This marks a drop of 11.04% in revenue from the previous month’s reported figure of $172.9 million. Gambling revenue for January increased by 19.4% year-on-year, however, the report does note that in early 2021, casinos across the state were operating at reduced capacity.
Quiet Start to 2022 Sees Maryland Casino Revenue Drop in JanuaryThe monthly report once again gives a detailed breakdown of revenues posted by each of the state’s six casinos:
- MGM National Harbor — $67,090,648 up 32.8% from January 2021 Quiet Start to 2022 Sees Maryland Casino Revenue Drop in January
- Horseshoe Casino — $16,112,570 up 17.1% from January 2021
- Hollywood Casino — $6,651,783 down 2.8% from January 2021 Quiet Start to 2022 Sees Maryland Casino Revenue Drop in January Quiet Start to 2022 Sees Maryland Casino Revenue Drop in January
Sports betting revenue figures for December
Sports betting launched in Maryland on Thursday December 9th. 5 retail sportsbooks launched during the month while a mobile sports betting launch date has yet to be finalized.
Quiet Start to 2022 Sees Maryland Casino Revenue Drop in January Sports betting operators reported accepting over $16.5 million in wagers during December. This figure included promotional wagers given to players by sportsbooks. Combined player winnings for the month amounted to $13.3 million resulting in a 19.1% hold for operators. Taxable revenue for the month totaled $3.1 million allowing the state to collect $469,297 in sports wagering taxes.
Jenny Tang
Quiet Start to 2022 Sees Maryland Casino Revenue Drop in January