Maryland casinos won approximately $1.98 billion in 2023, a 3.3% decline from 2022. The year-over-year difference equates to the six commercial casinos collectively winning about $68.5 million fewer gaming dollars than they did in the prior year.
MGM National Harbor led the Maryland casino industry in 2023 for a seventh consecutive year. Statewide gaming revenue, however, declined more than 3% from 2022. (Image: Visit Maryland)MGM National Harbor in Oxon Hill, Live! Casino Hotel Maryland in Hanover, Horseshoe Casino Baltimore, Ocean Downs in Berlin, Hollywood Casino Perryville, and Rock Gap in Flintstone won $165.5 million in December . The gross gaming revenue (GGR) includes gaming win from the casinos . It doesn t include sports betting.
December s GGR was a marginal 0.3% improvement from December 2022. State gaming taxes earmarked for the totaled more than $50.6 million during the month.
2023 Downfall2023 marked the end of the Maryland casino industry s COVID-19 comeback. After two strong years of gaming recovery, in-person gaming slowed last year in the Old Line State.
MGM s integrated resort outside D.C. across the Potomac River the richest casino in the U.S. outside of Las Vegas continued its Maryland dominance. MGM National Harbor won $485.3 million on its 2,266 slots last year, and added $348.8 million on its 207 table games, for a combined GGR of $834.1 million.
MGM s 2023 win, however, represented a nearly 6% year-over-year loss. Table games were most responsible, as National Harbor in 2022 won almost $407.5 million on the felt.
Live! Casino near BWI airport again came in second. The casino s 3,849 slots won $502.5 million last year, and its 179 table games added $207.4 million, for a combined win of roughly $709.9 million. The 2023 win represented a 0.6% gain from 2022.
Despite considerable investments made by Caesars Entertainment in the area surrounding its Horseshoe in Baltimore near the city s professional sports stadiums including the opening of an outdoor Topgolf attraction the casino continued its struggles last year. Horseshoe GGR fell below $200 million to just $192.4 million, down more than 8% from 2022, when the casino won $209.8 million.
Maryland s three resort-style casinos won $216.8 million on their slots and $29.5 million on their tables, for win of approximately $246.3 million. The three properties, which as of December collectively operated 2,170 slots and 57 tables, saw gaming decline 2% from 2022.
Sports Betting PremiumThough legacy play dwindled at the six brick-and-mortar casinos in 2023, those losses were easily offset by . Online sportsbooks began taking bets in November 2022, nearly a year after in-person sports betting began at the casinos in December 2021.
Through November, Maryland sportsbooks won more than $264.5 million from bettors. Though a considerable portion of the win is shared with the casino s third-party sportsbook partners like DraftKings and FanDuel, the is presumably enough to offset the brick-and-mortar slot and table game declines incurred in 2023.
The Maryland Lottery and Gaming Commission is expected to release December and 2023 full-year sports betting data this week.
It might not be an overly robust report for the oddsmakers, as the state s beloved Baltimore Ravens went 4-0 in December, with victories over the Los Angeles Rams, Jacksonville Jaguars, San Francisco 49ers, and Miami Dolphins. The Ravens covered the spread in all but the team s 37-31 overtime thriller against the Rams.
