Revenue at the Maryland Live! casino was essentially flat between December and January, despite the first full month of 24-hour operations.
The casino pulled in $35,943,756.19 in January, a decline of just under $100,000 from December. Casino revenue across the state dropped by about $900,000, as the state’s three casinos brought in $44.3 million combined. Maryland Live! is by far the largest casino with 4,750 machines.
The Hollywood Casino in Perryville pulled in $5,455,111 in January, down from $5,956,140 in December. The Casino at Oceans Downs collected $2,928,919.55, down from $3,335,925.98
Casino revenue generated $14.6 million for operators with the rest going to the state’s Education Trust Fund, local impact grants, and the horse racing industry.
The breakdown for January was as follows:
- $14.6 million to casinos
- $21.8 million to the Education Trust Fund
- $3.1 million to purses at racetracks
- $2.4 million to local impact grants
- $775,736 to racetrack renewal
- $2 million to the Maryland Lottery
- $1.5 million to small, minority and women-owned businesses.
Maryland Live began operating round-the-clock at the end of December. Casinos in Maryland are expecting to introduce live table games later this year.
How do you think a new casino in Prince George's County would do in its first year? Tell us in the comments.
