First year-over-year comparison for MGM National Harbor (and it’s up)

WASHINGTON — With gaming revenue at Maryland’s six casinos up from a year ago, MGM National Harbor saw a jump of 2.9 percent, compared with last year.

MGM National Harbor had $50,247,449 in gaming revenue in January.

It was the first month in which it was possible to make a direct year-over-year comparison for MGM National Harbor, which opened on Dec. 8, 2016.

At MGM National Harbor, players gambled $316.81 at slot machines, $5,241.82 at banked table games and $1,503.69 at non-banked table games. In banked games, players play against the house in games that include blackjack, craps and roulette. In non-banked table games, players play against each other in games such as poker.

In total, Maryland’s six casinos had gaming revenue of $127,784,456 in January, up 1.2 percent or $1,571,700 from January 2017.

That total compares to $141 million in December.

The state’s second-largest casino, Live! Casino at Arundel Mills, slipped a bit from a year ago, with $43.5 million in gaming revenue, down 1 percent.

Baltimore’s Horseshoe Casino, the state’s third-largest casino, had $20.1 million in revenue in January, down 0.7 percent from a year earlier.

Ocean Downs Casino, near Ocean City, had a big jump in gross gaming revenue, totaling $4.5 million, up 23.6 percent from January 2017.

Hollywood Casino Perryville’s $5.7 million in gaming revenue was down 1.2 percent. Rocky Gap Casino Resort’s $3.7 million in revenue was down 1.1 percent.

Maryland’s share of gross casino revenue, roughly 40 percent, is earmarked for the Maryland Education Trust Fund, local impact grants, the state’s horse racing industry and the Maryland General Fund.

Monthly and year-to-date distributions are publicly available on the Maryland Lottery and Gaming Control’s website.

Live! Casino is wrapping up a major redevelopment that includes a 17-story hotel, event center and meeting spaces, day spa and salon. It is expected to open by spring.

Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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