Together, Maryland’s six casinos recorded $160.5 million in gaming revenue in October 2024, a modest increase of more than $712,000 from the previous year. Considering the inconsistent success of different casinos, this revenue increase is quite noteworthy a bit better than last month.
Mixed Results Across Maryland’s Casino Properties
The state’s privately-owned casinos—MGM National Harbor, Live! Casino & Hotel, Horseshoe Casino, Ocean Downs Casino, Hollywood Casino, and Rocky Gap Casino—showed varied performances in October. MGM National Harbor led with the highest revenue, recording nearly $69.2 million, which reflects a strong increase of $1.9 million from October 2023. Live! Casino & Hotel followed, posting $58.7 million, an improvement of nearly $875,000 over the prior year.
Conversely, Horseshoe Casino saw its gaming revenue fall by 7.5% year-over-year to just under $13.8 million. Rocky Gap Casino experienced an 11.1% decline, bringing its revenue down to $4.4 million, while Ocean Downs Casino’s revenue dropped 10.8%, ending October with $7.3 million.
Hollywood Casino posted the largest percentage increase of the group, rising 7.3% year-over-year to $7.2 million in October 2024, indicating solid growth within the state’s casino landscape.
Increased State Contributions and Education Funding
October’s casino earnings also boosted contributions to Maryland’s state funds. Gaming revenue contributions increased 1.9% year-over-year, reaching just under $68.6 million for October 2024. The Education Trust Fund received a significant boost as well, with contributions rising by nearly $1 million over the prior year to total $49.5 million.
Maryland’s steady gaming revenue growth, even amid individual property declines, continues to positively impact state funding for essential services, especially education. As the state’s casinos push forward, Maryland expects these contributions to remain a vital part of its financial ecosystem.
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