Maryland Lottery and Gaming Posts Casino Financials for February

Maryland Lottery and Gaming published information about the financial performance of the state’s six casinos in February 2024. According to the regulator, revenue remained more or less stable.

The authority said that the six casinos have reported a total gaming revenue of $159.22 million for February. This figure represents a modest 1.4% year-on-year increase from February 2023, when the casinos declared revenue of $157 million.

However, fiscal year to date revenue, representing the period from July through February experienced a slight decline. Whereas Maryland’s casinos reported revenue of $1.37 billion for the previous year to date period, they now reported revenue of $1.28 billion.

In February 2024, The Free State’s casino contributed $67.79 million to the state, representing an increase of 1.3% year-on-year. Contributions to the Education Trust Fund stood at $48.9 million, an increase of 0.5% from February 2023. The casinos also contributed money to the local horse racing industry, as well as to small, minority- and women-owned businesses. 

The Casinos’ Performances Varied

Maryland Lottery and Gaming also published data about the performance of its six commercial casinos.

MGM National Harbor, a Prince George’s County-based property, reported revenue of $66.83 million in February. This represents an increase of $1,234,645 (1.9%) from February 2023. The casino sports 2,276 slots and 207 gaming tables.

Live! Casino & Hotel, meanwhile, posted revenue of $59.34 million, representing an increase of 6.5% from February 2023. The venue is located in Anne Arundel County and has some 3,860 slot machines and 179 table games.

The Horseshoe Casino in Baltimore City, on the other hand, reported February revenue of $14.95 million, highlighting a year-on-year decline of 8.2%. The casino has 1,371 slots and 115 table games.

Hollywood Casino Perryville, a property boasting 689 slot machines and 23 table games, reported revenue of $7.4 million for February, marking a year-on-year increase of 1.4%.

The Ocean Downs Casino in Worcester County disclosed revenue of $6.35 million, a decrease of 7% year-on-year. For reference, the casino has 859 slots and 19 gaming tables.

Finally, the Rocky Gap Casino in Allegany Country reported revenue of $4.34 million in February. This translates into a decline of 18.6%. The casino has 620 slot machines and 16 table games.