Casino Revenue in Maryland Declines Slightly in November
Maryland’s casinos reported $130,377,478 in revenue for November, a decline of 8.6% from October, the most direct comparison as the state had reduced operating capacity in both months.
That October number of $142 million was down 0.7% from September’s $143.7 million.
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According to figures from the Maryland Lottery and Gaming website, the state saw decreased revenue compared to November 2019 in five of the six casinos. Only the largest, MGM National Harbor, had a year-over-year increase.
MGM National Harbor, in Oxon Hill, drew $55,324,844 in November, up 2.6% from the same month in 2019.
Maryland’s gaming facilities are still trying to recover from the coronavirus-related shutdown which affected casinos nationwide beginning in March. The gaming facilities were shut down in Maryland until June 19.
Baltimore’s Horseshoe Casino is operating at just 25% capacity; the other five are at 50%. According to the state Gaming and Lottery site, casinos contributed $53.7 million to Maryland’s coffers last month, down 9.1% from November 2019. The Education Trust Fund received $39,066,703 in November.
Maryland Casino Revenue Breakdown
The $130 million in November revenue is derived from Video Lottery Terminals (VLTs) and table games combined. The combined VLT Gross Terminal Revenue last month was $83,433,206 and the table game intake was $46,944,272.
MGM National Harbor led with $55.3 million in November followed by Live! Casino & Hotel in Hanover ($45 million), Horseshoe Casino in Baltimore ($15.25 million), Hollywood Casino in Perryville ($5.9M), Ocean Downs Casino in Berlin ($5.1M) and Rocky Gap Casino in Flintstone ($3.8M).
Live! Casino and Hotel topped the month for VLT revenue at nearly $30.9 million, edging MGM National Harbor’s $29.8 million. Live! has 2,533 slots compared to 1,665 at MGM. For table games, MGM National Harbor had the decided edge at $25.5 million in GTR, followed by Live! with $14.1 million. MGM has 193 table games; Live! has 184.