During the month of February, Maryland’s six casinos generated $162,965,304 in revenue, an almost $10 million increase compared to January. Casinos contributed 68.2 million to the state and $49,642,113 to the Education Trust Fund.
The numbers reported by the Maryland Lottery and Gaming Agency show a 29.1% increase in gaming revenue compared to this time last year.
All six privately owned casinos saw an increase in their individual revenues from a year ago with MGM National Harbor bringing in almost $66 million on their own for the month. Live! Casino & Hotel was second with $59.4 million brought in, close to a $14.5 million increase from February of 2021.
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Breaking Down Maryland Casino Revenue By Location
Here is the breakdown of gaming revenue from February for each casino:
- MGM National Harbor (2,126 slot machines, 204 table games) ; $65,837,104
- Live! Casino & Hotel (3,717 slot machines, 187 tables games): $59,438,059
- Horseshoe Casino (1,451 slot machines, 145 table games): $17,718,142
- Hollywood Casino (1,451 slot machines, 145 table games): $7,866,631
- Ocean Downs Casino (823 slot machines, 18 table games): $6,592, 413
- Rocky Gap Casino (625 slot machines, 16 table games): $5,512,955
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How Much Did Maryland Sports Betting Contribute
The five Maryland casinos where sports betting is available are MGM National Harbor, Live! Casino, Horseshoe Casino, Ocean Downs, and Hollywood Casino. There are more set to launch sports betting this year.
Maryland sports betting brought in a wagering handle of $25.5 million in its second month of legal retail sports betting, bringing the total handle up to $74,609,410. That number is down from the $32.5 million sports betting brought in during January.
Sports betting contributed $134,628 to the state through the 15% sports wagering tax that Maryland requires casinos to pay in order to keep their licenses. The total taxable winnings were $893,710 between all five casinos.
March should be another busy month for each of these sportsbooks with March Madness betting expected to be hot and heavy.
Unfortunately for Maryland sports bettors, they’ll have to place all of their wagers inside the state lines at a retail sportsbook. Online sports betting has been approved, but the regulatory process is going slowly.
At this point, the best-case scenario for the launch of sports betting apps in Maryland seems to be later this summer or early in the fall just ahead of the next NFL season.