Maryland casino revenue rises seventh straight month but fails to top $100m

Maryland casinos posted a year-on-year revenue gain in June, continuing a hot streak that has lasted since late last year.

Figures released Wednesday by the Maryland Lottery and Gaming Control Agency showed the state’s five casinos generated combined gaming revenue of $93.3m last month, up 2.1% from the same month last year and the seventh straight month of year-on-year gains. Slots rose 6.6% to $370m while table games improved 17.5% to $211m.

While still in positive territory, June’s increase was smaller than that of recent months. June’s gains also failed to sustain the two-month streak in which revenue topped $100m. Over the first half of 2016, the year-to-date revenue numbers are up 8.5% to $581.1m.

As always, market leader Maryland Live led the pack in June with $53.6m, although this was up a mere 1.4% from June 2015. Perennial runner-up Horseshoe Casino Baltimore enjoyed a more robust 5.8% gain but still finished well back of the lead with $24.4m.