Maryland’s casinos appear to have hit form recently, posting record revenue levels in May, a mere two months on from achieving the same feat in March this year. According to figures collected by Maryland Lottery and Gaming, between them the six locations brought in nearly $156.6m last month, destroying the March record of almost $150.1m.
For the first time since MGM National Harbor debuted in December 2016, each casino also showed year-on-year revenue growth. Prior to that, the last time the other five sites all achieved an increase was back in April 2016.
The lion’s share of revenue and growth was seen at MGM’s Prince George’s County casino which generated $62.3m in gaming revenue for May, ahead by 23.2 per cent on May 2017. MGM’s closest rival was the Live Casino & Hotel, with $52m in revenue, up by 13.4 percent.
Ocean Downs Casino, located on the Eastern Shore, realised a 21 per cent rise over the corresponding period for 2017 with the second highest revenue growth of $6.4m. The hike in takes coincides with the introduction of table games last December casino has seen a boost in revenue since introducing table games in December.
For South Baltimore’s Horseshoe Casino, May yielded the first growth, albeit at a modest two per cent, since December 2016 with revenue at almost $24.1m. Hollywood Casino Perryville reached circa $6.8m, up by 6.7 per cent. Western Maryland’s Rocky Gap Casino Resort saw its revenue increase by 3.9 per cent to $4.9m.