October was a record month for Maryland casinos. The Maryland Lottery and Gaming Control Commission (MLGCC) announced that the six retail casinos brought in combined revenue of $212.9 million.
The revenue beat the previous record of $181.5 million set in July 2022. It was also a 37.4% increase from October 2021 when the casinos brought in a total of $154.9 million. The numbers were a $53.6 million increase from September when the six casinos brought in $159.3 million.
In October, casinos contributed $79.9 million to the state of Maryland. Out of that sum, $58.3 million was contributed to the Education Trust Fund. Contributions to the state also support the community with local aid, small, minority, and women-owned businesses, responsible gaming programs, and Maryland’s horse racing industry.
Individual Casino Numbers
Maryland casinos were legalized in 2008 with the first one, Hollywood Casino in Perryville, opening in 2010. There are currently six privately owned retail casinos. BetMGM National Harbor was the latest to open in 2016. Of the six casinos, Live! Casino & Hotel is currently the largest.
Below is a breakdown of each casino’s revenue for October.
MGM National Harbor was responsible for most of the revenue having a terrific month. Live! Casino was the second highest-earning casino.
- MGM National Harbor in Oxon Hill — $115,016,950
- Live! Casino & Hotel in Hanover — $59,662,797
- Horseshoe Casino in Baltimore — $17,436,983
- Ocean Downs Casino in Berlin — $8,021,596
- Hollywood Casino Perryville — $7,541,445
- Rocky Gap Casino in Flintstone — $5,242,251
Despite the record-setting month, three casinos saw a decrease in earnings from October 2021. Rocky Gap saw the largest decrease with its monthly total coming in $553,237 (-9.5%) less than it was a year ago. Live! Casino & Hotel saw a decrease of $1,154,808 (-1.9%) and Hollywood Casino was down $97,585 (-1.3%).
Five of the six casinos saw an increase in revenue from September with MGM National Harbor having the largest jump with a $51.3 million increase between months.
Maryland Sports Betting
The MLGCC has not yet reported the numbers for retail sports betting in October. Maryland currently has seven retail sportsbooks, five of which are at privately owned casinos.
- FanDuel (Live! Casino & Hotel)
- BetMGM (MGM National Harbor)
- Caesars Sportsbook (Horseshoe Casino)
- Barstool Sports (Hollywood Casino Perryville)
- TwinSpires (Ocean Downs Casino)
- BetRivers (Bingo World)
- PointsBet (Riverboat on the Potomac)
In September, retail sportsbooks brought in a total sports betting handle of $31.3 million and contributed $984,308 to the state. The large numbers were in part due to the start of the NFL season.
When the October revenue report does come out it’s likely that it’ll be another great month for sportsbooks as both college football and the NFL are still in full swing.
Right now the only form of sports betting is at retail sportsbooks but Maryland is gearing up for the launch of mobile sports betting before the end of the year, likely in late November or early December.