Maryland Casino Revenue Jumps Nearly $10M in January 2021

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By Jim Tomlin

Maryland casino revenue began 2021 on an upswing compared to December but still off the pace from January 2020.

The state’s six commercial casinos combined for $128,763,516 in total revenue for January 2021, an increase of nearly $10 million from the December 2019 figure of $119,356,448. However, with capacities still reduced in an effort to stem the spread of COVID-19, Maryland casino revenue was about $16.7 million lower in a year-over-year comparison to January 2020 ($145,466,952).

The coronavirus that temporarily shut down the nation’s casino industry in March 2020 is still affecting Maryland’s monthly casino intake. The state’s three largest casinos — MGM National Harbor in Oxon Hill, Live! Casino & Hotel in Hanover and Horseshoe Casino Baltimore — are still running at 25% of their capacity. The other three v Ocean Downs Casino in Berlin, Hollywood Casino Perryville and Rocky Gap Casino Resort in Flintstone — are at 50% capacity.

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The rise in January stopped a four-month decline for Maryland casino revenue; the December figure was down about $11 million from November, which in turn had been about a $12 million decline from October.

According to a news release from Maryland Lottery and Gaming, the casinos contributed nearly $54 million to the state in January and $39.2 million to the Education Trust Fund.

For the 2020-21 fiscal year so far (July through January), total casino gaming revenue is at $954.3 million, off the 2019-20 pace by 6.9%.

Breakdown of Maryland Casino Revenue

MGM National Harbor led the way in combined revenue (slots and table games) in January with $50.5 million, according to the state release. Live! Casino & Hotel was close behind at nearly $47.8 million, followed by Horseshoe ($13.75 million), Hollywood ($6.84 million), Ocean Downs ($5.7 million) and Rocky Gap ($4.2 million).

The gross terminal revenue from Video Lottery Terminals (VLTs) was $85.7 million in January, up 9.5% from the $78.3 million in December. The revenue from table games was $43.1 million in January, a 4.8% increase from the month before when it was $41.1 million.

MGM National Harbor, which has the most table games of the six casinos with 196, led table games revenue with $23.35 million, followed by Live! at $13.7 million and Horseshoe at $4.2 million.

Live! has the most slots in the state with 2,756 and led VLT revenue for January with $34.1 million, followed by MGM ($27.15 million) and Horseshoe ($9.6 million).

Hollywood and Ocean Downs were the only two casinos with a rise in combined table games and VLT revenue for January 2021 compared to 12 months earlier. Hollywood rose 11.8% to $6.84 million in January 2021 compared to January 2020, and Ocean Downs was up 5.9% to nearly $5.7 million.

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WRITTEN BY
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Jim Tomlin
Jim Tomlin has more than 20 years of experience in sports journalism as an editor and writer. He has covered pro and college sports from football, baseball, basketball, soccer, golf, motorsports and more for publications such as the Tampa Bay Times, SaturdayDownSouth.com, SaturdayTradition.com and FanRag Sports.
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Jim Tomlin has more than 20 years of experience in sports journalism as an editor and writer. He has covered pro and college sports from football, baseball, basketball, soccer, golf, motorsports and more for publications such as the Tampa Bay Times, SaturdayDownSouth.com, SaturdayTradition.com and FanRag Sports.
... Read More