In June 2024, Maryland casinos saw a significant increase in gaming revenue, generating a total of $162.9 million. This marks a record-breaking month for the state’s gambling industry, with nearly all of the state’s casinos reporting higher revenue figures than in previous months.
Leading the way in revenue generation was MGM National Harbor, which brought in a staggering $60 million in gaming revenue. This represented a 15% increase from the same month the previous year. The casino’s success can be attributed to its prime location near Washington D.C., as well as its luxurious amenities and high-end gaming options.
Following closely behind MGM National Harbor was Live! Casino & Hotel in Hanover, which reported $45 million in gaming revenue for the month of June. The casino has been a popular destination for both locals and tourists, offering a wide range of gaming options, entertainment, and dining experiences.
Other casinos in the state also saw a boost in revenue during the month of June. Horseshoe Casino Baltimore reported $20 million in gaming revenue, while Hollywood Casino Perryville and Rocky Gap Casino Resort each saw revenue figures in the range of $10-15 million.
The increase in gaming revenue for Maryland casinos can be attributed to a number of factors, including the lifting of capacity restrictions and the return of live entertainment events. Additionally, the state’s casinos have been investing in upgrades and renovations to attract more visitors and enhance the overall gaming experience.
Despite the record-breaking revenue figures, some experts are cautioning that the surge in gaming revenue may not be sustainable in the long term. They point to potential challenges such as increased competition from neighboring states and the uncertainty surrounding the impact of online gambling on brick-and-mortar casinos.
Overall, the strong performance of Maryland casinos in June is a positive sign for the state’s gaming industry and the economy as a whole. With continued investment and innovation, Maryland casinos are well-positioned to continue generating significant revenue and attracting visitors from near and far.
