This is a 0.8% increase from the previous record of $180.1 million set in July 2021, and it puts the state on track to have another record-breaking year.
Road to All-Time High
After nearly breaking the $180.1 million record several times during the year, Maryland’s six active casinos finally set a new record last July.
It had a 5-month streak of continuously increasing revenue which includes three months with at least $170 million in revenue each.
It drops in June but had a seasonal boost during July when it reaches $181.5 million.
|Month||Revenue (in Million $)|
Maryland Casino Market Being Dominated
MGM National Harbor and Live! Casino & Hotel Maryland dominates the market as it accounts for more than ¾ of the total July 2022 revenue.
MGM’s $77.2 million shows a 6.8% increase compared to July 2021 numbers while Live!’s $61.6 million is surprisingly lower than its comparable month in 2021.
|Casino||Slot Win||Table Games Win||Total|
|MGM National Harbor||$43.6M||$33.7M||$77.2M|
|Live! Casino & Hotel Maryland||$43.8M||$17.8M||$61.6M|
|Horseshoe Casino Baltimore||$12M||$6.4M||$18.4M|
|Ocean Downs Casino||$9.7M||807K||$10.5M|
|Hollywood Casino Perryville||$6.4M||$1.2M||$7.5M|
|Rocky Gap Casino Resort||$5.6M||637K||$6.2M|
Football Season Boost
We may expect another all-time high from the Marylanders as the NFL regular season will start soon. Five out of the 6 casinos that have a sportsbook are expected to have another leap in terms of revenue.
Additionally, Two of the best sportsbooks are currently available in the top 2 casinos in Maryland. MGM co-owned BetMGM while Live! Houses a FanDuel Sportsbook which makes it more probable that Old Line State could do more in the coming months.
The casino and sports betting industry has been growing steadily in recent years, and this trend looks like it will continue in the future. Maryland’s casinos are providing an increasingly important source of revenue for the state, and they are also creating jobs and supporting economic growth.
With more people than ever gambling at Maryland casinos, it is clear that this industry is here to stay.