Maryland’s six casinos brought in big money for the state last month as revenue totaled $128.7 million compared to February 2016 when revenue was recorded at $93.2 million, an increase of 38 percent.
The figures released on Monday by Maryland Lottery and Gaming (pdf) show an increase of $2.5 million over what was reported in the state in January. However, not including MGM Resorts’ new casino, MGM National Harbor, which opened in December 2016, casino revenue for the state’s five other casinos last month decreased by $10.3 million or 11.1 percent.
Coming in as the state’s top earner, Maryland Live! Casino brought in over $46 million in revenue in February after being dethroned by MGM National Harbor last month. The Resorts’ casino located in Oxon Hill, Maryland hauled in $48.8 million in January, its first full month of operations, compared to revenue reported in February of just under $45.8 million. Meanwhile, Maryland Live! managed to get its second wind in February, reporting revenue of $46.3 million; an increase of $2.3 million over January’s total but approximately $7.7 million less than its February 2016 reported earnings.
Similar to January’s numbers, MGM National Harbor’s revenue sources were fairly even, with table games earning $22.1 million and slots at $23.7 million. Of the $46.2 million from both slot machines and table games at Maryland Live! Casino, the per unit per day gross gaming revenue broke down to $264.21 for slots, $3,535.57 for banked table games, and non-banked table games at $1,076.29.
Revenue at Maryland Live! for February 2017 was down by 14.3 percent compared to the same time last year. The casino operates just shy of 4,000 slots and approximately 2019 tables games; 157 of which are banked and 52 non-banked.
Horseshoe Casino Baltimore generated $22 million dollars from table games and slots in February, an 11.9 percent decrease from the same time last year. In February 2017, Hollywood Casino Perryville generated $6.2 million from slot machines and table games, a decrease of 4.6 percent from the same time last year. Revenue of $4.3 million from slots and table games was generated by Rocky Gap Casino Resort last month, an increase of 13.9 percent from February 2016. Casino at Ocean Downs, meanwhile, generated just over $4 million from its slot machines in February, an increase of 3.5 percent from the same time last year. Casino at Ocean Downs does not operate table games.
Time will tell if Maryland Live! can retain its title as the state’s biggest earner or whether the excitement of the opening of MGM National Harbor is still reverberating with gamblers.