Bet365 is excited to announce it has secured a license from the Maryland Lottery and Gaming Control Agency to begin offering online sports betting in the state.Already...
Maryland casinos report modest revenue growth in October
Total casino revenue across Maryland’s six land-based properties reached $162.1 million in October, representing a 1% increase, or $1.5 million more than the same month in 2024.
The growth came from combined revenue from slot machines and table games, which make up the a big part of the state’s casino earnings.
The tax revenue from casinos has also increased, reaching the amount of $69.6 million which is $1 million or 1.5% more than the figure for October last year. The total revenue from Maryland’s casinos in October has raised the total amount of the state so far this fiscal year to $649.5 million.
Even though there have been increases in October, this still means a decline of 2.1% compared to the same last year, and tax revenue for the fiscal year fell by 1.4%.
Analyzing separate properties, Horseshoe Casino was the front-runner in the growth march of October, bringing in $15.5 million, which is an increase of 12.7% compared to last year. Hollywood Casino, on the other hand, suffered the largest fall, with a decrease in revenue of up to 10.5%, settling at $6.4 million.
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