The state of Maryland has continued to see growth within their casino industry when comparing year over year revenue figures. Each month of 2016, the state has seen nice margins of growth and this trend continued for the month of October. The state has five casinos that were able to bring in a combined total of $95.49 million in revenues for the month which showed an increase in revenue totals from October 2015 of .8%.

The state has seen a strong few months with four months of the year having brought in more than $100 million gaming totals by the five venues. For October, the Horseshoe Casino Baltimore earned $26.6 million, which was a 7.9% increase from last year. This is an increase YOY of almost $2 million.

In a statement, the Horseshoe General Manager and Senior Vice President, Erin Chamberlin, stated that the month of October marked another strong month in which we extended the casino’s trend of year-over-year growth. We continue to see an enthusiastic response to our guest promotions and significant interest in our dining and live entertainment offerings, which serve as an important complement to our gaming business.”

The casino in the state that had the largest growth when comparing the month of October this year and last year was the Rocky Gap Casino Resort. Rocky Gap was able to earn $4.7 million this year, which was an increase of just over $12 million. Casino at Ocean Downs was able to see a 6% increase for the month, earning $4.9 million.

Maryland Live earned $53.2 million for the month while Hollywood Casino was able to earn $5.97 million. Both were down in earnings when looking at YOY totals, with Maryland Live decreasing 3.2% and Hollywood seeing a decrease of 4.1%.

By next month, the state will have a sixth casino to help with total revenue earnings when the MGM National Harbor opens up. The casino has a price tag of $1.3 million and will include a casino gaming floor with 125,000 square feet, an arena with 3,000 seats and a hotel with 21 stories.

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