Maryland’s 6 Casinos Earn $119 Million Revenue in December
The six commercial casinos in Maryland made $119,356,448 in revenue in December, down about $11 million from November’s numbers and off by more than $30 million compared to December 2019.
MGM National Harbor in Oxon Hill and Live! Casino & Hotel in Hanover, by far the two biggest casinos in Maryland, are limited to 25% capacity because of COVID-19 protocols and safety measures. So is Horseshoe Casino Baltimore, the state’s third-largest facility. The other three casinos — Ocean Downs Casino in Berlin, Hollywood Casino Perryville and Rocky Gap Casino Resort in Flintstone — are operating at 50% capacity.
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Halfway through the fiscal year, the combined revenue of $825 million is 6.1% off the pace set from July 2019 to June 2020, according to a Maryland Lottery and Gaming report.
As for the calendar year just completed, the six Maryland casinos reported $1.226 billion in combined revenue from table games and Video Lottery Terminals (VLTs) in 2020. That was down about 30% compared to the 2019 figure of $1.757 billion, a drop of more than $500 million. The 2020 total VLT revenue was $798.4 million and the total table games revenue topped $427.5 million.
Details on Maryland Casinos in December
The only casino in the state to increase its revenue from December 2019 to December 2020 was Hollywood Casino, which rose 8.4% from $6,065,429 to $6,577,669 in a year-over-year comparison.
The three biggest Maryland casinos — again, the ones with the most severe capacity reductions — had the biggest declines from 12 months earlier. Horseshoe Casino had the sharpest drop, 32%, to $12,748,249 in December 2020. MGM National Harbor ($48,540,506, down 22.5%) and Live! Casino & Hotel ($42,863,891, down 17.2%) also had steep falls from the full-capacity December 2019 levels.
The coronavirus-related shutdown that shuttered casinos nationwide, beginning in March, hit Maryland’s facilities hard. They were all closed until June 19.
The decline in casino revenue will have an impact on the amount that the industry pays in taxes to help fund Maryland education initiatives. The casinos contributed $542.7 million to the Education Trust Fund in the 2018-19 fiscal year, but that figure dropped to $396.8 million in FY 2019-20 because of the closures in spring 2020.
MGM National Harbor, with 1,519 slot machines and 204 table games, led the state with $48,540,506 in December revenue. The breakdown was $26.845 million from VLTs and nearly $21.7 million from table games. Live! Casino & Hotel, with 2,614 slots and 184 table games, drew $42,863,891 — including $29.75 million from VLTs.
Horseshoe Casino drew $12.75 million in revenue in December, followed by Hollywood ($6.6 million), Ocean Downs Casino ($5.1 million) and Rocky Gap Casino ($3.55 million).