Maryland Casino Revenue Decrease For Only One Casino In August 20212 min read

Maryland Casino Revenue Decrease For Only One Casino In August 2021

Maryland Casinos are having a good time as the post covid scenario has seen tremendous response from the Gamblers. Maryland casinos are popular and are a house full on weekdays as well as weekends. The reason for this is probably the quality services and ambiance provided by the casino owners. People enjoy and have a good time at the places.

Maryland Casinos are seeing a steady growth in revenues as people are coming out of their houses to seek entertainment. Only a lone Maryland Casino has posted a revenue decrease on a year-to-year basis till August. All the rest others casinos posted a consolidated increase in revenue on a year-to-year basis.

Maryland Casino Revenue Decrease
Maryland Casino Revenue Decrease

Which Maryland casino posted a revenue decrease? 

The Rocky Gap Casino in Maryland posted a revenue decrease in August 2021. Rocky Gap Casino is the only casino in Maryland that posted a year-to-year revenue decrease in August. Rocky Gap Casino is a popular casino that receives tremendous response and traffic on the weekends, especially Friday.

Rocky Gap Casinos operates with 658 slot machines and 16 table games. The gross revenue earned by the casino in August 2021 was $5,902,778. Rocky Gap Casino witnessed a decreased revenue of $259,590. The revenue decrease percentage was observed to be -4.2% from August 2020. This was a major setback for the Rocky Gap Casino.

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Maryland Casino Revenue Decrease
Maryland Casino Revenue Decrease

What was Maryland casinos revenue in August 2021?

The casino gaming contributions to Maryland state in August 2021 were $71,284,480. The total increase in the revenue was $10,453,351. In August 2020 the gross revenue from Maryland casinos was $60,831,129. There is clearly an increase of 12% from the last year’s revenue and this is mainly because the casinos were allowed to reopen with 50% capacity.

Revenues of Maryland Casino in August 2021:

MGM National Harbor- $67,421,609

  • 2,167 Slot Machines and 201 Table Games
  • Increase of 12.9%

 

Live! Casino and Hotel- $59,506,465

  • 3,749 slot machines and 190 table games
  • Increase of 13.4%
Maryland Casino Revenue Decrease
Maryland Casino Revenue Decrease

Horseshoe Casino- $18,001,130

  • 862 slot machines and 18 table games
  • Increase of 7.2%

 

Ocean Downs Casino- $9,859,131

  • 862 slot machines and 18 table games
  • Increase of 29.2%

 

Hollywood Casino- $7,768,635

  • 766 slot machines and 16 table games
  • Increase of 14.5%

 

The Maryland casinos saw a steep increase in the revenue from all the five casinos except the Rocky Gap Casino. However, we expect things to normalize soon and the casinos to operate with full capacity with increased revenues.

Rocky Gap casino has started to increase its operations and gather the crowd through intense advertising and marketing. This will boost the revenue

Also Read – Gambling Regulators Approve Moving Bossier City Casino To Slidell

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