Openings & Closings

Revenues at commercial casinos in Maryland grew 33 percent

Monday, October 13, 2014

The Horseshoe Baltimore casino in Maryland opened in August. Photo from The Baltimore Sun / Twitter

Gaming revenues in Maryland grew 32 percent in the last fiscal year.

According to the Center for Gaming Research at the University of Nevada at Las Vegas, slot machine revenue and table game revenue totaled $833 million in the fiscal year that ended September 30. That's a big jump from the $626 million seen in the prior fiscal year.

The state is home to five casinos. The first urban one -- the $442 million Horseshoe Baltimore -- just opened in August.

Artist's rendering of a proposed gaming facility near Washington, D.C. Image from MGM National Harbor

An even bigger facility will be joining the mix in the summer of 2016. MGM Resorts International is building a $950 million casino at the National Harbor, a hotel, convention and entertainment complex that's less than 10 miles from the U.S. Capitol.

Maryland is home to several tribes with state recognition. None have been granted federal recognition so they can't engage in gaming under the Indian Gaming Regulatory Act.

Get the Story:
Maryland casinos post the Mid-Atlantic’s only big revenue gains. But for how long? (The Washington Post 10/13)