{"id":7667,"date":"2024-08-06T06:09:15","date_gmt":"2024-08-06T06:09:15","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/08\/06\/maryland-casino-revenue-drops-by-4-5m-in-july-compared-to-last-year\/"},"modified":"2024-08-06T06:09:15","modified_gmt":"2024-08-06T06:09:15","slug":"maryland-casino-revenue-drops-by-4-5m-in-july-compared-to-last-year","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/08\/06\/maryland-casino-revenue-drops-by-4-5m-in-july-compared-to-last-year\/","title":{"rendered":"Maryland Casino Revenue Drops by $4.5M in July Compared to Last Year"},"content":{"rendered":"<div>\n<p>The Maryland Lottery and Gaming has released the financial results for the gaming income collected in the state in July. Slot machine and table game revenue at the six casinos in the state totaled $169.8 million. This amount shows a $4.5 million drop in comparison to the previous year. Nevertheless, these figures surpass the previous month\u2019s revenue of <a href=\"https:\/\/igaming.org\/casino-news\/maryland-casinos-generate-162-9m-in-june-revenue\/\">$162.9 million in June<\/a>.<\/p>\n<p>In July 2024, the state received contributions from the casino industry totaling slightly under $72.2 million, indicating a 1.4% decrease over the same month the previous year.<\/p>\n<h2><strong>Revenue Breakdown by Casino<\/strong><\/h2>\n<p>Maryland\u2019s six privately owned casinos, all featuring slot machines and table games, reported revenue drops in July. MGM National Harbor, located in Prince George\u2019s County, topped the list with nearly $72 million in revenue. Despite this, it still experienced a slight 0.2% year-over-year decrease.<\/p>\n<p>Live! Casino &#038; Hotel in Anne Arundel County followed with $62.6 million in revenue, marking a similar small decline compared to the same period last year.\u00a0Horseshoe Casino Baltimore encountered the most significant drop among the six casinos, with a 16.9% decrease, resulting in $13.3 million in revenue for July 2024.<\/p>\n<p>Ocean Downs Casino generated $9.6 million in revenue, reflecting a $460,000 year-over-year decrease. Hollywood Casino\u2019s revenue fell by 2.8%, bringing in just under $7.3 million for July 2024. Rocky Gap Casino also saw a decline of 13.4% from July 2023, with revenue slightly exceeding $5 million.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The contributions to the Education Trust Fund from casino gaming in July 2024 were $52 million, a decrease of 1.4% compared to July 2023. Beyond supporting education, casino gaming revenues also aid the communities and jurisdictions hosting the casinos, Maryland\u2019s horse racing industry, and small, minority-, and women-owned businesses.<\/p>\n<p>Maryland\u2019s casino industry faces challenges, as reflected in these financial results. However, the revenue generated continues to play a crucial role in supporting various state programs and local initiatives.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/maryland-casino-revenue-drops-by-4-5m-in-july-compared-to-last-year\/\">Maryland Casino Revenue Drops by $4.5M in July Compared to Last Year<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Maryland Lottery and Gaming has released the financial results for the gaming income collected in the state in July. Slot machine and table game revenue at the six casinos in the state totaled $169.8 million. This amount shows a $4.5 million drop in comparison to the previous year. Nevertheless, these figures surpass the previous [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7667","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7667"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7667\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}