Maryland Casinos Set Monthly Revenue Record, October Win Totals Nearly $213M

Maryland casinos won $212.9 zillion in October, the all-time highest amount generated past the properties inward a single month.

The Free State Lottery and Gaming Control Commission reported that October’s gross gaming revenue (GGR) from the sixer casinos was simply shy of $213 million. The drag easy surpasses the state gaming industry’s previous monthly track record of $181.5 million, mark inward July 2022 past more than 17% — or around $31.4 million.

MGM National Harbor was most responsible for the exceptional play. MGM Resorts’ casino simply remote DC across the Potomac River inwards Oxon Benny Hill won a track record $115 million.

The $59 1000000 year-over-year surge for the structured resort hotel primarily came past way of tabular array games. The put up won just now shy of $73.2 one thousand thousand endure month on the felt. In Oct 2021, MGM National Harbor tables won simply $14.5 million.

More players at the resort because of the paying back of conventions, concerts, and events was credited for the revenue boost. MGM National Harbor began posting chore listings and hiring events for tabular array spirited dealers inward mid-October as a termination of the demand.

MGM one-armed bandit revenue was matted year-over-year. The additional revenue stemmed from sports betting, which commenced at National Harbor in December 2021.

Mixed Results Elsewhere

MGM National Harbor is overbold sour its best month ever. But the headline-generating Oct gaming revenue written report elaborate some revenue rollbacks for other casinos.

Live! Casino & Hotel Free State placed a distant indorsement inward add up GGR at $59.6 million. That’s 1.9% let down than inwards October 2021, when the House of Hanover gambling casino won $60.8 million.

Two of the leash resort-style casinos, which inward Free State are smaller venues with to a lesser extent than 1,000 expansion slot machines and 20 tabularize games, also experienced year-over-year drop-offs.

Rocky Gap Casino inward Flintstone reported a GGR correct of 9.5% to $5.2 million. Hollywood Casino Perryville said its cassino win went S 1.3% to $7.5 million.

Ocean Downs Casino inwards Berlin, the other holiday resort casino, saw gaming climb almost 5% to $8 million. Horseshoe Casino Baltimore also reported a rarefied gain, as its gaming level won $17.4 million from gamblers, 1.5% to a greater extent than the gambling casino did a year ago.

Tax Benefit Skyrockets

Maryland primarily uses its cassino revenue enhancement proceeds to fund public education.

Of the tape $832.3 jillion inward casino revenue directed to the say during its 2022 fiscal twelvemonth (June 1, 2021, through June 30, 2022), an all-time richly of $611.6 jillion went to the MD Education Trust Fund (ETF). The monetary fund supports too soon childhood education, public uncomplicated and secondary education, public schooltime construction, and chapiter improvement projects.

With cassino gaming setting a new monthly revenue register in October 2022, the month to boot generated record task revenue. Casino gaming contributions to the res publica lastly month totaled $79.9 million. That’s $11 meg more than Oct 2021.

More gaming should equate to to a greater extent gaming taxation dollars. And that’s what lawmakers look when online sports betting begins inward the coming weeks. After a lengthy regulatory delay, MD hopes to make regulated online sportsbooks up and running inwards December.

The Captain Hicks casinos and their online sportsbook partners hold already been deemed suited for licensure by the MLGCC. Their licenses are expected to be issued by the MD Sports Wagering Application Review Commission when it next meets on Nov. 21.

MGM National Harbor has partnered with BetMGM, Live! has partnered with FanDuel, and Horseshoe has partnered with Caesars Sportsbook.