Maryland’s 2018 casino revenue rises 8% to just under $1.75b

Maryland’s six casinos closed out 2018 with a modest gaming revenue gain, although Horseshoe Casino Baltimore’s ongoing decline showed no sign of abating.

Figures released Monday by the Maryland Lottery and Gaming Agency show statewide casino gaming revenue hitting $148.4m in the month of December, a 5.2% improvement over the same month last year and $8.4m better than the market reported in November 2018.

Total gaming revenue for calendar 2018 came to $1.746b, up 8.1% from 2017’s $1.614b. Total slots revenue hit just under $1.1b in 2018, up from just under $1b in 2017. Table game revenue was up 6.3% year-on-year to a little less than $654m.

The state’s market-leading venue, MGM Resorts’ National Harbor, opened its doors in December 2016, making 2018 the first year in which proper apples-to-apples comparisons apply. National Harbor had a solid December, rising nearly 6% to $59.9m, while its annual haul was up 15.8% to $705m.