Casinos contribute $76.1 million to the state
(Baltimore) — For the second year in a row, Maryland’s six casinos began the fiscal year with a record-setting performance, generating $181,503,226 in gaming revenue during July 2022. The total surpassed the previous single-month record that was set in July 2021 by $1,357,710 (0.8%). Maryland’s fiscal year runs from July 1 through June 30.
Casino gaming contributions to the state in July 2022 totaled $76,074,424, a decrease of $1,263,979 (-1.6%) compared to July 2021. Although July 2022 marked a single-month revenue record, contributions to the state were lower compared to July 2021 because table game revenues grew while slot machine revenues declined slightly. Slot machines are taxed at a higher rate.
Contributions to the Education Trust Fund (ETF) in July 2022 were $55,273,437, a decrease of $996,129 (-1.8%) compared to July 2021. Casino gaming revenues also support the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry, and small, minority- and women-owned businesses.
“We had a record-setting Fiscal Year 2022, and we’ll be announcing those figures soon, but for now we congratulate our casino partners on a great first month of FY2023,” said Maryland Lottery and Gaming Director John Martin. “The casinos are continuing to expand their entertainment options as they rebound strongly from the pandemic, and their success translates into funding for schools, communities and businesses.”
Maryland’s six privately owned casinos offer both slot machines and table games: MGM National Harbor in Prince George’s County; Live! Casino & Hotel in Anne Arundel County; Horseshoe Casino Baltimore in Baltimore City; Ocean Downs Casino in Worcester County; Hollywood Casino Perryville in Cecil County; and Rocky Gap Casino Resort in Allegany County.
The gaming revenue totals for July 2022 are as follows:
MGM National Harbor (2,106 slot machines, 210 table games)
$77,236,753 in July 2022, an increase of $4,936,773 (6.8%) from July 2021
Live! Casino & Hotel (3,854 slot machines, 180 table games)
$61,571,273 in July 2022, a decrease of $1,332,700 (-2.1%) from July 2021
Horseshoe Casino (1,518 slot machines, 131 table games)
$18,398,111 in July 2022, a decrease of $946,577 (-4.9%) from July 2021
Ocean Downs Casino (849 slot machines, 19 table games)
$10,518,255 in July 2022, an increase of $25,225 (0.2%) from July 2021
Hollywood Casino (705 slot machines, 18 table games)
$7,546,197 in July 2022, a decrease of $1,236,626 (-14.1%) from July 2021
Rocky Gap Casino (626 slot machines, 16 table games)
$6,232,637 in July 2022, a decrease of $88,385 (-1.4%) from July 2021
Maryland Lottery and Gaming is responsible for oversight of the state’s casinos. In this role, the agency provides direction and guidance to its casino partners on financial, security, regulatory and licensing procedures for the facilities. To keep Marylanders informed and to maintain transparency of casino operations, monthly financial reports are posted on mdgaming.com. Maryland Lottery and Gaming reminds players to play responsibly and within their budget; resources are available at mdgamblinghelp.org or by calling 1-800-GAMBLER.