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Reports

Maryland Casino Revenue In May Up Over 6% In April And 2.2% Y-O-Y

Friday 07 de June 2024 / 12:00

2 minutos de lectura

(Maryland).-The Maryland Lottery and Gaming (MLG) announced that in May, the combined revenue from slots and table games at the state’s six casinos amounted to $173.15 million.

Maryland Casino Revenue In May Up Over 6% In April And 2.2% Y-O-Y

May’s revenue represents the ninth-best single-month total in the state’s casino program’s history.

Key takeaways:

  • Maryland casino revenue in May represents a monthly and annual increase and is the second highest this year.
  • Three out of six MD casinos saw a yearly revenue drop, while only one location reported a decrease from April.
  • State legislators attempted to legalize online casinos but will likely wait until 2026 to make another push.
  • May casino revenue in Maryland is the second-best this year

While Maryland casino revenue in May represents a 2.2% annual jump, it shows monthly progress of 6.13% from MD gaming revenue in April 2024 of $163.2 million.

May revenue is also the second highest this year, after March:

  • January: $153,243,316
  • February: $159,226,677
  • March: $178,137,823
  • April: $163,150,675 
  • May: $173,152,961

Maryland casinos contributed $74.4 million in tax revenue to the state during May, a 6.6% monthly rise and a 5.1% annual increase. In May, contributions to the state’s Education Trust Fund of $53.66 million was a 6.57% monthly increase and up 4.2% year-over-year.

MGM National Harbor remains on top

The MLG’s May 2024 revenue report revealed that MGM National Harbor was once again the top revenue earner, surpassing $72 million.

Of the state’s six privately owned casinos, three locations showed yearly progress in revenue – MGM National Harbor, Live! Casino & Hotel and Hollywood Casino. Here’s how much each Maryland casino won during May 2024 and how it compares to last year:

Categoría:Reports

Tags: casinos,

País: United States

Región: North America

Event

PGS, Perú Gaming Show 2024

12 de June 2024

Emotional tribute to Manuel San Román Benavente at PGS 2024

(Lima, SoloAzar Exclusive).-During PGS 2024, a moving posthumous tribute was carried out to the engineer Manuel San Román Benavente who died at the age of 74 and was General Director of the Casino of games and slot machines of the Ministry of Foreign Trade and Tourism of the Peru.

Friday 12 Jul 2024 / 12:00

GLI Perspectives on Gambling Regulation in Latin America

(Lima, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Georges Didier of Gaming Laboratories International (GLI), offers his perspectives on the evolution of gaming regulation in Latin America and the crucial role of GLI in this dynamic landscape.

Friday 12 Jul 2024 / 12:00

Implementation of robust identity verification systems by 2024 expected

(Lima, Exclusive SoloAzar) - During the conference "Knowing your players, AI, and fradue" at the Peru Gaming Show, Samer Atassi, Vicepresident for Latam at Jumio, addressed the growing concern about online gambling security and highlighted the importance of knowing your players to prevent fraud and protect minors.

Thursday 11 Jul 2024 / 12:00

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