- MGM’s National Harbor casino in Maryland achieves record revenue in August
- Reflects healthy state of Maryland state’s casino industry at large
MGM’s National Harbor casino reportedly achieved a revenue record in August, as the state of Maryland as a whole reported significant year-on-year increases in casino gambling revenue.
Maryland’s leading casino venue
This is the fifth time in the last six months that the Maryland casino has posted revenue of more than $50 million, making it Maryland’s leading gaming venue.
Figures from the Maryland Lottery and Gaming Control Agency show that Maryland’s gambling revenue was just under $137.5 million for August which is a 37.1% year-on-year increase. However, revenue fell $1.25 million from July of this year, a very slight decrease.
MGM’s new casino didn’t officially open until December last year, but has quickly established itself as the state’s leading casino gaming venue.
The casino’s continued success is reportedly largely thanks to lucky tables which rose $2.2 million from July to $27.3 million.
Maryland’s casino market
The National Harbor was a huge contributor to the year-on-year boost Maryland’s gambling revenue received, with the state’s five other casino’s posting a combined 15.7% year-on-year decrease without the figures of MGM’s gaming venue.
Maryland’s Live Casino failed to emulate the success of competitor The National Harbor, posting a 19.9% year-on-year decrease with revenue of $44,758,070 from both slot machines and table games.
Horseshoe Casino’s August 2017 revenue also decreased by 21.3% to $5,894,440 from August 2016. However, the Hollywood Casino Perryville generated $6,252,793 from both slot machines and table games in August, a year-on-year increase of $319,196 (5.4%).
The Casino at Ocean Downs and Rocky Gap Casino Resort also posted increases, with 11.9% and 6.1% year-on-year increases respectively.
Despite MGM’s National Harbor casino contributing heavily to the increased gambling revenue in the state, the figures show Maryland’s casinos and gambling industry to be in a healthy state.
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