Maryland’s June Gambling Revenues Down, Casinos Hold Strong

Spread the Word:

Maryland’s gambling market revenues declined slightly in June 2023, with a 17.2% drop from May in sports betting handle.

The state’s six casinos still declined, but kept a better pace, dropping 3.36% on the previous month’s figures. The most popular casino for Marylanders in June was MGM National Harbor (pictured), which pulled in $69 million in revenues.

The total revenue for all casinos was $163,717,230 from slot machines and table games in June 2023, according to the latest figures from Maryland Lottery and Gaming.

Despite a slight dip from the $169.4 million collected in May, this figure represents a year-over-year increase of $971,931 (0.6%) compared to June 2022.

Combined, all forms of gambling in the Free State made $194 million in revenues for operators. They contributed $72 million in state taxes, some $51 million of which was earmarked for education funding.  

Sports Betting still Mobile First

Sports betting, meanwhile, saw a big drop in handle and revenue. Bettors in Maryland placed $254 million in wagers at the 20 retail and online sportsbooks in June, compared to $320 million in May. They held on to 10.6% of those wagers as wins at $18 million, slightly under the 13.3% monthly average.

Some 95.3% of that handle came from Maryland online sportsbooks, a picture reflected across the U.S.

The drop in handle also meant revenues fell for sports operators. They paid $2.5 million in taxes for the month, which is significantly less than the state’s casinos.

However, it is traditionally a tough month for US sports betting during the off-season for most major sports. Maryland’s books also lost more than $300,000 on ice hockey wagers during the NHL finals.

Tax Contributions and Top Performers

In terms of tax contributions, Maryland’s casino gaming contributed $69,430,233 to the state in June, marking a 1.6% increase from the same month last year.

The state’s Education Trust fund received more than $50 million from gaming revenue in June, bringing the total tax contributions to the fund to more than $250 million so far this year.

In the first half of the year, Maryland casinos have generated slightly more than $1 billion.

This puts them on track to potentially surpass the total casino revenue of about $2.051 billion recorded in 2022, which itself was a 6.7% increase from $1.922 billion in the 2021 calendar year.

MGM National Harbor, near Alexandria, emerged as the top-performing casino in June, generating $69 million in revenue. Live! Casino and Hotel, near Hanover, was the second-most popular casino for Marylanders, with $57.79 million in revenues.

Rounding out the bottom of the list was Rocky Gap Casino near Cumberland, on the state border with Pennsylvania. It brought in $5.11 million in revenues over June.

Sports betting-wise, FanDuel and DraftKings remained on top. FanDuel, in first place, was the only operator surpassing $100 million handle ($108.7 million), and $1 million in taxes for the month.  

BetMGM and Caesars Sportsbook took in $20.8 million and $11.9 million, respectively.

Bottom of the pack was SuperBook sports, with $442k in handle. Upcoming operator Fanatics, which is still beta testing its new offering in Maryland, took $1.6 million in bets.

Related News

September 20, 2023

Pennsylvania Anti-Smoking At Casinos Bill Proposed Again

Pennsylvania is once again considering the elimination of indoor smoking in its commercial casinos. Allegheny County Rep. Dan Frankel (D) has introduced House Bill 1657 this week. This legislation aims […]

September 19, 2023

Phil Mickelson Talks Responsible Gambling and Addiction in Social Media Post

Golf legend Phil Mickelson has candidly opened up about his struggles with problem gambling, shedding light on the profound impact it had on his personal life and relationships. This week, […]

September 19, 2023

MLB Pennant Races Coming Down to the Wire

Before play on Tuesday night, four of the 12 spots in the Major League Baseball postseason have been claimed. The Atlanta Braves have clinched the National League East, the Los […]

September 19, 2023

New Jersey’s August Gambling Revenues Strong

New Jersey’s gaming sector continued its return to form in August 2023, with casinos and sports betting platforms reporting strong revenue growth. That’s according to the latest figures from the […]

Stay Ahead of the Game

Are you ready to take your online gambling experience to the next level? Sign up for the LetsGambleUSA newsletter and get the latest news, exclusive offers, and expert tips delivered straight to your inbox.