MGM National Harbor Leads Md. Casinos in Revenue in First Full Calendar Month - NBC4 Washington

MGM National Harbor Leads Md. Casinos in Revenue in First Full Calendar Month

Newest casino rakes in $48.4 million in January

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    Felt, a cocktail lounge off of the gaming floor in the new MGM National Harbor Casino, in Oxon Hill, Maryland.

    MGM National Harbor became Maryland’s top revenue-producing casino in its first full calendar month of operation.

    In its first full calendar month of operation, MGM National Harbor Casino generated $48,828,135 from slot machines and table games in January according to the Maryland Lottery and Gaming Control Agency. MGM National Harbor officially opened Dec. 8, 2016.

    Maryland’s six casinos totaled $126,212,756 in revenue in the first month of 2017, a 42.7 percent increase over 2016, which rang in the first month of the year at $88.36 million.

    MGM operates 3,237 slot machines and 165 table games.

    As Maryland’s gaming market continues to expand, other casinos saw expected declines in monthly revenue. In a year-to-year comparison excluding MGM, January 2017 revenue decreased by almost $11 million.

    The next closest casino came in at almost $5 million under MGM’s monthly total. Maryland Live Casino totaled almost $44 million from slots and tables in January, a decrease of 15.6 percent from January 2016.

    Horseshoe Casino Baltimore generated almost $20.22 million from slots and tables, a decrease of 14.5 percent from January 2016.

    Hollywood Casino of Perryville generated $5.77 million from slots and tables, a 4.6 percent decrease from January 2016.

    Casino at Ocean Downs took in almost $3.68 million from slots in January, a revenue decrease of 1.2 percent from January 2016.

    Rocky Gap Casino generated almost $3.73 million from both slots and tables, decreasing by 11.8 percent from January 2016.

    Maryland law requires a portion of casino revenue to support the Maryland Education Trust Fund as well as small, minority and women-owned businesses; local impact grants; and the state’s horse racing industry, according to the Maryland Lottery and Gaming Control Agency.

    Financial reports are posted monthly and are available to the public on the Maryland Gaming website in an effort to maintain transparency of casino operations.