Maryland Casino Revenue Slips Slightly in July While Smaller Venues Grow

Maryland’s casino industry saw a slight dip in revenue this July, according to the latest data from Maryland Lottery and Gaming. While the overall numbers were down compared to the same time last year, several of the state’s smaller casinos posted year-over-year growth, softening the blow from declines at the top.

Good to know

• Statewide casino revenue totaled $165.7 million, down 2.5% from July 2024.
• MGM National Harbor brought in the most at $68.6 million, though that marked a 4.7% decline year-over-year.
• The state’s Education Trust Fund received $51.7 million, a 0.5% decrease from the prior year.

Maryland is home to six privately owned casinos offering both table games and slots: MGM National Harbor, Live! Casino & Hotel, Horseshoe Casino Baltimore, Ocean Downs Casino, Hollywood Casino Perryville, and Rocky Gap Casino Resort.

For July 2025, total gaming revenue across all venues reached $165.7 million, with video lottery terminals (VLTs) accounting for $118.2 million and table games bringing in $47.4 million. While the numbers were down overall, not every casino followed the same pattern.

The largest drops came from the state’s biggest earners. MGM National Harbor led all properties with $68.6 million in revenue but was down 4.7% compared to last year. Live! Casino & Hotel followed with $59.7 million, a 4.6% year-over-year decline.

On the flip side, Horseshoe Casino Baltimore saw its revenue rise 8.2% to $14.4 million, while Ocean Downs Casino climbed 6.4% to $10.2 million. Hollywood Casino Perryville posted $7.6 million, up 4.5%, and Rocky Gap Casino Resort saw a modest 1.1% increase to nearly $5.1 million.

Despite the revenue dip, the casinos still managed to contribute nearly $71.9 million to state programs, including education, local communities, minority-owned businesses, and the horse racing industry. The Education Trust Fund received $51.7 million, down slightly by 0.5% compared to last year.

While casino revenue softened, sports wagering in the state continues to trend upward. As reported on July 10, Maryland sportsbooks brought in a combined $403.8 million handle in June 2025 from both retail and mobile betting. That’s a 5% increase over the same period in 2024—indicating that interest in mobile sports wagering remains strong.

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