Skip to main content

Maryland casinos pull back from records

MGM National Harbor
MGM National Harbor generated $67.4 million in August, up 12.9% from a year ago. Most Maryland casinos’ profits were up year-over-year, but fell short of setting records in August. (WTOP/File Photo)

Gambling revenue at Maryland’s six casinos set monthly records in March, May and July, but the betting pulled back a bit in August.

The six casinos generated total gaming revenue of $168.5 million in August, down from a record $180 million in July. Still, August gaming revenue was still up 12.6% from August 2020, when casinos were restricted to 50% capacity.

The state of Maryland collects $71.3 million of the August total for various state programs, the largest contribution goes to the state’s Education Trust Fund.

MGM National Harbor remains the largest casino by gaming revenue, generating $67.4 million in August, up 12.9% from a year ago. Live! Casino & Hotel generated $59.5 million in gaming revenue, up 13.4%.

Baltimore’s Horseshoe Casino reversed several months of year-over-year declines in gaming revenue, up 7.2% from last August to $18 million.

Ocean Downs Casino and Hollywood Casino both posted double digit year-over-year increases in gaming revenue. Rocky Gap Casino was the only one to have a year-over-year decrease, down 4.2%.

Maryland Lottery and Gaming posts monthly and year-to-date casino contributions to the state online.

How to negotiate debt with your credit card company

If you haven't been paying off your credit cards in full every month, you're not alone. According to the Federal Reserve Bank of New York, U.S. household credit card debt increased by $144 billion between the second quarter of 2022 and the second quarter of 2023. Depending on how much debt you have, you might not feel confident about getting out from under it. However, learning how to negotiate credit card debt can provide you with a way to get relief.
Read Next Story