Marylands Casinos Rake in $143.8 Million in September, Marking 4th Best Month Ever

Written by By Aria "Athena" Hale Jun11,2024

Marylands gaming establishments generated a substantial $143.8 million in revenue during September 2018, representing a notable 6.9% increase over the corresponding period in 2017. This impressive performance positioned September as the fourth most lucrative month for the state’s gambling sector.

Four of the six casinos experienced growth, with MGM National Harbor, the state’s top earner, spearheading the surge with a 10.3% rise, reaching an impressive $54.4 million. Ocean Downs Casino in Ocean City followed closely, registering a 13.9% jump to achieve $7.5 million.

However, the trend was not uniform. Rocky Gap Casino Resort and Horseshoe Casino Baltimore witnessed minor declines, recording a 1.3% and 1.6% decrease, respectively.

This wave of casino prosperity resulted in a significant $59.5 million tax contribution to the state, with a substantial portion allocated to the Education Trust Fund. The remaining funds are designated for community enhancement projects and supporting Marylands equine racing sector.

Written by

By Aria "Athena" Hale

Holding a Master's degree in Mathematical Game Theory and a Bachelor's in Economics, this versatile author has a deep appreciation for the strategic and economic dimensions of gambling and their role in shaping the behavior and outcomes of players and markets. They have expertise in auction theory, mechanism design, and behavioral economics, which they apply to the study of the strategic and economic aspects of gambling markets and the development of strategies to promote efficient and equitable gambling outcomes. Their articles and reviews provide readers with a game-theoretic and economic perspective on the casino industry and the strategies used to optimize the strategic and financial performance of gambling operations.

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