Maryland’s casino industry faced a slight downturn in January 2025, with revenue dropping 0.9% compared to the previous year. Despite this decline, state contributions from casino gaming saw an increase.
Key Takeaways:
- Maryland casino revenue dipped to $151.8 million in January 2025
- State contributions from casino gaming increased despite revenue decline
- MGM National Harbor remained the top-performing casino in the state
Maryland’s six casinos reported a combined revenue of $151.8 million in January 2025, marking a 0.9% decrease from the same month in 2024. This slight dip in revenue comes amid a period of economic uncertainty, yet the state’s share of casino proceeds has shown resilience.
MGM National Harbor, located in Prince George’s County, maintained its position as the state’s leading casino. The property generated $62.6 million in revenue, accounting for a significant portion of the state’s total. However, this figure represents a 2.5% decrease compared to January 2024.
Live! Casino & Hotel Maryland, situated in Anne Arundel County, secured the second spot with $55.1 million in revenue. This performance marked a modest 0.6% increase year-over-year, demonstrating the property’s ability to attract patrons despite challenging market conditions.
Horseshoe Casino Baltimore experienced the most substantial decline among the state’s casinos. The urban casino, which has faced increased competition since its opening, saw its revenue drop by 4.6% to $15.6 million.
The state’s three smaller casinos – Hollywood Casino Perryville, Ocean Downs Casino, and Rocky Gap Casino Resort – collectively contributed $18.5 million to the total revenue. These properties, while smaller in scale, play a crucial role in Maryland’s diverse casino landscape, offering gaming options to different regions of the state.
Despite the overall revenue decrease, Maryland’s casino industry continued to provide substantial contributions to state programs. The education trust fund received $45.6 million, an increase from the previous year. This underscores the importance of the casino industry to Maryland’s public education system, even in times of fluctuating revenue.
Local impact grants, which benefit communities hosting casinos, saw an uptick to $6.1 million. These grants play a vital role in supporting infrastructure improvements and community programs in areas surrounding casino properties.
The Maryland casino market’s performance in January 2025 reflects the ongoing challenges and opportunities within the industry. While facing a slight revenue decline, the sector’s ability to maintain strong contributions to state and local programs highlights its resilience and importance to Maryland’s economy.
As the industry navigates through economic uncertainties, factors such as consumer spending patterns, competitive pressures from neighboring states, and potential regulatory changes will continue to shape the landscape of Maryland’s casino gaming sector. Stakeholders will be closely monitoring these trends to ensure the industry’s continued viability and its ability to support state initiatives in the coming months.
