Maryland Casino Gaming Revenues Rise in Month of May
We’ve seen gambling revenues heading north all over the country, and now we can add the state of Maryland to the list. The state’s six casinos saw aggregated gross gaming revenues rise nearly 31% in the month of May alone. The increase is thanks in large part to the newly-opened MGM National Harbor in Prince George’s County. The six casinos combined to gross more than $136 million.
The Maryland Lottery and Gaming Control Commission released numbers that indicated that MGM National Harbor generated more than $50 million in gross gaming revenues from slot and table games alone in May. Each slot machine reportedly took in $273.10 per day, while the 126 gaming tables reached $5,708.55. Non-banked gaming tables, of which there are 39, took $1,403.19. The $1.4 billion resort opened back on December 8th of last year.
The numbers also revealed that gambling revenue in the state of Maryland would have likely decreased were it not for MGM National Harbor. Maryland’s second-biggest casino, Live! Casino & Hotel near Baltimore, reported a 22.3% diminution on gross gaming revenues for May at $45.89 million. Each of this casino’s 3,980 slot machines took in $241.64 per day, while its 150 banked gaming tables took $3,144.97. 52 and non-banked tables took in an additional $880.73.
Horseshoe Baltimore reported similar losses in May. They saw an $18.1% dip in gross gaming revenues to $23.59 million. Horseshoe’s 2,202 slot machines averaged $184.25 per day. The 152 banked gaming tables averaged $2,215.64 on a daily basis, while the 25 non-banked units averaged $729.61.
Hollywood Casino’s gross gambling revenue dropped about 8% to $4.75 million. The 846 slots here averaged $204.91 per day. The 12 banked gaming tables averaged $2,406.17, while the eight non-banked tables gathered $354.60.
Two More Saw Increased Revenues
The Rocky Gap Casino Resort actually saw an increase, as well. Gross gambling revenue rose 7.4% to $4.75 million. The 662 slot machines at Rocky Gap generated nearly $200 per day. The 17 banked gaming tables averaged $1,244.53 per day.
Lastly, the Casino at Ocean Downs saw an increase of 3.3% in gross gambling revenues to $5.31 million.
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