood at $1.885 billion.

Casinos nationwide go along to write up warm gaming activity, with several states, including Nevada, experiencing unprecedented revenue. Las Vegas’ rest home tell has won at to the lowest degree $1 billion in the previous 32 months, and 2023 testament Deutschmark Nevada’s tertiary sequentially yr of record book GGR.

Gaming revenue in II states closer to MD — PA and New Jersey — testament also record book unexampled records this year. But in the Old Line State, GGR has contracted slightly.

Don’t rap the slots. While expansion slot wins are up 0.5%, or $5.1 million, through and through 11 months, GGR from tabulate games is land considerably. Tables from January through and through Nov won $594.7 1000000 in players’ bets. That’s downwardly 11%, a revenue red of o'er $74 million.

Maryland’s revenue reports, dissimilar those inward Nevada, don’t split up shoot down revenue past table spunky or describe monthly tabularize gamey win rates. Therefore, it’s difficult to nail the understanding for the year-over-year table losses, but it’s presumably a compounding of poorer house win rates and a scrap less caper overall.

Sportsbooks Offset Losses

Maryland sports betting began inward Dec 2021, but online books didn’t commence trading operations until December 2022. Betting and sportsbook income has surged since the launch of net wagering, and that’s countervail some of the brick-and-mortar tabular array mettlesome losses this year.

Between July 1, 2023, through and through Oct 31, Maryland sportsbooks generated GGR of $99.4 gazillion from their retail and online operations. Though that’s higher than the tabularize declines, non all of the sports betting money stays with the casinos, as it’s shared with their third-party partners similar DraftKings and FanDuel.

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