Casinos in Maryland’s See Revenue Decrease in June

It’s significant because, beyond the glitz, Maryland’s casino industry is a crucial economic player, supporting various state sectors.

Fiscal Year Reflections

June 30 marked the end of the fiscal year for Maryland Lottery and Gaming. For Fiscal Year 2025, total casino revenue reached over $1.8 billion, a slight 0.5% increase from the previous year.

Distribution of Gaming Revenue from Casinos in Maryland

Casino revenues in Maryland play a significant role beyond just profit margins.

In June alone, nearly $69 million was contributed to various state funds, although this was a decrease of almost 2% from the previous year. A chunk of this, specifically more than $49 million, was directed toward the Education Trust Fund, albeit $954,000 less than in June 2024.

Since Maryland’s casinos began operating in September 2010, they’ve generated nearly $19.8 billion in revenue, and Maryland’s casino revenues benefit more than just education. They support local jurisdictions, the horse racing industry, and small, minority-, and women-owned businesses. This diverse allocation helps to buffer against the natural ups and downs of monthly revenue changes.

The Maryland Education Trust Fund received over $6 billion, supporting vital educational initiatives.

Casino operators gained the largest share, over $11 billion. The horse racing industry benefited with approximately $955 million, while local support initiatives received around $979 million. The Maryland Lottery and Gaming sector obtained roughly $153 million, and small, minority- and women-owned businesses, along with commerce initiatives, got around $152 million.

The state’s General Fund saw contributions totaling about $15.3 million, which shows the diverse financial impact casinos have had since their inception.

Which Maryland Casinos Fared the Best

Not all casinos felt the same impact. MGM National Harbor and Live! Casino & Hotel, two of the state’s giants, saw declines. MGM earned $67.17 million, down by 1.4%, and Live! Casino dropped 2.4% to $58.96 million.

Here’s the list of casinos in Maryland and the revenue each generated in June:

• MGM National Harbor (2,272 slot machines, 208 table games)
  $67,166,662 in June 2025, a decrease of $984,830 (-1.4%) from June 2024
• Live! Casino & Hotel (3,826 slot machines, 179 table games)
  $58,956,143 in June 2025, a decrease of $1,442,896 (-2.4%) from June 2024
• Horseshoe Casino (1,359 slot machines, 115 table games)
  $14,223,686 in June 2025, an increase of $110,970 (0.8%) from June 2024
• Ocean Downs Casino (891 slot machines, 19 table games)
  $8,484,525 in June 2025, an increase of $348,663 (4.3%) from June 2024
• Hollywood Casino (734 slot machines, 23 table games)
  $7,243,207 in June 2025, a decrease of $279,795 (-3.7%) from June 2024
• Rocky Gap Casino (642 slot machines, 12 table games)
  $4,594,322 in June 2025, an increase of $2,000 (0.04%) from June 2024

Interestingly, some smaller players bucked the trend.

Ocean Downs Casino enjoyed a 4.3% increase, bringing in $8.48 million, and Horseshoe Casino had a modest 0.8% gain to hit $14.22 million. Meanwhile, Rocky Gap Casino held steady with no change, and Hollywood Casino Perryville faced a 3.7% dip.

Maryland Casinos Hoping for a Bounce-Back in July

As we move into July, Maryland’s regulators and industry stakeholders are keeping a watchful eye on the horizon. They have experienced a dip like this before, as recently as April.

With the new fiscal year in full swing, there’s a need to understand how broader economic and seasonal factors might influence future casino revenue. Will the downward trend seen in June continue, or will we witness a resurgence? Only time will tell.

Although June 2025 saw a dip, Maryland’s casinos remain a vital economic pillar. Their contributions to various sectors underscore the importance of monitoring and adapting to economic shifts as the year progresses. For now, stakeholders remain cautiously optimistic, prepared to navigate whatever lies ahead.