Horseshoe is only Maryland casino with a gaming revenue drop

WASHINGTON — Five of Maryland’s six casinos turned in higher gaming revenue numbers in August 2018 compared to a year ago, and MGM National Harbor continued to account for the lion’s share of it.

The addition of the MGM National Harbor casino in December 2016 made the Baltimore-Washington casino market the 4th largest commercial casino market nationally for 2017.

Maryland Lottery and Gaming reported a total August 2018 gaming revenue of $146.3 million, up 6.4 percent from August 2017.

Baltimore’s Horseshoe Casino was the only Maryland casino to report a drop with an August gaming revenue of $21 million, down 3.7 percent from a year ago.

MGM National Harbor’s August gaming revenue was $58.3 million, up 10.3 percent from last August. MGM National Harbor accounted for 40 percent of all gaming revenue at Maryland’s casinos last month.

Live! Casino & Hotel had $47 million in gaming revenue last month, up 5.1 percent.

Maryland’s three smaller casinos, Hollywood Casino Perryville, Ocean Downs Casino and Rocky Gap Casino Resort, all posted gains, led by a 19.1 percent jump at Ocean Downs from a year ago.

Of the total August gaming revenue collected by the six casinos, $60.4 million of that goes to Maryland, the bulk of which is contributed to the state’s Education Trust Fund.

For Maryland’s fiscal 2018 year, which ended in July, Maryland’s casinos generated a record $1.679 billion in gaming revenue.

Maryland Lottery and Gaming posts monthly and year-to-date distributions of the state’s share of casino revenue online each month.

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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