Maryland Live Casino continues to live above the $50 million-a-month line, hauling in $53.7 million in gross gambling revenue in January, according to data released Wednesday by the Maryland Lottery and Gaming Control Agency.
It was Maryland Live’s ninth consecutive month with pretax revenues of $50 million or more, a streak that began once the Arundel Mills casino launched its massively successful table games division. In January, the casino’s 122 live-action tables (blackjack, craps, roulette, etc.) and 52-table poker room generated $20.9 million in gross revenue — its highest figure yet for table games.
The casino’s 4,270 slot machines generated about $32.8 million in gross revenue in January, a decrease of nearly 9 percent from the casino’s January 2013 slots haul. But Maryland Live was operating nearly 500 more machines at the beginning of 2013; the casino’s win-per-unit actually increased, from $244.10 per machine per day in January 2013 to $247.70 per machine per day last month, according to the state.
Maryland’s four casinos generated $66.2 million in total gambling revenue in January. About $33 million was collected in taxes, including more than $25 million that went to the Education Trust Fund.
In a year-to-year comparison (excluding Rocky Gap Casino Resort, which opened in Western Maryland in May), total casino revenue in Maryland increased by nearly $19 million or 43 percent, though all of the increase – and then some — came from table games at Maryland Live and Hollywood Casino Perryville in Cecil County. Slots revenues statewide were down by nearly 7 percent from last January.
Maryland’s gambling-revenue landscape will expand and shift later this year, when the Horseshoe Casino opens in downtown Baltimore — and again in 2016, when MGM National Harbor opens in Prince George’s County.