Casino Revenue Essentially Flat in January

Maryland Live! saw revenue decline slightly despite the first full month of 24-hour gambling.

Revenue at the Maryland Live! casino was essentially flat between December and January, despite the first full month of 24-hour operations. 

The casino pulled in $35,943,756.19 in January, a decline of just under $100,000 from December. Casino revenue across the state dropped by about $900,000, as the state’s three casinos brought in $44.3 million combined. Maryland Live! is by far the largest casino with 4,750 machines. 

The Hollywood Casino in Perryville pulled in $5,455,111 in January, down from $5,956,140 in December. The Casino at Oceans Downs collected $2,928,919.55, down from $3,335,925.98

Casino revenue generated $14.6 million for operators with the rest going to the state’s Education Trust Fund, local impact grants, and the horse racing industry. 

The breakdown for January was as follows:

  • $14.6 million to casinos
  • $21.8 million to the Education Trust Fund
  • $3.1 million to purses at racetracks
  • $2.4 million to local impact grants
  • $775,736 to racetrack renewal
  • $2 million to the Maryland Lottery
  • $1.5 million to small, minority and women-owned businesses. 

Maryland Live began operating round-the-clock at the end of December. Casinos in Maryland are expecting to introduce live table games later this year. 

How do you think a new casino in Prince George's County would do in its first year? Tell us in the comments.

Ronald L Nadeau February 05, 2013 at 08:48 PM
It would be a Gold Mine for the State treasury. Go for it.


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