Maryland Casino Revenue Rises 7% in September
Maryland casinos had a winning month in September. The state Lottery and Gaming Commission released the official revenue figures from last month and they show Maryland Casinos were up seven percent at $143.7 million compared to $134.5 million during the same month in 2017.
Of the $143.7 million won, casinos paid $59.5 million to the state in taxes. It marked the state's fourth-highest month of gaming revenue and indicates the Maryland gaming market is continuing to grow. The American Gaming Association reported that Maryland outpaced the national average for gaming revenue growth in 2017.
Overall, Maryland's casino gambling market grew 34 percent in 2017 with a year total at $1.6 billion. Though that growth shows signs of slowing, it is far from stopping anytime soon. Four out of the state's six casinos experienced year-over-year growth last month.
The state's most winning casino in September was MGM National Harbor, which boasted 10 percent gains at $54.4 million. Live! Casino was not far behind with $50.2 million and year-over-year growth of seven percent.
In third place was Horseshoe Casino Baltimore, which has been losing business to Maryland's two new resorts along with additional regional competition. Horseshoe revenue dropped 1.6 percent at $20.6 million.
Maryland's live poker tables generated $3.7 million while other table games brought in $46.3 million. Slot machines continue to provide the bulk of casino revenue in the state with $93.6 million. Maryland is one of the only states in the region that has yet to consider legal online gambling or sports betting.