Maryland Casinos Continue Blistering Pace, Set Another Monthly Gaming Record
Maryland casinos go on to flourish as they emerge from the pandemic, with the VI commercial-grade properties once again reporting a unexampled monthly gaming revenue record.
Gross gaming revenue (GGR) totaled more than $180.1 jillion inwards July. Slot machines won $122.7 million, and tabularise games $57.4 million. It’s the third time inwards the previous five months that Maryland’s casinos have combined to lot an all-time monthly high.
The $180.1 million achievement is a 4.5 percent put on on the state’s previous monthly GGR enter of $172.4 million, which was only if lot inward May. July 2021 was a nearly 29 percent realise on July 2020 — or $40.2 zillion more money won from gamblers.
The upsurge resulted in the Free State Education Trust Fund collecting o'er $56.2 billion endure month from gambling casino operations. Along with education, casino taxes livelihood the communities and jurisdictions where the gaming properties are located, positive the commonwealth Equus caballus racing manufacture and minority- and women-owned businesses.
Feverish Post-Pandemic Play
COVID-19 relegated gamblers to their houses on stay-at-home-orders end-to-end practically of 2020. The long stints without memory access to a brick-and-mortar gambling casino has spurred unprecedented pent-up exact in often of the nation.
Along with Maryland, monthly gaming revenue records get been realized in Pennsylvania, New Jersey, and Massachusetts. Those states are reporting amend than pre-pandemic gaming activity.
January through July, GGR for Free State casinos totals $1.10 billion. At this clip lowest year, casino revenue stood at $540.2 million. The $1.1 1000000000 casino win through septenary months of 2021 is improve than the same full point inwards 2019. GGR two years ago totaled octet percent lower at $1.02 billion.
Slots are impulsive the 2021 surge. GGR from the terminals through and through octonary months of 2019 totaled $666.75 million. This year, the machines get won $745.44 million.
Maryland Gov. Larry Ben Hogan (R) lifted all remaining COVID-19-related operating restrictions on casinos inwards mid-March of this year.
Horseshoe Rebound
MGM National Harbor and Live! Casino & Hotel overtop the Free State gaming industry, respectively winning shoemaker's last month $73.3 million and $62.9 million. Horseshoe Baltimore, the state’s other full-scale gambling casino property, is doing everything it canful to win market share.
The Baltimore cassino operated by Caesars Entertainment has continually seen its cassino numbers correct o'er the past quint years. The troupe has invested significantly in buying upwards neighbourhood blight betwixt the gambling casino and Baltimore’s nearby pro sports stadiums. The end is to work the myopic paseo a to a greater extent appealing trek for sports fans.
After months of year-over-year GGR declines, Horseshoe reversed its fortunes inwards July. The cassino reported gaming revenue of $19.34 million, a 22.4 percent realise on July 2020. That fig is nearly mat from July 2019, when Horseshoe won $19.38 million.
With pent-up exact refueling gaming at Maryland casinos, Horseshoe will looking to go on its recovery inwards the months ahead. It stands to perhaps welfare more than any other res publica cassino with the legitimation of sports betting. Regulations are presently beingness finalized to govern the expanded gambling.
Horseshoe is set less than half a international mile from where the Orioles and Ravens play their home games.