Maryland Casinos Produce $149.5 Million In August Revenue
Maryland’s six casinos, despite operating at 50% capacity because of the coronavirus pandemic, produced $149.5 million in gaming revenue in August, down just $4.7 million year over year.
August was just the second full month the casinos were open after being closed by the state from March 16 until June 19. In July, Maryland casinos generated $139.9 million in revenue and were also operating at 50% under new state social distancing and health guidelines.
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Casinos around the country began closing in mid-March and many remain closed for three months as states came up with new measures to help battle coronavirus.
The revenue total for August is the eighth-best month of revenue in the Maryland casino program’s history, according to a news release from Maryland Lottery and Gaming. Last August’s total of $154.2 million was the fourth-best month ever.
Casino contributions to the state in August 2020 were $60.8 million, down $2.4 million from the $63.2 million contributed to the state in August 2019.
Contributions to the Education Trust Fund (ETF) in August were $44.3 million, down $3.2 million from August 2019. In addition to education, casino gaming revenues also support communities and jurisdictions where the casinos are located, Maryland’s horse racing industry and minority- and women-owned businesses, the release said.
The state also noted that Hollywood Casino in Perryville ($6.8 million in August 2020, an increase of $385,137, or 6%, from August 2019) and Rocky Gap Casino in Cumberland ($6.2 million in August 2020, an increase of $804,073, or 15%, from August 2019) saw their August 2019 gaming revenue figures improve.
Other Maryland Casinos Saw Declines
Here is a breakdown of the other four casinos, according to the Maryland Lottery and Gaming news release:
- MGM National Harbor (Oxon Hill): $59.7 million in August 2020, a decrease of $2.7 million from August 2019.
- Live! Casino & Hotel (Hanover): $52.5 million in August 2020, down $554,091 from August 2019.
- Horseshoe Casino (Baltimore): $16.8 million in August 2020, a decrease of $1.5 million from August 2019.
- Ocean Downs Casino (Berlin): $7.6 million in August 2020, a decrease of $1.8 million from August 2019.
The state’s six casinos offer slots and table games. The August revenue breakdown was $94.5 million in gross terminal revenue from Video Lottery Terminals (VLTs) and $55.1 million in table game revenue, according to the state’s monthly report posted on its website.