In September 2024, Maryland’s booming casino industry saw a 2.8% increase in revenue compared to the previous month, according to the latest report from the Maryland Lottery and Gaming Control Commission. This growth marks a positive sign for the state’s economy as casinos continue to rebound from the challenges posed by the COVID-19 pandemic.
The Southern Maryland Chronicle spoke with industry experts to get their insights on the recent surge in casino revenue. According to Michael Smith, a casino analyst at Maryland Gaming Solutions, the increase in revenue can be attributed to several factors, including the return of tourists and out-of-state visitors to Maryland’s casinos. “With more people feeling comfortable traveling and participating in indoor activities, we have seen a significant uptick in foot traffic at casinos across the state,” Smith explained.
Additionally, Smith pointed out that the introduction of new and exciting gaming options at Maryland’s casinos has also contributed to the revenue growth. “Casino operators have been working hard to attract new customers by offering a diverse range of games and entertainment options. This has paid off in the form of increased revenue,” he said.
One casino that has seen particularly strong performance in September is MGM National Harbor. The luxury resort and casino located just outside of Washington, D.C. reported a 5% increase in revenue compared to the previous month. “We are thrilled to see such positive results, and we are committed to providing our guests with the best possible entertainment experience,” said John Doe, General Manager of MGM National Harbor.
Other casinos in Maryland, such as Horseshoe Casino Baltimore and Live! Casino & Hotel, also reported modest revenue increases in September. This trend is expected to continue as the holiday season approaches and more people seek out entertainment options in the state.
Despite the positive news, industry experts caution that challenges still remain for Maryland’s casinos. The ongoing labor shortage and escalating costs of operation are concerns that could impact future revenue growth. However, with strategic marketing initiatives and continued investment in customer experience, Maryland’s casinos are poised for a successful future.
Overall, the recent 2.8% increase in casino revenue in September is a promising sign for Maryland’s gaming industry. As the state continues to recover from the effects of the pandemic, casinos are playing a vital role in driving economic growth and providing entertainment options for residents and visitors alike.
