Maryland Casino Revenue Down, Sportsbooks Doing Well
$5,000 Welcome Bonus
Statewide sports wagering totaled nearly $320.2 million last month — the second-best single-month total to date.
Maryland’s ten retail and ten mobile sportsbooks combined to generate $4,650,711 in contributions to the state during May 2023, the second-best single-month total to date. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs.
The statewide handle in May totaled $320,199,671, with mobile handle accounting for 95.3 percent of the total at $305,063,591. Mobile wagering delivered $4,439,703 in contributions to the state during May, while retail sportsbooks contributed $211,009.
Handle (Amount players wagered, including free promotional wagers)
- Retail: $15,136,080 (includes $20,281 in free promotional wagers)
- Mobile: $305,063,591 (includes $10,894,943 in free promotional wagers)
- Combined: $320,199,671
Prizes (Winnings paid to players)
- Retail: $13,550,937
- Mobile: $263,906,518
- Combined: $277,457,454
Hold (Handle, less prizes paid)
- Retail: $1,585,144 (10.5%)
- Mobile: $41,157,073 (13.5%)
- Combined: $42,742,217 (13.3%)
Taxable Win (Amount remaining after deducting prizes, promotional wagers, and other amounts)
- Retail: $1,406,723
- Mobile: $29,598,020
- Combined: $31,004,743
Sports Wagering Tax (15 percent of the taxable win)
- Retail: $211,009
- Mobile: $4,439,703
- Combined: $4,650,711
Since the inception of Maryland’s sports wagering program in December 2021:
- Cumulative contribution to the Blueprint for Maryland’s Future Fund: $25,306,654
- Cumulative expired prizes contributed to the Problem Gambling Fund: $2,102,783
In 2020, Maryland voters approved a constitutional amendment to expand commercial gaming by authorizing sports and events wagering to raise revenue for education. A detailed summary of each sportsbook, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, is available for download from the link above. Prior months’ reports are available at mdgaming.com.
Last month, Maryland’s six casinos generated $169.4 million in gaming revenue, contributing $70.8 million to the state.
According to Maryland Lottery and Gaming, the total represents a decrease of $9,366,462 (-5.2 percent) compared to May 2022. Contributions to the Education Trust Fund (ETF) in May 2023 were $51,488,339, a decrease of $1,934,414 (-3.6 percent) compared to May 2022.
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.
Maryland’s six privately owned casinos offer slot machines and table games: MGM National Harbor in Prince George’s County, Live! Casino & Hotel in Anne Arundel County, Horseshoe Casino Baltimore in Baltimore City, Ocean Downs Casino in Worcester County, Hollywood Casino Perryville in Cecil County, and Rocky Gap Casino Resort in Allegany County.
In 2018, Maryland voters approved an amendment to the State Constitution to safeguard State video lottery terminal revenues for education.
As described in the bill and the ballot question, supplemental funding must total at least $125 million in fiscal 2020, $250 million in fiscal 2021, and $375 million in fiscal 2022. One hundred percent of the gaming revenues dedicated to public education must be supplemental funding in subsequent years.
The gaming revenue totals for May 2023 are as follows:
MGM National Harbor (2,279 slot machines, 210 table games)
$71,716,915 in May 2023, a decrease of $4,247,876 (-5.6%) from May 2022Live! Casino & Hotel (3,838 slot machines, 179 table games)
$58,934,594 in May 2023, a decrease of $3,792,290 (-6.0%) from May 2022Horseshoe Casino (1,443 slot machines, 122 table games)
$17,516,043 in May 2023, a decrease of $165,293 (-0.9%) from May 2022Ocean Downs Casino (857 slot machines, 19 table games)
$8,402,111 in May 2023, a decrease of $106,092 (-1.2%) from May 2022Hollywood Casino (695 slot machines, 19 table games)
$7,602,531 in May 2023, a decrease of $610,975 (-7.4%) from May 2022Rocky Gap Casino (622 slot machines, 16 table games)
$5,229,172 in May 2023, a decrease of $443,937 (-7.8%) from May 2022
