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Thursday, August 10, 2017

Maryland Casinos Generate $138.8 Million in Revenue During July

MGM National Harbor leads the way at nearly $50.8 million in revenue
 
(BALTIMORE) – Maryland Lottery and Gaming today announced July 2017 revenue numbers for the state’s six casinos: Hollywood Casino Perryville in Cecil County, Horseshoe Casino Baltimore in Baltimore City, Casino at Ocean Downs in Worcester County, Maryland Live Casino in Anne Arundel County, Rocky Gap Casino Resort in Allegany County and MGM National Harbor in Prince George’s County. Maryland’s casinos totaled $138,756,987 in revenue during July 2017 – an increase of $34,907,222, or 33.6%, compared to the July 2016 figure of $103,849,764.

In a year-to-year comparison not including MGM National Harbor, which opened on Dec. 8, 2016, statewide casino revenue in July 2017 decreased by $15,865,020, or 15.3%.

MGM National Harbor generated $50,772,243 from both slot machines and table games in July. Gross gaming revenue per unit per day in July at MGM National Harbor was: $282.97 for slot machines, $5,352.87 for banked table games and $1,608.43 for non-banked table games. MGM National Harbor operates 3,126 slot machines and 168 (129 banked and 39 non-banked) table games.

Maryland Live Casino totaled $46,846,464 from both slot machines and table games in July. Maryland Live’s gross gaming revenue per unit per day was: $263.11 for slot machines, $3,206.25 for banked table games and $768.52 for non-banked table games. July 2017 revenue at Maryland Live decreased by $13,635,091, or 22.5%, from July 2016. Maryland Live Casino operates 3,910 slot machines and 190 (138 banked and 52 non-banked) table games.

Horseshoe Casino Baltimore generated $22,992,004 from both slot machines and table games in July. Gross gaming revenue per unit per day was: $201.79 for slot machines, $1,840.50 for banked table games and $629.39 for non-banked table games. Horseshoe Casino’s July 2017 revenue decreased by $1,993,321, or 8.0%, from July 2016. Horseshoe Casino Baltimore operates 2,202 slot machines and 178 (153 banked and 25 non-banked) table games.

Hollywood Casino Perryville generated $6,603,233 from both slot machines and table games in July. Gross gaming revenue per unit per day was: $221.39 for slot machines, $2,130.42 for banked table games and $416.37 for non-banked table games. Hollywood Casino’s July 2017 revenue decreased by $162,968, or 2.4%, from July 2016. Hollywood Casino Perryville operates 822 slot machines and 21 (13 banked and 8 non-banked) table games.

Casino at Ocean Downs generated $6,459,557 from slot machines in July, and its gross gaming revenue per unit per day was $260.47. Casino at Ocean Downs’ July 2017 revenue decreased by $90,894, or 1.4%, from July 2016. Casino at Ocean Downs operates 800 slot machines and does not have table games.

Rocky Gap Casino Resort generated $5,083,486 from both slot machines and table games in July. Gross gaming revenue per unit per day was: $213.43 for slot machines and $1,322.22 for banked table games. This facility does not have non-banked table games. Rocky Gap Casino Resort’s July 2017 revenue increased by $17,254, or 0.3%, from July 2016. Rocky Gap Casino Resort operates 663 slot machines and 17 banked table games.

Under Maryland law, casino revenue supports the Maryland Education Trust Fund, local impact grants, local jurisdictions, the state’s horse racing industry and the Maryland General Fund.

Maryland Lottery and Gaming is responsible for oversight of the state’s casinos. In this role, the agency provides direction and guidance to its casino partners on financial, security, regulatory and licensing procedures for the facilities. To keep Marylanders informed and to maintain transparency of casino operations, monthly financial reports are posted on gaming.mdlottery.com. Maryland Lottery and Gaming reminds players to play responsibly and within their budget; resources are available at mdgamblinghelp.org or by calling 1-800-GAMBLER.



JULY 2017 CASINO NUMBERS

6 comments:

Anonymous said...

Great, but where is that money going?

Anonymous said...

How about giving some of that money back to the tax payers.

Anonymous said...

Not where it needs to 742. In 3-5 years it will flat line (no longer increases) then what gimmick will MD look to for a revenue generator? Tolls on Route 50 to OC?

Gorilla in the corner (not elephant since it moves to slow) is when VA decides to stop letting its money go to the MGM casino and builds its own casino in Northern VA.

THEN what will MD do?

Anonymous said...

More poor people made even poorer.

Anonymous said...

Somebody is loosing big money.

Anonymous said...

The house always wins in gambling.