Home Business News Casinos set new record in May with $172.4 M in revenue

Casinos set new record in May with $172.4 M in revenue

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Casinos set new record in May

For the second time in three months, Maryland’s six casinos have set a single-month gaming revenue record, generating $172,394,450 during May 2021. The total represents an increase of $20,118,651 (13.2 percent) compared to May 2019, when gaming revenue was $152,275,799. All six casinos were closed throughout May 2020 due to the COVID-19 pandemic.

The May 2021 figure surpassed the previous single-month record of $169,179,016, which was set in March 2021; casino gaming contributions to the state in May 2021 totaled $73,358,682, an increase of $9,703,306 (15.2 percent) compared to the $63,655,376 contributed to the state in May 2019.

Contributions to the Education Trust Fund (ETF) in May 2021 were $53,285,419, an increase of $5,537,940 (11.6 percent) compared to the $47,747,479 in ETF contributions during May 2019. Casino gaming revenues also support the communities and jurisdictions where the casinos are located, Maryland’s horse racing industry, and small, minority- and women-owned businesses.

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The gaming revenue totals for May 2021 are as follows:

MGM National Harbor (2,279 slot machines, 200 table games)

$68,381,993 in May 2021, an increase of $9,259,517 (15.7 percent) from May 2019

Live! Casino & Hotel (3,206 slot machines, 188 table games)

$61,395,302 in May 2021, an increase of $7,896,901 (14.8 percent) from May 2019

Horseshoe Casino (1,150 slot machines, 136 table games)

$19,524,416 in May 2021, a decrease of $1,034,724 (-5.0 percent) from May 2019

Fiscal and calendar year-to-date totals are available at www.mdgaming.com/wp-content/uploads/2021/06/MAY-2021-CASINO-REVENUE-DATA.pdf.

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