Maryland’s Casino industry continued to grow strongly last year as revenues swelled 8.2% to nearly $1.75 billion, according to a data released by the state casino regulators.
Five of the state’s six casinos saw revenue growth in 2018 with MGM National Harbour seeing the biggest gain, while Horseshoe Casino Baltimore faltered. The Maryland Lottery and Gaming control agency, also show the extent to which slots remain king despite the table’s legislation of table games a few years ago, it was reported recently.
The MGM casinos, which opened on the Potomac River in Prince George’s County in December 2016, saw revenue grow nearly $100 million last year to about $705 million.
The impact of MGM arrivals may have pinched Horseshoe Casino Baltimore the most. Revenue slipped nearly $12 million at the Russell street Casino.
Slot revenues from the state’s six casino topped table games revenue by more than $400 million last year. Slots accounted nearly $1.1 billion in revenue while table games such as Blackjack and roulette brought in about $654 million.
The state’s share of casino revenue largely supports the state’s education trust fund.