Casino revenue in Maryland is not earned like one big, grand jackpot but is apparently generated just a few hundred dollars at a time.
WASHINGTON — Maryland’s five existing casinos generated about $95.5 million in revenue for the state in October, up 0.8 percent from a year ago. But all that casino revenue is apparently generated just a few hundred dollars at a time.
Monthly data from the Maryland Lottery and Gaming Commission showed that at Maryland Live! Casino in Arundel Mills, the casino that generates the most revenue for the state, gross gaming revenue produced by each slot machine averaged $271.60 per day.
Maryland Live! also has about 4,000 slot machines in house, so even a couple of hundred dollars in revenue per machine per day adds up.
There are also more than 200 table games at Maryland Live!, including blackjack, craps, roulette, baccarat and a poker room. Banked (played against the dealer) and unbanked (played against other players) table games generated almost $5,000 per day per table in October.
Maryland Live! accounted for $53.2 million of Maryland’s $95.5 million in October casino revenue, down about 3.2 percent from a year ago.
The best year-over-year growth in gambling revenue was at Baltimore’s Horseshoe Casino. Its $26.6 million October revenue was up 7.9 percent from a year ago.
As for Maryland’s other three casinos: Hollywood Casino Perryville generated $5.9 million in October revenue, Casino at Ocean Downs generated $4.9 million and Rocky Gap Casino Resort generated $4.7 million in October revenue.
Maryland will get its sixth revenue-generating casino next month. The MGM National Harbor casino and resort is scheduled to open Dec. 8.