Maryland Poker Revenue Reaches $3.7M in July
The Maryland poker market was slightly down in July compared to the same month last year. Total poker revenue from the month came to $3.7 million. The Maryland Lottery and Gaming Commission released the casino figures for July this week.
Although poker appears to have taken a slight dip, the year-to-date total is actually only off by about one percentage point compared to the first seven months of 2017. This is a good sign, indicating that the market is stable and sustainable after the newness of the state's resort casinos has worn off.
As of July, Maryland poker rooms had raked a total of $25.7 million. The rake over the same period last year was $26 million.
Only four of the state's six casinos have poker rooms, but those which do consider poker to be an important asset. This is evidenced by the prominent location of the rooms within the casinos and the high number of tables offered.
Live! Casino has the most poker tables in the state at 50. MGM National Harbor recently upgraded its poker room from 39 to 46 tables. The two casinos are in a healthy competition for poker traffic and both play host to major poker tours that pass through the region.
MGM's $48 million expansion included moving its poker room to the second floor, which allowed for more space. Casino officials said they never anticipated such a high volume of poker action at the property.
Total gaming revenue from all six Maryland casinos, including slots, table games, and poker came to $146.5 million in July. This marks a 5.6 percent increase year-over-year.