Maryland Casinos Generate Record $158 Million in Revenue During October

November 7, 2018

Casino gaming revenue contributes $60.7 million to the state

Maryland Lottery and Gaming today announced that October 2018 gaming revenues for the state’s six casinos totaled a new single-month record of $157,960,668, an increase of $24,724,968 (18.6%) compared to the October 2017 total of $133,235,700.

The October 2018 total was an increase of $1,405,075 (0.9%) from the previous single-month record of $156,555,593 in May 2018.

Contributions to the State of Maryland from October 2018 casino gaming revenue totaled $60,692,128, including $45,523,553 for the Education Trust Fund. Casino gaming revenues also support local communities and jurisdictions where the six casinos are located, as well as Maryland’s horse racing industry.

Maryland has six privately owned casinos that offer both slot machines and table games: MGM National Harbor in Prince George’s County; Live! Casino & Hotel in Anne Arundel County; Horseshoe Casino Baltimore in Baltimore City; Hollywood Casino Perryville in Cecil County; Ocean Downs Casino in Worcester County; and Rocky Gap Casino Resort in Allegany County.

Four of the six casinos saw year-over-year increases compared to their October 2017 gaming revenue totals:

MGM National Harbor (3,136 slot machines, 198 table games)
$73,443,098 in October 2018, an increase of $21,490,153 (41.4%) from October 2017.

Live! Casino & Hotel (3,870 slot machines, 202 table games)
$47,003,024 in October 2018, an increase of $1,169,103 (2.6%) from October 2017.

Horseshoe Casino Baltimore (2,194 slot machines, 167 table games)
$21,062,544 in October 2018, an increase of $1,486,007 (7.6%) from October 2017.

Hollywood Casino Perryville (822 slot machines, 21 table games)
$5,850,524 in October 2018, a decrease of $81,665 (-1.4%) from October 2017.

Ocean Downs Casino (892 slot machines, 18 table games)
$6,132,814 in October 2018, an increase of $838,883 (15.8%) from October 2017.

Rocky Gap Casino Resort (665 slot machines, 17 table games)
$4,468,664 in October 2018, a decrease of $177,513 (-3.8%) from October 2017.

Maryland Lottery and Gaming is responsible for oversight of the state’s casinos. In this role, the agency provides direction and guidance to its casino partners on financial, security, regulatory and licensing procedures for the facilities. To keep Marylanders informed and to maintain transparency of casino operations, monthly financial reports are posted on gaming.mdlottery.com. Maryland Lottery and Gaming reminds players to play responsibly and within their budget; resources are available at mdgamblinghelp.org or by calling 1-800-GAMBLER.

9 Responses to Maryland Casinos Generate Record $158 Million in Revenue During October

  1. TellItLikeItIs on November 7, 2018 at 4:02 pm

    Every month is a new record for earnings yet, the cost of sending a child to public school just keeps going up!

    Wouldn’t mind getting an explanation for that. $45.5 million in one month to the education fund! That rolls out to be a half BILLION a year yet, schools falling apart, no money for supplies or activities, and teachers can’t get paid properly!

    • Ted Nugent on November 13, 2018 at 10:25 am

      Ask Owe Malley. All of those that voted for gaming to benefit the school were bamboozled. Whatever the state gives to education is reduced by the amount gaming brings in. It was sold as “extra money” for schools but low and behold the Democrats control Annapolis. So there you go. Yet Mike Miller, Mike Busch et al were all reelected with ease. Let that sink in.

  2. Davis, Melissa on November 7, 2018 at 6:45 pm

    Question 1 was not worded properly. Question 1 should have been full of % instead of figures. Question 1 was written poorly. Why not put %, %, %, %, instead of $, $, $, $?

  3. Roger on November 7, 2018 at 8:30 pm

    I would love to how much the state gets and then how much the state is putting into the education fund as promised to the voters.

  4. Curious George on November 8, 2018 at 7:05 am

    Speaking of which, what happened with the proposed amendments to the MD constitution on Tuesday?
    Are gaming revenues for education required to actually supplement the state education budget?
    Can “residents” register and vote on election day?

  5. joep2 on November 8, 2018 at 10:41 am

    Again, poor choice of words. Gambling does not “generate” revenue. It is a voluntary tax on the foolish.

  6. Anonymous on November 8, 2018 at 12:56 pm

    This is great news! Our schools are going to become better now!

  7. Roy on November 10, 2018 at 11:02 am

    Great, here we go again. Same thing as before. Money from gambling goes to schools. Schools get money from this source or another source. County Commissioners spend tens of millions on the schools along with all the other multiple sources that fund schools. What do we have to show for it? Are our schools any safer? Of course not. Are they going to be safer with more money? Of course not. We continue to pour money in. But, for what? What do we get out of it? Are the schools any better? Do the kids get a better education? Since it is subsidized by the money coming in from gambling, are the taxes cut for the taxpayer? Nope. How about those that never had kids in our schools in the first place? Nope. They continue to pay the high taxes. How about cutting taxes “more” for the elderly who are on a limited fixed income? Nope. It would make far too much sense. And so it goes. Wait another ten years or so. They will find another reason why we need to give schools yet another funding source besides our already high taxes. No doubt the investment in the “children” is an investment in our future. But, as in ANY investment, you never dump money in blindly. You watch how it is spend and ENSURE it is spent wisely. NEVER “assume” it is done correctly. The taxes are YOUR money. Now, even with the added money from gambling, watch the Board of Education ask the Commissioners in the next Fiscal Year for more money. This is my prediction now, and it will be in the future.

    • Ted Nugent on November 13, 2018 at 10:26 am

      The democratic solution to every problem. Let’s throw a bunch of money at it and see if it goes away.