Maryland Casinos Win Nearly $180M in May, State Industry’s Second-Best Month
Maryland casinos reported porcine gaming revenue (GGR) finally month of $178.76 million. The drag represents the second-best month on record. Maryland’s foremost casino opened inwards Sep 2010.
May 2022 represented a 3.7% betterment on May 2021, and 17.4% amend than the about $152.3 one thousand thousand the half-dozen commercial casinos won in pre-pandemic May 2019.
The $178.7 one thousand thousand May ’22 win trails only when July 2021, when the casinos pulled inward a book $180 billion from gamblers.
The manufacture momentum seems to threaten the July benchmark. With pandemic concerns greatly easing, and sports betting at present unrecorded at Little Phoebe of the brick-and-mortar properties, the state gaming market is positioned well for a successful — and mayhap unprecedented — summer.
MGM, Live! Dominate
MGM National Harbor and Live! Casino & Hotel MD go on to maintain their marketplace ascendence inwards the Old Line State. The MGM Resorts casino remote DC won almost $76 zillion from its patrons last month. The Cordish Companies’ flagship gaming property kept $62.7 jillion of the bets wagered.
The 2 casinos’ combined GGR of $138.7 gazillion accounted for almost 77% of the commonwealth market place inward May. Caesars Entertainment’s Horseshoe Baltimore was a distant tertiary at $17.6 million.
Maryland’s ternion resort-style casinos — Ocean Downs in Berlin, Hollywood Casino Perryville, and Rocky Gap Resort — won the remaining $22.4 million.
May had a favorable year-over-year comparison, as the casinos remained limited to operating at 50% content during May 2021. The province and innkeeper cities, however, allowed the gaming properties to takings to operating at their total attack cipher capacities by June.
Horseshoe’s struggles continued inward May ’22, as the Baltimore prop saw GGR wane more than 9% from May 2021. Though MGM National Harbor and Live! Old Line State are seeing visitant numbers increment as the summer months arrive, the downtown Baltimore casino’s location is inwards an unwanted component of Charm City.
Caesars is disbursal intemperately to improve and revitalize the corridor betwixt its Horseshoe belongings and the nearby NFL and MLB pro sports venues M&T Bank Stadium and Oriole Mungo Park at Camden Yards.
Sports Betting Update
Maryland sports betting went live at for each one cassino sans Rocky Gap inwards December. But the expanded gaming isn’t expected to cater real gaming and associated revenue enhancement revenue until online trading operations are permitted to begin.
The itinerary to authorizing nomadic sportsbooks inward MD is complex because of the law’s nonage requirement that allows sure little businesses to seek entry into the online wagering market. The Old Line State Sports Wagering and Application Review Committee (SWARC) continues to await the results of its commissioned disparity study that will assist the federal agency inwards determining which applicants are awarded nomadic sports betting privileges.
Maryland casinos are ready to commence their online sportsbooks at one time given the go-ahead. The gaming industry is pleading with province officials to take into account such trading operations to start in clip for the 2022-23 NFL season. But the odds of that occurrent lengthen with from each one going day. The law trumps the casino’s wishes, SWARC officials say.
“The bank note expresses the purport of the General Assembly that the sports wagering program is to follow implemented inwards a way that, to the extent permitted by law, maximizes the ability of minorities, women, and nonage and women-owned businesses to participate in the sports wagering industry, including through and through the ownership of licensed sports wagering entities below the bill,” a recent observe from the agency explained.