Casinos in Maryland Earn More Than $165 Million In September 2021

Casinos in Maryland Earn More Than $165 Million In September 2021

The six casinos in the state of Maryland earned a combined revenue of over $165 million in September 2021. This is an increase of 15% over September 2020. The Maryland State Lottery and Gaming Control Agency released its report for September 2021. The report states that the total revenue of gambling casinos has increased by 19% for the fiscal year 2022. In dollar terms, the revenues have increased from $ 433 million to $ 514 million.

Revenue breakdown

The revenue generated has been on account of an increase in revenue from video lottery terminals (VLTs). VLTs earned a gross revenue of more than $109 million. Revenue from table games accounted for only $ 56 million. Other sources of revenue were the horse racing industry, small, local aid, minority as well as women-owned businesses.

Casinos that did well in terms of revenue

Out of the six casinos that are licensed to operate in the state, National Harbor that is owned by MGM has claimed the top spot in terms of revenue. The casino earned a revenue exceeding $ 69 million.  Live! Casino & Hotel was placed in a not-too-distant second place. It earned a revenue of $ 56.4 million. Ocean Downs, Rocky Gap, and Hollywood, the three other casinos also generated revenues of $ 9 million, $5.3 million, and $ 7.4 million respectively. Maryland’s Gaming Program earned a cumulative revenue of over $ 12.3 billion in September 2021 from September 2010.

Economic scenario for casinos in Maryland sees a recovering trend in 2021

The increase in earnings for the six casinos has come in the wake of a resurgence for traditional, brick and mortar casinos. These traditional casinos have experienced a resurgence in business after low earnings that were reported during the height of the pandemic on account of low capacity as well as frequent closures on account of the restrictions placed on their operation. Operators in the state struggled and have experienced major losses on account of the pandemic in 2020.

About sherlock

Sherlock Gomes loves to write and express his views on anything related to Gaming, Gambling, & Casino. He has been covering Gaming for more than two years now.