Maryland casinos won approximately $1.98 1000000000 inward 2023, a 3.3% declination from 2022. The year-over-year difference equates to the vi commercial-grade casinos collectively winning most $68.5 billion fewer gaming dollars than they did inwards the prior year.
MGM National Harbor inwards Oxon Hill, Live! Casino & Hotel Maryland inwards Hanover, Horseshoe Casino Baltimore, Ocean Downs inwards Berlin, Hollywood Casino Perryville, and John Rock Gap inwards Flintstone won $165.5 1000000 inwards Dec to pileus sour the year. The 144 gaming revenue (GGR) includes gaming win from the casinos’ physical slot machines and tabular array games. It does non include sports betting.
December’s GGR was a marginal 0.3% betterment on Dec 2022. State gaming taxes earmarked for the Education Trust Fund totaled o'er $50.6 jillion during the month.
2023 Downfall
2023 pronounced the terminal of the MD gambling casino industry’s COVID-19 comeback. After II warm years of gaming recovery, in the flesh(p) gaming slowed shoemaker's last yr inwards the Old Line State.
MGM’s structured resort remote DC crosswise the Potomac River — the richest casino inwards the US outside of Las Vegas — continued its Free State dominance. MGM National Harbor shoemaker's last twelvemonth won $485.3 million on its 2,266 slots and added $348.8 million on its 207 tabularise games for a combined GGR of $834.1 million.
MGM’s 2023 win, however, represented a nearly 6% year-over-year loss. Table games were to the highest degree responsible, as National Harbor inward 2022 won almost $407.5 jillion on the felt.
Live! Casino near BWI airport over again came inward second. The casino’s 3,849 slots won $502.5 million lastly yr and its 179 table games added $207.4 gazillion for a combined win of roughly $709.9 million. The 2023 win represented a 0.6% take in on 2022.
Despite considerable investments made by Caesars Entertainment in the surrounding surface area of its Horseshoe in Baltimore nigh the city’s pro sports stadiums, including the curtain raising of an outdoor Topgolf attraction, the casino continued its struggles in conclusion year. Horseshoe GGR cut down at a lower place $200 1000000 to just now $192.4 meg — cut down over 8% from 2022 when the gambling casino won $209.8 million.
Maryland’s troika resort-style casinos won $216.8 one thousand thousand on their slots and $29.5 gazillion on their tables for win of more or less $246.3 million. The ternion properties, which as of Dec collectively operated 2,170 slots and 57 tables, saw gaming correct 2% from 2022.
Sports Betting Premium
Though legacy child's play dwindled inwards 2023 at the sextet brick-and-mortar casinos, those losses were easily offset past internet sports betting. Online sportsbooks began taking bets in November 2022, nearly a year after in-person sports betting began at the casinos inwards Dec 2021.
Through November, Maryland sportsbooks won o'er $264.5 gazillion from bettors. Though a considerable portion of the win is shared with the casino’s third-party sportsbook partners ilk DraftKings and FanDuel, the new income is presumptively plenty to offset the brick-and-mortar slot and table spirited declines incurred in 2023.
The Old Line State Lottery and Gaming Commission is expected to button Dec and 2023 full-year sports betting data this week.
It power not follow an overly robust story for the oddsmakers, as the state’s honey Baltimore Ravens went 4-0 inwards December with victories over the Los Angeles Rams, Jacksonville Jaguars, San Francisco 49ers, and Miami Dolphins. The Ravens covered the propagate inwards all but the team’s 37-31 overtime thriller against the Rams.
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