MGM National Harbor’s revenue was tops in the state, but still down year-over-year. Photo by Cheriss May/NurPhoto via Getty Images

Maryland Casino Revenues Drop in March 2025

Originally posted on Action Network | By Dave Grendzynski | Last updated Apr 7, 2025 10:41 AM ET

Maryland’s casino revenue took a hit in March, when you put the numbers up against last March’s totals, but some might call it an unfair comparison.

Maryland’s six casinos recorded a total revenue of $172 million from slot machines and table games last month. It’s a 3% decrease from the same month in 2024, which was one of the casinos’ strongest months.

In March 2024, Maryland casinos registered their fifth-best monthly gaming revenue performance, coming in at $178,137,823, so it might not be a fair comparison for some.

Online Casino Legalization Still Being Discussed

The new figures come out as lawmakers still grapple with the thought of legalizing online casinos in Maryland, too. Lawmakers have been working on a framework since February, but this year’s legislative session is about to end.

Although real money online casinos aren’t available in Maryland yet, people can still have fun with the ever-growing popularity of social and sweepstakes casinos online. These sites let you play just for fun or buy in-game currency, such as gold coins, which you can use to win prizes.

Maryland Casino Revenue Performances March 2025

Here’s a quick look at how Maryland’s individual casinos performed in March 2025:

MGM National Harbor

Revenue: $70.4 million.
Decrease: $4.7 million (6.2%) from March 2024

Live! Casino & Hotel

Revenue: $63.8 million
Decrease: $960,000 (1.5%) from March 2024

Horseshoe Casino Baltimore

Revenue: $17.2 million
Decrease: $70,000 (0.4%) from March 2024

Hollywood Casino Perryville

Revenue: $8.2 million
Decrease: $218,000 (2.6%) from March 2024

Ocean Downs Casino

Revenue: $7.9 million
Increase: $384,000 (5.1%) from March 2024

Rocky Gap Casino Resort

Revenue: $4.5 million
Decrease: $492,000 (9.8%) from March 2024

Overall, March 2025 was a challenging month for Maryland’s gaming industry, with most casinos reporting lower revenues compared to the previous year. Despite the declines, the funds generated continue to play a crucial role in supporting educational initiatives and other state programs.

Contributions to The Old Line State

In March 2025, Maryland’s casinos contributed a total of $74.6 million to the state, marking a 2.5% decrease from March 2024, when contributions were higher by $1.9 million.

Of this amount, approximately $53.8 million was allocated to the Education Trust Fund, reflecting a reduction of about $1.4 million or 2.5% from the previous year. The Maryland Education Trust Fund (ETF) is a special fund that doesn’t expire and gets some of the money from casinos. Its job is to provide extra funding for public elementary and high schools, build and improve school buildings, and support early childhood education.

Beyond supporting education, casino revenues are vital in funding local communities, Maryland’s horse racing industry, and a variety of small businesses across the state.

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