Maryland casinos continued to go through reduced romp on their gaming floors inwards January.

The Maryland Lottery and Gaming Control Commission this calendar week revealed January cassino numbers. It was the in vogue(p) monthly study showing a year-over-year wane in porcine gaming revenue (GGR).

The state’s 6 commercial-grade brick-and-mortar casinos won just about $153.2 million, which was 8.4% bring down than January 2023. January marked the tell gaming industry’s fifth month of year-over-year declines inward the previous VI months. Only Dec experienced a gain, and it was negligible at simply 0.3%.

Maryland casino win in 2023 totaled $1.98 billion. That represented a 3.3% declination or most $68.5 1000000 less than they won inward 2022. January began 2024 with farther declines inward cassino income.

Statewide Declines

January’s GGR losses were felt crosswise the Free State gaming industry. Each of the sestet casinos won to a lesser extent money during Jan 2024 than they did inwards Jan 2023.

MGM National Harbor maintained its securities industry conduct with the integrated resort gambling casino reporting GGR of $66 million. Jan saw the casino win virtually $6.3 meg to a lesser extent than January it did inward 2023, an 8.7% drop.

Live! Casino & Hotel near BWI Airport saw GGR wane 2.5% to $56.8 million. Horseshoe Casino Baltimore also continued its losing ways, as the Caesars Entertainment casino saw win tumble 17% to $14.6 million.

The state’s III holiday resort casinos also incurred losses. Hollywood Casino Perryville won $6.5 million, a 7.5% drop, piece Ocean Downs in German capital saw GGR slide 13% to $6.1 million. Rocky Gap won nearly $3.2 million, a 37% fall.

The reduced win translated to fewer task dollars for the state’s Education Trust Fund. Tax receipts from slots and table games totaled $45.6 million, an 11% regression.

The January numbers don’t include revenue from sports betting. Sportsbook win is reported separately, and Jan numbers haven’t yet been produced.

Maryland is home to both retail and online sportsbooks. There are 13 retail sports betting locations and 12 online sportsbook platforms.

In 2023, sports betting generated $164 jillion inwards sportsbook win after nearly $111.5 million inwards promotional swordplay deductions.

January was potential a goodness month for oddsmakers, as the NFL’s Baltimore Ravens missed to the Kaw River City Chiefs at rest home during the AFC Conference Championship Game despite beingness favored.

Not a Good Sign for iGaming

State lawmakers inward Annapolis will shortly consider legislation to bring legal iGaming, interactive slot machines and tabularize games played online, to the state.

A consider commissioned by the Free State Lottery and Gaming Control Commission conducted by the Innovation Group concluded that iGaming would likely injure caper at the sixer casinos. The consider projected that 2,700 jobs could be lost because of rock-bottom leg it traffic at the hexad brick-and-mortar casinos.

With legacy gambol down pat(p) in 2023 and away to a downward scratch in 2024, iGaming’s betting odds of gaining a sound regulatory framework inward the Old Line State presumably lengthened next the Jan GGR report. Federal officials who correspond gambling casino workers are lobbying against iGaming non only because of job concerns, but also on other economic worries.

It is non only the 16,000 gambling casino jobs inward Free State that are at stake. If iGaming were enacted in Maryland, in that respect would be no inducement for the state’s brick-and-mortar casinos to make water new majuscule investments to expand gaming floors, increment eating house and amusement options, or construct/expand hotel and lodging amenities,” opined Jason Chorpenning and Shane Sterry, respectively the chairwoman and vice chair of the United Food and Commercial Workers International Federal Local 27 and Seafarers Entertainment and Allied Trades Union.

“This testament termination inward a loss of task opportunities for MD crossways industries and testament atomic number 82 to to a lesser extent existent land taxation revenue, less personal attribute assess revenue, less income task revenue, less inebriant revenue enhancement revenue, and fewer sales assess revenue than are currently being realized,” they said.

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