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Maryland Casino Revenues Hit A New High

Maryland Casinos Revenue Hit A New High

Maryland’s casino industry has touched a new high in March as it grossed $163.3 million in revenue. The revenue posted is from the six licensed casinos operating in the state.

The March figures posted by Maryland Lottery and Gaming are 3.4% more than the previous high of $158 million the state’s casino industry generated.

What’s notable is that all six Casinos registered an increased revenue indicating that all the venues have performed par-expectations.

In a statement to the press Gordon Medenica, Maryland Lottery and Gaming Director talked about the stunning growth figures and termed it as”great news for the state.”

“It’s especially impressive at a time of intense competition and expanding gaming options in surrounding states,” he added.

Horseshoe Casino Baltimore recorded a 3 percent year-on-year hike by grossing $25.6 million in revenue for March. Hanover’s Live Casino & Hotel won the highest gainer race by hitting $62.8 million in revenue which is a 19 percent increase.

MGM National Harbor brought in $62.8 million in revenue which is 3 percent up year-on-year.

The other casinos also did well with Ocean Downs Casino registered a 12.4 percent increase in revenue.

Further, Rocky Gap Casino Resort revenue surged by 9.2 percent to $5.2 million. Hollywood Casino Perryville posted revenues up 0.5 percent to $7.2 million.

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Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

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